BSM 100 Lecture 12: BSM100 Lecture 12 Note
16 Feb 2018
School
Department
Course
Professor
Document Summary
Bsm 100: new business - idea to reality. Measure of success in the business world is survival. Figure out//solve gaps in market, new business, alliance- urge economic growth. Importance of entrepreneurship: entrepreneurial skills (passion, commitment, communicate across different groups) // attitude. Network is powerful (identify, grow) - dont go for the sale similarity // proximity principles. Role of nature and nurture (expertise, resources) Govt. (federal budget, bank of canada); competition; technology (across different indus. //suppliers, employee network); social (value and belief of. Customer, employee) and global (trade deal, terrorism, job migration) Vision (goal - change every 3 years) - future. Mission of the organisation (purpose of existence) - present. Linked by core competency: current knowledge // skills // customer (base) - legitimacy. S/w - internal - link tangible (sale product - idea, manufacture) O/t - external - give meaning (vault), trend, competitor (analysis, Key success factors (ksf) of an indus. (choose, identify 5-6 factors that define the indus. )
