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Technology Ventures: From Idea to Enterprise 4th Edition by Thomas Byers,Richard Dorf ,Andrew Nelson
Edition 4ISBN: 978-0073523422Technology Ventures: From Idea to Enterprise 4th Edition by Thomas Byers,Richard Dorf ,Andrew Nelson
Edition 4ISBN: 978-0073523422 Exercise 2
Select a high-potential opportunity that interests you and then use it for the venture challenge exercises at the end of each chapter.
Describe the competencies and skills you and your team members possess.
Describe the competencies and skills you and your team members possess.
Explanation
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Introduction:
The industrial market is a sea of opportunities and by working towards it; moving in the right direction and training oneself to achieve this one can achieve anything. Many think it is too difficult to start a new venture and they do not posses what it takes to be a successful entrepreneur. The truth is that anyone with a blend of good idea, the right sum of funds and creativity can make enormous changes in the business world.
Team skill and competency possession:
The new venture is no less than a challenge. The strength of the team in turn strengthens the business as a whole. Some of the attributes and potentials the team possesses are;
• They have a specific vision and they strive to make it reality.
• They have a team which gets along with each other and work in harmony.
• Each member is an expert in their field of knowledge, like for example the chefs are the best in cooking; the administration is handled by graduates with good experience in the field and management knowledge, etc.
• They are quick in taking decisions.
• They evaluate their new changes and adapt to any change which is necessary.
• They are good risk management team.
• They own the prospective to transform opportunity into reality.
• They are not only trained but also train new people to follow the goals of the industry.
Conclusion:
The team has the potentials to run a new venture to a victorious firm.
The industrial market is a sea of opportunities and by working towards it; moving in the right direction and training oneself to achieve this one can achieve anything. Many think it is too difficult to start a new venture and they do not posses what it takes to be a successful entrepreneur. The truth is that anyone with a blend of good idea, the right sum of funds and creativity can make enormous changes in the business world.
Team skill and competency possession:
The new venture is no less than a challenge. The strength of the team in turn strengthens the business as a whole. Some of the attributes and potentials the team possesses are;
• They have a specific vision and they strive to make it reality.
• They have a team which gets along with each other and work in harmony.
• Each member is an expert in their field of knowledge, like for example the chefs are the best in cooking; the administration is handled by graduates with good experience in the field and management knowledge, etc.
• They are quick in taking decisions.
• They evaluate their new changes and adapt to any change which is necessary.
• They are good risk management team.
• They own the prospective to transform opportunity into reality.
• They are not only trained but also train new people to follow the goals of the industry.
Conclusion:
The team has the potentials to run a new venture to a victorious firm.
Technology Ventures: From Idea to Enterprise 4th Edition by Thomas Byers,Richard Dorf ,Andrew Nelson
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