Friday, March 22, 2013

Week 5 (21 March 2013) KEE120047

During week 5 , i was exposed to the topic: Business and Opportunities during my entrepreneur class.

Our objectives are to identify business opportunities , evaluate and choose viable & profitable business opportunities.

There are many environmental and market factors:
1. Demographic Change
2. Psychographic Change
3. Import and export data regarding demand and supply of products or services in market & identifying opportunities.
4. Provision of local and technological sources.
5. Relationship between industries.
6. Private & govt. projects.
7. Laws and procedures of local govt.
8. Social responsibilities and problems.
9. Info Technology and Communication.
10. Globalisation a proactive catalyst and stiff competition
11. E-Commerce

In my opinion, I feel that our success has really been based on partnerships from the very beginning.

I will apply those knowledge if i have my opportunity to join to the business community and start my career.^^xD

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