Case of study: Savage Beast
Invention, Innovation and Entrepreneurship
CASE: Savage Beast
Section A
Major topics covered in the case: How to pitch an idea – The text show how Tim sell the idea to his friends and investors.
Entrepreneurship – Based in the Tim music knowledge, passion and experience, he created had the idea of savage beast. Business concept – Tim created a company based in three types of employees: musicians, business and engineering, and all the employees were friends from his networking and there was three equals’ stakeholders.
Legal Issues and Financial – Through the beginning of the years, the company was in trouble, losing a lot of money and creating a debt with the bank and their employees.
Section B
Most difficult after having an idea is create the right business concept, as we can see during the read, most of the problems in the case was a consequence of their business concept and we can analyze the pros and cons of it to understand what was the gap of their business.
Be an entrepreneurship require efforts to pitch an idea and more courage to take risks during the process and is very important the networking that you have to bring investors, employees and customers. The entrepreneurship have to pay attention to changes in the environment, look for new trends market and be flexible to that so the business could follow the market needs.
Section C
Tim thought to himself, “Should I quii?” Regarding the idea of the company’s product, everything seems to be in favor of the startup launch. They are probably one of the first on the music market to offer this software. With a good business model and good evolution proposals, it shouldn’t be difficult to find interested investors.
One of the major problems that occurred during the product development is the undervaluation of the time needed to compose a big enough music database. These problems resulted to important sums of unexpected expenses, like hiring supplementary music analysts.
Another set of
CASE: Savage Beast
Section A
Major topics covered in the case: How to pitch an idea – The text show how Tim sell the idea to his friends and investors.
Entrepreneurship – Based in the Tim music knowledge, passion and experience, he created had the idea of savage beast. Business concept – Tim created a company based in three types of employees: musicians, business and engineering, and all the employees were friends from his networking and there was three equals’ stakeholders.
Legal Issues and Financial – Through the beginning of the years, the company was in trouble, losing a lot of money and creating a debt with the bank and their employees.
Section B
Most difficult after having an idea is create the right business concept, as we can see during the read, most of the problems in the case was a consequence of their business concept and we can analyze the pros and cons of it to understand what was the gap of their business.
Be an entrepreneurship require efforts to pitch an idea and more courage to take risks during the process and is very important the networking that you have to bring investors, employees and customers. The entrepreneurship have to pay attention to changes in the environment, look for new trends market and be flexible to that so the business could follow the market needs.
Section C
Tim thought to himself, “Should I quii?” Regarding the idea of the company’s product, everything seems to be in favor of the startup launch. They are probably one of the first on the music market to offer this software. With a good business model and good evolution proposals, it shouldn’t be difficult to find interested investors.
One of the major problems that occurred during the product development is the undervaluation of the time needed to compose a big enough music database. These problems resulted to important sums of unexpected expenses, like hiring supplementary music analysts.
Another set of