Sunday, December 3, 2017

29A - Venture Concept No. 2


  • Opportunity:
    • A growing trend within the millennial community is laziness and failure to be aware of instilling leadership qualities in the work force. This is growing worry for large organizations that depend on a fresh new batch on young interns that demanded to be ready to take the initiative for any task that is assigned to them. 
    • My market's demographics would narrow down to all management position officers that practice any level of stewardship. These individuals are usually middle-aged and have been victimized by the lacking ability of the newer generation interns to express leadership qualities in the workforce.
    • The need is for companies to feel security and trust when hiring new and young individuals to fill up entry-level and internship positions. Executives should be satisfied with my concept because of the results that the leadership course would be able to provide to the new interns.
    • According to all the people I was able to interview about the issue it seems to me that millennial laziness is a real thing that is happen and taking root in the workplace. Executives are actually worried for their company's efficiency.
    • The window of opportunity is definitely unclear to when it would close because the issue that my proposal addresses is more generational. 
  • Innovation: 
    • My proposed entrepreneurial idea will of an installation course that would be administered within the organization to bring forth competencies that would promote leadership in the workforce. This would be a requirement for interns and entry-level position officers to take during their recruitment process. I would provide the course lessons as via digitally downloadable content. The payment methods will be perpetually offered to the organizations and I would instill period rates. Proctored and instructed video live or recorded sessions would given to the interns. Tests will be given on a completed competency basis with feedback on their performance and awareness of what is being taught. I am not sure what price I would set for the courses I would have to conduct an analysis of my potential competitors that are in the business of providing education content.
  •  Venture Concept: 
    • I think my customers would appreciate the issue that my proposal is trying solve. This is an internal corporate dilemma that would strived to be corrected by my ventures key notions to put an end to millennial laziness. Customer satisfaction will be achieved by the successful results that would be measured by the course participants and also a post assessment by the employers to verify the validity of my proposal.
    • As of now I cannot foresee any existing competitors that may sabotage the implementation of my entrepreneurial idea. However, predominant digital educational services may become aware of my idea and create their own version. This can be a forecasted threat to my venture. Companies like Pearson and McGraw Hill, with their power and experience level in administering digital educational supplements, can put the future of my proposal in jeopardy.
    • For promotional purposes I will have 24/7 around the clock email and telephone customer support for any software program issues that they would encounter. We would reboot or give money back for the services is the program stops being functional. 
    • My services would be available on a verified website with online step-by-step tech support. The course will be downloadable files that can be manipulated through all of the Microsoft workbook programs such as; excel, word, and powerpoint. For assessment of the coursework administered to the interns, a submission tab will be held on the website of each module to validate completion of the assignments. Each module or lesson will have video attached to it to explain the content of the assignments. I do not know how many employees I would have that is still unclear to me.
  • Unfair advantage: My keen vision of the impactful potential this course has will guide my business decision for the course. I will try to address each major leadership characteristic that is necessary for successful leadership development that can better the internal operations of an organization.
  • What's next: A smartphone app that incorporates all aspects that the website would provide. The phone will be easy to handle and have the fast software interaction with the students.
  • For me: My aspirations for my entrepreneurial proposal is to incentivize academia to incorporate this course program initially as an elective then growing into possibly a requirement for all seniors in college. I hope to encourage the true theme of my leadership course as movement for future interns that are facing issue with presenting themselves with keen quality that would stand them out with their newly absorbed awareness of leadership in the workplace.
  • Feedback:
    • Interesting proposal
    • Needs practical and clear objectives to supply to markets
  • Response:
    • I created clear and concise forecasted components that would benefit the legitimacy of the leadership course program.
    • I recollected attributes from individuals I interviewed and consider them thoroughly.

1 comment:

  1. I do believe that Millennial laziness is a real thing. Most of our generation feels entitled and want things handed to them without working hard. It is hard to determine whether a person works hard or not without seeing it with your own eyes or getting a recommendation from a reliable third party. I liked how you were more specific this time with what you were providing. I think you did a good job explaining it! Great post!

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