COMM 320 Study Guide - Final Guide: Business Acumen, Dream Vision, Domain Knowledge
8 Dec 2018
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Individual who perceives an opportunity and creates an organization to pursue that opportunity. Involves functions, activities, and actions associated with perceiving opportunities and creating organizations to pursue them. Desire for nancial success + to achieve self-realization + for recognition. Social + cultural pressures for/against risk taking. Business acumen - skills/expertise in dev of strat. Operational experience - know-how building + delivering solution. Domain knowledge - understand customers + industry within business domain. Describe the tenets of the timmons model : opportunity, clear customer need, right timing, combine factors with execution of business plan to make idea an opportunity, lead entrepreneur and mgmt team, experience within industry? b. c. Investor prefer to see track record of driving growth + pro ts. A" team with b" idea > b" team with a" idea: resources, capital, tech, equip. , people, low oh, high productivity, and controlling, but not owning resources, find ways to get things done faster, cheaper or better.
