Patients like me practices execution excellence in a number of ways. First, there is the comprehensive experience profile of the staff for instance in terms of the knowledge in different areas such as sales, marketing, product development etc. Secondly, there is also the leadership as well as the proper management of the workforce (Barringer and Ireland 33). Finally, there is the risk management skills for instance the anticipation of the market forces, the changes in the customer needs etc.
The first myth that us debunked is the mistaken belief that the entrepreneurs are born and are not make. It is important to note that entrepreneurs are a function of the personal choices of the individuals, the life experiences that they have and the function of the environment. However, there are certain characteristics of entrepreneur's for instance lengthy attention span, persuasiveness, self-starter, visionary etc. The other myth that has been debunked is that entrepreneurs are gamblers (Barringer and Ireland 31). The myth is not true as entrepreneurs are moderate risk takers as opposed to gamblers who take massive risks on their investments. The final myth that is debunked is the view that the entrepreneurs should be energetic and young. Even though strength is needed, it's not the physical strength but rather the strength in terms of the track record for success, the reputation, maturity and the experience.
[...] Case of Zipcar 1. Explain Zipcar's business model in each of the four components: Core strategy; of the firm includes the low cost operations and the high quality information technology. Strategic resources; of Zipcar are the financial capability of the firm, the able management competence and the innovativeness. Partnership network; is wide to ensure a wide base for the customers and to ensure the smooth operations of the firm (Barringer and Ireland 206). Customer interface; high quality customer interface to ensure the reliability of the services that are offered to the different individuals that are renting the cars Do you think Zipcar is growing too rapidly? [...]
[...] The advantages of the Partnership include the low startup costs, the greater borrowing capacity, and the ease of the change of the legal structure when circumstances change. The challenges that Sara and Jack will be faced with include the unlimited liability of the debts in the partnership. Secondly, there is the friction and the disagreement between the partners in the organization, the problems in the valuation of the assets is partners join or leave. Big Apple Circus 1. Who is the target market of Big Apple Circus? A one ring circus that carters for the general audience as there are three major stages going on. [...]
[...] Entrepreneurship: Case studies Case of PatientsLikeMe 1. Describe the way in which PatientsLikeMe practices “execution intelligence.” Patients like me practices execution excellence in a number of ways. First, there is the comprehensive experience profile of the staff for instance in terms of the knowledge in different areas such as sales, marketing, product development etc. Secondly, there is also the leadership as well as the proper management of the workforce (Barringer and Ireland 33). Finally, there is the risk management skills for instance the anticipation of the market forces, the changes in the customer needs etc To what degree does PatientsLikeMe's founding story debunk one or more of the common myths of entrepreneurship The first myth that us debunked is the mistaken belief that the entrepreneurs are born and are not make. [...]
[...] The pricing is low as profits are not the goal. Discounts are also offered to the individuals. Individual interview Report The interview was conducted on an entrepreneur who developed a pH measuring device that has greatly been adopted by fish farmers as well as other farmers in the Midlands US. a number of questions were developed for the interview The background of your interviewee The entrepreneur came from a family of career educators. The family had not operated any other business. [...]
[...] Secondly, the success of the firm also arises from the networks that the firm has with the farmers, initially the famers in Midlands but most recently throughout the US and Canada What are the biggest challenges they face during the venturing process and how did they overcome these challenges? The biggest challenge that was faced during the venturing was related to the acquisition of the finances. However, the patent of the idea was used as the collateral for the loan thus the firm gained the funds that would be used as startup capital. Works Cited Barringer, Bruce and R. Duane Ireland. Entrepreneurship: Successfully Launching New Ventures. [...]
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