chap04 - Technology Ventures : From Idea to Opportunity...

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Unformatted text preview: Technology Ventures : From Idea to Opportunity Chapter 4: Summary Praise competitors. Learn from them. There are times when you can cooperate with them to their advantage and to yours. George Mathew Adams How can ventures create a strategy to fit the new business opportunity? Every new venture has a strategy or approach to achieve its goals. The strategy is developed using the business model, an understanding of the industry, and the context and the key factors for success. Summary Technology Ventures : From Idea to Opportunity Chapter 4: concept A strategy is a plan or road map of the actions that a firm or organization will take to achieve its mission and goals, but it is not static. Technology Ventures : From Idea to Opportunity Chapter 4: Table 4.1 The Management Process for Developing a Strategy 1. Develop the vision and mission statement, and business model. 2. Describe the firm's core competencies, its customers, and its competitive advantage. 3. Describe the industry and context for the firm and describe the competitors. 4. Determine the firm's strengths and weaknesses in the context of the industry and environment....
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This note was uploaded on 04/10/2012 for the course ENGR 112 taught by Professor Bristow during the Spring '11 term at UCLA.

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chap04 - Technology Ventures : From Idea to Opportunity...

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