Focus on Opportunity

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Focus on Opportunity

• 2003,3,4

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Building on Strength

• Three approach to make business effective
• 1. He can start with a model of the ideal
  business which would produce maximum results
  from the available markets and knowledge.
• The rise of General Motors design by Alfred P.
  Sloan,Jr.
• Five model will cover the (car) market

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Building on Strength

• 2. He can try to maximize opportunities by
  focusing the available resources on the most
  attractive possibilities and devoting them to
  obtaining the greatest possible results.
• What are the opportunities for the greatest
  economics results?
• Werner von Simens-electric generator electric
  power industry
• Thomas A. Edison-light bulb-light industry

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Building on Strength

• 3. He can maximizes the resources so that those
  opportunities are found-if not created-that endow
  the available high-quality resources with the
  greatest possible impact.
• How the Rothschilds grew?
• (1790) Meyer
• Nathan-London, James-Paris, Salmon-Vienna,
  Amschel-Center of the family, Kalman do nothing.

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Find the Business Potential

• Opportunity is where you find it. It does not
  say where it find you.

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Find the Business Potential

• Vulnerability as an Opportunity
• American steel industry, paper or plastic,
  Commercial bank.

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Find the Business Potential

• Turning Weaknesses into Strengths
• A living business is always in a state of
  imbalance.
• Chronic imbalance, the business of wrong size.

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Find the Business Potential

• What are we afraid of?
• (1950) American railroads-automobile, truck, and
  airplane.
• American life insurance-mutual investment
• Department store-discount stores

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Find the Business Potential

• What comprises with what we claim to be harmful
  to our business are we already making? Are there
  actually harmful? Or do we benefit?
• It is no always possible to convert threats into
  opportunities. But it is more likely that a
  threat can be converted into an opportunity than
  it can be averted. It is more profitable to take
  a new trend than to fight it.

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Making the Future Today

• We know only two things about the future
• 1. It cannot be know.
• 2. It will be different from what exists now and
  from what we now expect.

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Making the Future Today

• Any attempt to base todays actions and
  commitments on predictions of future events is
  futile. The best we can hope to do is to
  anticipate future effects of events which already
  irrevocable happed.
• To try to make the future happen is risky but
  its rational activity. And its less risky than
  coasting along on the comfortable assumption that
  nothing is going to change.

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• Following a prediction as to what must happen
  or what is most probable

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• Anticipate the future that has already happen
• Making the future happen

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The Entrepreneurial Economy

• Systemic Entrepreneurship
• Entrepreneurship is neither a science nor an art.
  It is a practice.
• Seven Sources for innovative Opportunity

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The Entrepreneurial Economy