Presentation on theme: "Focus on Opportunity 2003,3,4. Building on Strength Three approach to make business effective 1. He can start with a model of the “ideal business” which."— Presentation transcript:
Focus on Opportunity 2003,3,4
Building on Strength Three approach to make business effective 1. He can start with a model of the “ideal business” which would produce maximum results from the available markets and knowledge. The rise of General Motors: design by Alfred P. Sloan,Jr. Five model will cover the (car) market
Building on Strength 2. He can try to maximize opportunities by focusing the available resources on the most attractive possibilities and devoting them to obtaining the greatest possible results. What are the opportunities for the greatest economics results? Werner von Simens-electric generator –electric power industry Thomas A. Edison-light bulb-light industry
Building on Strength 3. He can maximizes the resources so that those opportunities are found-if not created-that endow the available high-quality resources with the greatest possible impact. How the Rothschilds grew? (1790) Meyer Nathan-London, James-Paris, Salmon-Vienna, Amschel-Center of the family, Kalman do nothing.
Find the Business Potential “Opportunity is where you find it”. It does not say:”… where it find you.”
Find the Business Potential Vulnerability as an Opportunity American steel industry, paper or plastic, Commercial bank.
Find the Business Potential Turning Weaknesses into Strengths A living business is always in a state of imbalance. Chronic imbalance, the business of wrong size.
Find the Business Potential What are we afraid of? (1950) American railroads-automobile, truck, and airplane. American life insurance-mutual investment Department store-discount stores
Find the Business Potential What comprises with what we claim to be harmful to our business are we already making? Are there actually harmful? Or do we benefit? It is no always possible to convert threats into opportunities. But it is more likely that a threat can be converted into an opportunity than it can be averted. It is more profitable to take a new trend than to fight it.
Making the Future Today We know only two things about the future: 1. It cannot be know. 2. It will be different from what exists now and from what we now expect.
Making the Future Today Any attempt to base today’s actions and commitments on predictions of future events is futile. The best we can hope to do is to anticipate future effects of events which already irrevocable happed. To try to make the future happen is risky; but it’s rational activity. And it’s less risky than coasting along on the comfortable assumption that nothing is going to change.
Following a prediction as to what “must” happen or what is “most probable”
Anticipate the future that has already happen Making the future happen
The Entrepreneurial Economy Systemic Entrepreneurship Entrepreneurship is neither a science nor an art. It is a practice. Seven Sources for innovative Opportunity