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    Entre 10-12

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    Jenneriza DC Del Rosario
    The document outlines the "12 Rs of Opportunity" screening criteria for evaluating business opportunities. Some of the most important criteria include: (1) relevance to one's vision, mission, and objectives; (2) resonance with one's values and interests; (3) potential revenues and market size; (4) responsiveness to customer needs; (5) potential for growth through expansion; and (6) reasonable requirements for resources and risks. The screening process aims to identify opportunities that are the best strategic fit and have the highest likelihood of success.

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    Entre 10-12

    Uploaded by

    Jenneriza DC Del Rosario
    135 views1 page
    The document outlines the "12 Rs of Opportunity" screening criteria for evaluating business opportunities. Some of the most important criteria include: (1) relevance to one's vision, mission, and objectives; (2) resonance with one's values and interests; (3) potential revenues and market size; (4) responsiveness to customer needs; (5) potential for growth through expansion; and (6) reasonable requirements for resources and risks. The screening process aims to identify opportunities that are the best strategic fit and have the highest likelihood of success.

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    The document outlines the "12 Rs of Opportunity" screening criteria for evaluating business opportunities. Some of the most important criteria include: (1) relevance to one's vision, mission, and objectives; (2) resonance with one's values and interests; (3) potential revenues and market size; (4) responsiveness to customer needs; (5) potential for growth through expansion; and (6) reasonable requirements for resources and risks. The screening process aims to identify opportunities that are the best strategic fit and have the highest likelihood of success.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    135 views1 page

    Entre 10-12

    Uploaded by

    Jenneriza DC Del Rosario
    The document outlines the "12 Rs of Opportunity" screening criteria for evaluating business opportunities. Some of the most important criteria include: (1) relevance to one's vision, mission, and objectives; (2) resonance with one's values and interests; (3) potential revenues and market size; (4) responsiveness to customer needs; (5) potential for growth through expansion; and (6) reasonable requirements for resources and risks. The screening process aims to identify opportunities that are the best strategic fit and have the highest likelihood of success.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    OPPORTUNITY SCREENING 6. REACH.

    Opportunities that have good chances of


    expanding through branches, distributorships,
    • Is the process of cautiously selecting the best dealerships, or franchise outlets in order to attain
    opportunity. rapid growth are better opportunities.
    • It is important to come up with a short list of a few
    very promising opportunities, which could scrutinized in 7. RANGE. The opportunity can potentially lead to a
    detail. wide range of possible product or service offerings,
    PERSONAL SCREENING thus, tapping many market segment of the industry.

    • Do I have the drive to pursue this opportunity to the 8. REVOLUTIONARY IMPACT. If you think that the
    end? opportunity will most likely be the “next big thing”
    •Will I spend all my time, effort, and money to make the or even a game-changer that will revolutionize the
    business opportunity work? industry, then there is a big potential for the chosen
    • Will I sacrifice my existing lifestyle, endure emotional opportunity.
    hardship, and forego my usual comforts to succeed in
    this business opportunity 9. RETURNS. It is a fact that product with low costs of
    production and operations but are sold at higher
    THE 12 RS OPPORTUNITY
    prices will definitely yield the highest returns on
    1. RELEVANCE to Vision, Mission, and objective of the investments. Returns can also be intangible;
    entrepreneur. The opportunity must be aligned with meaning, they come in the form of high profile
    what you have as your personal Vision, Mission, and recognition or image projection.
    objectives for the enterprise you want to set up.
    10. RELATIVE EASE OF IMPLEMENTATION. Will the
    2. RESONANCE to values. Others than Vision, Mission, opportunity be relatively easy to implement for the
    and Objectives, the opportunity must match the entrepreneur or will there be a lot of obstacles and
    values and desired virtues that you have or wish to competency gaps to overcome?
    impart.
    11. RESOURCES REQUIRED. Opportunities requiring
    3. REINFORCEMENT OF ENTREPRENEURIAL fewer resources from the entrepreneur may be
    INTERESTS. How does the opportunity resonate more favored than those requiring more resources.
    with the entrepreneur’s personal interests, talents,
    and skills? 12. RISKS. In an entrepreneurial endeavor, there will
    always be risks. However, some opportunities carry
    4. REVENUES. In any entrepreneurial endeavor, it is more risk than others, such as those with high
    important to determine the sales potential of the technological, market, financial, and people risks.
    products or services you want to offer. Is there a big
    enough market out there to grab and nurture for
    growth? Activity

    5. RESPONSIVENESS to customer needs and wants If For your own point of view, how will you describe
    the opportunity that you want to pursue addresses the “THE 12 RS OF OPPORTUNITY”?
    the unfulfilled or underserved needs and wants of
    customers, then you have a better chance of In long bond paper draw you’re your point of view,
    succeeding. at the back of your activity explain your work.

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