Mkt 421 Unit 6 Assignment
University of the People
Entrepreneurship 1
Written Assignment Unit 6
For this weeks assignment I will try to simulate how would I build up a company for folding door distribution. According to market research there is a gap on the market for quality and expensive folding door products. In general the market segmentation is largely skewed toward cheap products but those who want to buy better products are not served well. Since this assignment is more about team build up I will just mention few very important steps before company launch. I skip the business plan, business model and marketing plan development.
Preparations
I have enlisted all folding door producers and tried to gather as much info about them as possible. I was mainly
…show more content…
Since there are 8-9 different colors of 8 types of doors we had to make chances and stockpile some doors we assumed might be popular. The “shaper” (Kirby, 2016) made couple of good connections but the majority of sales were through Internet. We had to engage a “company worker“ who helped us to organize the orders and shipments so we could more focus on sales and discovering new markets. The “company worker“ managed to balance in and outflow of goods in an economical way so the profit raised. For now, neither of the teammates had salaries perhaps some pocket-money so the majority of the capital could be re-invested, for example we created a web site: harmonika-ajto.hu, katalog and payed ads.
Motivation
The main motivation for all of us was a creation of a profitable business which could make us a decent earning in the future. We were all aware that any business in the beginning is like a baby which should be nurtured and cared off. This is what we have done, slowly expanding the business and trying to make as few mistakes as possible. All three of us had its steady income from other resources hence this was a part time project for all. Nevertheless it was crucial that we were all very different and could shape the venture in many ways.
Reference:
Kirby, David A. (2016) Entrepreneurship, Team Building and Conflict Resolution, Available from: http://highered.mheducation.com/sites/0077098587/information_center_view0/table_of_contents.html
Words:
Nt1330 Unit 2 Assignment
151 Words | 1 PagesExercise 7-13 I have to announce everyone in the group that we will not be able to meet the June 1 commitment to ship 100 operating tables to Southeast Surgical Supplies. To be clear, we only have 30 tables on hand as a report of this morning. However, this is not our fault entirely. Six months ago, purchasing warned us about shrinking supplies and suggested we buy as much as we could in advance for the next 12 months. We tried to follow their advice, but we were never be able to buy supplies in advance due to company’s policy about never buying more than three months worth of materials in advance.
Is3350 Unit 4 Assignment
674 Words | 3 PagesRule 1: A number that begins a sentence must be expressed in word form. When the number cannot be written in one or two words, however, change the word order of the sentence so that the number does not begin the sentence. This number rule takes precedence over all others. • Twenty-four people responded to our advertisement for an accountant. • One thousand and two hundred pounds of recycling was delivered to the secure shred event.
Vu470 Unit 1 Assignment
432 Words | 2 PagesTitle: CERTIFICATE III IN EAL (Access) Unit Code: VU21470 Student Name: Man Theng Foong Student ID: GEC 00000 AK TASK 1 (page 6 ) • Lake Eyre ( South Australia ) • Lake Woods (Northern Territory ) • Lake Grace ( Western Australia ) • Margarat River ( Western Australia ) • West Lyon Rivers (Western Australia ) • Daly River (Nortern territory ) • Blue Mountain (New south wales ) • Bunya Mountain (Queensland )
Is3350 Unit 5 Assignment
315 Words | 2 PagesFourth Dimension is committed to protecting your online privacy. We provide our customers top level services and also recognize that building a long-term business relationship with you depends upon great deal on trust. We have structured our website in this way so that you can visit our website without identifying yourself or revealing any personal information. Any personal information that you submit to Fourth Dimension Solutions Limited will be protected by industry standard security and management procedures and will be used only for the purpose for which it was submitted, unless you request or agree otherwise. Our privacy statement covers below mention areas: 1.
Attached Unit 5 Assignment
102 Words | 1 PagesAttached is a report I created back in December for David Banda where I included the summary report and the methodology used to identify the population. I would like to see something similar from SK with the CCS population. My data source was MIS/DSS based on foster care aid codes, the department now gets a feed directly from Department of Social Services (DSS) and I’m in the process or obtaining approvals form Dr. Scott for all my staff to have access data from DSS available in MIS/DSS
Is3350 Unit 6 Assignment
1138 Words | 5 PagesThis semester in English Ten we have been assigned a group photo-narrative assignment. Zaynab and I, our group, chose to construct a love story, that follows a young gay couple along their first date. The story begins as the two girls meet up, and follows them throughout their evening until they hug goodbye. My partnership photography project should be given mastery (a ninety percent or above) because, we collaborated both in and out of our partnership, organized a plan of attack, adjusted to circumstance, generated a creative product, and overall worked vigorously both in and out of class to create the best final product we could muster.
Baxter, A Year Three Aboriginal Student: Scenarios
645 Words | 3 PagesSCENERIO Baxter, a year three Aboriginal student who at age three developed a sensorineural hearing impairment after repeated exposure to Otitis Media. Baxter uses a cochlear implant on one ear, as the other was not viable. Unfortunately, due to bullying in previous years Baxter has limited confidence in his communication skills and will rarely speak aloud, except with the teacher privately, close friends, and family. Baxter often communicates using basic sign language, but relies heavily on gestures. He is currently working with a speech therapist to increase his speech and language skills and to increase his confidence.
Group Roles In 12 Angry Men
401 Words | 2 PagesNevertheless, the role of each group member was significant as everyone’s
Remember The Titans Analysis Essay
1713 Words | 7 PagesThe external pressures significantly affect the formation of the team. Personal identity and complex interpersonal interactions result in a highly charged environment and a tense group
Case Analysis Of Wendy Peterson's Accountback Sales Organization
919 Words | 4 PagesThey developed a back-office accounting software product. They believed that flat organisational structure, collegial culture would strengthen employee morale and also heighten company performance. With 25% of client renewal rate and most of the clients retained services for at least 4 years, the firm earned good revenues. It had about $100 million in revenues and 400+ employees in its regional offices. The founders retired and the new CEO looked for young sales directors.
Importance Of Interpersonal Conflict
2372 Words | 10 PagesFunctional conflict improves the quality of decisions, stimulates creativity and innovation, boosts interest and curiosity among group members, provides the medium through which problems can be shared, and fosters an environment of self-evaluation and change. Good conflict doesn’t allow a group to passively “rubber-stamp” decisions that may be based on weak assumptions, insufficient contemplation of relevant alternatives, or other debilities. Conflict challenges the status quo and therefore, leads to the creation of new ideas, promotes re-evaluation of group goals and activities, and increases the probability that of the group’s responsiveness to
Conflict In Apple Company
1305 Words | 6 PagesIntroduction Conflict is unpleasant, but inevitable throughout life. In any situation involving two or people, conflict may arise. Conflict can be defined as, “any situation in which incompatible goals, cognitions, or emotions within or between individuals or groups lead to opposition or antagonistic interaction” (Learning Team Toolkit, 2004, pp 242-243). People come from different backgrounds and live through different life experiences therefore, even when working towards a common goal, they will not always agree. Major conflict that is not dealt with can devastate a team or organization (Make Conflict Work, 2008).
Summary: Business Model Generation
836 Words | 4 PagesBusiness Model Generation Exercise 2 Frank Bentley BUSI 690- POLICY AND STRATEGY IN GLOBAL COMPETITION Liberty University August 1, 2015 RQ1: Considering a business model, a firm can understand that its purpose is to create, capture and deliver value to the consumer. With this understanding, a firm can find that there are both internal and external perspectives, which can propel a business model forward. Looking at a business model, it provides seven basic building blocks, some to include customers, value propositions, customer relationship, revenue streams and key resources. In regards to a business model success those external factors play a tremendous success, to include customers, government, and competitors.
Woodmere Products: Case Study: Time Based Logistics
1277 Words | 6 PagesMajor Business propositions for Woodmere and HomeHelp The business proposition for Woodmere in this case study is as follows. Woodmere would be able to secure an exclusive distribution with HomeHelp, which is a market leader in Home Decorating retail market, if it can implement time-based logistics. Woodmere’s prospective customer segment is heavily consolidated resulting in stiff competition.
Theory Of Intergroup Cognation
1581 Words | 7 PagesOr by placing groups with other groups on more of a quotidian substructure in order to establish less competition and less trust issues among others. By taking out the element that can cause intergroup partialness can avail those participating in a group environment to visually perceive that each member, whether in their group or others, are key factors to being prosperous. Being able to observe other 's culture, style and individual character without discriminating from the commencement will avail each member find balance in their group and other 's they become involved in. No one group is better than the other. Each has separate implements that can make the facileness of intergroup cognations work
More about Mkt 421 Unit 6 Assignment
Nt1330 Unit 2 Assignment
151 Words | 1 PagesIs3350 Unit 4 Assignment
674 Words | 3 PagesVu470 Unit 1 Assignment
432 Words | 2 PagesIs3350 Unit 5 Assignment
315 Words | 2 PagesAttached Unit 5 Assignment
102 Words | 1 PagesIs3350 Unit 6 Assignment
1138 Words | 5 PagesBaxter, A Year Three Aboriginal Student: Scenarios
645 Words | 3 PagesGroup Roles In 12 Angry Men
401 Words | 2 PagesRemember The Titans Analysis Essay
1713 Words | 7 PagesCase Analysis Of Wendy Peterson's Accountback Sales Organization
919 Words | 4 PagesImportance Of Interpersonal Conflict
2372 Words | 10 PagesConflict In Apple Company
1305 Words | 6 PagesSummary: Business Model Generation
836 Words | 4 PagesWoodmere Products: Case Study: Time Based Logistics
1277 Words | 6 PagesTheory Of Intergroup Cognation
1581 Words | 7 Pages