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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CREATIVITY IN BUSINESS Promote regular team brainstorming sessions‚ which allow employees a chance to produce a high quantity of ideas. Once you have a large amount of ideas‚ analyze and choose those ideas that are of high quality. Create an encouraging work environment. If employees see that their ideas are encouraged and accepted‚ they will be more likely to be creative‚ leading to potential innovation in the workplace. Create a collaborative work environment. Creativity and innovation can
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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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ENTREPRENEURSHIP Contents 1. Company Information………………………………………………..2-5 2. Macro Environment Element………………………………………..5-7 3. The elements of macro environment that effected Melorita Home Health Sdn Bhd………………………………………………………………………8-10 4. Recommendation to improve macro environment management……10-12 5. Summary………………………………………………………………..12-13 6. References……………………………………………………………….14 Company Information Company Name: Melorita Home Health Sdn Bhd Last Old Name:
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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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SUBJECT NAME : Entrepreneurship Project: Interdisciplinary Approach SUBJECT CODE : GEN 1901 ACADEMIC YEAR : AY 2012/2013‚ Apr Semester “By submitting our work‚ we are declaring that we are the originator of this work and that all other original sources used in this have been appropriately acknowledged. We understand that plagiarism is the act of taking and using the whole or any part of another person’s work and presenting it as our own without proper acknowledgement. We also
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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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Areas to Complete for the Entrepreneurship Portfolio Mindset Taking Risks Type Grade % A. Financial 68 B. Intellectual 92 C. Social 80 D. Physical 92 E. Cultural 60 Total: 78.4 My advantages: I think I’m not just a thinker but a doer‚ that’s an advantage because I try to have no irrational fear‚ if I have one it is calculated and more than fear I’d like to say it is just my logic telling me not to do something. So in embarrassing aspects like talking to strangers‚ in front of
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