MGMT 340 Lecture Notes - Lecture 3: Outsourcing, Operating Leverage, Quinoa
Document Summary
Favorable juncture of circumstances with a good chance for success or progress or create the need for a new product, service, or business. All ideas deserve to exist but not all ideas deserve to be in the market place. Increasing the value of a product or service. New applications of existing means or tech. New to the world product or service. Addition to existing product or service line. Product or service improvement including of new features or option or change. New application of existing product or service, including to a new market segment. Repositioning of an existing product or service. Opportunities from personal experience: identify problems personally experienced as a consumer. Inside-out approach: opportunities from skills or abilities that you have or that you"re good at. Outside- in approach: what can be done out there to make a good business, example: identify three business ideas in dallas. Opportunities by finding a more profitable use of a resource.
