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  • Entreprenueral Decision Making

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    Navneet Navi
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    The document provides guidance on decision making for entrepreneurs. It advises entrepreneurs to base decisions on their own identity, knowledge, and network. It also recommends focusing on minimizing downside risks and losses rather than expected returns alone. Additionally, the document suggests building co-creative partnerships with customers and suppliers to develop opportunities together, leveraging unexpected situations as potential opportunities, and controlling outcomes when possible instead of solely predicting the future.

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    The document provides guidance on decision making for entrepreneurs. It advises entrepreneurs to base decisions on their own identity, knowledge, and network. It also recommends focusing on minimizing downside risks and losses rather than expected returns alone. Additionally, the document suggests building co-creative partnerships with customers and suppliers to develop opportunities together, leveraging unexpected situations as potential opportunities, and controlling outcomes when possible instead of solely predicting the future.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    2 views10 pages

    Entreprenueral Decision Making

    Uploaded by

    Navneet Navi
    The document provides guidance on decision making for entrepreneurs. It advises entrepreneurs to base decisions on their own identity, knowledge, and network. It also recommends focusing on minimizing downside risks and losses rather than expected returns alone. Additionally, the document suggests building co-creative partnerships with customers and suppliers to develop opportunities together, leveraging unexpected situations as potential opportunities, and controlling outcomes when possible instead of solely predicting the future.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 10

    Decision

    Making
    in
    Entrepreneurship

    1
    So where to
    start?
    The basis for the new
    decisions and opportunities:

     Who I am
     What I know
     Whom I know
    Affordable loss

    • Focus on the downside


    • Think in terms of affordable loss
    rather than expected returns.
    • Expected return, calculate upside
    the potential and pursue the best
    opportunity
    • Calculate the downside potential
    and risk no more than you can
    afford to lose.
    Co-Creation Partnership
    Set up transactional
    relationships with customers and
    suppliers.
    Build your future together with
    customers and suppliers
    Leverage contingencies

    Avoid Surprises.
    Leverage Surprises.
    Surprises can present new opportunities.
    Control vs Prediction
    To what extent can we predict the future

     PLAN
    To the extent we can control the future, we don’t need to predict it.
     CO-CREATE
    Case Study: -

    V/S
    A presentation
    by Navneet

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