Venture Challenge - to instill ethical behavior

I believe ethical business only existing in a company with all ethical employees. As long as managers and employees are ethical, venture will be on good shape. So first of all, I believe to hire only ethical persons is essential. Second, venture needs to keep track of ethical culture as an on-going behavior. Third, we need to encourge anyone who see any unethical activity to report to upper management without worry about being punishment or revenge. Last but not least, for all decisions made in company, venture should listen to everyone's voice carefully and most likely lower level non-management employees tend to see unethical behavior in company and their opinions are so important.

Venture Challenge - plans to act as adaptive org

Our business plan includes market research/segmentation and develpment based on what we found at step 1. That is to put customer's need as our base. During our recruting of persons, we only invite or hire who cares customer's need to be part of company. That is to be sure we can keep the "adatpvie" in our mind.
With the good start and on-going execution, we can make sure company is always an adaptive organization.

Venture Challenge - business plan executing with resources

My brief business plan executing includes
1. market research and segmentation
2. find right and skilled persons to join
3. lead right skills persons to execute market-researched product development

Venture Challenge - value web

In my value web, customers will have connections with credit card/billing checking company and OEM/partners. They can use the connections to build channels for other financial products or partner store products sale with customers. If partners stores serve custeroms well, customers will have more trust relationship built and when customers want more products, those stores coule earn the business.

Of course, venture also builds relationship with both. With billing check partner's help, my venture does not need to handle charge and billing details and this will save us lots of details. With relationship with OEM/partners, we can use their help to introduce us to other channels and potentially build a much wide conenctions with world.

Venture Challenge - describe key business provesses in my venture

In my venture, customers register and setup user accounts and their target email accounts first. Then Sales department receives customers' orders and passes orders to Billing department. Billing department is responsible for credit card or billing check. Once billing check finish, Service department starts link customers' accounts with serive system and customers should be able to use the service.

Types of Ventures

No matter what kind of industries or what kind of products, there is always a life cycle of a market. when most persons think only technology-break-thru idea could make a buesinss flying, that is not true. In fact, a business can be successful or not depends on how good it can realize the stage of the life cycle and put itself on right position. For example, tissue paper market is a mature industry therefore Kleenex spends lots of marketing fee on doing advertisement and they are still making good profit. However if someones want to build a start-up from garage w/o rich family, a disruptive idea should be the only way to do.
When Jack Welch took CEO role at GE, he realized most of GE's products are on declining period, What he focused was to restructure GE. Only profitable and on great postion on market were kept, others all gone. That shows no matter where you are on the chart, as long as you can realize and play great role, you have your chance.

The Business Plan

A business plan is a formal statement of a set of business goals, the reasons why they are believed attainable, and the plan for reaching those goals. It may also contain background information about the organization or team attempting to reach those goals - Wikipedia
Beyond the definition, business plan is also a check list which founders can use to "prepare" before "go". Business plan should be set and keeps flexible when business is building. Risk of it could be either not able to complete or inadequate for organization...
One important part of a business plan is to tell a story. There are 3 stages including
1.Set the stage
2.Introduce the dramatic conflict
3.Reach a resolution
The style of Steve Jobs' presentation normally starts with a "conflict" or "problem" and such problem will frustrate everyone so bad and make everyone wants to see a life saver. Then it would be the time for him to introduce Apple's new products. No doubt, he is a master of story teller.