Wednesday, February 25, 2009

How do Strategy and Opportunity Work Together

Strategy is vision, goals and intentions. A plan that considers the consequence of all actions and opportunities within the overall strategy. The entrepreneur trades risk and time for rewards in the future.

Opportunity can produce income but not always equity.

Opportunist respond to and look for opportunity independent of strategy. Income is vital for business development and profitability.

Entrepreneurs seek opportunity consistent with their vision. They are willing to forgo opportunity to build their vision. Opportunity is always pursued within the framework of the strategy.

Both have value.

The key difference is the entrepreneur pursues opportunity to create equity and income.

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