Open Platform Managers

  ENTREPRENEUR WEEK 6 - BLOG INTRODUCTION By   So Matthew Christian (TP075241 )   on April 27, 2024 Every successful entrepreneur has worked extremely hard to achieve their dreams and their journey to unlocking their potential and growth to expand their business. However, handling a business could be tough and stressful to compete in this revolutionary era especially when technology has integrated with society’s life. Entrepreneurs have always been recognized for their “MINDSETS” which implement various thinking and concepts to develop their business. Many haven’t realized how crucial having values, long-term missions, and cultures within a business is. Why Culture is important? Technology in culture is a permanent state in this world, both emerge with others and create “digital culture” which is a concept that describes technology and culture are shaping the way people live their lives. Not to mention it grows and is rooted in developing a business. Edgar Chein,...

  Effectuation: A Compass in Uncertainty By   Adrico Corson Mulia (TP073788)   on April 21, 2024 Effectuation is a transformative approach to strategic decision-making and determining what to do next when confronted with an uncertain situation (Sarasvathy, 2006). Effectuation is not just for entrepreneurs. however, effectuation may also be useful for companies. Companies must use an effectuation strategy to gain customers and committed partners, and then create new means and goals as resources and perspectives are added to the mix. The key difference lies in its approach. Effectual entrepreneurs use means (effects) rather than causal entrepreneurs, who begin with clear goals (causes) and then look for ways to achieve them. Working with means allows entrepreneurs to capitalize on uncertainty. Surprises generate new opportunities. Causal approaches, on the other hand, are the most common framework in business schools and entrepreneurship training programs. Effectua...

Insights from "Where Good Ideas Come From" By   Adrico Corson Mulia (TP073788)   on April 11, 2024 In his book “Where Good Ideas Come From” Steven Johnson said creativity and innovation cannot be separated.  He believes that good ideas do not just happen on their own. Instead, good ideas come up when we think about something deeply and possess emotions because of that. Furthermore, good ideas are hard to come up with. He recommends experimenting with new things and talking to people to come up with more great ideas. " https://www.goodreads.com/- Where Good Ideas Come From: The Natural History of Innovation" To begin, the reality is that finding a good idea is much more difficult. A truly good idea is the result of a process and can originate from a variety of sources. For example, they may arise when we think deeply about it, or when we try something new or interact with new individuals. Moreover, this can lead to good ideas going into our minds. By participating in...

  Effective risk management for entrepreneur By   Adrico Corson Mulia (TP073788)   on April 10, 2024 Regarding entrepreneurship, it is not far from the word risk. Therefore, entrepreneurs must prepare for risk management. Risk management is the process of preparing for and reducing the impact of potential problems. Moreover, entrepreneurship is a process of creating something so that it can add value to the economy. Running a business involves facing risks, which means the possibility of experiencing loss or failure due to certain actions or events. To begin, risk management is encouraged by a concept named Enterprise Risk Management (ERM) which is used to prevent potential problems regarding business risks. By implementing Enterprise Risk Management, companies can take steps to avoid risks, currently, several sectors such as banking, pharmaceuticals, consumer packaged goods, retail, agriculture, insurance, technology, and others have switched to ERM (Marker, 2021). Fur...