This document discusses how to apply the knowledge gained from the venture creation process to identify new opportunities or solve problems related to creating new units of value. It outlines the six main functions of the venture creation process: searching, screening, planning/financing, setup, startup, and ongoing operation and growth. Each function involves an individual connecting with other people to identify, assess, organize the delivery of, and continually provide a product or service that satisfies the wants of the marketplace. Mastering these sequential cognitive functions allows one to successfully bring new ventures and transactions into existence.
1. Venture analytics
beyond venture creation
How you can apply your new knowledge of
the venture creation process as an analytical
tool to the identification of new opportunity
or to solving virtually any venturing
problems that relates to creating new units
of value
2. What is new units ?
Business transaction by new product
Below three successful transaction
1. competition cognitions
2. promise cognition
3. planning cognition
4. Functions of venture analytics
The element of a basic transaction
1.searching
2.screening
3.planningfinancing
4. setup
5. start up
6. on going orchestration and groth
6. Searching
An individual (TC) connects with other persons
(MP) and identifies works (PSP) that this
individual can produce , competitively
Searching skill primarily concerns finding “ the
work “ that the market wants .
8. screening
An individual (TC) assesses the proposed work
(PSP) to estimate their promise to profitably
satisfy the wants of other persons (MP)
Screening skill primarily involves understanding
the wants of “ other persons”.
10. Planning and financing
An individual (TC) must gather , process ,
understand , and use the info necessary to
organize the delivery of the work .
(1.product or services that other persons want
2.venture as a finance product) to other persons
(the market place)
Writing of the business plan and the use of this
plan to finance the venture .
12. Set up
An individual (TC) connects with other persons
(mp) and creates the venture that will produce
competitively the work (PSP)
Setup primarily concerns the production of “the
work “(mp) .
14. Start up
An individual (TC) focuses on the wants of
other person (mp) and begins the process of
production and sale of the work (PSV) to satisfy
the wants of other persons (MP)
Start up primarily involves understanding “
other person “(mp)
16. Ongoing operation and growth
An individual (TC) must gather , process ,
understand , and use the info necessary to
continue the delivery of the work
(1.product or services that other persons want
2.venture as a finance product) to other persons
(the market place)
Implementationop plan produce tesult
17. summary
Venture creation process is , in actuality , the
sequential application of transaction cognitions
that , with the same power these cognitions have
to bring transaction into existence , brings a
venture into existence.