Networking is important, and it is a skill. The authors have developed an exercise that provides students with a realistic networking experience within the safe environment of the classroom. The exercise provides a lead-in to the discussion of networking techniques, active listening, the cultivation of secondary networks, appropriate ways to prepare for a networking opportunity, and tactics for cultivating relationships after a networking event. This exercise has an experiential learning and reflective assessment component so that it is aimed at giving students concrete experience, feedback, and an opportunity to reflect on ways to improve their current skill level.
1 January 2017 in Entrepreneurship Theory and Practice
The purpose of this exercise is to help students of entrepreneurship understand opportunity assessment and the personal selling process. After watching a short video about the challenges and opportunities of launching a product on the Home Shopping Network (video is optional), students are asked to identify a unique product that could be successfully sold on the Home Shopping Network (HSN). Students are then required to pitch their product to the class demonstrating how their product suits HSN's requirements, meets customer needs, and can be personally sold effectively to the network's audience. By participating in this exercise students will experience the opportunity assessment process, aspects of marketing strategies, and the importance of personal selling.