A Trilogy On Entrepreneurship: Preparing for Entrepreneurship

A Trilogy On Entrepreneurship: Preparing for Entrepreneurship
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Описание книги

Book One, Preparing for Entrepreneurship, opens the curtains on A Trilogy on Entrepreneurship. As the title proclaims, Book One endeavors to take the entrepreneur through the step-by-step process of Opportunity Seeking, Opportunity Screening and Opportunity Seizing. The first step allows the entrepreneur to unravel the myriad possibilities in finding a good business venture by following any one of several proven methodologies. This is a creative and divergent thinking process. The second step evaluates the possibilities using logical and convergent thinking based on criteria deemed important by the entrepreneur. The third step enables the entrepreneur to focus on the critical variables that could make or break a business differentiate its products from competitors. To ensure success, the entrepreneur must validate the opportunity through rigorous Market Research and its accompanying Marketing Toolkits. Customer Profiling and Location Analysis are the two additional endeavors that entrepreneur must embrace. The first one enables the entrepreneur to target a specific and appropriate market segment while the second one chooses the best place for doing business and selling goods and services. Finally, Preparing for Entrepreneurship, delves into the systematic process of New Product Development.

Оглавление

Eduardo A. Morato Jr.. A Trilogy On Entrepreneurship: Preparing for Entrepreneurship

FOREWORD

Chapter One. Opportunity Seeking

Chapter Two. Opportunity Screening

Chapter Three. Opportunity Seizing

Chapter Four. Market Research

Chapter Five. Customer Profiling

Chapter Six. Location Analysis

Chapter Seven. New Product Development

Appendix. MARKETING TOOLKITS

No. 1 – SALES DATA MINING

No. 2 – FOCUS GROUP DISCUSSION

No. 3 – OBSERVATION RESEARCH

No. 4 – SURVEY RESEARCH

Отрывок из книги

Book One, Preparing for Entrepreneurship, opens the curtains on A Trilogy on Entrepreneurship. As the title proclaims, Book One endeavors to take the entrepreneur through the step-by-step process of Opportunity Seeking, Opportunity Screening and Opportunity Seizing. The first step allows the entrepreneur to unravel the myriad possibilities in finding a good business venture by following any one of several proven methodologies. This is a creative and divergent thinking process. The second step evaluates the possibilities using logical and convergent thinking based on criteria deemed important by the entrepreneur. The third step enables the entrepreneur to focus on the critical variables that could make or break a business venture and to craft a positioning statement that would differentiate the business and its products from competitors.

To ensure success, the entrepreneur must validate the opportunity through rigorous Market Research. In addition, Customer Profiling and Location Analysis are the two crucial research endeavors which the entrepreneur must embrace fully. The first one enables the entrepreneur to target a specific and appropriate market segment while the second one chooses the best place for doing business and selling products.

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Case Example: San Miguel Beer

San Miguel beer has won the hearts of its most avid customers. The company has long found out that their loyal customer base comprises only 18% of the drinking population but they consume 80% of the beer. These are young and old adult males who drink out together as a “barkada” or a closely-bonded group of friends. In fact, beer drinking probably helped to solidify the group through shared experiences and stories that get told and retold every drinking session. The ads of San Miguel have always emphasized the happy, rowdy, fun-loving barkada to etch an indelible imprint in the hearts of its loyal customers.

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