This document provides a syllabus for an Entrepreneurial Development course. It outlines 4 units that will be covered: (1) entrepreneur traits and types, (2) competing theories of entrepreneurship and entrepreneur development programs, (3) entrepreneur motivation and behavior, and (4) searching for business ideas and preparing feasibility reports. The syllabus also includes sample questions that will be asked to assess students, focusing on defining key terms and explaining concepts covered in the various units.
Franchising involves allowing another business to use a company's successful business model, brand, and systems for a prescribed period in exchange for fees and royalties. There are three main types of franchises: business format franchises which provide an entire business model to franchisees like fast food restaurants; product franchises which allow retailers to sell a manufacturer's products; and manufacturing franchises which grant manufacturers the rights to produce and sell goods using a company's brand. Franchising provides benefits to both franchisors through rapid expansion with low capital investment, and franchisees through operating an established business with supported training and ongoing assistance.
new Venture development and venture capitalVinay Kumar
?
New venture development refers to the early stages in a business's lifecycle when a new business is being evaluated and created. It involves several stages from formulation of the new venture through growth, stabilization, and either innovation or decline. Successful new ventures require sound market analysis, sufficient financing, finding a niche, and a workable marketing plan. However, they also face risks of failure from issues like insufficient capital, poor planning, competition, and legal problems. Despite challenges, new ventures can provide benefits like independence, financial opportunities, job creation, and innovation. Venture capital provides an alternative source of funding for entrepreneurs who need support to grow but lack sufficient money or access to public funding.
Corporate social responsibility (CSR) refers to a company's responsibility to consider the interests of society through its activities and business relationships. CSR includes improving the quality of life of employees and their families as well as the local community and society. While primarily associated with businesses, activist groups and communities can also demonstrate social responsibility. Social auditing is a tool used to evaluate how well a company has fulfilled its social responsibilities and identify areas for improvement.
Success Failure and Principles of Competitive SuccessSudhir Bisht
?
Partial notes on BBA 205 course for students of IP University (Delhi) and anyone who wants a beginner's level knowledge.
Citations are reflected in the slides.
This document discusses entrepreneurship development programmes (EDPs) in India. It outlines the importance of training for entrepreneurs and various training methods used in EDPs. EDPs are designed to encourage self-employment by providing training and motivation to potential and existing entrepreneurs. The phases of a typical EDP include selecting areas for focus, conducting feasibility studies, identifying and training entrepreneurs, and providing follow-up support. Several government organizations provide EDPs in India, including the Entrepreneurship Development Institute of India, National Institute for Entrepreneurship and Small Business Development, Small Industries Service Institutes, and the National Small Industries Corporation.
This document discusses distribution channels and their types. It defines distribution channels as the route by which products flow from production to consumption. Distribution channels can be conventional or non-conventional. Conventional channels involve independent intermediaries while non-conventional channels involve vertically or horizontally integrated systems. Common conventional channels include direct channels from manufacturer to consumer, and indirect one-level, two-level, or multi-level channels involving intermediaries like wholesalers or retailers. Non-conventional channels include vertical systems where manufacturers own distributors, and horizontal systems with strategic partnerships. The document also discusses industrial distribution channels.
This document discusses entrepreneurship and entrepreneurial development. It covers the following key points in 3 sentences:
The document defines what an entrepreneur is and outlines some of their key functions and characteristics, which include taking risks, perceiving opportunities, organizing resources, and creating value. It also discusses the importance of entrepreneurship for economic development and job creation. Various challenges faced by entrepreneurs are outlined, along with strategies needed to build entrepreneurial capacity, such as ensuring access to skills, capital, and networking opportunities.
Direct marketing involves communicating directly with customers to generate a response or transaction. It has grown significantly due to factors like the expansion of the postal service, rise of credit cards, and changing lifestyles. Direct marketers develop databases to segment and target customers. They use various media like mail, telemarketing, and catalogs. The goal is often to directly elicit a behavior like a purchase. Combining direct marketing with other promotional tools can improve results.
This infographic shows the evolution of market segmentation, its benefits and
potential pitfalls and how it serves as the foundation of any marketing strategy. It
also offers an in-depth, six-step guide to help organizations get started.
This document discusses dividend policies, including the meaning of dividends, types of dividend policies, and factors that influence dividend decisions. It explains that dividends refer to the portion of company profits distributed to shareholders. The dividend policy determines how earnings are divided between payments to shareholders and retained earnings. Key factors that influence dividend decisions include stability of earnings, financing needs, liquidity, growth requirements, and legal obligations. The document also outlines different forms of dividends, including cash, stock, and scrip dividends.
The document discusses factors that influence a company's product mix, including changes in market demand, cost considerations, competitors' actions, production influences, and marketing efforts. It also outlines objectives and benefits of product mix such as sales growth and stability as well as profits. Finally, it lists some product mix strategies companies can employ like expanding or contracting their product lines, altering existing products, and trading up or down to different price points.
Department of Management-
Positioning is the act of designing the company’s offering and image to make a distinctive place in the mind of the target market or consumer.
,positioning ,process of positioning ,attributes based positioning ,physical characteristics ,types of positioning ,competitors‘ based positioning ,product class ,the cultural symbol approach ,types of positioning errors
Companies typically pay dividends to shareholders in cash. Sometimes they supplement cash dividends with bonus shares or stock dividends. When paying cash dividends, companies must have sufficient cash reserves. If reserves are low, companies may need to borrow funds. Companies that follow a stable dividend policy must prepare cash budgets to ensure they can consistently pay dividends. Bonus shares increase the number of outstanding shares but do not affect total shareholder wealth. They provide tax benefits to shareholders and allow companies to conserve cash. A share split increases the number of outstanding shares by reducing the par value but does not change total shareholder equity or wealth.
The document provides an overview of buyer behaviour topics for a marketing course. It defines consumer behaviour and discusses key concepts like the consumer decision-making process, factors that influence consumer behaviour, and different types of buying decisions. It also compares consumer markets to business-to-business markets, outlining similarities and differences in models of buyer behaviour and the buying process for each. The summary highlights the key topics covered in the reading.
The document outlines the 8 stages of new product development: 1) Idea generation, 2) Idea screening, 3) Concept development and testing, 4) Marketing strategy development, 5) Business analysis, 6) Product development, 7) Test marketing, and 8) Commercialization. It describes each stage in the process and notes that new product development requires significant investment but is necessary for a firm's survival as new products are their means of growth. The overall process transforms product ideas into commercially viable products through evaluation, testing, and market launch.
The document discusses the marketing mix, which refers to the set of controllable marketing tactics used by a company. The traditional marketing mix includes the 4Ps - Product, Price, Place (distribution), and Promotion. Some expand this to the 7Ps by adding People, Physical Evidence, and Process. The marketing mix involves determining the right product to meet customer needs, setting the proper price, making the product available in the right places, and promoting it effectively to potential customers. A company must consider internal and external factors that influence how it sets its marketing mix strategies.
ESSENTIALS OF EFFECTIVE BUDGETARY CONTROL IN MANAGEMENT ACCOUNTINGSahil Nagpal
?
An effective budgetary control system requires: well-defined objectives that are specific and clear; goals that are achievable and realistic, not illusory; and optimization rather than maximization of profit. It also requires support from all levels of the organization, conjunction with standard costing systems, participative management across levels, education of those responsible for budgets, timely reporting of actual performance and deviations, and cost-benefit analysis to ensure benefits exceed costs.
The key components of an MIS include internal records systems, marketing intelligence systems, and marketing research systems. An MIS supplies three types of information on a recurring, monitoring, and requested basis to help marketing managers identify problems and make decisions. Sources of information come from both internal sources like sales and cost analysis as well as external sources. The importance of an MIS is that it allows companies to anticipate customer demand, take a systematic approach, analyze competition, and understand consumers in order to inform strategic planning.
This document discusses the key elements of marketing mix. It defines marketing mix as the set of marketing tools used by a firm to achieve its marketing objectives for a target market. The four main elements, or the "four P's", of a marketing mix are Product, Price, Place, and Promotion. The document explains each of these elements in detail and how firms can develop strategies around product assortment, pricing methods, distribution channels, and promotional activities to satisfy customer needs. Uncontrollable external factors that also influence marketing are also outlined.
The document compares and contrasts entrepreneurs and managers in 3 key areas:
1. Entrepreneurs take on risks as owners and innovators, while managers are employees who do not accept risks. Entrepreneurs' objectives are to create and innovate, while managers implement plans and create routines.
2. Entrepreneurs view mistakes as learning experiences, while managers try to avoid mistakes. Entrepreneurs are motivated by building a business, while managers are motivated by salaries and bonuses.
3. Entrepreneurs are generalists who know a little about many areas of business, while managers specialize in management. Entrepreneurs prioritize financial freedom, while managers prioritize job security
Ruchika Kulshrestha defines consumer decision making as a process of gathering and evaluating information to select the best option to solve a problem or make a purchase choice. The consumer decision making process involves several steps: recognizing a problem or need, searching for information to address the need, evaluating alternatives, making a purchase decision, and evaluating the post-purchase experience. Key factors that influence the process include involvement level, attitudes, external stimuli, and feedback from other customers.
This document discusses entrepreneurship and entrepreneurial development. It covers the following key points in 3 sentences:
The document defines what an entrepreneur is and outlines some of their key functions and characteristics, which include taking risks, perceiving opportunities, organizing resources, and creating value. It also discusses the importance of entrepreneurship for economic development and job creation. Various challenges faced by entrepreneurs are outlined, along with strategies needed to build entrepreneurial capacity, such as ensuring access to skills, capital, and networking opportunities.
Direct marketing involves communicating directly with customers to generate a response or transaction. It has grown significantly due to factors like the expansion of the postal service, rise of credit cards, and changing lifestyles. Direct marketers develop databases to segment and target customers. They use various media like mail, telemarketing, and catalogs. The goal is often to directly elicit a behavior like a purchase. Combining direct marketing with other promotional tools can improve results.
This infographic shows the evolution of market segmentation, its benefits and
potential pitfalls and how it serves as the foundation of any marketing strategy. It
also offers an in-depth, six-step guide to help organizations get started.
This document discusses dividend policies, including the meaning of dividends, types of dividend policies, and factors that influence dividend decisions. It explains that dividends refer to the portion of company profits distributed to shareholders. The dividend policy determines how earnings are divided between payments to shareholders and retained earnings. Key factors that influence dividend decisions include stability of earnings, financing needs, liquidity, growth requirements, and legal obligations. The document also outlines different forms of dividends, including cash, stock, and scrip dividends.
The document discusses factors that influence a company's product mix, including changes in market demand, cost considerations, competitors' actions, production influences, and marketing efforts. It also outlines objectives and benefits of product mix such as sales growth and stability as well as profits. Finally, it lists some product mix strategies companies can employ like expanding or contracting their product lines, altering existing products, and trading up or down to different price points.
Department of Management-
Positioning is the act of designing the company’s offering and image to make a distinctive place in the mind of the target market or consumer.
,positioning ,process of positioning ,attributes based positioning ,physical characteristics ,types of positioning ,competitors‘ based positioning ,product class ,the cultural symbol approach ,types of positioning errors
Companies typically pay dividends to shareholders in cash. Sometimes they supplement cash dividends with bonus shares or stock dividends. When paying cash dividends, companies must have sufficient cash reserves. If reserves are low, companies may need to borrow funds. Companies that follow a stable dividend policy must prepare cash budgets to ensure they can consistently pay dividends. Bonus shares increase the number of outstanding shares but do not affect total shareholder wealth. They provide tax benefits to shareholders and allow companies to conserve cash. A share split increases the number of outstanding shares by reducing the par value but does not change total shareholder equity or wealth.
The document provides an overview of buyer behaviour topics for a marketing course. It defines consumer behaviour and discusses key concepts like the consumer decision-making process, factors that influence consumer behaviour, and different types of buying decisions. It also compares consumer markets to business-to-business markets, outlining similarities and differences in models of buyer behaviour and the buying process for each. The summary highlights the key topics covered in the reading.
The document outlines the 8 stages of new product development: 1) Idea generation, 2) Idea screening, 3) Concept development and testing, 4) Marketing strategy development, 5) Business analysis, 6) Product development, 7) Test marketing, and 8) Commercialization. It describes each stage in the process and notes that new product development requires significant investment but is necessary for a firm's survival as new products are their means of growth. The overall process transforms product ideas into commercially viable products through evaluation, testing, and market launch.
The document discusses the marketing mix, which refers to the set of controllable marketing tactics used by a company. The traditional marketing mix includes the 4Ps - Product, Price, Place (distribution), and Promotion. Some expand this to the 7Ps by adding People, Physical Evidence, and Process. The marketing mix involves determining the right product to meet customer needs, setting the proper price, making the product available in the right places, and promoting it effectively to potential customers. A company must consider internal and external factors that influence how it sets its marketing mix strategies.
ESSENTIALS OF EFFECTIVE BUDGETARY CONTROL IN MANAGEMENT ACCOUNTINGSahil Nagpal
?
An effective budgetary control system requires: well-defined objectives that are specific and clear; goals that are achievable and realistic, not illusory; and optimization rather than maximization of profit. It also requires support from all levels of the organization, conjunction with standard costing systems, participative management across levels, education of those responsible for budgets, timely reporting of actual performance and deviations, and cost-benefit analysis to ensure benefits exceed costs.
The key components of an MIS include internal records systems, marketing intelligence systems, and marketing research systems. An MIS supplies three types of information on a recurring, monitoring, and requested basis to help marketing managers identify problems and make decisions. Sources of information come from both internal sources like sales and cost analysis as well as external sources. The importance of an MIS is that it allows companies to anticipate customer demand, take a systematic approach, analyze competition, and understand consumers in order to inform strategic planning.
This document discusses the key elements of marketing mix. It defines marketing mix as the set of marketing tools used by a firm to achieve its marketing objectives for a target market. The four main elements, or the "four P's", of a marketing mix are Product, Price, Place, and Promotion. The document explains each of these elements in detail and how firms can develop strategies around product assortment, pricing methods, distribution channels, and promotional activities to satisfy customer needs. Uncontrollable external factors that also influence marketing are also outlined.
The document compares and contrasts entrepreneurs and managers in 3 key areas:
1. Entrepreneurs take on risks as owners and innovators, while managers are employees who do not accept risks. Entrepreneurs' objectives are to create and innovate, while managers implement plans and create routines.
2. Entrepreneurs view mistakes as learning experiences, while managers try to avoid mistakes. Entrepreneurs are motivated by building a business, while managers are motivated by salaries and bonuses.
3. Entrepreneurs are generalists who know a little about many areas of business, while managers specialize in management. Entrepreneurs prioritize financial freedom, while managers prioritize job security
Ruchika Kulshrestha defines consumer decision making as a process of gathering and evaluating information to select the best option to solve a problem or make a purchase choice. The consumer decision making process involves several steps: recognizing a problem or need, searching for information to address the need, evaluating alternatives, making a purchase decision, and evaluating the post-purchase experience. Key factors that influence the process include involvement level, attitudes, external stimuli, and feedback from other customers.
Introduction to the pharmaceutical market and practiceWayne Wei
?
As a lecturer for "Basic Principles of Drug Discovery and Development" for Department of Life Sciences, National Central of University for two years.
In charge of "Introduction to the pharmaceutical market and practice".
This document provides an overview of the pharmaceutical market and industry analysis. It discusses key topics such as the product life cycle, competitive strategies, value and pricing, and marketing strategies. Specific content includes descriptions of the pharmaceutical industry landscape, regulations, R&D processes, major therapeutic areas, spending trends, competitor types, strategic alliances, and valuation methods. Evaluation models like PEST analysis, Porter's five forces, and the 3C framework are also introduced for analyzing the industry environment and competition.
Speech for ITIer on 2/10/2015 to introduce scope of BIO industry, especially for pharmaceutical industry.
In the next session, a brief introduction to Drug Development and Drug Marketing.
Finally, the career opportunities which maybe suitable for a international business talents are concluded.
Introducing four programs, Fast Track, Breakthrough, Accelerated Approval, Priority Review which are about facilitating and expediting new drug developments for curing or improving unmet medical needs.
Introducing how a pharmaceutical business development manager think about pharmaceutical business and how to entry a new country with local distributors and health agencies.
REHABA Program (Rehabilitation Business Administration program)Wayne Wei
?
My Proposal for enhancing rehabilitation staff's business sense and knowledge for surviving and winning in this uncertain healthcare environment.
The course is flexible in teaching hours and contents in seven modules which are basic, environment, quality, marketing, innovation, human resource, and financial management.
A summary for Relational Coordination, an emerging method to enhance the organizational coordination and let all the staffs of Healthcare team can aim on delivering superior medical service to the patient under well-controlled cost.
It is believed that Relational Coordination could be a solution to current problems of Healthcare industry form the dilemma of quality and cost concerns.
An automated external defibrillator (AED) can save lives during sudden cardiac arrest by restoring the heart's normal rhythm through defibrillation. AEDs are easy to use as they provide automated voice instructions to guide the user through the process without requiring training. To operate an AED, one should first check if the victim needs CPR and then turn on the AED, apply its pads to the victim's bare chest, and follow any voice instructions without touching the person until paramedics arrive.
The document discusses a lecture on project management. It provides an overview of the 9 knowledge areas and 44 project processes from the PMBOK. The knowledge areas covered are integration, scope, time, cost, quality, human resources, communication, risk, and procurement. For each knowledge area, the key processes involved are summarized. The document also provides a diagram mapping the project lifecycle stages of initiating, planning, executing, monitoring/controlling, and closing to the interactions between the customer, project manager, and project team.
A strategic analysis and SWOT approach to demonstrate the decision pathway, business deployment and action plan of a promising type of healthcare business.