Case study

LSC – London School of Commerce

Assignment Management Skills and Entrepreneurship Understanding the Entrepreneurship and its Management Challenges

Managing Human Capital
Lecturer: Mervyn Sookun MBAE Talita Chagas
ID: L0011DADA0312

Table of Contents

Introduction3
1. Entrepreneur: Definition
1.1 Joseph Schumpeter: "Creative Destruction." 4
1.2 How does an entrepreneur think?5
2. Change: Opportunity or Threat?6 3.1 Porter’s Diamond7
3. Innovation
3.1 Sources of Creativity and Innovation9
4. Opportunity: The Porter's Five Forces11
5. PRICING MODELS
5.1 Generic Strategies12
5.2 Bowman's Strategy Clock12
6. Business Plan and its Associate Importance14
7. Finance Management
7.1 Business Angels14
7.2 Venture Capitalist15
7.3 Bank15
8. Operations, Growth and People Management15
8.1 With an eye on progress16
9. Strategic Management
9.1 Game Theory16
9.2 Importance of Blue Ocean17
Conclusion 18
References19

INTRODUCTION
Any discussion about innovation attracts companies and their ways to compete strategically for leadership. At the same time, there are discussions on the new needs of different professional profiles. The key to organizational success is increasingly based on individuals, their skills and individual characteristics. Identify and pursue new ways of associating resources and market opportunities is vital responsibility of people to meet the requirement to continuously add more value to the organization.
Innovative ideas are formed through a deep interaction between professionals environments possess