Please enable JavaScript.

Coggle requires JavaScript to display documents.

entrepreneurial strategy - Coggle Diagram

- - - - industry conditions
      - competitive enviroment
      - market opportunity
    - - examining the barriers of entry (wait or gather more resources)
      - threat of retaliation by existing business
- - - - radical innovation
      - creates new industry and changes competition
      - risk of customers acceptance, competitors may imitate
      - to sustain the advantage need protection, advertising, offer customer service
    - - successful product or business concept introduced similar product or service in different markets, fills the gap and do better than competitors EX XIAOMI
    - - new product creates new value or taking existing idea and add a twist to it
- - - - identify and capitalize on opportunity
    - - focus on convergence off imaginations and ideas, invention, innovations
      - “The integration of entrepreneurial behavior and strategic behavior (based on seeking benefits) to design and implement
        entrepreneurial strategies for creating wealth
  - - - something now to the market through combination of innovation, opportunity identification and growth
    - - dimensions that organizations integrate to create wealth
        
        dimensions include ent, mindset, culture, leadership, strategic resource management and creativity
    - - internal factors
        
        org size, management, strategy process, structure, culture, smaller firms are more agile and leadership influences SE
      - external factors
        
        dynamic, complex environments are beneficial, comp,tech learn from outside
    - - include improved comp. advantage and wealth creation, strategic repositioning and innovative capabilities