3000 word report (+/- 10%)
Using an entrepreneurial venture you wish to start (the new venture can be a stand-alone entity or part of an existing business (Intrapreneurship)), discuss the innovation process you would implement, future business opportunities for this new venture, and prospective strategies to move the business from a new venture development stage to the growth stage. In your answer, ensure you consider the role of government in facilitating innovation.
Please ensure you cover the following elements in your assignment:
1. In your introduction, give a brief overview of the new venture (profit or not-for profit):
2. Review the article ‘You don’t have to be an entrepreneur to be entrepreneurial: the unique role of imaginativeness in new venture ideation’. The article discusses three types of imaginativeness (Creative, Social and Practical imaginativeness). Address the following in your assignment:
3. Recommend strategies to move the business from the growth stage to business stabilisation stage.
4. Evaluate various support systems provided by the government to facilitate entrepreneurial activities. Recommend various forms of assistance required from the government to foster your businesses.
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