Ongoing venture

1. ONGOING VENTURE
OPERAIONS AND GROWTH

2. The Process of Ongoing
Operations and Growth
• Ongoing operations leading to growth
consist of a set of activities
concerned with the continued and
improved delivery of both the
products of the firm and the firm itself
as a financial product.

3. • “Everyone is an entrepreneur when
he actually carries out new
combinations,
and
loses
that
character as soon as he has build up
his business, when he settles down
to running it as other people run their
business ”.
• The entrepreneurial value added in
this stage of the venture creation
process is the continual addition of
new combinations.

4. • Effectively brining about continuing operations
and growth includes the implementation of a
visionary and flexibility -creating operations plan
and the use of this plan to achieve superior
economic performance.
• This stage of venture development primarily
involves at least the application of concepts
related to continuous venture screening, making
market and industry assessments, ongoing
financial assessment and customer reputation
and stakeholder relationship management.
• Through these activities, we believe that the
process of opportunity recognition that drive
continuous improvement and growth can be
stimulated.

5. • Organizational Entrepreneurship:
– The key to a vibrant organization is
continual attention to the fundamentals
of entrepreneurial organizations. This
include:
• Managing total risk
• Avoiding
the
traps
of
traditional
organizations.
• Fostering empowerment within the venture
• Minimizing bureaucracy
• Proving incentives versus constraints for
innovation
• Enabling research and development
• Ethically and sustainability focused

6. Students View of the Operations
and Growth Process

7. Regular NAT
analysis
Market/industry
assessment
Financial
assessment
Opportunity
recognition
(idea formulation)
Stakeholder
management
Reputation
management
Dynamic/opportunistic
ventures:
Awareness of
potential opportunities
and of market
wants/needs and
ability to fulfill
Better ventures:
Mitigation of
controllable venture
failure attributes
Reduced
failure
Growth
Prosperity
Responsible
ventures:
Awareness of
strength of social
capital