Jhonathan 2301885106 “F” INDUSTRY AND COMPETITOR ANALYSIS Industr y is a economic activity concerned with the processing of raw materials and manufacture of goods in factories Industry analysis to know better about the industry and know better their competitor and knoww the pros and cons in the industry knows the industry that is favourable or not is it realistic will there be future innovation oe not how to prevent risk ? Industry and firm level factors yang mempengaruhi performance Firm-level factors Asset Pro duct culture Teawork in employees Reputa tion etc Industry-level factors New comers pressure Competition between compatitors Marketing strategy factor etc The five competitive force model uses know well the industry factors that influences profitability helping finding the average rate of return The five competitive forces model ...
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Session 3 and 4 summary Jhonathan 2301885106 INTRO TO ENTRE Opportunity is a favorable set of circumstances that creates a need for a new product, service or business. Where it has 4 main qualities which are attractive , timely , durable and also a business that adds value for their buyers . And to identify them there are 3 main way to identify which are observing trend , solving problem and finding gaps in the market place . Trends There are several types of trends in the market such as economic trend , social force , technological advances and also political action of regulation changes . Characteristics of an entrepreneur They must have prior experience , social network , creativity and also cognituive factors. Then what is creativity ? Creativity is the process of generating a novel or useful idea. Steps 1. Preparation 2. Incubation 3. ...