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ENTREPRENEURSHIP

ENTREPRENEURSHIP. VENTURE LIFE CYCLE By: Elisante Ole Gabriel (Tanzania) egabriel@edenconsult.net , www.olegabriel.com +255-784-455-499. Key Issues about the Venture Cycle. There are static and dynamic forces which need a special attention of the entrepreneur

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ENTREPRENEURSHIP

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  1. ENTREPRENEURSHIP VENTURE LIFE CYCLE By: Elisante Ole Gabriel (Tanzania) egabriel@edenconsult.net, www.olegabriel.com +255-784-455-499

  2. Key Issues about the Venture Cycle • There are static and dynamic forces which need a special attention of the entrepreneur • Entrepreneur needs to manage for changes and not changes • The growth stage of the venture is more sophisticated with competition and dilemmas • At a certain stage, you need to decide whether to do more innovation or allow decline

  3. Stages of the VC - Model There are five key stages (just typical) • New Venture Development • Start-up Activities • Growth of the Venture • Stabilization • Innovation or Decline

  4. New venture dvt Stage • Creativity and assessment • Resource base analysis • Networking including vertical marketing • Vision, Mission, Objectives, Strategies & Tactics

  5. Start-up Stage • Formal Business plan • Searching for capital (Analyse the risks) • Marketing research • Developing a working team • Identifying any core competencies for Competitive Advantage

  6. Growth Stage • Any modification on he operating strategy • Positioning and re-positioning • Knowing more details about he competitors (Survival of the fittest)

  7. Stabilization Stage • Increased competition • High bargaining power of customers • Saturation of the market • The entrepreneur needs to think where will the business be in the near future • It is a stage preceding a great dilemma: to innovate or exit the business

  8. Finally Innovation or Decline? stage • Without innovation the clear option is ‘death’ • Possibility of acquiring or being acquired • Might design new products for new markets (Diversification) Conclusion ALL STAGES ARE STRATEGIC POINTS OF THE VENTURE HENCE A NEED FOR SPECIFIC STRATEGIES FOR EVERY STAGE!

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