Planning and Starting A Successful Software Company

12/16/99


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Table of Contents

Planning and Starting A Successful Software Company

How to Contact Me

Introduction

Ronald M. Baecker

Ronald M. Baecker (contíd)

Objectives

Methods

Course Themes

Other principles for success

Guest Entrepreneurs

Strategic Issue Session

Schedule Day One

Any Questions?

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I. Innovation in The Software Industry

Data on the Canadian Software Products Industry

Data on the U.S. Software Products Industry 1

Data on the U.S. Software Products Industry 2

The Multi-faceted Business of Software

Varieties of software-related business

Many Kinds of Software

Hardware-enabled Software Paradigms

Examples

Drucker's Sources of Innovative Opportunity

New knowledge

New hardware paradigms

New software paradigms & proprietary algorithms

The unexpected

Process need

Changes in industry or market structure

Demographics

Incongruities

Changes in perception, mood, or meaning.

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II. Focus and Objectives ó Defining and Planning the Business

An Equation for Entrepreneurial Success

Silver's Law of Venture Capital

The Entrepreneurial Spirit

What is entrepreneurship?

Focus and Objectives

Dimensions of focus: technology and market

Dangers of too diffuse a focus

A lesson in defining objectives

Self Knowledge

Competitive Edge

Varieties of competitive edge

Distinctive Competence

Examples of distinctive competence

Proprietary Technology

Examples

Barriers to Entry

Varieties of barriers to entry

Saturated distribution channels

How to combat barriers to entry

Other Sources of Competitive Edge

The Business Plan

Substance of a typical plan

Executive summary

Concept and objectives

The market

The product and the technology

Marketing and sales strategy

Competition and competitive edge

The company

Financial forecasts and projections

Investment proposal

Possible appendices

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III. Opportunity and Timing ó Market and Product Planning

Market Definition

Criteria for well chosen markets

Examples of well chosen markets

Characteristics of poorly chosen markets

Examples of poorly chosen markets

Customer Identification and Characterization

Dimensions characterizing customers

Market Segmentation and Sizing

Market segmentation: multimedia titles

Market sizing: the U.S. K-12 school marketplace

Market sizing: the U.S. K-12 school marketplace

Market sizing: tax packages for accountants

Market segmentation exercise: the Internet marketplace

Competitive Analysis and Product Differentiation

Competitive analysis

Examples of product positioning

Product differentiation via a positioning diagram

Market Niche

Characteristics of market niches

Examples of market niches

Market Share

Advantages associated with market share

Market Window

Examples of market windows

Business Redefinition and Corporate Agility

Examples of business redefinition

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The business plan

Proprietary Technology and Capability

Proprietary Technology and Capability

Proprietary Technology and Capability

Proprietary Technology and Capability

Proprietary Technology and Capability

Proprietary Technology and Capability

Marketing and Distribution

Marketing and Distribution

Marketing and Distribution

Marketing and Distribution

Marketing and Distribution

Marketing and Distribution

Cash

Cash

Cash

Leadership and Management

Leadership and Management

Leadership and Management

Partnerships

Course Wrapup

8 themes

21 key principles for success

21 key principles for success (cont.)

Good books to read

More books to read

And even more books

And, finally...

Author: Ron Baecker

Email: rmb@dgp.utoronto.ca

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