Friday, February 12, 2010

" if you were an investor, evaluating the organizational feasibility of a proposed venture, how would you evaluate passion?"

Organizational feasibility in entrepreneurship is very important as it is the beginning of a development of a venture between organizational in entrepreneurship.
Without feasibility, an organization will not be stable and will be facing lots of problems. Most product as well as services nowadays have very strong competition in the country as well as in the world.
The risk that must be taken in considerations of having a good business in the future is very important.

Passion is evaluated as if passion plays the main role in a business.
Without passion, a business would not be a reality. Besides that, a business would not be successful without passions inside the investor itself.
They will be very hard to be the source of fund of their fund. And this make the business will not be able to be operated smoothly.

Uniqueness of a business plays the main role in a business as well. This is said to be true as a business should be different from others in other to avoid a great competition inside a community.
The skills of managing the business also one of the evaluation of passion of a business. Skills will determine the successful of a business' management.

"In what ways do you think university students are uniquely capable to come up with new product or service ideas?"

This is the topic that we have to write on and post it in this blog for 4th week.
I personally think that university students are capable to come up with new product or services idea by operating a business that would much not only helping students in managing their daily lives in university but as well as generating income for their own future benefits.
University students might have been exposed to the culture inside the university that can give them ideas on what product that suitable to be sell inside university. The students also might face problems in their daily lives that give them ideas on what services that suitable to be operated in the university.
For example, there are students in some colleges, they might want to stay up in midnight in order to finish their assignments as well as their projects. So these students might face problems such as hard to find food at night and lack of junk food that can be eaten during midnight.
To overcome this, other students might come up with ideas of selling junk food in the midnight in order to help those student who face the problems of staying up on midnight.
Besides helping other students, by selling junk food, they might be able to generate income for their future use.

By this way, university students might be able to come up with ideas on new product and service ideas.