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Video Case Paper

Management/521

February 11, 2012

Video Case Paper

Entrepreneurship is rampant around the world; it takes an idea to start with the thought of a dream. That can flood the market and make a profit within a year’s time of hope. In the case of the “College Entrepreneurs do Good and Make Money” there is a true understanding of the global market and what people need to make their business work well. In this paper the team will examine what lessons can be learn, who the stakeholders in small business are, and why these average college students impressed the world with their idea.

Individuals starting out in business can learn a valuable lesson from the College Entrepreneurs (Aaron Houghton and Ryan Allis) by looking at the way they centered in on what small business owners need most. Aaron and Ryan looked at that all businesses must have contact with their customers to have customers. Ryan used his strength in marketing the product and Aaron provided his skills in development (Nickels, McHugh, McHugh, 2010). Individuals can to learn that people can work together in harming to bring about positive result with profitable effects.

Ryan and Aaron’s iContact stakeholders consist of the customer, environmentalist and employees. “Stakeholders are all the people who stand to gain or lose by the policies and activities of a business and whose concerns the business needs to address” (Nickels McHugh & McHugh, 2010). iContact’s customers are primary stakeholders within the company; with the introduction of the iContact product consumers have the ability to send thousands of emails to their client base. By using this program consumers are able to promote effectively with low printing and postage cost. Environmentalists are also stakeholders of iContact, with the use of technology and the electronic mailing

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