Description
The process of working out how to exploit a perceived business opportunity is a journey of discovery made in the face of a lack of knowledge about the future outcome. A scoping business plan provides a way to prepare for uncertainty while keeping a direct line of sight on the prize.
Appraising Business Opportunities: The Stratisquare Framework describes an approach to appraise business opportunities by taking multiple considerations into account.
The foundations of the business opportunity appraisal framework are:
- The design of a business angle provides a way to match the characteristics of the perceived business opportunity, with the: aims, expectations and constraints on promoters of the venture; market context; and the nature of an appropriate production process.
- A business operates in several element markets concurrently.
- How core competencies are to be created.
The high-level analysis in the scoping business plan is usually enough for start-ups to seek funding from early-stage investors and for corporate programmes to gain stakeholder support.
Author: Robert D. Hughes
Publisher: Hughes Consulting Limited
Published: 03/10/2023
Pages: 128
Binding Type: Paperback
Weight: 0.47lbs
Size: 8.27h x 5.83w x 0.35d
ISBN13: 9780473611477
ISBN10: 0473611473
BISAC Categories:
- Business & Economics | Management | General
- Business & Economics | Decision Making & Problem Solving
- Business & Economics | Entrepreneurship