Entrepreneurship and Innovation in Management †MyAssignmenthelp

Question: Discuss about the Entrepreneurship and Innovation in Management. Answer: Introduction In the past years, entrepreneurship has gained momentum and has become one of the fastest expanding and developing fields in the modern settings of economics. At present, in each sector of every industry which includes both the levels of small and corporate businesses, the entrepreneurs are considered as the motivating force in economy for expansion and improvements. One can definitely argue that there are insufficiency of confirmed associations between the recognized theories of modern business and the place of entrepreneurs in the organizational and economy strategy with such recognitions. A major part of the entrepreneurship includes recognition of business opportunities and analysis of feasibility of the business opportunities. Industries face increased competition and a very fast altering industrial environment (Azarloo, et al., 2017). These characteristics in the industrial environment provide new and innovative opportunities in entrepreneurship and the innovative insights whic h may enable the companies to keep with the advances of technology and respond to the new needs of the market. The key activity of entrepreneurship not only involves the introduction of a new product through innovation of product but also the recognition of new opportunities and markets like the needs of the customers. Innovation and recognition of opportunities include the process of creating new ideas and identifying new opportunities in the market (Chatterji, Glaeser Kerr, 2014). Venture capital is a specific kind of finance that is well appropriate to the requirements of the innovative technology based companies. The amalgamation of the development and research, negative earnings, intangible assets, absence of track record that is proven and uncertain prospects that are characteristics of the pre-commercial and start-up initiatives, which would lead to a very high extent of risk for the traditional companies. Venture capital relates to the consequent gap in the finances of any economy through the equity participation. Venture capital has emerged as a new and innovative method for financing during the twentieth century (Criscuolo Wilson, 2013). Venture capital can be denoted as the capital which is provided by the companies of professionals who happen to invest along with the management in rapidly growing and evolution companies which appear to have [potential for high development. Venture capital is an effective form of equity financing specially structured for funding high reward and risky projects. There is a traditional perception of the venture capital is a mode of financing projects that involve high technologies. However, the actual venture capital refers to the investment of finance for long term made in ventures that seek into harnessing the technologies which are commercially proven or the ventures which are promoted by professionally or technically qualified but by not proven by entrepreneurs. Venture capitals are also made in the ventures that involve high risks (Drucker, 2014). Venture capital denote to the financial investment in a project that has high extent of risks with the objective of earning a huge return rate. Venture capital can be identified to have consistent cycle of demand and supply. Jio Technology Telecommunication industry has been one of the most rapidly emerging sectors which have faced huge evolution in the last decade. India is currently the second largest market of telecommunication in India which is still growing. The economy of mobile in India is growing very rapidly and is adding significantly to the GDP of India. The telecommunication market provides an excellent opportunity for the providers of networks form the exogenous and native players. Jio came up with the idea to cater huge revenue in the sector of Indian telecom by providing high quality services at a very affordable and cheap price. The evolution and introduction of Jio technology has proved to be a great opportunity in business in the telecommunication sector and not just a simple idea as it has the market expansion scope for being the biggest network provider of 4G services coverage all across the country including 22 circles of telecom in India. The introduction of Jio technology has been a great busines s opportunity as it has the potential to provide bets services at a very less price as compared to other mobile operators. Jio technology is regarded as the largest startup in the world with an initial investments of Rs 1,50,000 crore which is structured to provide free voice calls and services of 4G internet at Rs 50 per GB (Gonalves, et al., 2016). In this country the population of around 1.2 billion, there are around 212 million users of smart phones existing. This sort of huge market is still untapped which acts as a great market opportunity for the Jio Technology to be successful. The target market for the Jio technology is the Indian mass which covers 120 million users who are currently provided with Lyf 4G services. Further the company would acquire whole new groups of customers. Due to the high speed internet services has been easing the implementation along with smooth experience regarding use of internet. All of this technological benefit is being provided to the customers at a very affordable infact cheapest price. This enables the customers to use the services form Jio technology. Apart from the internet and mobile services, Jio technology is also launching the funding firms which will invest in the digital products and platforms (Halkias, et al., 2014). This will lead to the new ventures in various categories such as healthcare, rural lifestyle, agriculture, niche products in the market, etc. By becoming biggest producer of such heightened technologies, it will be able to make money even after providing its services at such low rates. This will happen deu to increased and expanded base of customers all across the country. The Frontier capital movement has witnessed huge momentum at a very early stage. It ahs been observed that the company has served to have right business opportunities for various investors as it has the potential of attracting huge benefits form a diverse set of business players in the global market. Impact investors, influential leaders of business, conventional venture capitalists, government policy and development of financial institutions have played significant role in directing the risk of the capital in orientation of innovations in a variety of sectors. This has made Frontier Capital movement to be a great business opportunity instead of being simple business idea (Karlsson Warda, 2014). The funds raised by the company are around 105 million dollars. Frontier Venture capital which is generally named as Draper Frontier is a venture capital from which provides finances to early stage technology and media companies. The market opportunities for Draper Frontier expand all across Portland, Santa Barbara, Los Angeles, New York, and Sacramento and in other parts of the United States of America. The market for Frontier Venture Capital expands across the regions and sectors of business that have real life experience of implementing start ups. The target market of the company would include the nay market that provides scope for technological opportunities which includes biotechnology, information services, alterative energy and nanotechnology. Customers are going to use its products as they would be availing financial services including hiring, corporate management, fund raising, customer acquisition and assistance in business. The company is going to make money by providing finance services to the companies dealing with technology and media with the services regarding information services, nanotechnology and other technological services (Kraus, Ribeiro-Soriano Schssler, 2017). Betel Express has the potential to provide high quality services regarding logistics and warehousing in the region centered on Asia Pacific. The heaviness of the industry does not allow the services to be provided to the clients at low cost. Bettle Express can provide services to its clients regarding project management, barging, and bonded warehousing with high experience makes the company in having the entrepreneurial opportunity to be feasible. The company provides services regarding warehousing in order to facilitate the incoming shipments regarding transit and project cargo management along with site survey. The company has large business opportunities in the Asia Pacific region centered on Singapore, Indonesia and the entire Indonesian Archipelago (Letaifa Rabeau, 2013). The target market for the company would include the entire Asian and Pacific regions which would include the companies requiring the high quality services regarding project management, barging, full and part c harter. Customers are going to avail the services due to high quality and fats growing services that is provided at comparatively cheaper prices regarding the compete process if shipping to the loading in the vessels of the heavy cargo. The company is going to make money by providing services in the logistics and warehousing at competitive prices which would expand its customer and client base (Lusardi, 2015). Agrivo Myconscience Agrivo Myconscience has been providing exclusive organic mushrooms without the use of chemical fertilizers and pesticides. Right form growing the mushrooms, developing and providing various products associated with mushrooms throughout many countries definitely provides great entrepreneurial opportunity which is very unconventional in nature. The company provides products and conducts business activities regarding the cultivation of both medicinal and gourmet mushroom along with substrate bags. The funding for the company has been assisted by the investors which have assisted the companying developing healthy, nutritious mushrooms without any harmful pesticides. The target market of the company includes all the ASEAN countries (Maritz Donovan, 2015). The customers are going to buy the organic mushrooms which are of very high quality and have high nutrition content. The company is going to make money by continuing to provide high quality organic mushrooms, at the most affordable pric es to a large customer base (Messeni Petruzzelli Svejenova, 2015). Zalora can provide various services and products regarding fashion in accordance to the latest and every changing trend. Zalora has been reported to have finds of $ 112 in private equity. This way the services that the company would provide will be in demand all the time. Hence, the company would provide great entrepreneurial opportunities instead of just an idea. Zalora is a renowned operator in the online fashion in the continent of Asia. The company deals with the multi brand retailing regarding foot wear, clothing, and accessories sand the products for personal both for men and women (Modrego, et al., 2015). The company has great opportunities in the market regarding the fashion and apparel sector as this sector is constantly growing and evolving with changing times. The target market for the company includes the Aisan countries like Singapore, Thailand, Vietnam, Malaysia, Brunei, Hong Kong and Brunei. The customers are going to us the products of Zalora as they are updated and i n sync with the latest trends of fashion which suits the taste of both men and women. The company is going to make money by inculcating large scale expansion of its fashion business in the other countries other than those present in the continent of Asia (Sahut Peris-Ortiz, 2014). Astroscale is a company that provides services regarding innovative solutions against the increase in the space debris. The company provides great scope for entrepreneurial opportunity as it provides sustainable use of the environment of space which is very much required in this present era of structural development. It is the first private company to secure the safety of the long term space flight by resolving and improving services regarding space debris removal. It has funding form ANA Holdings, OSG Corporations, Innovation Network Corporation of Japan as $25 million, $ 35 million, $ 7.7 million respectively (Sharpe Schroeder, 2016). The market opportunities for the company are very narrow yet intense as it deals with the highest technological aspect associated with space. The clients and customers of the company are going to use the products as it has become increasingly important to remove clutter and debris from the space for saving the space mission and stations that are very much significant for our planet. The company is going to make money by providing highly efficient techniques and services associated with debris removal and other innovative space ventures. Ninja Van is the fastest growing start up in the space of logistics which assists in providing cutting edge technology regarding logistics service in Asia. The company has wide scale operations regarding the use of technology in the optimization of logistics which provides great scope for entrepreneurial opportunity. The company provides resolution r regarding logistics space through multi-scaled strategic associations, and advanced technology through distributive and reactive systems. The company is funded by Abraaj Group and Monks Hill Ventures with $ 30 million and $2.4 million respectively. The market opportunities for the company are extensive in nature as it deals with the logistics and warehousing integrated the advanced technology which is always demanded in such heavy industries. This can be further described by the high scalability of the capacity of the company which is existing due to high demand of the services among its clients (?ledzik, 2013). The target market for the company revolves around the Asian countries includes the countries which are nearby Singapore. The customers will buy the services as the company provides integrated services regarding logistics by integrating the reactive and distributed system at competitive prices. The company can make money by providing services along with routing software layer regulating legacy assets to its clients. NSEIT is a international technological company with a s key focus on the industry of financial service. The company provides eneterpreneurial opportunities as the domain of the company is widely extending form expertise and technology regarding Analytics, Integrated Security Response and many other technological services which are aligned with the requirements of the financial institutions. The company offers application services, assessments services associated with IT enabling, Infrastructure services which are in accordance to the BFIS segments. The prime focus of the company is the key technologies which enable the company to use new and advanced trends regarding the digital technologies such as mobility, analytics, cloud computing. This way the market opportunity for the company is ever growing. The target market for the company would include all the countries which are growing and are leading in technological aspects similar to United States and India. clients and customers are going to use the services of the company as it provides high quality technologically integrated services in the financial institutions (Soares, et al., 2013). The company is going to make money by expanding its markets and providing more innovative services to the clients. TradeHero is a company that deals with the free stock market simulation app that attracts the data from the real world forms the stock exchange for creating a competitive international network for social investment. This provides a great opportunity as entrepreneurial opportunity as the users can avail a platform for competition among the users regarding the social networks or on the international leader boards with various users all across the world. The high technological presence facilitates opportunities for the company . The company has funding form IPV Capital and Kleiner Perkins Caufield Byers. Market opportunity for the company is wide scaled and spread all across the world as it is completely technologically based app which would provide huge platform for the traders for monetization of the expertise of investment by democratizing trading in a single app that can be used by individuals across the world. The target market for the company can be all countries where technology is on demand. The customers are going to avail the service as its s has only small monthly fees for receiving the services regarding monetizing of their investments in single app which is every convenient. The company is going to make more money any sharing subscription revenue from the followers. Sherelt provides huge opportunities for entrepreneurships as it is inculcates social network in trading which enhances the business operation on a wide scale. The company is a white labeled business organization which deals with the social trading network for the companies handling with stock brokerages (Wu Huarng, 2015). It has raised funds form Startupbootcamp and Startupbootcamp FinTech Singapore of about $ 15k. The market opportunity for the company is huge as the company can provide expanded services regarding share trades with other traders on a global scale. The target market for the company will include all the global countries which have most of public investing in stock market (Thbaud, 2015). The customers will avail the services provided by Sherelt due to the increased flow of deals, increased ratios of conversion and enhanced services. 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