Entrepreneurship
• 2.) Describe typical behavioral
characteristics of an effective entrepreneur.
– Identifying personal strengths and weaknesses
to determine the need for additional information
• 6.) Explain risk factors that affect
entrepreneurs, including financial,
psychological, and physiological aspects
• 7.) Analyze national and international
economic fluctuations to determine their
effect on business markets of interest.
• 12.) Analyze government regulations to
identify their impact on business ownership.
– Strengths
– Weaknesses
– Opportunities
– Threats
http://www.adamteer.com/swot-analysis/
http://www.youtube.com/watch?v=AXVhTBTsZVY
External
Internal
• The internal business
environment includes
factors within the
organization that impact
the approach and
success of your
operations.
• Strengths
• Weaknesses
• The external environment
consists of a variety of
factors outside your
company doors that you
typically don't have much
control over.
• Opportunities
• Threats
http://smallbusiness.chron.com/internalexternal-environmental-factors-affectbusiness-69474.html
Examples of
Strengths:
• Excellent sales staff with
strong knowledge of
existing products
• Good relationship with
customers
• Good internal
communications
• High traffic location
• Successful marketing
strategies
• Reputation for innovation
Examples of
Weaknesses:
• Currently struggling to
meet deadlines - too
much work?
• High rental costs
• Market research data
may be out of date
• Cash flow problems
• Holding too much stock
• Poor record keeping
http://www.business.qld.gov.au/business/start
ing/market-customer-research/swotanalysis/example-swot-analysis
• Government Regulations
• NAFTA
• Trade Barriers
• OSHA
• Inflation/Deflation
• Natural Disasters
• Competition
• Holidays
• Events
http://www.docstoc.com/docs/139978433/NA
• Market
FTA-Overview
http://jlanouette.blogspot.com/
• Can you sell your product in another
country?
• Is there a market for your product?
• Are you going to make your product here
or overseas?
• What are the government regulations?
• What is the currency difference?
• Do you have the resources to globalize?
http://www.stdirectoryedu.com/articles/understanding-what-a-degree-ininternational-business-allows-you-to-do-79.html
What is the SWOT Analysis of Google?
Strengths
Weaknesses
Google
Opportunities
Threats
http://foxhugh.files.wordpress.com/2014/01/swot-analysis-google-yahoo-microsoft.png
•
•
•
•
•
•
•
•
•
•
Organizational and Operational
Strategic Risks
Innovation
Financial
Employee Risks
Compliance Risks
Environmental or Natural Risks
Technological
Health and Safety
Political and Economic
http://www.business.vic.gov.au/disputes-disasters-andsuccession-planning/how-to-manage-risk-in-your-business/typesof-business-risks
http://evomag.co/2013/04/are-you-a-risk-taker/