Entrepreneurship Development
This entrepreneurship development is focuses on creating the Business. Entrepreneurship is the cornerstone of any modern economy. Every day, entrepreneurs around the world are starting their own business. This course will teach you the characteristics of successful entrepreneurs. It will also discuss the kind of business models and marketing strategies an entrepreneur can use to start a business, and more!​
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The student wallet offers an innovative training-based learning initiative whereby every student can build their new enterprise step by step while studying at student wallet itself. During this training, learning is also imparted on leveraging the strengths of family business management and successfully implementing practices that drive high performance, shareholder loyalty and healthy family relationships.
Business Opportunity
Business opportunities are typically investments that allow a buyer to begin a business. All franchises, for instance, are considered business opportunities, but they’re one of the few in which a seller has a continuing relationship with the buyer. In most cases, the seller of a business opportunity exercises no control over the buyer's operations.
Below are some of the most common types of business opportunities.
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New market opportunity
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Franchise opportunity
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Distribution opportunity
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Online business opportunity
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Startup opportunity
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Real estate opportunity
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​Strategic partnership opportunity
Product development
The process of developing a product generally involves multiple phases, each encompassing distinct activities and goals. While the specific steps may vary depending on the industry, company, and product type, here is a generalized framework for the product development process:
• Idea Generation
• Idea Screening
• Concept Development and Testing
• Business Analysis
• Prototype Development
• Testing and Validation
• Design for Manufacturing (DFM)
• Manufacturing and Production
• Marketing and Launch
• Post-launch Evaluation
• Product Maintenance and Updates
Marketing
There are seven widely accepted marketing functions. These functions are:
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Marketing information management
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Financing
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Product and service management
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Pricing
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Promotion
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Selling
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Distribution
These functions are essential to understanding the processes, strategies, and tools that go into marketing.
Business Development
Business Development Strategies
1. Market Penetration Strategy
2. Market Development Strategy
3. Product Development Strategy
4. Diversification Strategy
5. Strategic Partnerships and Alliances
6. Mergers and Acquisitions
7. Customer Retention Strategies
8. Networking and Relationship Building
9. Digital Transformation and Innovation
10. Corporate Social Responsibility (CSR)