Professional Documents
Culture Documents
BUSINESS
OPPORTUNITY
RECOGNITION
CONTENT
• Business opportunity process
• Behavioral factor
• Opportunities in cyber business
• SWOT Analysis
• Business Model Canvas
Session Objectives
At the end of the session, students
should be able to:
• understand the various ways to
recognize business opportunity.
• Apply the theory in case study.
WHAT IS OPPORTUNITY
Opportunity is defined as a
situation that enables an
entrepreneur to offer marketable
products or services to interested
buyers or end users
TYPES OF SITUATIONAL FACTORS
• Product or service is still not in
existence
Opportunity identification
is a process that involved
the search for and
discovery of business
opportunities
APPROACH TO OPPORTUNITY
IDENTIFICATION
3. Recognize
problems and
2. Recognize find ways to
a need that solve it
1. Observe customers
changes in
the
environment
1. OBSERVING CHANGES IN THE
ENVIRONMENT
• Economic forces
• Social forces
• Technological advances
• Political and regulatory statues
Examples of How Changes in the Environment Provides Openings for
New Product and Service Opportunities