Rowan-Classes/6th-Semester-Spring-2024/EnI/Notes/EnI-notes.tex
2024-02-22 14:22:36 -05:00

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\documentclass{report}
\input{preamble}
\input{macros}
\input{letterfonts}
\title{\Huge{Entrepreneurship and Innovation}}
\author{\huge{Aidan Sharpe}}
\date{}
\begin{document}
\maketitle
\newpage% or \cleardoublepage
% \pdfbookmark[<level>]{<title>}{<dest>}
\pdfbookmark[section]{\contentsname}{toc}
\tableofcontents
\pagebreak
\chapter{}
\dfn{Entrepreneurship}
{
According to Steve Blanc, \emph{Entrepreneurship} is the search for a sustainable and repeatable process to validate a business idea.
}
The difference between a startup and a business is that a startup is a hypothesis test for a process, while a business is the tested idea.
\dfn{Intrapreneurship}
{
The act of behaving like an entrepreneur while working within a large organization.
}
\dfn{Bootstrapping}
{
Being able to create a startup with minimal budget and without external funds.
}
\dfn{Pitch Deck}
{
A marketing presentation used to gain investors and funding.
}
The design thinking process:
\begin{enumerate}
\item \textbf{Empathize}: understand what the customer \emph{wants} and \emph{needs}
\item \textbf{Define}
\item \textbf{Ideate}
\item \textbf{Prototype}
\item \textbf{Test}
\end{enumerate}
\dfn{Growth Mindset}
{
}
\dfn{Ideation}
{
The act of generating, developing, and communicating new ideas.
}
\chapter{}
\section{Business Model}
\dfn{Business Model}
{
Describes the rationale of how a new venture delivers and captures value
}
\noindent
A business model canvas has nine segments in four core areas.
\begin{enumerate}
\item \textbf{Offering}: Value generated and reaching customer base
\item \textbf{Customer}: Customers are
\item \textbf{Infrastructure}: includes all necessary resources to fulfill customer value proposition
\item \textbf{Financial Viability}: defines costs and revenue streams
\end{enumerate}
\dfn{Customer Value Proposition (CVP)}
{
Better value than competition. Measurable in monetary terms. Must be sustainable for long-term operation.
}
\subsection{Business Model Canvas}
\begin{enumerate}
\item \textbf{Customer Value Proposition}: properly addresses the need
\item \textbf{Customer Segments}:
\item \textbf{Customer Relationships}: People want to know that you care. How to get, keep, and grow a customer base.
\end{enumerate}
\dfn{Minimum Value Proposition}
{
Meets needs and requirements of the CVP while mitigating risk
}
\end{document}