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Assessment 2 : Opportunity Analysis and Development Report (Around 2000 words, Turnitin submission) In the unit, you learnt that entrepreneurs are individuals who recognize opportunities where others see chaos or confusion. They challenge the unknown and continuously create the future. In addition, potential entrepreneurs are always looking for unique opportunities to fill needs or wants. They sense economic potential in business problems by continually asking ‘ if only they…’, “what if…?” or ‘ Why not…?” They develop an ability to see, recognize and create opportunity where others find only problems. Document Preview:

BUS203 Entrepreneurship and Venture Capital Report and Presentation Assessment Type 2 and 3 Assessment Number Opportunity Analysis and Development Assessment Name 1) to 6) Unit Learning Outcomes Assessed Assessment 2 : 27.09.2018, Week 11, 23.00 submission of Moodle Due Date and Time Assessment 3 : 27.09.2018, Week 11, In class presentation Assessment 2 Report 25%, Assessment 3 Presentation 10% Weighting Assessment 2 : Opportunity Analysis and Development Report (Around Assessment Description 2000 words, Turnitin submission) In the unit, you learnt that entrepreneurs are individuals who recognize opportunities where others see chaos or confusion. They challenge the unknown and continuously create the future. In addition, potential entrepreneurs are always looking for unique opportunities to fill needs or wants. They sense economic potential in business problems by continually asking ‘ if only they…’, “what if…?” or ‘ Why not…?” They develop an ability to see, recognize and create opportunity where others find only problems. Think about the following areas to get a sense of ideation and initial concept: 1) Look for new niches. Your next business idea doesn’t have to reinvent the wheel. Can you build a better mousetrap? 2) Apply your skills to an entirely new field. Think about your skills and whether they might be useful in a new area? 3) Find a category lacking recent innovations. Revisit Module 2 on Innovations. 4) Make a cheaper version of an existing product. Companies often get their start by offering customers an existing product at a lower price. 5) Have an idea quota; write ideas down. You need to be as tenacious as you can with this. Every day, set out an idea quota within a period of roughly 45 minutes to an hour, where you do nothing but write down ideas about the area that interests you. 6) Creative Mind Tools such as brainstorming – a method for obtaining new ideas focusing on the…

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BUS203-EVC-As….pdf