Tag: Entrepreneurship

Entrepreneurship

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1- Your textbook defines the external environment as the forces, institutions and people outside the boundary of the firm. The external environment is further
divided into the general and task environment. Identify one or more sectors in the task environment which helps to create opportunities for entrepreneurs in
the United States. Support your choice with a specific example.
2- In this unit, the DQ and the assignment are closely linked. The readings and slides for Unit 2 should have enabled you to identify an idea for a new small
business venture.
Share your business idea with your classmates and discuss 2 to 3 factors that led to making your choice.
Review the postings of at least three of your classmates and give them feedback regarding the feasibility and desirability of their business idea.
The feasibility study consists of five major sections:
Descriiption of the Business;
Product or Service (benefits, limitations, legal restrictions, insurance needs, trends, and production/delivery costs);
Industry and Market (Current industry, market potential, competition, customers, and market penetration);
Financial Requirements (Pricing, sales revenue, cost forecast, gross profit, operating expenses, and profitability);
Future Action Plan (Sources of start-up capital, further information needed, writing the business plan, and support needed). Support your opinion by citing
specific criteria that are listed on the Feasibility Study Outline.
You will be receiving valuable feedback from your classmates, so make sure you choose an idea which you intend to develop into a business plan.

 

Entrepreneurship

Posted on | by Brian Leakey | Leave a Comment on Entrepreneurship

 

A Restaurant have an interest in creating a new grading system for their customers with a new application. This is critical as the restaurant wants to delivery high standard satisfaction outcomes to improve and standardize the quality of the service they deliver and to have the possibility to partnership with other restaurants in the region. The new system ideally should assess fairly the waiters and waitresses, the cooks, and the suppliers. • Analyze the main clients and stakeholders (restaurants, customers, suppliers) and build a research method to assess the actual picture of satisfaction of all stockholders. This method will assess the new grading system as soon as the project is put into practice in the restaurant. • Identify and prepare the information to convince your boss that your project makes sense, and it is necessary to put into practice. You need to be convincing. • Create a project team: tell how you are going to create your team and how you will coordinate it. • Build up a Work Breakdown Structure (WBS) with all the tasks and their duration, resources needed and predecessors. • Establish a Project Timing and determine how long will be the project. • Assess on the risks of failure and use the FMEA methodology for their evaluation. • Determine a Balance Scorecard, including the most representative indicators and metrics to evaluate the progress of implementation. • Explain how important is the implementation of a Quality Management System to improve the efficiency of this business.

 

 

Entrepreneurship

Posted on | by admin3

 

A Restaurant have an interest in creating a new grading system for their customers with a new application. This is critical as the restaurant wants to delivery high standard satisfaction outcomes to improve and standardize the quality of the service they deliver and to have the possibility to partnership with other restaurants in the region. The new system ideally should assess fairly the waiters and waitresses, the cooks, and the suppliers. • Analyze the main clients and stakeholders (restaurants, customers, suppliers) and build a research method to assess the actual picture of satisfaction of all stockholders. This method will assess the new grading system as soon as the project is put into practice in the restaurant.
• Identify and prepare the information to convince your boss that your project makes sense, and it is necessary to put into practice. You need to be convincing.
• Create a project team: tell how you are going to create your team and how you will coordinate it.
• Build up a Work Breakdown Structure (WBS) with all the tasks and their duration, resources needed and predecessors.
• Establish a Project Timing and determine how long will be the project.
• Assess on the risks of failure and use the FMEA methodology for their evaluation.
• Determine a Balance Scorecard, including the most representative indicators and metrics to evaluate the progress of implementation.
• Explain how important is the implementation of a Quality Management System to improve the efficiency of this business.

Entrepreneurship

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Entrepreneurship is being increasingly practiced in countries throughout the world.On the basis of this statement, answer the following questions:

Why do you think entrepreneurship is growing around the world? Do you expect this trend to continue, or do you think entrepreneurship’s appeal will subside over time?
What are the three primary reasons that lead people into becoming entrepreneurs?
Which reason would better describe an eventual personal choice to become an entrepreneur?

 

 

ENTREPRENEURSHIP

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o Describe your business opportunity: Define the product or service. What customer needs are met by your business idea? o Test your idea: How would you research the market to explore interest in your new product/service.
o Present the final product/service (features, benefits, price).
o What is your value proposition?

o What is your competitive advantage compared to the industry where your business idea will compete? o Define your Target
o Describe your Business Model

 

Innovation Business Brief

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Please, dear cover all the points in number (1-2-3-4-5) and especially in number (4) because is very important.
Please dear, covers each point in rubric because is very important to I get the high degree.
Also, please dear look at pages 77 and 78 of the textbook in the end of these pages.
find attached below.

Purpose
The purpose of this assignment is for you to think critically about the importance of innovation throughout business life on a global scale.
Overview
In week 2, you wrote a brief about innovation as it relates to the company you chose (Volkswagen). You were asked to make some specific statements and a proposal for innovation with your take on what implications that proposal would have. Now you have had a few weeks to learn more. Has your thinking changed or do you stand by what you wrote in week 2? You get the chance to answer this question in this assignment.
Action Items
1. Review the grading rubric (below) for this assignment.
2. Review what Hill wrote about innovation on pages 77 and 78 of the textbook.
3. Review what you wrote in week 2 for your business brief about innovation, especially your proposal and the implications you predicted.Attached below.
4. Explain whether or not you maintain what you wrote in week 2. More specifically, knowing what you know now, would you still make the proposal for innovation that you made in your original brief? Do you still feel that the implications you suggested are accurate? Use what you have learned in the course to explain any changes you would or would not make and your rationale for your choice.
5. Keep your Brief Update to one page.

Innovation Business Brief

Posted on | by

Please, dear cover all the points in number (1-2-3-4-5) and especially in number (4) because is very important.
Please dear, covers each point in rubric because is very important to I get the high degree.
Also, please dear look at pages 77 and 78 of the textbook in the end of these pages.
find attached below.

Purpose
The purpose of this assignment is for you to think critically about the importance of innovation throughout business life on a global scale.
Overview
In week 2, you wrote a brief about innovation as it relates to the company you chose (Volkswagen). You were asked to make some specific statements and a proposal for innovation with your take on what implications that proposal would have. Now you have had a few weeks to learn more. Has your thinking changed or do you stand by what you wrote in week 2? You get the chance to answer this question in this assignment.
Action Items
1. Review the grading rubric (below) for this assignment.
2. Review what Hill wrote about innovation on pages 77 and 78 of the textbook.
3. Review what you wrote in week 2 for your business brief about innovation, especially your proposal and the implications you predicted.Attached below.
4. Explain whether or not you maintain what you wrote in week 2. More specifically, knowing what you know now, would you still make the proposal for innovation that you made in your original brief? Do you still feel that the implications you suggested are accurate? Use what you have learned in the course to explain any changes you would or would not make and your rationale for your choice.
5. Keep your Brief Update to one page.

Entrepreneurship: Best business Ideas

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Essay 2 Instructions: Entrepreneurship
To start a business, an entrepreneur would write a plan which describes/explains:
• the product ( service or good)
• the targeted customer ( the WRITE EXPERIENCE instructions mentioned this)
• a rationale as to why the target customer would buy the product ( benefits)
• cost to the customer
• initial start up costs of the business
• marketing to attract customers
• facilities/space and equipment requirements, and or production of goods
• how the business will be funded; (initial start up costs and continuing operations)

Your Targeted Business Idea Plans:
You want to start a business and perceive an opportunity in serving a rapidly growing segment of the US population over 50. The service you create must appeal to aging baby boomers 50 years old or older who are still at work (not yet retired) in professional or high level corporate careers. They work an average of 60 to 80 hours per week and make a minimum $100,000 per year. They like to look good, be social, and stay healthy. Time is a big issue for them. The rules of your business idea are as follows: any idea is acceptable at this stage; nothing should be ruled out as silly, impractical, or even antisocial; also, improvements on existing services can be considered.
Describe in detail your best business idea for this customer set. Follow the above (8 point) business plan details and provide answers to each point of the plan. Be sure to consider your chapter readings as well as additional outside information sources.