MGT 3111 notes

MGT 3111 notes - MGT3111 InternalLocusofcontrol...

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MGT 3111 18:42 Internal Locus of control You can validate your own iideas External locus of control Someone else has to validate your idea Pollyanna Everything is going to be ok mind set o Cant take constructive criticism  o o Bus trend analysis
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18:42 Feasible- going to be cash flow positive and probable  Main reasons business go under- under capitalized and not feasible  Critical factors that can limit your business  Lack of objectivity o No insight into the market(customer) o Is there a market No insight into market o Waited to long Inadequate understanding of technical requirements o Rushed o Has bugs Poor Financial plannign  Lack of uniqueness  o Competitive advantages o Differentiate  Its not easy to raise prices if you start out as the cheapest Ignorance of legal issues  3 phases of development pre start up
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18:42 start up o from start up until you have a positive cash flow
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This note was uploaded on 03/01/2011 for the course MGT 3111 taught by Professor Carter during the Spring '11 term at LSU.

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MGT 3111 notes - MGT3111 InternalLocusofcontrol...

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