BU111 Lecture Notes - Lecture 4: Switching Barriers, Microcredit, Muhammad Yunus
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Screening process (cont. : idea providing a competitive advantage that can be sustained. Product is unique in value and better than others. Can the idea be protected legally: the idea is marketable and financially viable. Longer time to profitability or greater upfront investment needed = riskier. Few, high switching cost few , inferior, high switching cost. High, competition stiff, need network hard to get. Conditions will make profitability difficult or will cause declining performance in the future. Debt: interest and controlled, from financial institutions, suppliers. Equity: no interest, less control, from savings, love $, private investors, venture capital. Crowdfunding - initiator + backer + platform. Society"s change agents: creators of innovations that disrupt the status quo and transform our world for the better. : entrepreneurs seek innovations solutions to the world"s toughest problems. Often and areas of education, environment, health. Social value as the primary objective, economic value is a by-product. Results and companies with a social mission.
