The Venture Challenge Established Major Corporations - IT Assignment Help

Assignment Task

TECHNOLOGY ENTREPRENEURSHIP
WORKSHEET: My Most Admired Technology Venture

• Was the market addressed by the venture new or previously unidentified, or was it known but not yet addressed satisfactorily? Explain. Insert response here (similarly for all other questions)
• Is the venture’s product, process or service unique or a new innovation, or was a similar product offered previously but not effectively? Explain.
• Does the venture rely on a new or especially clever business model? Explain.
• Does the venture rely on a new or proprietary enabling technology, or is the technology in relatively widespread use? Explain.
• Was the venture founded by a serial entrepreneur or by a first-time founder? Has the leadership changed since the venture was founded?
• Did the venture beat all other key competitors to the market or was it a follower or even a laggard? Explain.
• Does the venture appear to have high potential for growth of sales and profits, or is it a niche business with modest growth potential? Explain.
• Does the venture have a strong competitive advantage? On what basis? Are there barriers to entry that would impede imitators or other firms that might seek to address the same market? Explain, naming known strong competitors, if any. Explain.Does the venture challenge established major corporations? Is it disrupting a previously established way by which the same market need was addressed? Explain. Are there concerns that lie ahead for the venture? Explain.

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