02 Enterprise Ecosystem PDF

7/29/2024 Enterprise Ecosystem 1 2 1  7/29/2024 An ecosystem is a geographic area where plants, animals, and other organisms, as well as weather and landscape, work...

7/29/2024 Enterprise Ecosystem 1 2 1  7/29/2024 An ecosystem is a geographic area where plants, animals, and other organisms, as well as weather and landscape, work together to form a bubble of life. Ecosystems contain biotic or living, parts, as well as abiotic factors, or nonliving parts. Biotic factors include plants, animals, and other organisms 3 Why do the entrepreneurs need Supportive Ecosystem for the success of their ventures 4 2  7/29/2024 Enterprise Ecosystem A enterprise ecosystem is the network of organizations—including suppliers, distributors, customers, competitors, government agencies, and so on—involved in the delivery of a specific product or service through both competition and cooperation. 5 Enterprise Ecosystem The idea is that each entity in the ecosystem affects and is affected by the others, creating a constantly evolving relationship in which each entity must be flexible and adaptable in order to survive, as in a biological ecosystem. Ecosystems create strong barriers to entry for new competition as the ecosystem already consists of the players that allow it to function. 6 3  7/29/2024 Enterprise Ecosystem Enterprise ecosystem provides mechanisms to leverage technology, achieve excellence in research and business competence, and compete effectively against other companies 7 Policy and Research and Regulatory Technology Development Metros, Advisors and Enterprise Entrepreneurial Support Culture System Ecosystem Human Global and Capital and Local Markets Workforce Access to Development Finance 8 4  7/29/2024 Policy and Research and Regulatory Technology Development Metros, Advisors and “Traditional” Enterprise versus “growth- Entrepreneurial Support Culture oriented” System Ecosystem policy approaches Business registrations, taxation, import & export, legal, labour Human Facilitative Regulatory Global and farmer and Capital and Local Markets Workforce operations Access to Development Finance 9 Policy and Research and Regulatory Technology Development Metros, Advisors and Enterprise Technological innovations Support Entrepreneurial Culture System Ecosystem National innovation system Technological incentives Human Access to technology Global and Capital and Local Markets Workforce Access to Development Finance 10 5  7/29/2024 Policy and Research and Regulatory Technology Development Metros, Advisors and Enterprise Entrepreneurial foster entrepreneurial Support spirit Culture System Ecosystem amongst citizens, allowing them to innovate and create new startups that can succeed Human and compete, Globalsometimes and on a Capital and Local Markets global level Workforce Access to Development Finance 11 Entrepreneurial Culture It can be defined as the Environment suitable values, beliefs, attitudes and for innovation, creation and risk behavior of individuals taking within a society. These factors facilitate or obstruct the creation and management of enterprises and can be considered as the basic of a socio-cultural environment 12 6  7/29/2024 https://blog.circleloop.com/enterprising-nations 13 https://blog.circleloop.com/enterprising-nations 14 7  7/29/2024 Policy and Research and Regulatory Technology Development Development of skilled workforce Training & development Metros, Educational Enterprise Advisors and & vocational Entrepreneurial Support Culture System Ecosystem Human Global and Capital and Local Markets Workforce Access to Development Finance 15 Policy and Research and Regulatory Technology Development Access to finance Bank finance / financial schemes Venture capital Metros, Start-up Advisors Support and capital Enterprise Entrepreneurial Culture System Ecosystem Human Global and Capital and Local Markets Workforce Access to Development Finance 16 8  7/29/2024 Policy and Research and Regulatory Technology Development Market information Market Facilitation Trade agreements Metros, Advisors and Enterprise Import and export Entrepreneurial Support Culture System Ecosystem Human Global and Capital and Local Markets Workforce Access to Development Finance 17 Policy and Research and Regulatory Technology Development Consultants, mentors and advisors Metros, Business support systems Advisors and Enterprise Entrepreneurial Support Culture System Ecosystem Human Global and Capital and Local Markets Workforce Access to Development Finance 18 9  7/29/2024 Policy and Research and Regulatory Technology Development Metros, Advisors and Enterprise Entrepreneurial Support Culture System Ecosystem R & D incentives Institutional network Human Global and Technological capabilities Capital and Local Markets Workforce Access to Development Finance 19 Enterprise Ecosystem Driving new collaborations to address rising social and environmental challenges Harnessing creativity and innovation to lower the cost of production or allow members to reach new customers Accelerating the learning process to effectively collaborate and share insights, skills, expertise, and knowledge Creating new ways to address fundamental human needs and desires 20 10  7/29/2024 Enterprise Support – Operating Environment Perspective Firm Level National Level - Access to Finance National Level Industry Level - Technology Development, R & D, product development - Consistent policy framework and innovation capacities - National Innovation System - Market access and Firm Level SMEs - Strong and facilitative marketing skills regulatory mechanism - Entrepreneurial skill - Strong Legal framework development - Coordinated institutional - Competitiveness support mechanism and focal development point - Growth focus tax policies and Sector / Industry Level tax administration - Value Chains / cluster-based development approach - HR skills development - Production network approach (Global Production - Effective licenses, permits Networks) and approvals processes - Priority sector strategy 21 Government BDS / Business Associations - Over 30 ministries serve the - Business Development Service business sector with over 90 provides (SLBDC, CEFE, SIYB) departments/ - National and regional chambers authorities/councils - Sectoral Associations - Solid regional presence and provision of portfolio of services Support Institutions / Development Partners, Organizations Private NGOs and INGOs - Accountancy, tax and consultancy firms - UN and other INGOs (ILO, IFAD, UNDP, USAID) - Banks / Financial Institutions - ADB, IFC, World Bank - Research and Development Firms - Sarvodaya - Universities and training institutions - IT 22 11  7/29/2024 Enterprise Support System 23 A Business Idea  Lack of Strategic Knowhow National Enterprise Development Authority  Lack of Entrepreneurial skills (NEDA)  Lack of knowledge on applicable Small Enterprise Development Division laws Industrial Development Board 24 12  7/29/2024 A B Business Registration  Inconsistency in prerequisites at Registrar of Companies Provincial level in relation to Sole Ministry of Provincial Councils and Local Proprietary and Partnership Government Company Name Registrations National Intellectual Property Development  Lack of Customer centric processes and informative guidance  Lack of process knowledge of company incorporation 25 A B C Business Infrastructure / Establishment  Inefficient process in obtaining MOIC (NEDA, IDB) government lands BOI  Land title disputes Land Commissioner General’s Department  Lack hence high infraspecific Department of Land Settlement industrial zones structure cost and UDA limited access to resources Local Authorities  Delays in approval processes ECB & Water Board 26 13  7/29/2024 A B C D Access to finance  Non-availability of adequate and MOIC timely credit CBSL  Absence of project based financing Ministry of Finance  Fulfilling collateral requirements. Colombo Stock Exchange  Higher interest rates due to high Government Banks risk of repayment.  Lack of access to capital market and venture capital 27 A B C D E License/Permits  Lack of informative guidance Ministry of Provincial Councils and Local  Time consuming processes Government  High cost MOIC Ministry of Internal Affairs CEA Other authorities 28 14  7/29/2024 A B C D E F Operationalization  Absence of skilled labour MOIC (NEDA, Department of Textile Industry,  Lack of knowledge about prevailing labour IDB) laws Ministry of Science, technology and research  Lack of Tax concessions (SLSI, National Accreditation Board, ITI)  Lack of access for technical knowhow for Department of Labour obtaining certifications Ministry of Skills Development and Vocational  Lack of managerial skills Training  High cost associated with working capital Inland Revenue Department 29 A B C D E F G Marketing & Promotions  Lack of policies to protect from MOIC (NEDA, IDB) international competitions and Ministry of Finance damping Small Enterprise Division  Lack of market knowledge and access to potential market  Higher associated cost for promotional activities 30 15  7/29/2024 A B C D E F G H Business Expansion  Procedural concerns in import and MOIC (NEDA, IDB, DOC) exports Ministry of Finance  Lack infrastructure to cater for higher Export Development Board capacity  Lack of government incentives for business expansions  Lack of government intervention to create value chain / clusters 31 A B C D E F G H I Business Closure  Stringent processes to follow in Register of Companies / Provincial Councils closing the business Department of Inland Revenue  Labour related issues Department of Labour 32 16  7/29/2024 33 Dr. Krishantha Wisenthige B.Sc., MBA (Pera), Ph.D (WHUT) Email - [email protected] Mobile - 0773 279826 FB / Linkedin - krishanthawisenthige 34 17  7/29/2024 35 18