STRATEGIC INNOVATION FOR ENTREPRENEURS

//STRATEGIC INNOVATION FOR ENTREPRENEURS
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Entrepreneurship is not just about starting, owning or being involved in a business. It is also about identifying good opportunities and then creating, communicating, and capturing value from those opportunities, including innovation in a corporate context.

Entrepreneurs require the knowledge and skills needed to manage the development of innovations, to recognize and evaluate potential opportunities to monetize these innovations, to plan specific and detailed methods to exploit these opportunities, and to acquire the resources necessary to implement these plans hence the need for this training.

This course will help participants use innovation as a competitive advantage because world-class operational performance alone is not enough to create sustained competitive differentiation in any industry. Just the same way certain plants will not grow in certain regions because the climatic and physical conditions are not suitable.

Learning Outcomes
At the end of this training, participants will be able to:

  • Describe the processes by which innovation is fostered, managed, and commercialized.
  • Spot new business opportunities in the environment, whether by recognition, development, or creation.
  • Effectively and efficiently evaluate the potential of new business opportunities.
  • Assess market potential for a new venture, including customer need, competitors, and industry attractiveness.
  • Develop a business model for a new venture, including revenue, margins, operations, working capital, and investment.
  • Develop a compelling sales pitch to acquire financing necessary to a new venture.
  • Think critically and creatively about the nature of business opportunities, resources, and industries.
  • Explain the operational implications of common terms and conditions for early-stage investment deals.
  • Describe the process by which new ventures are created and launched.
Training Highlights
  • Develop a plan for implementing entrepreneurial activities in a globalized and competitive environment.
  • Discuss what is meant by entrepreneurship and innovation from both a theoretical and practical perspective.
  • Learn how to perceive opportunity, manage risk, organize resources and add value
  • Develop a practical framework for the design and implementation of a systematic innovation strategy.
  • Understanding the sources of innovation opportunities and development of the skills to identify and analyze these opportunities for entrepreneurship and innovation.
  • Develop a business model for a new venture, including revenue, margins, operations, working capital, and investment.
  • Discuss the attitudes, values, characteristics, behavior, and processes associated with possessing an entrepreneurial mindset.
Venue: NACC BOARD ROOM,
Capwire Building
19A Sinari Daranijo Street
Off Ajose Adeogun Street
Victoria Island
Date: 23rd February, 2018
Time: 8am

For further information, please contact Sharon on +234 818 002 7585/ +234 816 813 2893 or email sharon.adekunle@nigerianamericanchamber.org

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