WorksheetsModule 1 GEEC 112
Total questions: 16
Worksheet time: 11mins
This refers to a clear blueprint in the entrepreneur’s mind.
Capital
Idea
Notion
Dream
The following are benefits of engaging in in entrepreneurship, except:
Employment opportunities
People empowerment
Mobilizes capital
Attract more attention
These are internal positives, resources or assets of the organization.
opportunities
business edge
strengths
competitive advantage
This refers to the organization’s assessment of internal and external environment specifically its strengths, weaknesses, opportunities and threats.
SWOT Analysis
Pestel Analysis
Environmental Scanning
Porter's Five Forces
The following are things we have to consider in preparing SWOT analysis
Simple
Consider your competitors
Be idealistic
Be specific
These are things that may be considered as internal negatives.
threats
weaknesses
business limits
weak points
It is a strong instrument in understanding latent profitability of the business which is made by a Harvard Professor in 1979.
Poter’s 5 forces
Porter’s 5 forces
Lopter’s 5 forces
Poter’s 5 forces
These are the external negatives that may hinder or inhibit the organizations from reaching its objective.
threats
risks
opportunities
weaknesses
The following are force that makes the competitive business environment except:
competitive rivalry
Threat to substitution
Political influences
Buyer’s power
In conducting an industry analysis, guide questions are adapted from the five forces model contributed by
Peter Drucker
Peter Porter
Michael Porter
Michael Drucker
(a) are external negatives that may hinder or prevent the organization from reaching its objectives.
(a) are external negatives that may hinder or prevent the organization from reaching its objectives.
(a) are the “internal positives” of the organization, the assets or valuable resources of the organization or the enterprise.
(a) are the factors that concentrates on government interferences in certain industry.
(a) factors that focus on the number of rivalry among existing competitors and how diverse the competition.
Enumerate five possible sources of business ideas.
