ENTREPRENEURIAL PROCESS

1. Identification and evaluation of opportunity 2. Development of business plan 3. Determination of required resources 4. Management of resulting enterprise

Identification and evaluation of opportunity

Opportunities do not suddenly appear, its a result of alertness of entrepreneur Opportunity must fit the personal skills and goals of the entrepreneur Opportunity Analysis or Opportunity Assessment Plan

Development of business plan

Description of business & industry
Technology and marketing plan Financial and production plan Organization and Operation plan etc

Determination of required resources

Resources that are critical need to be differentiated from that are just helpful
Acquiring needed resources in timely manner Strive to maintain largest ownership

Management of resulting enterprise

Develop the management style Understand key variable for success Identify problems Implement control systems Develop growth strategy

INTRAPRENEURSHIP
Its a method of stimulating and then capitalizing on the individuals in the organization, who think that something can be done differently and better.

Why Intrapreneurship
Recognizing the results that occur when the employees catch Entrepreneurial Fever many companies are now attempting to create the same spirit, culture, challenges and rewards of entrepreneurship in the organization.