General information:

Name: Amal Abdullah Alharbi

The Title of the event: Promoting Science entrepreneurship and business development in SME’s

The Data of the event: Tuesday, 30 October 2018

The organiser & presenters of the event: Ms.Maha Abuyabis

The location of the event: The class room in princess nourah Bint Abdulrahman university

Description:

At 10 a.m. of November 3, I attended an event entitled Promoting Science entrepreneurship and business development in SME’s By Ms. Maha Abuyabis , a member of the Badir program, At first she spoke about Badir and said Badir program for Technology Incubator is one of the most important national and creative environments in the field of entrepreneurship support Which was established in 2007 by King Abdulaziz City for Science and Technology (KACST) to support business opportunities based on technology and to develop entrepreneurship in the technical field Which in turn seeks to support Saudi entrepreneurs to translate and transform their ideas into realistic projects

then spoke about the services they provide, inter alia Access to investors, legal services, Accounting services , coaching and mentoring ,

The interaction of students with Ms. Maha began to write some observations to make use of their experience in the field of work, One attendant asked Ms. Maha how to save the rights of the application after added in App Store, it was a good question because we are about to launch our applications of the substance of the digital innovation and creativity

told us that they have many branches in the Kingdom of Saudi Arabia in the western region, and Taif, Abha, Alqassim, Jeddah and Riyadh, Dammam and that they have been seeking to expand in Saudi Arabia in order to continue in the development community

The clarification of an important point in the area of business that we can progress to the ideas and techniques exist abroad if it would benefit the society is not required to be new ideas for the start of the draft. We have heard speak well because it talked about a lot of important things which would be useful in the process and professional lives also was our expertise to perform the task of the substance of the digital innovation and creativity

For more about Badir : https://youtu.be/W8_XzKwcMws

Analysis of learning:

I discovered that one of the most important skills that must be owned by the Entrepreneur until a successful project is the skill to work with a team whenever the varied group was the best of the project. Also, The decent variety of colleagues can give the chances and difficulties. Assorted variety can be ordered into two sources:

Individual assorted variety: Individual assorted variety identifies with the individual qualities of the colleagues, including their age and their social foundation. Colleagues will likewise show a diverse working and learning styles and they will in general embrace distinctive jobs inside the group And Expertise decent variety: Expertise decent variable identifies with the sorts of abilities colleagues carry with them and their level of competency inside these aptitudes.

Decent variety can help guarantee that a group has what it takes and learning essential for the fruitful fulfillment of assignments. Differing groups, as long as they are very much overseen, will in general be more imaginative and accomplish objectives all the more effectively. According to Andrew Carnegie Collaboration is the capacity to cooperate toward a typical vision. The capacity to coordinate individual achievements toward hierarchical targets. The fuel enables average folks to achieve exceptional outcomes (Inc.com, 2018).

Also, the Entrepreneur to take risks and assess it The point of the hazard appraisal process is to assess dangers, at that point expel that peril, or limit the level of its hazard by including control measures, as essential. Thusly, you have made a more secure and more beneficial work environment. The goal is to try to answer the following questions:

What can happen and under what circumstances?

What are the possible consequences?

How likely are the possible consequences to occur?

Is the risk controlled effectively, or is further action required?

Also, ‏A great hazard appraisal will help to prevent accidents and ill health

Evaluation:

Many of the authors and researchers agreed with Ms. Maha in the importance of working with the team, A business visionary dependably searches for arrangements; a business person dependably hopes to move forward with his designs and his kin. That is the place “Groups” come in. A business is nothing without the general population who work behind the scenes. While the business person may have huge dreams, it is at last the team,with whose assistance he/she can understand the objectives. Enlisting the right team is in this manner critical for any business, and all the more so for a startup, since the group assumes a key job in comprehension and executing the originator’s vision. You can’t understand your vision without the group, since eventually it is your team that executes your vision by breaking it into short team objectives and guaranteeing that the objectives are met, in this way assuming an essential job in transforming your vision into a reality (Singla, 2018).

This article explains The Influence of Entrepreneurial Risk Assessment on Venture Launch or Growth Decisions : https://www.jstor.org/stable/40229464?seq=1#page_scan_tab_contents

Finally, the presence of the event added me a lot of information that will benefit me at the start of the project , was the first time i know the Badir program and i think i will move to them in the future when I want to get a successful project. Also, in the past, i was not interested to work with a team, i think i can do everything myself now, my perspective changed to work with a team and will be sure in the future to get varied and integrated teams to implement a project which benefits the community.

References:

• Inc.com. (2018). 15 Quotes to Inspire Great Teamwork. [online] Available at: https://www.inc.com/dave-kerpen/15-quotes-to-inspire-great-team-work.html [Accessed 9 Nov. 2018].

• Singla, S. (2018). Why Core Team is Crucial for Your Startup. [online] Entrepreneur. Available at: https://www.entrepreneur.com/article/270515 [Accessed 11 Nov. 2018].

Every year, endeavor associations around the globe confront galactic undertaking disappointment rates, frequently squandering a huge number of dollars per fizzled venture. Similar endeavors obsess about the reasons for undertaking disappointment, bring in costly experts to survey and recoup fizzling ventures, and regularly surrender what initially appeared all around arranged, efficient tasks, bound to progress. There is no single technique or hierarchical structure that can be utilized to oversee the tasks to progress. Distinctive associations handle the utilitarian undertakings in an unexpected way. Some have divided and decentralized gatherings with numerous titles demonstrating that they are venturing , while others may have huge conglomerations of task administration experts in a brought together help association (Pmi.org, 2018).
In present times any kind of activity is considered as a project, which has a complex character and which involves a new vision starting with the analysis of the project needs and finishing with the efficient re-usage of the project results. The pressures of the global economical and political, competitive system of the contemporary world, the competition between producers, a higher respect for the value, and the wellbeing of those who compose the human resources of the project and implicitly for the cost generated by the work factor led to the development of new techniques of project management. The first one who offers what the client wants is the winner and has all the chances to survive in a competitive system.The arrangement is to acknowledge effective tasks utilizing a proficient undertaking administration. A performing business means an investment in a successful project, with predictable and planned activities (Toader et al., 2018). I wish in this study to identify some of the reasons that lead to the failure of the project

Bad Leadership
When we see this word, pioneer, we normally think, the task director. Nonetheless, the people at every administrative level have a capability to guarantee that the venture is effective. The administration ought not micromanage but rather offer help to guarantee that the PM can finish the desires set upon them (Anon, 2018). Venturers should have been “claimed” by somebody and they require individuals who have the administration abilities to get things going. Where there is ineffectual administration, or where the administration forms administration use to track and control the task are deficient, administration can free control (Calleam.com, 2018).

Lack of experience
A project manager has a lot of responsibility. You have to allot individuals to administration jobs who have coordinating instruction and experience. In some cases, and perhaps more often than not, inexperienced managers are given projects. They might be extremely equipped for overseeing ventures, however the key is to keep them at a level where they can succeed. Otherwise, you will set them up for failure. On the other hand, there’s nothing wrong with a challenge, just don’t make it beyond their reach (Anon, 2018). If there is one ingredient that most effectively increases the chance of project success, it is expertise. Where a project lacks the knowledge and skills needed to do the work properly, quality levels and productivity are lower and the risk of serious errors or omissions rises fast (Calleam.com, 2018).
inexperienced or untrained resources, so we all are fighting for resources and today many organizations are trying to do more with less. So, it’s not uncommon to have resources on your team that are inexperienced or untrained. That’s something we have to deal with. But the idea is that when we do a set that situation up, without estimating things appropriately and taking that into account, we get into trouble. Since perhaps a specific asset or certain individual gave a specific errand or created a specific deliverable before, so perhaps have gauges from a past undertaking. Indeed, on the off chance that you set up another asset, perhaps one that doesn’t have a similar affair, ranges of abilities as the other one and you’re going off the old appraisals, if you don’t re-estimate based on the experience or the skill sets of that resource, then they’re probably not going to be able to accomplish it at the same time. So, it set’s that person up for failure and it sets the project up for failure to (Bridges, 2018).

Risk failures
Anticipating what’s to come is an unsafe action and on the grounds that activities are tied in to making the future, extends innately include hazard. Where a venture is oblivious in regards to those dangers they are probably going to keep running into genuine troubles that they neglected to envision. Those troubles are in some cases sufficiently genuine to wreck not simply the task, but rather even the association overall (Calleam.com, 2018).

Engagement, teamwork and communications failures
Undertakings are finished by individuals and most activities are improved the situation individuals. Where a task neglects to comprehend who their partners are, or neglects to draw in and speak with them adequately, the undertaking is working in a vacuum. Similarly, if the team themselves they are not collaborating effectively as individuals can end up working in silos that prevent communications flowing effectively (Calleam.com, 2018). Whether it’s between upper management, middle or with the team, it’s disastrous to have poor communication. Everyone should feel free to come forward to express their concern or give suggestions. When everyone is on the same page and there’s transparency, workflow is at an optimum level (Anon, 2018).

Please, watch the video: https://youtu.be/CTHHiBNXJ6w

Finally, I can, now say that It ought to dependably be remembered that the accomplishment of a task isn’t settled. On the off chance that an undertaking succeeds, there are likewise a few odds of its disappointment. In this way, it winds up critical for the task supervisor to know which elements can result in undertaking disappointment. It will assist him with focusing on those variables while dealing with the venture. By knowing every one of the components that may prompt the undertaking disappointment, the task chief, and his group can get ready to handle the issues that may emerge. It will, thusly, limit the odds of undertaking disappointment and augment the likelihood of the achievement of the venture

References:

• http://Pmi.org. (2018). Seven causes of project failure. [online] Available at: https://www.pmi.org/learning/library/seven-causes-project-failure-initiate-recovery-7195 [Accessed 19 Oct. 2018].
• Toader, C., Brad, I., Adamov, T., Marin, D. and Moisa, S. (2018). The Main Causes which Lead to Success or Failure of a Project. [online] http://Spasb.ro. Available at: http://www.spasb.ro/index.php/spasb/article/view/934 [Accessed 19 Oct. 2018].
• Anon, (2018). [online] Available at: https://project-management.com/top-10-main-causes-of-project-failure/ [Accessed 19 Oct. 2018].
• http://Calleam.com. (2018). Why Projects Fail – Why Do Projects Fail?. [online] Available at: http://calleam.com/WTPF/?page_id=2213 [Accessed 19 Oct. 2018].

• Bridges, J. (2018). Top 10 Reasons for Project Failure – http://ProjectManager.com. [online] http://ProjectManager.com. Available at: https://www.projectmanager.com/training/top-10-reasons-for-project-failure [Accessed 19 Oct. 2018].

According to Yetisen Entrepreneurship it is the art which involves recognizing a business opportunity, mobilizing resources and persisting to exploit that opportunity.
The significance of enterprise includes a business visionary who makes a move to roll out an improvement on the planet. Regardless of whether startup business people take care of an issue that many battles with every day, unite individuals in a way nobody has previously, or manufacture something progressive that advances society, they all make them thing in like manner: activity
It’s not some thought that is latched onto your subconscious mind. Business people take the thought and execute on it. Business enterprise is about execution of thoughts.
The business person is the individual who sees an issue on the planet and promptly centers around making the arrangement. They’re the pioneers that strike out individually to enhance society. Regardless of whether they’re making employments or another item, they always make a move to guarantee world advancement (Oberlo, 2018).
Administrative aptitudes are the learning and capacity of the people in an administrative position to satisfy some particular administration exercises or errands. This information and capacity can be learned and polished. Be that as it may, they likewise can be procured through common sense execution of required exercises and undertakings. In this manner, you can build up every expertise through learning and common sense experience (Us et al., 2018).
Being a business visionary means you will be you possess director, and in addition a chief of others. Your aptitudes should be bred with the goal for you to be fruitful. A business visionary ought to have the capacity to viably oversee individuals, a financial plan, tasks and in a few examples, speculators. This requires somebody with a performing various tasks work style who can get ready for both the short-and long haul objectives of his business (Work.chron.com, 2018).
business visionary is someone who works, a business, going out on a limb and receiving the benefits that accompany owning a business. A business vision is an idea pioneer with frequently the skill and learning of a trend-setter. Business people convey new ideas to the table. They have the correct arrangement of aptitudes and the disposition to improve and enable a vital business to advance while additionally delivering more prominent income
Certain abilities of a business visionary are fossilized prominently. However, future cutting edge business visionaries are required to have recognized administration aptitudes for a surprising status on a financial stake. A top notch business visionary flourishes in his business system by renouncing the conventional methods for administration and implanting inventive administrative abilities (Agarwal, 2018).

Here we have some important managerial skills for entrepreneurs:

Time Management
Time is an imperative factor to decide. The accomplishment of a business visionary relies on how they use their chance in assessing and organizing their assignments as indicated by significance and significance. They have duties towards their accomplices, clients and workers to make the most out of their chance. Viable time administration aptitudes empower business people to speedily entire basic undertakings. They should deal with their expert life related to their family life, making a harmony between work and home.

Balanced Decision Making
Business people can’t hope to prevail without sustaining their capacity to settle on discerning choices. Choices can be taken for the long haul or here and now relying on the working of the business. Numerous business visionaries disparage the significance of giving time in taking the correct choices, therefore, they settle on rash choices in light of instinct or guess.

Relational abilities
A business visionary must be a decent speaker with best relational abilities. They should have the capacity to speak with the general population with whom they work. A decent comprehension among representatives and its kindred people makes the work simpler. Business visionaries with solid relational abilities can think that it’s less demanding to speak with accomplices, obtain subsidizing, and create associations with forthcoming clients. Relational abilities can likewise make it less demanding to oversee partners who work for the undertaking.

Authority
Authority quality is fundamental for each business person to make the entire cooperation together and give their best in accomplishing the objective. Business visionaries must have sufficient initiative abilities to viably arrange the endeavors of everybody associated with an undertaking. Initiative aptitudes can be learned through understanding and formal training on administration strategies.

Money related Management
Enlisting a bookkeeper or fund proficient to track cash and different resources is in charge of the monetary administration of the organization. It is noteworthy when the organization arranges at the development and is bringing the speculators. An effective business visionary has the administrative abilities important to audit the books and monetary explanations to guarantee that he is constantly mindful of his business’ funds (Anon, 2018).
Finally, we can, now that we realize the importance of business management skills to help them manage projects well and achieve success. Management skills are important for many reasons. They position you to act as an effective leader and problem-solver in so many situations. Work on honing these skills and watch how they can impact your job performance and opportunities (Careerbuilder.com, 2018).

References:
• Journalrepository.org. (2018). [online] Available at: http://www.journalrepository.org/media/journals/BJESBS_21/2015/Dec/Olaoye1342015BJESBS20384.pdf [Accessed 4 Oct. 2018].

• Oberlo. (2018). What it Means to Be An Entrepreneur. [online] Available at: https://www.oberlo.com/blog/what-is-entrepreneurship [Accessed 4 Oct. 2018].

• Us, C., Sutevski, D., haq, i., Barve, R., choudhary, N., Khowaar, N., cornelius, k., Kumar, L., shri., a., rajapura, i., John, B. and Cabrera, P. (2018). Managerial Skills – 3 Types of Management Skills You Will Need. [online] Entrepreneurship In A Box. Available at: https://www.entrepreneurshipinabox.com/202/managerial-skills/ [Accessed 4 Oct. 2018].
• Work.chron.com. (2018). What Management Skills Are Necessary to Become a Successful Entrepreneur?. [online] Available at: https://work.chron.com/management-skills-necessary-become-successful-entrepreneur-9625.html [Accessed 4 Oct. 2018].

• Agarwal, D. (2018). Management Skills You Need To Be The Next Great Entrepreneur. [online] Entrepreneur. Available at: https://www.entrepreneur.com/article/283135 [Accessed 4 Oct. 2018].

• Anon, (2018). [online] Available at: https://www.linkedin.com/pulse/managerial-skills-successful-entrepreneur-dhiraj-sharma [Accessed 4 Oct. 2018].

• Careerbuilder.com. (2018). What are management skills and why are they important? | CareerBuilder. [online] Available at: https://www.careerbuilder.com/advice/what-are-management-skills-and-why-are-they-important [Accessed 4 Oct. 2018].