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    Topics:: 1: The Entrepreneurship Process 2: Ethics and Social Responsibility of Entrepreneurship

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    Muzahir Hussain Joyia
    1. The document outlines the four phases of the entrepreneurship process: opportunity identification and evaluation, developing a business plan, determining required resources, and managing the resulting enterprise. 2. It also discusses the importance of ethics and social responsibility for entrepreneurs, including examining business practices in light of human values and ensuring resources are deployed fairly between the firm and stakeholders. 3. Key aspects of each phase are defined, such as identifying opportunities, evaluating them, developing an assessment plan, defining the business plan, identifying critical resources, and addressing operational problems when managing the enterprise.

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    Topics:: 1: The Entrepreneurship Process 2: Ethics and Social Responsibility of Entrepreneurship

    Uploaded by

    Muzahir Hussain Joyia
    17 views10 pages
    1. The document outlines the four phases of the entrepreneurship process: opportunity identification and evaluation, developing a business plan, determining required resources, and managing the resulting enterprise. 2. It also discusses the importance of ethics and social responsibility for entrepreneurs, including examining business practices in light of human values and ensuring resources are deployed fairly between the firm and stakeholders. 3. Key aspects of each phase are defined, such as identifying opportunities, evaluating them, developing an assessment plan, defining the business plan, identifying critical resources, and addressing operational problems when managing the enterprise.

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    1. The document outlines the four phases of the entrepreneurship process: opportunity identification and evaluation, developing a business plan, determining required resources, and managing the resulting enterprise. 2. It also discusses the importance of ethics and social responsibility for entrepreneurs, including examining business practices in light of human values and ensuring resources are deployed fairly between the firm and stakeholders. 3. Key aspects of each phase are defined, such as identifying opportunities, evaluating them, developing an assessment plan, defining the business plan, identifying critical resources, and addressing operational problems when managing the enterprise.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    17 views10 pages

    Topics:: 1: The Entrepreneurship Process 2: Ethics and Social Responsibility of Entrepreneurship

    Uploaded by

    Muzahir Hussain Joyia
    1. The document outlines the four phases of the entrepreneurship process: opportunity identification and evaluation, developing a business plan, determining required resources, and managing the resulting enterprise. 2. It also discusses the importance of ethics and social responsibility for entrepreneurs, including examining business practices in light of human values and ensuring resources are deployed fairly between the firm and stakeholders. 3. Key aspects of each phase are defined, such as identifying opportunities, evaluating them, developing an assessment plan, defining the business plan, identifying critical resources, and addressing operational problems when managing the enterprise.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 10

    Topics:

    1: The entrepreneurship process


    2: Ethics and Social Responsibility of
    Entrepreneurship
    The entrepreneurial process
    It is the process of pursuing a new venture,
    / new products into existing markets./
    There are four phases:
    1. Identification & evaluation of opportunity
    2. Development of the business plan
    3. Determination of the required resources
    4. Managing of the resulting enterprise
    Phase 1:
    Identification & evaluation
    of opportunity
    a. Opportunity identification is the
    process by which an entrepreneur
    comes up with the opportunities for a
    new venture.
    Sources of opportunity:
    • Customers and business associates
    • Member of the distribution system
    • Technical people
    Phase
    1: . . .
    B. opportunity evaluation: Identified
    opportunities should be screened &
    evaluated.
    It is the most critical element of the
    entrepreneurial process. It involves:
    • The length of the opportunities
    • Real and Perceived value
    • The risk and return
    • Its fitness with personal skill & goal
    of the entre.
    Phase
    1Opportunity
    ... assessment plan: evaluating opp.
    Similar to business plan but different in
    that it focus on only opportunities not the
    entire venture .
    Deciding whether or not to act on the opport.
    It includes:
    • Description of the product/service
    • Assessment of opportunities
    • Assessment of the entrepreneur & the team
    • Specification of all activities & resources needed
    • The source of capital to finance the venture
    Phase 2: developing
    BP
    It is the general future direction of the
    business.
    It is written document describing all relevant
    internal and external elements and
    strategies for starting new venture.
    It is one of the time consuming phase
    In BP:
    • Opportunity will be defined and
    exploited
    • Resource required will be obtained &
    determined
    Phase 3: determining
    the resource required
    Focus on the variety and amount of resource
    Identify and differentiate critical resources
    from helpful resources
    Determine resource required
    Determine the existed resources
    Identify the resource gap &
    possible supplier
    Developing access to needed
    resources
    Assessing the downside of insufficient or
    Phase 4: managing
    the resulting
    enterprise
    All about implementing the BP
    Examining the operational problems
    • Implementing the management style and
    structure
    • Determining the key variables for
    success
    Establishing controlling system
    Ethics and social
    responsibility
    Business ethics concerns itself with the
    investigation of business practice in light of
    human value.
    Ethics refers to the ‘study of whatever is right
    and good for humans
    Ethics is the study exploring the general nature
    of morals and the specific moral choices to
    be made by the individual in his relation
    with others.
    Ethics . .
    . entrepreneurs have been shown to be
    particularly sensitive to examine pressure
    and general social norms in the community,
    as well as pressures from their
    competitors.
    A central question in business ethics:
    whose Benefit and at whose expense should
    the firm be managed?
    In addressing this question the entrepreneur
    ensures that resources are deployed
    fairly between the firm and its

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