Corporate entrepreneurship
What is the definition of corporate entrepreneurship?
Corporate Entrepreneurship (Intrapreneurship) is a process used to develop new businesses, products, services or processes inside of an existing organization to create value and generate new revenue growth through entrepreneurial thought and action.
What is startup entrepreneurship?
Startups are founded by one or more entrepreneurs who want to develop a product or service for which they believe there is demand.
What are the five C’s of entrepreneurship? Credibility, clarity, conviction, capital, and concentration
credibility, clarity, conviction, capital and concentration
What is the problem you are trying to solve? And what is the starting point for its creation?
Great products solve a specific, difficult problem for their target users. Most entrepreneurs are good at identifying a potential user need, but that need must be proven to exist by proving that people are putting a lot of effort into using your product.
What is the role of a leader?
organizing, guiding, and managing others.
What is the use of corporate entrepreneurship?
develop new businesses, products, services or processes inside of an existing organization to create value and generate new revenue growth through entrepreneurial thought and action.
What is a startup issue?
poor planning, poor leadership, failure to differentiate a product or service from others that are already available, ignoring the needs of customers, and not learning from failures
What are the six P’s of entrepreneurship? product, price, place, promotion, people, and presentation
product, price, place, promotion, people, and presentation.
How big will your market be?
We must have a clear and definite quality of profitability at the beginning, or whether you enjoy high network effects in your business.
Are leaders expected to form others into leaders?
Leaders do not create followers, rather they create more leaders. An effective leader acknowledges the team members for a job well done, regardless of whether the team was able to completely reach the set goals, or not.
What are the risks of corporate entrepreneurship?
bankruptcy, financial risk, competitive risks, environmental risks, reputational risks, and political and economic risks.
How does marketing relate to starting up a business?
By promoting your product or service through marketing, your business will boost its sales and reach your target audience in new window considerably faster.
What is a value proposition? A statement that shows how your product improves your customer’s situation
A simple statement that clearly communicates the benefits of the product or service you promise to provide to your customers.
How can I break even or make a profit?
Some ideas require a large upfront investment, others do not. If your idea falls into the former category, while waiting for your product or service to be recognized, you'd better develop a plan that addresses how to handle the company's financial and day-to-day needs, etc.
Should leaders encourage creativity always?
leaders must actively encourage creativity and innovation through creating a more conducive environment for diversity to thrive.
What are the 4 elements of corporate entrepreneurship?
Opportunist, enabler, advocate and producer
What are some questions that investors ask startup entrepreneurs?
Why is now the right time to start the company?
What trends do you see in the market?
What is market segmentation? Process of dividing customers into groups based on common characteristics.
The process of dividing customers into groups based on common characteristics so that the company can effectively and appropriately market to each group.
Can you get paying customers in your target market to order a product based on a design or a physical model?
Product reservations are a sure sign of customer commitment. It has been said that it is one thing for a consumer to be interested and quite another to place an order. The latter is a much stronger signal of success.
Can someone be turned into a leader?
Ultimately, the answer is that both are true: a person can be born with natural leadership abilities, and someone can learn how to be a good leader.
What is an example of corporate entrepreneurship?
Kablee, an e-commerce platform for cables, and Cultifutura, a vertical farming solutions startup.
How do you avoid startup issues?
Walk in the shoe of the customer.
Unique proposition.
Effective calculations.
Invest in the right team.
Enhance leadership skills.
What is an elevator pitch? A 60 second presentation of your idea.
Whether you are presenting your business or pitch to someone in business, introducing yourself at a social event, you want to grab the other person's attention quickly when they may only give you 30-60 seconds, so you need to give a short, engaging, easy to grasp explanation of your company or product. The elevator pitch presentation is a very effective way or theory of expression or communication in today's business environment, it allows you to highlight your topic in as short a time as possible, make a memorable pitch in 30 seconds or less and achieve your desired goal.
What are your potential competitors?
Having competitors is not a bad thing; it means that this market does exist. That said, if a market is too competitive, or if the dominant brand has established a strong affinity with consumers, such a market will be difficult to enter, so it's important to understand what you're up against when you start a business.
Can someone decline to be a leader?
Some people lack the confidence to be a leader. Confidence is one of the most critical parts of being a leader.