1. ENTREPRENEURSHIP AND
GOOD GOVERNANCE

2. What is
entrepreneurship…???

3. • ‘entrepreneurship is a process
through which individuals
identify opportunities, allocate
resources, and create value.
This creation of value is often
through the identification of
unmet needs or through the
identification of opportunities
for change’

4. Who is an
entrepreneur…???

5. An entrepreneur is one who always
searches for change, responds to
it and exploits it as an opportunity.
Innovation is the basic tool of
entrepreneurs, the means by which
they exploit change as an
opportunity for different business
of service.

6. TYPES OF
ENTREPRENEURSHIP
• Innovative entrepreneurship.
• Imitative entrepreneurship
• Fabian entrepreneurship
• Drone entrepreneurship

7. Six Ways Financial Management
Helps Your enterprise Succeed
2. Manage Customers and Sales.
Know and understand your customers
3. Production.
through consolidated records.
1. Cash Flow. Obtain goods and
Track the money services. Apply for and
going in and out of establish credit with
your enterprise. your vendors.
YOUR
enterprise 4. Compliance.
Report your
6. Funding.
company’s incomes,
To be considered for
expenses, and payroll
a loan or investment,
accurately to the IRS.
you’ll need complete
financial statements.
5. Insight and Decision Making.
Make informed decisions – and price your product or
service for profitability – with financial reports

8. Kinds of Ethical Issues
• Ethical Issues in entrepreneurial Operations
– Income and expense reporting (income tax
fraud)
– “Truth in advertising”—persuasion and
deception
– Bribing customers and rigging bids
– Direct selling—pyramid schemes, bait-and-
switch selling
– Effect of owners’ ethics on their employees
– Accurately reporting financial information

9. Kinds of Ethical Issues (cont’d)
• Ethical Issues and Employees
– “To do an honest day’s work”
– Fraudulent workers’ compensation claims
– Theft of company property and embezzlement
of funds
– Violation of personal ethics to make a sale

10. Good
Governance

11. Governance is the activity
of governing. It relates to
decisions that define
expectations, grant power
or verify performance

12. Governance in its
widest sense refers to
how any organization,
including a nation is
run. It includes all the
processes, systems
and controls that are
used to safeguard and
grow assets.

13. governance is not…
…a mystery
…a magic pill

14. If there were a
recipe for good
governance what
would be on the
ingredients list?
•Reporting
•Performance management
•Financial management
•Contract management
•Demand management
•Risk management

15. good reporting is …
Regular
Clear
Complete
Unequivocal metrics
Fit for purpose metrics

16. Performance management is…
Service level reporting
Problem management
System/process change
Project management

17. Financial management
Budgetary management
Invoice reconciliation
Benefit tracking
Business case mgt

18. Contract management
Compliance on both sides
Maintain lists and schedules
Manage change

19. Demand management
• It still has to be about the
customer
• Collaboration between
customer and supplier will
make all the difference
• Keep it visible

20. Risk management
• Audit
• Protection of
commercial position
• Review of key docs
such as exit plan

21. Thanks for your Attention!