Week 5(21/3/2013)__KEE120053

BUSINESS OPPORTUNITIES

This is the topic of this week entrepreneur class. It consists of several issues which are:
(1) Definition of Opportunities
New ideas that generated from innovation process which can establish new business.

(2)How business opportunity appear? 
(a) Require new product to solve problem
(b) Existing product unable to solve problem

(3) 3 process of identifying, evaluation and choosing opportunity
(a) Analyse environment & market(customer's need)
(b) Evaluate self-competency, social needs and analyse business idea
(c) Choose and set up the business  

The feeling of I about this week's lecture are:
(a) It is a good guidance for seeking business opportunity
(b) It make me clear about how to start a business
(c) There are many chance in our life but we may loss it all the time  
(d) Determination is needed for us to choose and set up new business  

Application for this lecture:
(a) Find the problem or customer's need
(b) Do research to ensure the opportunity work
(c) Evaluate whether this is my opportunity or not
(d) Choose and set up the business