We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Innovation and Entrepreneurship - Essay Example

Comments (0) Cite this document
A unique Business Plan [Name] [Date] Business plan is one of the most important steps in small business launching. Business plan is the main tool for the planning of a new business. To my mind, the main goal of any business plan is to attract funds from investors in the new project…
Download full paperFile format: .doc, available for editing
Polish This Essay97.6% of users find it useful
Innovation and Entrepreneurship
Read TextPreview

Extract of sample
"Innovation and Entrepreneurship"

Download file to see previous pages However, there are individuals who come up with original ideas for the future to gain huge profits. As a rule, these types of business look very interesting. How do you react when you are told that another millionaire made his millions on the sale of conventional jackets autographed by celebrities? But in fact this is the way Tanneberg Walter raised his capital in German city of Kiel. Selling jackets with autographs impressed rich people and they paid huge sums of money for these jackets. However, the business plan should be developed with regards to the investor's needs. The following steps should be taken: Summary. Every business plan summarizes data it contains. After reading the summary of the investor can "wake up" and invest money. Product. This section includes information about the product (product, service, project, and company): description, data – and a "unique selling proposition" (USP). It is very important to show confidence in the success of the project (Mintzberg, Ahlstrand and Lampel,1998). Market analysis. This part of a business plan includes information on the amount of the target market, its main trends. Such issues as market share and the actions taken are considered and a part of expenses is devoted to advertising and promotion. Manufacturing process. A description of all production phases of the project, a list of resources and tools (equipment, premises etc). Staff. The list of professionals involved in the design / development / promotion project (their skills, experience, qualifications etc). Project management. The list of project managers and the distribution of responsibilities between them. Cost management personnel, including the costs of the office (salaries, bonuses, rent, equipment, furniture, supplies etc). Sales plan. Projected revenues in the first months after launch, and after a year, three or five are considered. Examples of different scenarios for the project should be included in this section. Investment. The amount of funds required to implement the project. You need to specify how much will cost borrowings, in which periods of activity and to what extent they are needed. Of course, there are many other issues, which should be taken into account, but, to my mind, the central innovative and a unique idea is a guarantee of further business plan success. My unique idea looks like this: I want to help my city in cleaning the roads from the used chewing gums. I plan to develop a series of posters with portraits of various celebrities - from politics to pop business starts. These posters can be placed on the subway while moving escalator, at the exit of the subway and bus stops and lamp posts and every 100 meters. The idea came to my mind after I noticed that people stick gum used for posters with images of people. Therefore, I plan to develop posters with the faces of famous people and write questions on them, such as "How do you feel about the legalization of marijuana in England?", "How do you feel about legalizing euthanasia?", "How do you feel about the banning of abortion?" And so on. Of course, people would like to vote in such an interesting way. Then personnel of my team will collect gums from two sectors of each poster: "for" and "against." Therefore, our community will get clean roads without any expenses on cleaning techniques, find out nation's attitude to critical social issues and enable me and my company to promote famous people and produce posters with their names. We can ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Innovation and Entrepreneurship Essay Example | Topics and Well Written Essays - 750 words”, n.d.)
Innovation and Entrepreneurship Essay Example | Topics and Well Written Essays - 750 words. Retrieved from https://studentshare.org/management/1467473-innovation-and-entrepreneurship
(Innovation and Entrepreneurship Essay Example | Topics and Well Written Essays - 750 Words)
Innovation and Entrepreneurship Essay Example | Topics and Well Written Essays - 750 Words. https://studentshare.org/management/1467473-innovation-and-entrepreneurship.
“Innovation and Entrepreneurship Essay Example | Topics and Well Written Essays - 750 Words”, n.d. https://studentshare.org/management/1467473-innovation-and-entrepreneurship.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Entrepreneurship & Innovation
In addition, entrepreneurial ventures were responsible for majority of jobs created from 1993 to 2008. In terms of standards of living, entrepreneurs were responsible for a 700% average increase in 16 countries in a span of a century – from 1870 to 1979.
10 Pages(2500 words)Dissertation
Innovation and Entrepreneurship Case Analysis on Aravind Eye Care System model
This business model is influenced by a humanitarian dimension where the major objective is to uplift the welfare of the poor people through eradicating needless blindness. The institution is self sufficient in terms of operating income which is generated from patient revenues.
4 Pages(1000 words)Essay
Innovation and Entrepreneurship - Case Synopses - KAPAI NEW ZEALAND
All of these were in the town areas and it was quite easy to attract the customers. They have studied the current eating habit of the New Zealanders, their cultural factors, fast food choices and according to that data, James and Justin have planned the food items that have to be served and they decided that only healthy as well as fresh food only has to be given to the customers.
4 Pages(1000 words)Essay
Creativity, Innovation and Entrepreneurship
Innovation seems to be a primary move, which P&G exactly did for Olay. Innovation is one fundamental component that makes up the whole about entrepreneurship. Although it is not only the strong powerful force that will help us understand what entrepreneurship is all about, it carries a very important role on how a certain product or service offering would perform in the market and how both entrepreneurs and target consumers benefit from it.
8 Pages(2000 words)Essay
Entrepreneurship----Economists views on the innovation and entrepreneurship
These maybe generated from economic practical about how business can be leverage at the market and with targeted customers. The intricacies on entrepreneurship require that business managers should be equipped with the fundamental skills in analysing the
2 Pages(500 words)Essay
The approach is called the lead user process, a method stumbled upon by the product development team of the company for Medical Surgical Markets Division. By the end of their initial application of the lead user approach, an exercise which lasted only slightly over a
11 Pages(2750 words)Essay
Are barriers sometimes necessary? Innovation has become a business (Hargadon, 2003). So it makes sense there are different types of
11 Pages(2750 words)Essay
EMBA 530 Innovation and Entrepreneurship Discussion initial post
Occasionally, a Google or two may take place, but these are rare. Many ventures are unknown companies that serve a small segment of the market and provide highly specialized goods and services, on the one hand.
2 Pages(500 words)Essay
Innovation and Entrepreneurship Specialism
It generates about a quarter of its annual sales from products less than five years old. The company began as the Minnesota Mining and Manufacturing Company in 1902. The flexible sandpaper is considered its most popular product and is still sold as a
19 Pages(4750 words)Essay
Entrepreneurship and innovation
Further, through a systematic exploration of opportunities available in the business environment, entrepreneurs are in a position to adapt to new changes in a
12 Pages(3000 words)Essay
Let us find you another Essay on topic Innovation and Entrepreneurship for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us