同源大学 TONGJI UNIVERSITY Opportunities in China Dr.Pan Xuan School of Economics and Management Tongji University
Opportunities in China Dr. Pan Xuan School of Economics and Management Tongji University
Q:The process of new The Timmons Model of the Entrepreneurial Process venture creation starts from: Creativity a. Money b. Strategy Opportunity resources d opportunity Network 9 Team Business Plan f Business Plan Fits and Gaps Ambiguity Exogenous Forces Leadership The shape,size and depth of communication Team the opportunity established the required shape,size,and Uncertainty Capital Market Context depth of both the resources and the team. Sustainability:For Environment,Community,and Society Entrepreneurial Process and the Timmons Model Tong ji University
Entrepreneurial Process and the Timmons Model The Timmons Model of the Entrepreneurial Process opportunity Q: The process of new venture creation starts from: a. Money b. Strategy c. Opportunity d. Network e. Team f. Business Plan The shape, size and depth of the opportunity established the required shape, size, and depth of both the resources and the team. communication resources Business Plan Fits and Gaps Team Ambiguity Creativity Exogenous Forces Leadership Uncertainty Capital Market Context Sustainability: For Environment, Community, and Society
同濟大学 TONGJI UNIVERSITY Definition of Opportunity Summary of Opportunity Spawners and Drivers What will be the main changes In China? Opportunities for Start-up:The world's most intriguing consumer market
Definition of Opportunity Summary of Opportunity Spawners and Drivers What will be the main changes In China? Opportunities for Start-up: The world's most intriguing consumer market
同濟大学 TONGJI UNIVERSITY Definition of Opportunity Definition of Opportunity Has the qualities of being attractive,durable,and timely and is Opportunity anchored in a product or service,which creates or adds value for its buyer or end user. A Good Idea is not Necessarily a Good Opportunity For every 100 ideas presented to investors in the form of a business plan or proposal,usually few than_4get funded. ·More than 80 of those rejections occur in the first few hours;another 10-15 are rejected after investors have read the business plan carefully. ·Fewer than 10 attract enough interest to merit a more due diligence thorough review that can take several weeks or months
• Fewer than _______% attract enough interest to merit a more due diligence thorough review that can take several weeks or months. • More than ______% of those rejections occur in the first few hours; another _____________% are rejected after investors have read the business plan carefully. Definition of Opportunity Has the qualities of being attractive, durable, and timely and is anchored in a product or service, which creates or adds value for its buyer or end user. A Good Idea is not Necessarily a Good Opportunity • For every 100 ideas presented to investors in the form of a business plan or proposal, usually few than ______ get funded. Opportunity 4 80 10-15 10 Definition of Opportunity
同濟大学 Summary of Opportunity Spawners and Drivers... TONGJI UNIVERSITY Summary of Opportunity Spawners and Drivers... Role of Change/Chaos/ Opportunity Creation Discontinuity Cellular,airlines,insurance,telecommunications,medical, Regular changes pension fund management,financial service,banking. tax and SEC laws,new societal and/or environmental standards and expectations Moore's law---computer chips double productivity every 10-fold change in 10 yeas or 18 months:financial service,private equity, less consulting,internet,biotech,information age, publishing Reconstruction of value chain Superstores ---Staples,all publishing:autos;internet and channel of distribution sales and distribution of all service Proprietary or contractual Technological innovation:patent,license,contract. advantage franchise,copyrights,distributorship
Summary of Opportunity Spawners and Drivers... Role of Change/Chaos/ Discontinuity Regular changes Opportunity Creation Cellular, airlines, insurance, telecommunications, medical, pension fund management, financial service, banking, tax and SEC laws, new societal and/or environmental standards and expectations 10-fold change in 10 yeas or less Moore’s law --- computer chips double productivity every 18 months: financial service, private equity, consulting, internet, biotech, information age, publishing Reconstruction of value chain and channel of distribution Superstores --- Staples, all publishing; autos; internet sales and distribution of all service Proprietary or contractual advantage Technological innovation: patent, license, contract, franchise, copyrights, distributorship Summary of Opportunity Spawners and Drivers