...Case 1: Malincho (Word limit: 1000 words, A4, 12-times new roman, 1.5 line spacing) Q1. What is the Case all about? The case is all about Mr. Kalin Pentchev’s business. Kalin is a Bulgarian who traveled to the US for his Accounting and Finance studies. His experiences and discussions led him to the cheese business: Bulgarian feta importation. The case describes his story from 2000 to 2003 where he started from nothing and built a well-established business. His activity went from importing containers of cheese only, to importing a variety of Eastern European products. * First time business * Early stages * Opportunities Q2. Please describe Mr. Kalin Pentchev’s personality Kalin is a hardworker, selfmade man who doesn’t seem to have limits on what he can do to create a successful business. He has an interesting personality because he can spend a lot of time brainstorming before taking a decision, but when it comes to solve an urgent issue he is able to think fast and adapt to almost any situation. Intelligent with strong business abilities, he knows how to manipulate peoples mind like when he decides to buy a brand new car and a suit just to impress the people he has to make business with. Q3. Is It a good opportunity for Kalin’s business? Kalin started from almost nothing. He had to take risks, think fast and use his network to succeed, while remaining aware of the costs and benefits of everything. His personality suits perfectly for his activity since you need...
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...Analyzing the case of Dick Spencer has been interesting in many ways than one . Tri-American Corporation – An Introduction Even before analyzing more about Dick Spencer I would certainly want to highlight few points about the Tri-American Corporation and how it functions, The Company followed the basic organizational structure and the hierarchy of systems. What made it different is how they see each plant as separate entities. This was more of a Decentralized organizational structure, where each plant had its own function and was in a way competing with the other plants of the corporation. The company mainly concentrated on the mining of bauxite from Jamaica and processing into Aluminum fabrication and made several aluminum constructural materials out it. The company had about 22000 employees altogether and had many plants in Louisiana, Mordrow , London and Birmingham At the same time The Mordrow branch was going through a facelift and Modernization with new products and like everything all this incurred heavy cost. But there was a great deal of expectation on the Return on Investment. The employees where in constant pressure of the management because of both internal and external factors being reduction of costs and expenses where ever possible to fasten the return on investment and other being, having to compete with other plants. Problem Identification: Dick Spencer, an employee of good track record had all the spotlight on him while he was part of the Sales Department...
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...| Malincho Case | Assignment #1 | | Donna Fung - 647 628 8787Estella Kuate - 647 520 3300Estefania Tellez Martinez Melissa Toth | 1/23/2013 | SIB560WX Professor Byron Tobar | Table of Contents The Main Issue 2 Organization’s current mission, goals and strategies 2 SWOT analysis 3 Brainstorm Solutions 4 Select Solution 5 Develop an Action Plan & Implementation 5 Evaluate Results 5 The Main Issue The main issue of the case is that there is a requirement to obtain more funding to finance the company’s future endeavors and repay debts. Organization’s current mission, goals and strategies MISSION STATEMENT The mission of malincho.com is to provide quality products to consumers while developing lasting and trusting relationships. GOALS (OBJECTIVES) * To maintain a professional image (to be perceived as highly successful) * To have profit * To continue the extension of Malincho resulting in reduction of debt * Expansion of company to hire employees and create a storefront * To gain consumer’s trust * To provide quality products for a low price STRATEGIES- 1.1. CORPORATE STRATEGY- Importing of European food products with the intent of resale. 1.2.1. Growth- To open a storefront while maintaining the internet sales, and hiring employees. 1.2.2. Stability- Use trust based business to secure longevity of consumers 1.2.3. Renewal- To assess situation as it progresses...
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...MGMT 313 New Venture creation FINAL EXAM CASE ANALYSIS QUESTIONS MALINCHO 1) Why did Kalin decide to start a food import business? Evaluate the way in which Kalin found this opportunity? 2) What are the personal attributes (adjectives) that describe Kalin as an entrepreneur? List as many as possible. 3) Which of these personal attributes would you consider as being in the top 3 personal attributes of Kalin as an entrepreneur? Explain why you choose them as top 3 personal attributes. 4) İs cheese importing a good “opportunity”? How big is the market or in your estimation how much demand would there be for sheep milk white cheese among Bulgarian immigrants in the USA? To estimate the market potential make conservative assumptions. How much of this potential could Kalin capture? 5) İs your estimate of potential, and the portion Kalin can capture, as well as your estimate of Kalin’s gross margin per pound of sheep milk white cheese, result in a big enough opportunity to make this a worthwhile business for Kalin? Based on your conservative assumptions what would Kalin’s potential annual total gross profit be? 6) Would you take this opportunity? Why? Why not? Why would you take a chance with this opportunity? 7) Where dis Kalin find the money to launch his company? 8) Bootstrapping is defined as a verb means “promoting and developing by initiative and effort with little or no assistance”. Bootstrap as an adjective can be defined as something...
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...This page intentionally left blank Entrepreneurship Second Edition William Bygrave Babson College Andrew Zacharakis Babson College John Wiley & Sons, Inc. To Frederic C. Hamilton and John H. Muller, Jr., pioneers, entrepreneurs, and benefactors of Babson College. VICE PRESIDENT AND PUBLISHER EDITOR EDITORIAL ASSISTANT MARKETING MANAGER PHOTO EDITOR DESIGNER PRODUCTION MANAGER SENIOR PRODUCTION EDITOR GEORGE HOFFMAN LISE JOHNSON SARAH VERNON KAROLINA ZARYCHTA HILARY NEWMAN RDC PUBLISHING GROUP SDN BHD JANIS SOO JOYCE POH Cover image © panorios/iStockphoto This book was set in 10.5/12pt Adobe Garamond by Laserwords Private Limited and printed and bound by RR Donnelley. The cover was printed by RR Donnelley. This book is printed on acid free paper. Founded in 1807, John Wiley & Sons, Inc. has been a valued source of knowledge and understanding for more than 200 years, helping people around the world meet their needs and fulfill their aspirations. Our company is built on a foundation of principles that include responsibility to the communities we serve and where we live and work. In 2008, we launched a Corporate Citizenship Initiative, a global effort to address the environmental, social, economic, and ethical challenges we face in our business. Among the issues we are addressing are carbon impact, paper specifications and procurement, ethical conduct within our business and among our vendors, and community and charitable support....
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