ENTREPRENEUR-MIND. ENTREPRENEURSHIP pptx

entrepreneurship

1. GATE 3: Execution Machinery Management Skills Methods

2. The entrepreneur will have many thing to do on their own.

3. The entrepreneur needs to get thing done for the business, through other people . This requires reasonable emotion quotient (EQ).

4. Without good Execution: Ideas remain as ideas. Plans cannot be carried out and turn into profit or cash flow.

5. Importance and Entrepreneur: Detailed guidance Build a strong execution engine.

6. Ideas cannot be carried out without people and process. Where the entrepreneur will be spending a lot of time pivoting.

7. Machinery: Organizational structure that ca n deliver the value planned. The organizational structure can only be identified after the valued proposition is formulated.

8. Aris Alip : Started lending money to the poor via his Center of Agriculture and Rural Development (CARD) in 1986.

9. CARD’s organizational culture and values are aligned with their mission of eradicating poverty. Even approval of micro loans are decentralized and done at the branch level.

10. Small loans of 5,000 and below can be approved by their Account Officers. While 50,000 and below can be approved by their Unit Managers, at the field level.

11. Methods: Systems and processes that allow the entrepreneur information and control. Revenues Run rate Cost and goods sold Gross margin Net profit Cash flow Repeat purchase rate Sales and profit projection and basis for valuation.

12. Management Skill: The ability to carry out the plans through people rewards and leadership. John Gokongwei’s group of companies ( JG Summit) JG Summit is the holding conglomerate group of companies .

13. The corporate governance in charge of growth opportunities as well as approval of business plan are done via an executive committee ( Excom )

14. Executive Committee : Which has oversight function on empower business units. Corporate center units. Clear authority limits to ensure appropriate checks and balances.

15. Systematic Planning process : Watertight operational procedures Comprehensive audit system to spot exceptions .

16. THANK YOU...