Saturday, 24 November 2012

Engineering Entrepreneurship part 3 cont... The 5 stages...

Engineering Entrepreneurship part 3 cont...

The 5 stages in developing an entrepreneurial initiative

1. Look at the given situation, system or trend in a school, community, workplace, church, nation, city, etc.

Zimbabwe has an energy crisis, the rural folk still have to travel to major cities and towns to access basic services, job seekers roam the streets in search of jobs, both government and corporates are losing millions due to corruption, music artists suffer low sales due to piracy.

Harare and Bulawayo have persistent water problems, farmers still rely on manual labour and animal draft power, fertilizer remains scarce and expensive, market data on commodity prices remains unavailable, burglary rises during public holidays.

To ordinary Zimbabweans, the problems can only be solved politically. However, technologists have more answers to these problems than the politicians.

Cont...

Monday, 19 November 2012

Engineering Entrepreneurship part 2 There at least five...

Engineering Entrepreneurship part 2

There at least five basic stages in developing a technology enterprise;

1. Identify the flaw(s) in a situation/system/tradition.

2. Come up with different possible improvements, ideas and solutions.

3. Establish the problem statement, the significance and importance of the project, the goals, the obstacles, constraints and challenges. Qualify your project's worth, convince yourself first.

4. Research, Creativity and innovation will help you come up with the technical aspects, strategies and layout required.

5. Sharing and reaching out to the market, partners, investors, policy makers and academics.

In the next installment we explore each of the stages in detail.

Sunday, 18 November 2012

Nothing is more practical than finding God,...

Nothing is more practical than finding God,
that is,
than falling in love in a quite absolute final way.
What you are in love with,
what seizes your imagination,
will affect everything.
It will decide what will get you out of bed in the morning,
how you will spend your evenings,
how you will spend your weekends,
what you will read,
whom you know,
what breaks your heart,
and what amazes you with joy and gratitude.

Fall in love,
stay in love,
and it will decide everything.

Pedro Arrupe SJ, 1907-1991

Thursday, 15 November 2012

Engineering Entrepreneurship EE is defined in two...

Engineering Entrepreneurship

EE is defined in two parts;
(a) engineering refers to the innovation and genius in making life simpler;
(b) entrepreneurship refers to efforts to make profits out of an investment.
EE therefore refers to investing our genius into profitably simplifying people's lives.

The motive isn't just making profit but it's improving lives.
Daimler and Benz may have made profits out of the car business but their greatest achievement is easing the transport problem.
Microsoft's Bill Gates may have become a billionaire but his motive was easing people's daily lives.
Econet's Strive Masiyiwa is earning millions in profits but his greatest contribution to Zimbabwe is making communication easier.
SeedCo is a business whose mission is coming up with seed varieties that yield enough food for Zimbabwe.

The engineer/designer/innovator/genius is profiting from their skills.

Cont....

Zimbabwe's meagre $3.8 billion budget Zimbabwe boasts of...

Zimbabwe's meagre $3.8 billion budget

Zimbabwe boasts of educated people, diamonds and other minerals, fertile soils, good climate, beautiful scenery, etc.
All these point towards a prosperous nation of milk and honey.

However, the meagre budget presented by the finance minister today reflects a sad reality.
All sectors of the economy are underfunded.
Revenues remain low and government with an external debt $8bn is still looking for lines of credit.
The GDP may grow but the economic performance isn't impressive.

The diamond industry which was supposed to be the lifeline is dogged by corruption and lack of transparency.
It has lost relevance to the ordinary citizens as it has failed to change people's living standards as happened in Botswana.

The natural resources we have are being mismanaged.
Our governance system is pathetic that's why we are beggars in a country where we have so much.

Tuesday, 13 November 2012

F.E.A.R Group Unaudited financial results for the year...

F.E.A.R Group
Unaudited financial results for the year ended 13 November 2012

Group President's Statement

1. Financial Performance
The Group's revenue achieved a favorable growth by 20%.
EBITDA rose by 2% to 18%.
Debt to Equity ratio improved from 38% to 12%.

2. Corporate Social Investment
The has adopted a policy to assist the youth in Engineering Entrepreneurship which will be implemented through the Technology Initiative Africa, TIA scheme.

3. Outlook
Group seeks to consolidate its foothold in Research and Design.
The Group continues its drive in making partnerships and consortia in the region.

4. Appreciation
I express my heartfelt appreciation to our strategic partners, management, staff, customers and other stakeholders for their commitment towards our shared values and vision.

Ittai Bryan
Group President 13 November 2012

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