entrepreneurship skills training workshop
In the 21st Century global economy, the prosperity of both individuals and nations will depend up on the ability to innovate in all kinds of economic activity. Entrepreneurial skills will be vital to achieve successful innovation. There is a fundamental difference between invention (i.e. the identification of new ways of doing things) and innovation (i.e. the successful operationalizing and monetization of those new ways).
In the past, the prizes have not always gone to the inventors but to the innovators who can turn an idea into a successful business. This D.McKINSEY & ASSOCIATES LTD training course will provide the basis for individuals to identity and evaluate opportunities and, most importantly to follow them through into fulfillment and successful businesses.
Innovation is the leading edge of business evolution and in a Darwinian manner, the ideas that survive and prosper will those that are best adapted to the environment.
By the end of this training course, participants will be able to:
- Be alert to opportunities in their domain
- Assemble the data to evaluate the opportunity
- Gain support from the necessary stakeholders through effective selling of the idea
- Organize the delivery mechanism
- Maintain focus on delivering the vision and growing the business
Day One: Why this Matters Now and for this Century; Where are the Opportunities?
- Why this topic matters – historical context and the next 50 years
- Some examples of successful innovations – why they succeeded
- Some general principles for successful entrepreneurial innovation
- The importance of the entrepreneurial “mindset”
- The importance of the technology “envelope”
Day Two: Identifying and Evaluating the Opportunity (Portfolio Analysis)
- Classic portfolio approaches – Boston and Ansoff matrices
- Using market research to identify and evaluate opportunities
- Critical “hurdle” rates for entrepreneurs and investors
- Creating the “pitch” for funding
- Scaling the opportunity
Day Three: Planning the Delivery – Fishbone
- How can the service or product be produced most effectively?
- Getting the resources – money, people, materials
- Producing the business plan – the “Fishbone” approach
- Target setting and defining milestones
- Making the plan a reality.
Day Four: Acting as a “Business Angel” – Evaluating a Case Study
- What are investors looking for?
- How do “angels” evaluate opportunities?
- What is the ecosystem for business innovation?
- How to sell the idea effectively
- How to keep control of “your baby”
Day Five: Pulling it together – the Five Whys
- Why is the opportunity there?
- Why do you think you can exploit it?
- Why should investors back you?
- Why should people work with you?
- Why not do it?
This training course uses both conventional and non-traditional techniques. It utilises small group and facilitated plenary discussions as well as instruction to explore key concepts, models, tools and techniques. Hands-on exercises and case studies are used to practice the application of knowledge and use of skills. Structured reviews provide the opportunity to consider how the learning can be applied to the delegates’ own work.
- D.McKINSEY AND ASSOCIATES Ltd Certificate of Completion for individuals who attend and completes’ entrepreneurship skills training workshop course.
- Candidates who desire International Certifications shall be registered through our platform for such an examination.
D.Mckinsey is licensed to train and issue certificates by the following bodies;
– Nigerian Council for Management Education, (CMD).
– OGTAN (Oil and Gas Trainers Association of NIGERIA).
Kindly confirm space availability by calling +234 (0) 8023192104 or +234 (0) 9062386530 or send an email to email@example.com, firstname.lastname@example.org. For In-House training programs / on request, please contact us using above contact details.