Entrepreneurship Innovation | PowerPoint Presentation Sample Assignment

1. ENTREPRENEURSHIP INNOVATION POWERPOINT PRESENTATION SAMPLE ASSIGNMENT BY GETASSIGNMENT.COM.AU

2. INTRODUCTION 01 • INVENTION RELATES TO PRODUCTION OF SOMETHING NEW THAT DOES NOT EXIST IN THE PRESENT AND IT IS IN THE IMAGINATION PERIOD. INNOVATION IS COMMERCIALIZING THE INVENTED PRODUCT SUCCESSFULLY INTO THE MARKET. • The entrepreneur is the designer of the new business he gathers many resources for the implementation of the invention and innovation. • So an entrepreneur can be an inventor, innovator as well as an imitator. • The clear difference of invention, innovation and entrepreneur is given. • So the inventor’s next process is innovation and the entrepreneurship. • Therefore an inventor need not be an inventor and the innovator need not be and inventor. • The entrepreneur is a business developer who implements new strategy to achieve the market place. 02 03 04 05 06 07

3. INVENTION THAT SUCCEED COMMERCIAL • The connecting dots is an best example for invention in the business era • It is like solving multiple puzzles with the answer given • The invention can also take years and it can also be developed over a period of time. • The inventor is a person who analyze the problem what goes wrong with the system. • The invention leads to the successful innovation of the product into the market bringing lots of profit for the manufacture

4. CONTD… • Innovation and entrepreneurship are the two closely related concepts in the success of the product commercially. • Innovation is the continual upgradation of these innovations • Many companies are innovators they are not inventors because they do things that are predefined. • The innovation in the sort of productivity is much liked by the entrepreneur • Invention and innovation among people is an ongoing process

5. INVENTION THAT SUCCEED COMMERCIAL

6. Mission • Vision CONTD.... • Apple ‘i’ phone at its initial stage is invention and the continuous economy is upgraded to innovation. • The derivative of apple ‘I’ phone the differentiation and integration of the older technology. • GPS was not initially given in apple ‘i’ phone introducing GPS in the ‘i’ phone is the innovation not invention. • At present apple ‘I’ phone has got many versions and hand continual innovation it also succeeded the market commercially with high demand for its newer version (Trim Worstal, 2014).

7. INVENTION AS PROBLEM SOLVING • Innovating Solutions, Transforming Challenges into Breakthroughs. • Where Every Problem Sparks the Next Great Invention. INVENTION DESIGN

8. INVENTION AS PROBLEM SOLVING • Invention defines the new creation of a unique product that does not exist. • Invention is considered to be the development of ideas to be implemented practically. • The new concept and new ideas are based on new set of knowledge. • If invention is considered to be the best problem solver is creativity an the cognitive for creative act of innovation. • Invention in the entrepreneur is analyzed of the marketing strategy bringing new models to beat the competitive economy. • The process of invention can be considered as a problem solving as the invention

9. INNOVATION AS A PROBLEM SOLVING • Innovation is the next to invention it is creation of the instrumental novelty of the product. • The application of the invention is the innovation process. • The feasibility of the invention is studied in the innovation process. • The feasibility of the marketability is checked with the innovation process. • The cognitive resource is considered to the major problem solver of the inventive process. • The definition of the problem are picked up in the invention then analyzed in the innovation stage to deliver the product (Frank Beckenbach, 2003).

10. MARKETING STRATEGY FOR INNOVATION AND INVENTION

11. MARKETING STRATEGY FOR INNOVATION AND INVENTION Marketing strategy enables a company to do research in the restricted resources to evaluate competitive strategy to achieve their goals. Apple product has got its marketing identity due to brand towards the brand awareness, loyalty of the product and holding share in the market (Ugarthi Shankalia, 2018). The marketing strategy is the backbone of the company’s successful achievement to the goals. The most vital part of the companies conceptualization in marketing is creating an innovative marketing strategy. By implementing marketing strategy the company uses the scarce resources to achieve the goals.

12. Financial Model Building Financial Clarity for Smarter Decisions • Financial model is projecting the financial statement of a company it is a representation of the financial mathematical statement of the company (suho). • The financial model focuses on the forecast on the future financial performance of the company as such how it is going to project the financial goal in the financial year. • The financial model involves the calculation of the income statement, balance sheet and cash flow statement. • The financial models encompasses the companies financial goals and achievements

13. FINANCIAL MODEL • The maximization of the margin is key factor of every apple product. • The apple product can be brought only from Apple stores and cannot be brought from the other stores it can be bought only in apple store. • When a product is launched in the market apple ensure that it cannot be bought from the other stores. Every apple product has it unique configuration and model. • The margin is also fixed in the same way that the consumer becomes frenzy with the apple product. • Financial strategy of Apple is based on the features of the product super hyping products in order to attract the buying public at the early point when the product was launch • Discount financial analysis • Comparative analysis • Leverages • Break up analysis • Earnings per share

14. OBSTACLE FACED • The obstacles faced by the apple during the launch of their product or in the development stage includes • Technology challenges the features run out of the steam during innovation • The leadership challenge • Challenges in the competition of the product • Apple has faced a serious challenge to its two important products ‘I’ pod and and ‘I’ phone • Economic change people are in high demand for the apple products (Panos Mourdoukoutas, 2011). • There uncertainty in the navigation economy • Shift in unit sale of iphone

15. CONCLUSION • To have a successful in the business sustainable business practices should be followed. • The innovation and invent are the major parts of aproduct launch and the marketing of the product. Clear marketing strategies bring about products to reach the people. • The Apple phone marketing principles makes it to be important. • The innovation and invention are the key strategies that bring a company into market. Innovation brings about more profit and achievement of goals in business. • The product has to meet the universal standardization similarly apple meets the universal standardization. Apple is the high competitor in the phone market and it is known for its unique marketing strategy and marketing principles. • Though many obstacles are faced by the apple company still it keeps its brand in the market only by fulfilling the customer requirements through continuous innovation in the marketing field. • From the finding of the paper it is clear that to be a successful entrepreneur one has to adopt a continuous innovation and invention in the products. • The innovation of the product gives a successful commercialization of the product earning a good profit for the company as well as the best competitor in the market.