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ENT 4203 Innovation And Entrepreneurial Research Project

tag 0 Download 2 Pages / 473 Words tag 09-08-2021

Question:

For this project, students will write a Personal Business Plan (PBP) and highlight how entrepreneurship and innovation could play a role in their personal and career paths.

Consider the following topic areas and questions as you work on your Personal Business Plan Report.

Vision and Opportunity

  • What are your goals (career and/or educational) after you leave your university?
  • What are your purpose, your values, and your mission? List the 3 key questions that guide your choices. These should be essential questions that serve as touchstones to direct your life and work. For instance, how can I have an impact? What do I love? What do I fear? What engages my passions? How do I want to be remembered? The answers to these questions may well change over time, but when the questions themselves are fundamental they tend to last a lifetime.
  • What are the market and opportunity that align with your goals? Don't restrict yourself to matters of career or work; think more broadly about your opportunities to make a difference.

Marketing and Implementation Strategy

  • Create your market positioning statement. This may be directed at a hypothetical employer, industry, organization, or the world at large.
  • What compelling value will you offer to your employers and society?
  • How will you differentiate from other UAE students? How about from the broader populace?

Risks and Mitigation

  • What are the key milestones and checkpoints in your plan?
  • How will you measure/determine if you have successfully attained these milestones? How do you define success?
  • What external factors might affect your attaining success? (Positively or adversely)
  • Develop contingency and risk mitigation strategies.
  • Entrepreneurship is not all about personal financial gain. It concerns crafting a lifelong plan to make a positive impact on society. Character does matter. Failure is OK; unethical behavior is not. True wealth requires the creation of enduring value, which requires integrity and ethics.
  • How do you plan to practice ethical principles in your daily actions?
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