Post-Bac
2
2
INTRODUCTION
entrepreneurship
Définition
Crowdfunding VS business angel
Crowdfunding : is a way to raising money to finance projects and businesses. Collect small amounts of money from a large number of people via online platforms
Business angel : people who invest their money in the initial phase of startups, in exchanges for a participation in capital. They are a role of mentor and offer their consent and their experience to entrepreneurs.
Venture capital VS growth equity
Venture capital : early stage operating companies with unproven business models, invest in a multiple early stage companies within an industry/sector and invest in companies with undefined future capital requirements
Growth equity : invest in mature companies with proven business models, invest in the perceived market leader within the industry/sector and limited or no future capital requirements to achieve profitability potential
Startup VS Scaleup
Startup : "is a temporary organization designed to search for a repeatable and scalable business model". - Steve BLANK
Startup = unvalidated business model and high growth ambition and very scalable business model
Scaleup = market validated business model and high growth ambition and very scalable business model
Small business = market validated business model and low growth ambition and/or non scalable business
Invention VS innovation VS creativity
Invention : the process of converting intellectual thoughts into a tangible new artefact (product or process) and ideas are not inventions.
Innovation : renewed or altered; innovation = theorical conception + technical invention + commercial exploitation. An innovation can also a product like a service, important to change a lot of things.
Creativity : is a process of developping novel and useful ideas.
DIVERGENTS VS CONVERGENTS THINKINGS :
* Divergent : generate options/ideas
* convergent : select the quality of the options/ideas
Entrepreuneurship
"The pursuit of opportunity beyond the ressources you currently control" - Howard STEVENSON, director of the Arthur Rock Center at HARVARD BS
ENTREPRENEURS :
- The concept of entrepreneur come from of the French word "entreprendre". "One who undertakes" -> is a "manager".
- Th word "entreprendre" come from of " celui qui entreprends" qui se traduit par "the one who get things done".
- The economist Lester THUROW writes "entrepreneur ... bring the new technologies and the new concepts into active commercial use". -> They are the change agents of capitalism.
SCHUMPETER'S VIEW OF ENTREPRENEURS :
- innovation and creativeness distinguished entrepreneurs that other people
- innovation and and entrepreneurship is interwoven
- entrepreneur is in the very center of business
- entrepreneurs create " a cluster of innovation" because create the causes of business cycles because create disruptive dislocations and arrive in huge waves
DR Sally CAIRD (Duram University) identifies 5 components of entrepreneurs :
- need for achievement : wanting to be a winner
- need for autonomy : wanting to answer to oneself, do things one's own way
- creative tendancy : able to come up with novel solutions to problems, to see things in a new way
- propensy to take a risks : calculating the chances then taking the gamble
- an internal locus of control
ENTREPRENARIAL OPPORTUNITIES VS LEVEL OF RISKS :
- Starting a business = high risk
- buying a business = medium risk
- opening a franchised business = medium risk
BUSINESS MODEL :
A good business model according to Peter DRUCKER :
- who is the customer
- what does the customer values
- how do we make money in the business
- what is the underlying economic logic that explains how we can deliver value to customers at an appropriate cost
BUSINESS PLAN :
- is a written description of your business's future
- what you plan to do and how you plan to do
- used by convince a potential investors
- used by firms to attract key employees, prospect for new business, deal with suppliers
- can vary a lot
Post-Bac
2
2
INTRODUCTION
entrepreneurship
Définition
Crowdfunding VS business angel
Crowdfunding : is a way to raising money to finance projects and businesses. Collect small amounts of money from a large number of people via online platforms
Business angel : people who invest their money in the initial phase of startups, in exchanges for a participation in capital. They are a role of mentor and offer their consent and their experience to entrepreneurs.
Venture capital VS growth equity
Venture capital : early stage operating companies with unproven business models, invest in a multiple early stage companies within an industry/sector and invest in companies with undefined future capital requirements
Growth equity : invest in mature companies with proven business models, invest in the perceived market leader within the industry/sector and limited or no future capital requirements to achieve profitability potential
Startup VS Scaleup
Startup : "is a temporary organization designed to search for a repeatable and scalable business model". - Steve BLANK
Startup = unvalidated business model and high growth ambition and very scalable business model
Scaleup = market validated business model and high growth ambition and very scalable business model
Small business = market validated business model and low growth ambition and/or non scalable business
Invention VS innovation VS creativity
Invention : the process of converting intellectual thoughts into a tangible new artefact (product or process) and ideas are not inventions.
Innovation : renewed or altered; innovation = theorical conception + technical invention + commercial exploitation. An innovation can also a product like a service, important to change a lot of things.
Creativity : is a process of developping novel and useful ideas.
DIVERGENTS VS CONVERGENTS THINKINGS :
* Divergent : generate options/ideas
* convergent : select the quality of the options/ideas
Entrepreuneurship
"The pursuit of opportunity beyond the ressources you currently control" - Howard STEVENSON, director of the Arthur Rock Center at HARVARD BS
ENTREPRENEURS :
- The concept of entrepreneur come from of the French word "entreprendre". "One who undertakes" -> is a "manager".
- Th word "entreprendre" come from of " celui qui entreprends" qui se traduit par "the one who get things done".
- The economist Lester THUROW writes "entrepreneur ... bring the new technologies and the new concepts into active commercial use". -> They are the change agents of capitalism.
SCHUMPETER'S VIEW OF ENTREPRENEURS :
- innovation and creativeness distinguished entrepreneurs that other people
- innovation and and entrepreneurship is interwoven
- entrepreneur is in the very center of business
- entrepreneurs create " a cluster of innovation" because create the causes of business cycles because create disruptive dislocations and arrive in huge waves
DR Sally CAIRD (Duram University) identifies 5 components of entrepreneurs :
- need for achievement : wanting to be a winner
- need for autonomy : wanting to answer to oneself, do things one's own way
- creative tendancy : able to come up with novel solutions to problems, to see things in a new way
- propensy to take a risks : calculating the chances then taking the gamble
- an internal locus of control
ENTREPRENARIAL OPPORTUNITIES VS LEVEL OF RISKS :
- Starting a business = high risk
- buying a business = medium risk
- opening a franchised business = medium risk
BUSINESS MODEL :
A good business model according to Peter DRUCKER :
- who is the customer
- what does the customer values
- how do we make money in the business
- what is the underlying economic logic that explains how we can deliver value to customers at an appropriate cost
BUSINESS PLAN :
- is a written description of your business's future
- what you plan to do and how you plan to do
- used by convince a potential investors
- used by firms to attract key employees, prospect for new business, deal with suppliers
- can vary a lot
Notre adresse email
Télécharger notre application
