professor david goldsmith enterprise thinking. projects time impact on firm roi money priority (max...
TRANSCRIPT
PROFESSOR DAVID GOLDSMITH
ENTERPRISE THINKING
EVALUATING OPPORTUNITIES
ProjectsTime
Impact on firm
ROI Money
Priority(Max Hrs) (1-100) Invested
Finish studying English 320H/ 4 Months
70More
opportunities8,000 4
Get a job20 H/ Month
45Economic
Independence, Experience
10,000 6
Open my restaurant 480 H/ 6 Months
90 Independence 50,000 1
Complete the Certification in Marketing Management
112 H/ 4 Months
75 Better Job 5,000 3
Start a Masters in Marketing and Publicity
960 H/ 24 Months
55Knowledge, Better Job
15,000 5
Start food handling course 240H/ 3 Months
80Knowledge to implement in
my Restaurant5,000 2
MANAGING PROJECTS
3 Months 3 Months 24 Months
Complete the
Certification in
Marketing Management
Start food handling course
Open my restaurant
Start a Masters in Marketing and
Publicity
4 Months 6 Months
Finish studying english
REDEFINING
STEP 1. CHALLENGE STATEMENT
I want to create my own restaurant fast and successfully
CHALLENGE STATEMENT TEST
Test Questions Column 1
1. Is the CS one issue? NO
2. Is the CS in the present or future tense?
Present
3. Is the CS a problem or solution? Problem
4. Are the CS facts verifiable ? Yes
5. Are the CS assumptions valid ? Yes
6. Is the CS essential to your overall goal?
Yes
STEP 1. CHALLENGE STATEMENT
I need to raise funds to open my restaurant
CHALLENGE STATEMENT TEST
Test Questions Column 1
1. Is the CS one issue? Yes
2. Is the CS in the present or future tense?
Present
3. Is the CS a problem or solution? Problem
4. Are the CS facts verifiable ? Yes
5. Are the CS assumptions valid ? Yes
6. Is the CS essential to your overall goal?
Yes
STEP 2. SHOULD STATEMENT
I should raise funds to open my restaurant
CHALLENGE STATEMENT TEST
CRITERIA Column 11. Is reframed CS specific or generalized? Specific
2. Is reframed CS positive opposite? Yes
3. Is the reframed CS in the ultimate form?
Yes
STEP 3. WWIT STATEMENT:
What would it take to raise funds to open my restaurant?
SOLUTIONS
Go to the Bank Ask to my parents Start working Win the lottery
AHA MOMENT
I need an Alliance
TYPES OF ALLIANCES
ALLIANCE: JOINT VENTURE
Legal entity formed between two or more parties to undertake an economic activity together
Share the risk Contribute equity Share revenues, expenses, assets and control of the
company
ALLIANCE: JOINT VENTURE
STRENGTHS PARTNER 1
+WEAKNESSES
PARTNER 2
SUCCESSFUL ALLIANCE
WEAKNESSESPARTNER 1
+STRENGTHSPARTNER 2
ALLIANCE: JOINT VENTURE
Partner 1
Monetary resources
Financial knowledge
Relationships Experience
• Monetary resources
• Marketing Knowledge
• Relationships• Experience
Excellent service Good Quality Successful in the business Sharing risk and expenses Sharing responsibilities
Partner
2
Alliance
CRITICAL PATH METHOD
CPM
PLANS FOR OPENING DAY
Activity Designation Predecesor Time (Days)Deciding the date of opening day
B A 1
Making the guest list C A 2
Send invitations D B, C 6
Promote the event on radio
E M 10
Deliver flyers F M 6
Hire decorators H D 1
Ask the authorities for permission for opening day
A -------------- 8
Hire a band J D 5
Product samples preparation
L E 1
Souveniers K D 5
Hire a car for the promotion of the event
M K,J,H 1
Opening day N L 1
CRIYICAL PATH METHODEarly Start and Early Finish
ES=16
ES=8 EF=17 ES=22
EF=9 EF=32
ES=0 ES=33
EF=8 EF=34
ES=10 ES=21
EF=16 EF=22
ES=16
EF=21 ES=32
EF=33
ES=8 ES=22
EF=10 EF=28
ES=16
EF=19
A N
C
H
L
F
E
MJD
K
BActivity Desig
Deciding the date of the
inaugurationB
Defi ne the guests C
Send invitations D
Promote the event on
radioE
Deliver flyers F
Decoration hire H
Wings authorities asking
permission to hold the
event
A
Hire the group will play J
Product samples
preparationL
Souveniers K
Hire a car for the
promotion of the eventM
I nauguration party N
34 DAYS
CRIYICAL PATH METHOD
LS=20
LS=9 LF=21 LS=22
LF=10 LF=32
LS=0 LS=33
LF=8 LF=34
LS=10 LS=21
LF=16 LF=22
LS=16
LF=21 LS=32
LF=33
LS=8 LS=26
LF=10 LF=32
LS=18
LF=21
A N
C
H
L
F
E
MJD
K
B
Late start
34 DAYS
Activity Desig
Deciding the date of the
inaugurationB
Defi ne the guests C
Send invitations D
Promote the event on
radioE
Deliver flyers F
Decoration hire H
Wings authorities asking
permission to hold the
event
A
Hire the group will play J
Product samples
preparationL
Souveniers K
Hire a car for the
promotion of the eventM
I nauguration party N
CRITICAL PATH METHOD
A N
C
H
L
F
E
MJD
K
B
34 DAYS
ACDJMELN= 34 DAYS
PLAN YOUR DAY THE DAY BEFORE
P P7am 2pm Tuttor lesson
8am English class 3pm
9am 4pm Work on
presentation Mareting
10am Final exam 5pm
23 Street 1 Av
11am 6pm
12pm Go to Hunter to
submit fi nal essay
7pm
1pm 8pm Plan Tomorrows Agenda
30 Lunch
12-Mar