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Week%201 - BusinessandNew VenturePlanning Week1...

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 1 Business and New Venture Planning Week 1 Why Write Business Plans?
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 2 Course Components n Lecture n Research n Discussion n Team work n Assignments 
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 3 Weekly Discussion Board n Questions/comments posted to  WebCT discussion board n Be sure to post n Quality and quantity  will be tracked
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ePortfolio n Upload at end of term: n Your final business plan and a  reflection on it (what you learned, how  you felt about working in the team,  etc.) n All those who came to Drexel Fall  2006 or later n Part of online participation grade  4
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 5 Team Assignments n Business idea, feasibility n Table of contents and survey n Marketing and sales plan; draft of  final plan n Financials n Final business plan
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 6 Grading Online Activity 10% Class Participation 10% Interim Team Assignments 40% Final Business Plan 40%
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 7  7 MGMT 260 vs MGMT 365 n Survey Course n Mile wide and an inch deep n Highly choreographed format n Business Feasibility Study   n In principle, limited to the  investigation of new-to-the-world  one-product businesses n Nuts and Bolts n Deeper coverage of most  important issues n Lab/Studio format n Business Plan   n In principle, any kind of business  concept will suffice as long as it is  grounded in current reality. MGMT 260 MGMT 365
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Introductions n Name n Major n If you already have a business idea,  and what that is n What you are particularly good at  8
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n Let’s form teams!  9
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Entrepreneurship Entrepreneurship is a mindset  or way of thinking that is opportunity- obsessed , innovative, and growth-oriented.  Entrepreneurs recognize opportunity, gather the resources  required to act on the opportunity, and drive the opportunity to  completion.   –  Entrepreneurship is a management style  that involves pursuing an  opportunity without regard to the resources currently controlled.  Entrepreneurs identify opportunities , assemble required  resources, implement a practical action plan, and harvest the  rewards in a timely, flexible way.
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Difference Between an Idea and an Opportunity Product or Service People AND Organization Market Resources AND Capital Opportunity Recognition Pursuit of Opportunity
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This note was uploaded on 03/16/2012 for the course OPM 325 taught by Professor Ruodu during the Spring '12 term at Drexel.

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Week%201 - BusinessandNew VenturePlanning Week1...

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