SCHOOL OF ENGINEERING AND INFORMATION TECHNOLOGY ASSESSMENT COVER SHEET Student Name Navpreet Kaur Student ID S265457 Assessment Title Case Study 1 Unit Number and Title PRT503 Entrepreneurship for Professionals Lecturer/Tutor Mr. Jamal El-Den Date Submitted 07 August 2014 Date Received OFFICE USE ONLY KEEP A COPY Please be sure to make a copy of your work. If you have submitted assessment work electronically make sure you have a backup copy. PLAGIARISM Plagiarism
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PRODUCT AND INDUSTRY BACKGROUND Nature of the product and consumer buying behavior The new product that is being focus for marketing is the MP3 watch with the brand named QUEEN. The idea for developing the new product is actually come from the nature idea of wristwatch. Today‚ the most common type of watch is the wristwatch. The situation of the watch industry is developing in a fast and advance level. Numbers of function is already being added into the watch. Those functions includes an alarm
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ideas and lots of enthusiasm. Kindly comment on the above quotation taking into consideration the things youve read about entrepreneurs and basically everything you know about entrepreneurs and entrepreneurship. I find this quotation made by Bill Gates true because young people especially new to entrepreneurship or any kind business have so many ideas because nowadays people tend to get ideas from many sources especially in the internet. We get ideas just by searching articles in the internet made by
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APPROACHES TO ENTREPRENEURSHIP MACRO VIEW a. Environmental School of Thought b. Financial/capital School of Thought c. Displacement School of Thought MICRO VIEW a. Entrepreneurial Trait School of Thought (People School) b. Venture opportunities School of Thought c. Strategic formulation School of Thought INTRAPRENEURSHIP i. Within an existing business ii. The development within a corporation of internal markets or autonomous or semi-autonomous business units that produce product‚ services
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B. Expatriate Interview The following assignment is to be completed by self-selected groups of two persons (called dyads or pairs). You may choose your partner for this assignment. We specifically designed this assignment to be performed in a pair and only in exceptionally rare cases will we approve other work arrangements (i.e.‚ individual or a three-person group project). If you cannot find a partner and need assistance‚ please contact your program manager. Your task is to interview an organization
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enterprise without undermining his/her relationship. In this last case a good entrepreneur should be free from personal commitment‚ at first‚ at least‚ because his/her work‚ or his/her relationship‚ could be compromised. Q2: Inc. Magazine claims‚ “Entrepreneurship is more mundane than it’s sometimes portrayed … you don’t need to be a person of mythical proportions to be very‚ very successful in building a company.” Do you agree? Explain. 2. I don’t agree with the sentence above; I think that a temporary
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Very true innovation and creativity are at the heart of entrepreneurship. Creativity can be used to dream up an entrepreneurial idea and then you can follow the innovation process to bring the idea to life / make this new entrepreneurial idea actually happen. To help you think up an entrepreneurial idea take a look at some creativity techniques. I also think it is important to make the idea something that you are passionate about. Ideally you could take two areas (perhaps hobbies) that you are
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Entrepreneurship: Successfully Launching New Ventures‚ 2/e Bruce R. Barringer R. Duane Ireland Chapter 3 ©2008 Prentice Hall 3-1 Chapter Objectives (1 of 3) 1. Explain what a feasibility analysis is and why it’s important. 2. Discuss the proper time to complete a feasibility analysis when developing a business venture. 3. Describe the purpose of a product/service feasibility analysis and the two primary issues that a proposed business should consider in this area. 4. Identify
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Introduction What is an entrepreneurship? Entrepreneurship is the implementation of every people using their own talent such as new idea or new concept to open their own business. Then‚ what is mean by entrepreneur? Entrepreneur not only just a business man‚ it also a risk taker and consists of creativity to create new things or bring some new things to this world. Entrepreneur will always cares about their money‚ because they need money to improve their product to become more creative. In my
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Entrepreneurship Case Study David Levin and The Capital Group The First Steps: Up to 1969 The initial desire David Levin was born and grew up in the close Jewish community of Pollokshields‚ a leafy suburb of Glasgow‚ Scotland‚ the son of an electrical wholesaler. Home life was comfortable but constraining and the young boy longed to escape its confines. He resented school and admits to being a difficult student‚ thinking that it was a complete waste of time; few of the subjects taught seemed
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