SlideShare una empresa de Scribd logo
1 de 21
ENTREPRENEURSHIP AND
  GOOD GOVERNANCE
What is
entrepreneurship…???
• ‘entrepreneurship is a process
  through which individuals
  identify opportunities, allocate
  resources, and create value. 
  This creation of value is often
  through the identification of
  unmet needs or through the
  identification of opportunities
  for change’
Who is an
entrepreneur…???
An entrepreneur is one who always
 searches for change, responds to
it and exploits it as an opportunity.
   Innovation is the basic tool of
entrepreneurs, the means by which
     they exploit change as an
opportunity for different business
            of service.
TYPES OF
       ENTREPRENEURSHIP

•   Innovative entrepreneurship.
•   Imitative entrepreneurship
•   Fabian entrepreneurship
•   Drone entrepreneurship
Six Ways Financial Management
       Helps Your enterprise Succeed
                          2. Manage Customers and Sales.
                          Know and understand your customers
                                                                                  3. Production.
                          through consolidated records.
1. Cash Flow.                                                                  Obtain goods and
Track the money                                                           services. Apply for and
going in and out of                                                          establish credit with
your enterprise.                                                                   your vendors.

                                          YOUR
                                        enterprise                              4. Compliance.
                                                                                     Report your
6. Funding.
                                                                            company’s incomes,
To be considered for
                                                                           expenses, and payroll
a loan or investment,
                                                                           accurately to the IRS.
you’ll need complete
financial statements.
                                         5. Insight and Decision Making.
                      Make informed decisions – and price your product or
                            service for profitability – with financial reports
Kinds of Ethical Issues
• Ethical Issues in entrepreneurial Operations
   – Income and expense reporting (income tax
     fraud)
   – “Truth in advertising”—persuasion and
     deception
   – Bribing customers and rigging bids
   – Direct selling—pyramid schemes, bait-and-
     switch selling
   – Effect of owners’ ethics on their employees
   – Accurately reporting financial information
Kinds of Ethical Issues (cont’d)
• Ethical Issues and Employees
   – “To do an honest day’s work”
   – Fraudulent workers’ compensation claims
   – Theft of company property and embezzlement
     of funds
   – Violation of personal ethics to make a sale
Good
Governance
Governance is the activity
of governing. It relates to
decisions that define
expectations, grant power
or verify performance
Governance in its
widest sense refers to
 how any organization,
  including a nation is
run. It includes all the
  processes, systems
 and controls that are
used to safeguard and
      grow assets.
governance is not…


             …a mystery

            …a magic pill
If there were a
recipe for good
governance what
would be on the
ingredients list?
•Reporting
•Performance management
•Financial management
•Contract management
•Demand management
•Risk management
good reporting is …

                      Regular
                      Clear
                      Complete
                      Unequivocal metrics
                      Fit for purpose metrics
Performance management is…
Service level reporting
Problem management
System/process change
Project management
Financial management

Budgetary management

Invoice reconciliation

Benefit tracking

Business case mgt
Contract management
Compliance on both sides
Maintain lists and schedules
Manage change
Demand management
• It still has to be about the
  customer
• Collaboration between
  customer and supplier will
  make all the difference
• Keep it visible
Risk management
• Audit
• Protection of
  commercial position
• Review of key docs
  such as exit plan
Thanks for your Attention!

Más contenido relacionado

La actualidad más candente

Business valuation in Dubai
Business valuation in DubaiBusiness valuation in Dubai
Business valuation in DubaiHLB Hamt
 
Quick Books Managing Your Business Finances
Quick Books Managing Your Business FinancesQuick Books Managing Your Business Finances
Quick Books Managing Your Business FinancesCheryl Blazej
 
Process of evaluating an existing business
Process of evaluating an existing businessProcess of evaluating an existing business
Process of evaluating an existing businessEja Halim
 
Benefits of Buying an Existing Business
Benefits of Buying an Existing BusinessBenefits of Buying an Existing Business
Benefits of Buying an Existing BusinessUnicopp Bizex Pvt Ltd
 
tax deferred exchange 1031
tax deferred exchange 1031tax deferred exchange 1031
tax deferred exchange 1031Jason Pastucha
 
Starting a company extended version
Starting a company   extended versionStarting a company   extended version
Starting a company extended versionDrew Eric Noftle
 
Nascent Financial Services
Nascent Financial ServicesNascent Financial Services
Nascent Financial Servicesnascentfs
 
De Pillis Business Process Improvement Overview
De Pillis Business Process Improvement OverviewDe Pillis Business Process Improvement Overview
De Pillis Business Process Improvement OverviewG.J. dePillis
 
Due diligence slides
Due diligence slidesDue diligence slides
Due diligence slidesLe Tat Thanh
 
Case study - Outsourcing solutions for accounting
Case study - Outsourcing solutions for accountingCase study - Outsourcing solutions for accounting
Case study - Outsourcing solutions for accountingIntuit Consultancy
 
JPAbusiness Due Diligence Checklist
JPAbusiness Due Diligence ChecklistJPAbusiness Due Diligence Checklist
JPAbusiness Due Diligence ChecklistJames Price
 
Nfs brief corporate presentation
Nfs brief corporate presentationNfs brief corporate presentation
Nfs brief corporate presentationCA Nikesh Sheth
 
Case study GC Accountants
Case study GC AccountantsCase study GC Accountants
Case study GC AccountantsPaul Robinson
 
Business Valuation - What is it?
Business Valuation - What is it?Business Valuation - What is it?
Business Valuation - What is it?dpharr
 

La actualidad más candente (20)

8 steps to buying a business
8 steps to buying a business8 steps to buying a business
8 steps to buying a business
 
Business valuation in Dubai
Business valuation in DubaiBusiness valuation in Dubai
Business valuation in Dubai
 
Quick Books Managing Your Business Finances
Quick Books Managing Your Business FinancesQuick Books Managing Your Business Finances
Quick Books Managing Your Business Finances
 
Building value
Building valueBuilding value
Building value
 
Process of evaluating an existing business
Process of evaluating an existing businessProcess of evaluating an existing business
Process of evaluating an existing business
 
EMYH Funding | $1,000,000 Cash Advance
EMYH Funding | $1,000,000 Cash AdvanceEMYH Funding | $1,000,000 Cash Advance
EMYH Funding | $1,000,000 Cash Advance
 
Benefits of Buying an Existing Business
Benefits of Buying an Existing BusinessBenefits of Buying an Existing Business
Benefits of Buying an Existing Business
 
tax deferred exchange 1031
tax deferred exchange 1031tax deferred exchange 1031
tax deferred exchange 1031
 
Starting a company extended version
Starting a company   extended versionStarting a company   extended version
Starting a company extended version
 
Financial Management
Financial ManagementFinancial Management
Financial Management
 
Nascent Financial Services
Nascent Financial ServicesNascent Financial Services
Nascent Financial Services
 
De Pillis Business Process Improvement Overview
De Pillis Business Process Improvement OverviewDe Pillis Business Process Improvement Overview
De Pillis Business Process Improvement Overview
 
Due diligence slides
Due diligence slidesDue diligence slides
Due diligence slides
 
Case study - Outsourcing solutions for accounting
Case study - Outsourcing solutions for accountingCase study - Outsourcing solutions for accounting
Case study - Outsourcing solutions for accounting
 
MPI-Overview-Brochure
MPI-Overview-BrochureMPI-Overview-Brochure
MPI-Overview-Brochure
 
JPAbusiness Due Diligence Checklist
JPAbusiness Due Diligence ChecklistJPAbusiness Due Diligence Checklist
JPAbusiness Due Diligence Checklist
 
Nfs brief corporate presentation
Nfs brief corporate presentationNfs brief corporate presentation
Nfs brief corporate presentation
 
Case study GC Accountants
Case study GC AccountantsCase study GC Accountants
Case study GC Accountants
 
Business Valuation - What is it?
Business Valuation - What is it?Business Valuation - What is it?
Business Valuation - What is it?
 
BPOs
BPOsBPOs
BPOs
 

Destacado

Mkt#210 lecture 1 entrepreneurship development
Mkt#210 lecture 1 entrepreneurship developmentMkt#210 lecture 1 entrepreneurship development
Mkt#210 lecture 1 entrepreneurship developmentKawser Ahmad Sohan
 
The entrepreneurial personality jay z
The entrepreneurial personality jay zThe entrepreneurial personality jay z
The entrepreneurial personality jay zEllen Doyle
 
Entrepreneurship development
Entrepreneurship developmentEntrepreneurship development
Entrepreneurship developmentPrajeesh Menon
 
Successful Entrepreneur of india
Successful Entrepreneur of indiaSuccessful Entrepreneur of india
Successful Entrepreneur of indiaguptakshitij
 

Destacado (6)

Mkt#210 lecture 1 entrepreneurship development
Mkt#210 lecture 1 entrepreneurship developmentMkt#210 lecture 1 entrepreneurship development
Mkt#210 lecture 1 entrepreneurship development
 
The entrepreneurial personality jay z
The entrepreneurial personality jay zThe entrepreneurial personality jay z
The entrepreneurial personality jay z
 
Entrepreneurship development
Entrepreneurship developmentEntrepreneurship development
Entrepreneurship development
 
TYPES OF ENTREPRENEURSHIP
TYPES OF ENTREPRENEURSHIPTYPES OF ENTREPRENEURSHIP
TYPES OF ENTREPRENEURSHIP
 
Successful Entrepreneur of india
Successful Entrepreneur of indiaSuccessful Entrepreneur of india
Successful Entrepreneur of india
 
ppt on Entrepreneur
ppt on Entrepreneur ppt on Entrepreneur
ppt on Entrepreneur
 

Similar a Entrepreneurship and good governance

Manage your Business Finances with QuickBooks
Manage your Business Finances with QuickBooksManage your Business Finances with QuickBooks
Manage your Business Finances with QuickBooksJohn Wessells
 
Business West - Finance Factor
Business West - Finance FactorBusiness West - Finance Factor
Business West - Finance Factoramievaughan
 
The ultimate guide to selling your business
The ultimate guide to selling your businessThe ultimate guide to selling your business
The ultimate guide to selling your businessChishakima
 
Quick Books Managing Your Business Finances
Quick Books Managing Your Business FinancesQuick Books Managing Your Business Finances
Quick Books Managing Your Business FinancesDonnaKizer
 
CHAPTER 1 SUPA MY NOTES.pdf
CHAPTER 1 SUPA MY NOTES.pdfCHAPTER 1 SUPA MY NOTES.pdf
CHAPTER 1 SUPA MY NOTES.pdfEdenAlemu3
 
Operating a successful business
Operating a successful businessOperating a successful business
Operating a successful businessBDSChartered
 
How to Set Up & Run a Business in the USA
How to Set Up & Run a Business in the USAHow to Set Up & Run a Business in the USA
How to Set Up & Run a Business in the USARavixGroup
 
Cashflow management 2012
Cashflow management 2012Cashflow management 2012
Cashflow management 2012Michael Corner
 
Northern Anne Arundel County Chamber Balancing Finances During Emotional Times
Northern Anne Arundel County Chamber Balancing Finances During Emotional TimesNorthern Anne Arundel County Chamber Balancing Finances During Emotional Times
Northern Anne Arundel County Chamber Balancing Finances During Emotional TimesKelly Leonard
 
Opportunity-based Growth: How GrowthPath Drives Cash and Profit
Opportunity-based Growth: How GrowthPath Drives Cash and ProfitOpportunity-based Growth: How GrowthPath Drives Cash and Profit
Opportunity-based Growth: How GrowthPath Drives Cash and ProfitTim Richardson
 
Accounts xi chap.1
Accounts xi chap.1Accounts xi chap.1
Accounts xi chap.1sushk
 
Debt Collection for Startups Building Strong Financial Foundations
Debt Collection for Startups Building Strong Financial FoundationsDebt Collection for Startups Building Strong Financial Foundations
Debt Collection for Startups Building Strong Financial FoundationsCedar Financial
 
Business finance essentials
Business finance essentialsBusiness finance essentials
Business finance essentialsJames Bannigan
 
ACQUIRING AN ESTABLISHED VENTURE
ACQUIRING AN ESTABLISHED VENTUREACQUIRING AN ESTABLISHED VENTURE
ACQUIRING AN ESTABLISHED VENTUREJiyas K
 
Managing Cash Flows On Construction Projects
Managing Cash Flows On Construction ProjectsManaging Cash Flows On Construction Projects
Managing Cash Flows On Construction ProjectsAGC of California
 
Business Owners MSSB
Business Owners MSSBBusiness Owners MSSB
Business Owners MSSBrbbrydges
 
Creative accounting tutor master
Creative accounting  tutor masterCreative accounting  tutor master
Creative accounting tutor masterSako Mwakalobo
 
Factoring Finance Demystified: Your Path to Financial Freedom
Factoring Finance Demystified: Your Path to Financial FreedomFactoring Finance Demystified: Your Path to Financial Freedom
Factoring Finance Demystified: Your Path to Financial FreedomM1xchange
 

Similar a Entrepreneurship and good governance (20)

Manage your Business Finances with QuickBooks
Manage your Business Finances with QuickBooksManage your Business Finances with QuickBooks
Manage your Business Finances with QuickBooks
 
Business West - Finance Factor
Business West - Finance FactorBusiness West - Finance Factor
Business West - Finance Factor
 
Chapter 1 management accounting
Chapter 1   management accountingChapter 1   management accounting
Chapter 1 management accounting
 
The ultimate guide to selling your business
The ultimate guide to selling your businessThe ultimate guide to selling your business
The ultimate guide to selling your business
 
Quick Books Managing Your Business Finances
Quick Books Managing Your Business FinancesQuick Books Managing Your Business Finances
Quick Books Managing Your Business Finances
 
CHAPTER 1 SUPA MY NOTES.pdf
CHAPTER 1 SUPA MY NOTES.pdfCHAPTER 1 SUPA MY NOTES.pdf
CHAPTER 1 SUPA MY NOTES.pdf
 
C Miinds Template2
C Miinds   Template2C Miinds   Template2
C Miinds Template2
 
Operating a successful business
Operating a successful businessOperating a successful business
Operating a successful business
 
How to Set Up & Run a Business in the USA
How to Set Up & Run a Business in the USAHow to Set Up & Run a Business in the USA
How to Set Up & Run a Business in the USA
 
Cashflow management 2012
Cashflow management 2012Cashflow management 2012
Cashflow management 2012
 
Northern Anne Arundel County Chamber Balancing Finances During Emotional Times
Northern Anne Arundel County Chamber Balancing Finances During Emotional TimesNorthern Anne Arundel County Chamber Balancing Finances During Emotional Times
Northern Anne Arundel County Chamber Balancing Finances During Emotional Times
 
Opportunity-based Growth: How GrowthPath Drives Cash and Profit
Opportunity-based Growth: How GrowthPath Drives Cash and ProfitOpportunity-based Growth: How GrowthPath Drives Cash and Profit
Opportunity-based Growth: How GrowthPath Drives Cash and Profit
 
Accounts xi chap.1
Accounts xi chap.1Accounts xi chap.1
Accounts xi chap.1
 
Debt Collection for Startups Building Strong Financial Foundations
Debt Collection for Startups Building Strong Financial FoundationsDebt Collection for Startups Building Strong Financial Foundations
Debt Collection for Startups Building Strong Financial Foundations
 
Business finance essentials
Business finance essentialsBusiness finance essentials
Business finance essentials
 
ACQUIRING AN ESTABLISHED VENTURE
ACQUIRING AN ESTABLISHED VENTUREACQUIRING AN ESTABLISHED VENTURE
ACQUIRING AN ESTABLISHED VENTURE
 
Managing Cash Flows On Construction Projects
Managing Cash Flows On Construction ProjectsManaging Cash Flows On Construction Projects
Managing Cash Flows On Construction Projects
 
Business Owners MSSB
Business Owners MSSBBusiness Owners MSSB
Business Owners MSSB
 
Creative accounting tutor master
Creative accounting  tutor masterCreative accounting  tutor master
Creative accounting tutor master
 
Factoring Finance Demystified: Your Path to Financial Freedom
Factoring Finance Demystified: Your Path to Financial FreedomFactoring Finance Demystified: Your Path to Financial Freedom
Factoring Finance Demystified: Your Path to Financial Freedom
 

Último

microwave assisted reaction. General introduction
microwave assisted reaction. General introductionmicrowave assisted reaction. General introduction
microwave assisted reaction. General introductionMaksud Ahmed
 
Contemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptx
Contemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptxContemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptx
Contemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptxRoyAbrique
 
Grant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy ConsultingGrant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy ConsultingTechSoup
 
Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...
Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...
Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...EduSkills OECD
 
1029-Danh muc Sach Giao Khoa khoi 6.pdf
1029-Danh muc Sach Giao Khoa khoi  6.pdf1029-Danh muc Sach Giao Khoa khoi  6.pdf
1029-Danh muc Sach Giao Khoa khoi 6.pdfQucHHunhnh
 
Hybridoma Technology ( Production , Purification , and Application )
Hybridoma Technology  ( Production , Purification , and Application  ) Hybridoma Technology  ( Production , Purification , and Application  )
Hybridoma Technology ( Production , Purification , and Application ) Sakshi Ghasle
 
Activity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdfActivity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdfciinovamais
 
1029 - Danh muc Sach Giao Khoa 10 . pdf
1029 -  Danh muc Sach Giao Khoa 10 . pdf1029 -  Danh muc Sach Giao Khoa 10 . pdf
1029 - Danh muc Sach Giao Khoa 10 . pdfQucHHunhnh
 
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptxSOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptxiammrhaywood
 
Web & Social Media Analytics Previous Year Question Paper.pdf
Web & Social Media Analytics Previous Year Question Paper.pdfWeb & Social Media Analytics Previous Year Question Paper.pdf
Web & Social Media Analytics Previous Year Question Paper.pdfJayanti Pande
 
Z Score,T Score, Percential Rank and Box Plot Graph
Z Score,T Score, Percential Rank and Box Plot GraphZ Score,T Score, Percential Rank and Box Plot Graph
Z Score,T Score, Percential Rank and Box Plot GraphThiyagu K
 
Paris 2024 Olympic Geographies - an activity
Paris 2024 Olympic Geographies - an activityParis 2024 Olympic Geographies - an activity
Paris 2024 Olympic Geographies - an activityGeoBlogs
 
Accessible design: Minimum effort, maximum impact
Accessible design: Minimum effort, maximum impactAccessible design: Minimum effort, maximum impact
Accessible design: Minimum effort, maximum impactdawncurless
 
Kisan Call Centre - To harness potential of ICT in Agriculture by answer farm...
Kisan Call Centre - To harness potential of ICT in Agriculture by answer farm...Kisan Call Centre - To harness potential of ICT in Agriculture by answer farm...
Kisan Call Centre - To harness potential of ICT in Agriculture by answer farm...Krashi Coaching
 
URLs and Routing in the Odoo 17 Website App
URLs and Routing in the Odoo 17 Website AppURLs and Routing in the Odoo 17 Website App
URLs and Routing in the Odoo 17 Website AppCeline George
 
Call Girls in Dwarka Mor Delhi Contact Us 9654467111
Call Girls in Dwarka Mor Delhi Contact Us 9654467111Call Girls in Dwarka Mor Delhi Contact Us 9654467111
Call Girls in Dwarka Mor Delhi Contact Us 9654467111Sapana Sha
 
Employee wellbeing at the workplace.pptx
Employee wellbeing at the workplace.pptxEmployee wellbeing at the workplace.pptx
Employee wellbeing at the workplace.pptxNirmalaLoungPoorunde1
 
CARE OF CHILD IN INCUBATOR..........pptx
CARE OF CHILD IN INCUBATOR..........pptxCARE OF CHILD IN INCUBATOR..........pptx
CARE OF CHILD IN INCUBATOR..........pptxGaneshChakor2
 
Separation of Lanthanides/ Lanthanides and Actinides
Separation of Lanthanides/ Lanthanides and ActinidesSeparation of Lanthanides/ Lanthanides and Actinides
Separation of Lanthanides/ Lanthanides and ActinidesFatimaKhan178732
 

Último (20)

microwave assisted reaction. General introduction
microwave assisted reaction. General introductionmicrowave assisted reaction. General introduction
microwave assisted reaction. General introduction
 
Contemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptx
Contemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptxContemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptx
Contemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptx
 
Grant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy ConsultingGrant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy Consulting
 
Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...
Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...
Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...
 
1029-Danh muc Sach Giao Khoa khoi 6.pdf
1029-Danh muc Sach Giao Khoa khoi  6.pdf1029-Danh muc Sach Giao Khoa khoi  6.pdf
1029-Danh muc Sach Giao Khoa khoi 6.pdf
 
Hybridoma Technology ( Production , Purification , and Application )
Hybridoma Technology  ( Production , Purification , and Application  ) Hybridoma Technology  ( Production , Purification , and Application  )
Hybridoma Technology ( Production , Purification , and Application )
 
Mattingly "AI & Prompt Design: Structured Data, Assistants, & RAG"
Mattingly "AI & Prompt Design: Structured Data, Assistants, & RAG"Mattingly "AI & Prompt Design: Structured Data, Assistants, & RAG"
Mattingly "AI & Prompt Design: Structured Data, Assistants, & RAG"
 
Activity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdfActivity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdf
 
1029 - Danh muc Sach Giao Khoa 10 . pdf
1029 -  Danh muc Sach Giao Khoa 10 . pdf1029 -  Danh muc Sach Giao Khoa 10 . pdf
1029 - Danh muc Sach Giao Khoa 10 . pdf
 
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptxSOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
 
Web & Social Media Analytics Previous Year Question Paper.pdf
Web & Social Media Analytics Previous Year Question Paper.pdfWeb & Social Media Analytics Previous Year Question Paper.pdf
Web & Social Media Analytics Previous Year Question Paper.pdf
 
Z Score,T Score, Percential Rank and Box Plot Graph
Z Score,T Score, Percential Rank and Box Plot GraphZ Score,T Score, Percential Rank and Box Plot Graph
Z Score,T Score, Percential Rank and Box Plot Graph
 
Paris 2024 Olympic Geographies - an activity
Paris 2024 Olympic Geographies - an activityParis 2024 Olympic Geographies - an activity
Paris 2024 Olympic Geographies - an activity
 
Accessible design: Minimum effort, maximum impact
Accessible design: Minimum effort, maximum impactAccessible design: Minimum effort, maximum impact
Accessible design: Minimum effort, maximum impact
 
Kisan Call Centre - To harness potential of ICT in Agriculture by answer farm...
Kisan Call Centre - To harness potential of ICT in Agriculture by answer farm...Kisan Call Centre - To harness potential of ICT in Agriculture by answer farm...
Kisan Call Centre - To harness potential of ICT in Agriculture by answer farm...
 
URLs and Routing in the Odoo 17 Website App
URLs and Routing in the Odoo 17 Website AppURLs and Routing in the Odoo 17 Website App
URLs and Routing in the Odoo 17 Website App
 
Call Girls in Dwarka Mor Delhi Contact Us 9654467111
Call Girls in Dwarka Mor Delhi Contact Us 9654467111Call Girls in Dwarka Mor Delhi Contact Us 9654467111
Call Girls in Dwarka Mor Delhi Contact Us 9654467111
 
Employee wellbeing at the workplace.pptx
Employee wellbeing at the workplace.pptxEmployee wellbeing at the workplace.pptx
Employee wellbeing at the workplace.pptx
 
CARE OF CHILD IN INCUBATOR..........pptx
CARE OF CHILD IN INCUBATOR..........pptxCARE OF CHILD IN INCUBATOR..........pptx
CARE OF CHILD IN INCUBATOR..........pptx
 
Separation of Lanthanides/ Lanthanides and Actinides
Separation of Lanthanides/ Lanthanides and ActinidesSeparation of Lanthanides/ Lanthanides and Actinides
Separation of Lanthanides/ Lanthanides and Actinides
 

Entrepreneurship and good governance

  • 1. ENTREPRENEURSHIP AND GOOD GOVERNANCE
  • 3. • ‘entrepreneurship is a process through which individuals identify opportunities, allocate resources, and create value.  This creation of value is often through the identification of unmet needs or through the identification of opportunities for change’
  • 5. An entrepreneur is one who always searches for change, responds to it and exploits it as an opportunity. Innovation is the basic tool of entrepreneurs, the means by which they exploit change as an opportunity for different business of service.
  • 6. TYPES OF ENTREPRENEURSHIP • Innovative entrepreneurship. • Imitative entrepreneurship • Fabian entrepreneurship • Drone entrepreneurship
  • 7. Six Ways Financial Management Helps Your enterprise Succeed 2. Manage Customers and Sales. Know and understand your customers 3. Production. through consolidated records. 1. Cash Flow. Obtain goods and Track the money services. Apply for and going in and out of establish credit with your enterprise. your vendors. YOUR enterprise 4. Compliance. Report your 6. Funding. company’s incomes, To be considered for expenses, and payroll a loan or investment, accurately to the IRS. you’ll need complete financial statements. 5. Insight and Decision Making. Make informed decisions – and price your product or service for profitability – with financial reports
  • 8. Kinds of Ethical Issues • Ethical Issues in entrepreneurial Operations – Income and expense reporting (income tax fraud) – “Truth in advertising”—persuasion and deception – Bribing customers and rigging bids – Direct selling—pyramid schemes, bait-and- switch selling – Effect of owners’ ethics on their employees – Accurately reporting financial information
  • 9. Kinds of Ethical Issues (cont’d) • Ethical Issues and Employees – “To do an honest day’s work” – Fraudulent workers’ compensation claims – Theft of company property and embezzlement of funds – Violation of personal ethics to make a sale
  • 11. Governance is the activity of governing. It relates to decisions that define expectations, grant power or verify performance
  • 12. Governance in its widest sense refers to how any organization, including a nation is run. It includes all the processes, systems and controls that are used to safeguard and grow assets.
  • 13. governance is not… …a mystery …a magic pill
  • 14. If there were a recipe for good governance what would be on the ingredients list? •Reporting •Performance management •Financial management •Contract management •Demand management •Risk management
  • 15. good reporting is … Regular Clear Complete Unequivocal metrics Fit for purpose metrics
  • 16. Performance management is… Service level reporting Problem management System/process change Project management
  • 17. Financial management Budgetary management Invoice reconciliation Benefit tracking Business case mgt
  • 18. Contract management Compliance on both sides Maintain lists and schedules Manage change
  • 19. Demand management • It still has to be about the customer • Collaboration between customer and supplier will make all the difference • Keep it visible
  • 20. Risk management • Audit • Protection of commercial position • Review of key docs such as exit plan
  • 21. Thanks for your Attention!

Notas del editor

  1. Why take the time to learn and use financial management methods? Accounting is the language of business, so you and other parties (banks, IRS, etc.) should all speak the same language. Stay on top of your cash flow: Track money in and out of your business. Even a profitable business can go bankrupt if it doesn’t track cash flow. Manage your customers and sales: Track what they are buying, keep records up-to-date so you can contact them Production & Inventory: Know how to obtain goods and services from your vendors and establish credit Once your records are centralized, you can create reports for a variety of important activities: Filing with the IRS Understanding how your business is doing (this will help on pricing products and services) Sharing your financial picture with third parties (banks, SBA, etc.) to secure loans And then of course, tracking the money going in and out of your newly larger business. All companies, even huge established one’s with billions in revenue and tens of thousands of employees rely on financial management for these six areas. Whatever your business, sound financial practices are a toolset that can help you get the greatest return from your efforts.