Entrepreneurship

What is Opportunity
Seeking?
• The ongoing process of considering,
evaluating, and pursuing market-based
activities that are believed to be
advantageous for the firm. Prior experience
informs the process, but it may also limit it:
What is opportunity screening?
• A process used to
evaluate innovativeproduct ideas, strategies
and marketing
trends. Idea screening criteria are used to
determine compatibility with
overall business objectives and whether the
idea would offer a viable return on
investment. Whatever does not meet these
criteria is typically discarded.
 3 steps of
opportunity
screening
The 12 Rs or opportunity
screening
1
The 12 Rs or opportunity screening are:

Responsiveness
Reach
Range
Revolutionary impact
Returns
Relative ease of implementation
Resources required
Risk
Relevance
Resonance
Reinforcement of Entrepreneurial interest
Revenue
Opportunity Seizing

• "Entrepreneurship is the process

ofseizing opportunity, innovating,
providing value, acquiring resources,
managing risks, and reaping benefits
within the context of ethical
determination."
IN ORDER TO SEIZE
AN OPPORTUNITY,
YOU MUST HAVE 2
THINGS
1: You must have vision.

• If you're hoping to seize an opportunity, you

must first have the vision to see it. You have
to be looking for it. Recognizing
opportunities for what they are isn't easy; if it
were, everyone would have jumped on the
McDonald's opportunity and invested in
Microsoft, Facebook or Dell. You must have
a vision for yourself and your life in order to
be able to recognize opportunities.
• Secondly, you must have a vision of the future and
the ability to recognize an opportunity for what it
could become, not just what it is today. You may
•
not have wanted to be in the hamburger
or restaurant business in the late 1950s but what if
you'd known what the opportunity would become?
See, that's the thing with opportunities; we have to
seize them before we fully know what they will
become, believing in only what
they could become!
•
2: You must have means.
• In order to maximize the opportunity after you seize it,
you must have the means to move forward. You have to
be prepared for what comes next. You must possess the
people connections and the personal ability. You must
have the outward activity and the inward drive. If you
seize an opportunity without the means to pursue it, you
may just be better off sitting this one out. Better to
be prepared and practiced than to only go after your
dream halfheartedly. You must have the skill and the
will, the two things that make up the means to pursue
any opportunity.
THANK YOU
GROUP 3
Leader:Mark jhon apolinario
Members:
• Jeryl Tombado
• Stephanie agustin
• Claysa Torres
• Alexis kevin cabayo
• Jayson cartagena
• Rialyn Balisi
• Darren callejo
• Romark mostasa
• Van Erick Gasmen
• Harvey dave onza
• Renz Gasmen