Entrepreneurial Leadership Nikki Davis Dr. Cheryl Molyneaux BUS 508 July 22, 2012 Abstract Entrepreneurs have long recognized the importance of marketing to their success. Opening a restaurant is a challenging prospect even in good times, and many ventures fall by the wayside. Owning and operating a restaurant is one of the most challenging endeavors an entrepreneur can take on. According to Schrader (2004), foodservice success stories abound
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Assignment 1: Entrepreneurial Leadership Sara J Broderick Dr. Kathleen Irwing BUS: 508 Contemporary Business Strayer University Oct. 22, 2013 Entrepreneurial Leadership Five Guys’ Burgers and Fries, a family owned franchise is one of the fastest growing chains in America (Better Burgers Starts to Sizzle in Canada, 2012). Five Guys’ Burger and Fries sets itself apart from other fast food chains by using quality ingredients and keeping a constant core menu. Jerry Murrell, founder and owner
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ASSIGNMENT ONE | | | | Entrepreneurial Leadership begins with a vision, an overall idea for ho to make their business ideas a success, and then they passionately pursue it. Profit-oriented means recognizing that the business comes first. Once profits are generated, the entrepreneur can make decisions about how the profits can be used – to expand the enterprise. Entrepreneurship is not about taking risks - it always has been about identifying and avoiding or mitigating the risks.
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Assignment 1-Entrepreneurial Leadership Five Guys is a hamburger restaurant that was founded by Jerry and Janie Murrell in 1986, in Arlington, VA, as a result of two of their five sons declaring they were not attending college. With their college savings fund Five Guys was born. From 1986-2002 a total of 6 locations were operating in Northern Virginia. Due to their enormous success the company began franchising in 2002. According to the text, as of August 2010 there were more than 670 locations
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------------------------------------------------- Entrepreneurial Leadership ------------------------------------------------- BUS508029VA016-1122-001 Dr. Etido Akpan Lisa Forlow 1/21/12 An entrepreneur is defined as a risk-taking businessperson in the private-enterprise (capitalistic) system. The businesses under this system can be for profit, meaning they ultimately focus on making money; or Not-for-Profit, meaning they have a bottom line objective other than returning profits to
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Philosophy: Set apart A fast food burger is a burger, right? Not at 5 guys. Other chains use frozen meat with additional preservatives and have extensive menus with items such as milkshakes, salads, desserts, etc. 5 Guys website states “We follow the philosophy of focusing on a few items, and serving them to the best of our ability. If we were to add to our menu, then you can guarantee that we would only do so if we could serve the highest quality product possible.” (5 Guys Website) They go
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Financing and Structuring Health Care Nicole Bryant Kevin Williams Health Services Organization and Management HSA 500 Fall 2010 October 31, 2010 1) Identify and describe at least three main types of health insurance in the U.S. The main types of health insurance are voluntary health insurance, social health insurance, and welfare medicine. In voluntary insurance or private health insurance in the United States can be subdivided in to three distinct categories: (1) Blue Cross
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Halliburton: Monica Burnside In 1998, Halliburton decided to acquire their rival energy service company, Dresser Industries, Inc. Once the two companies merged, Halliburton issued 176 million new shares of the company’s common stock to Dresser shareholders. By issuing the new shares, Halliburton increased their outstanding common shares from 263 million to 439 million. (Halliburton, 1998) “Combined revenues for 1997 were $16.3 billion and net income was $772 million ($1.77 per share
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Introduction: An ultimatum. “Start a business or go to college.” This was the advice given to Jerry and Janie Murrell’s four sons. Soon thereafter Five Guys Burgers and Fries was born. The Murrell family opened the restaurant in Arlington, Virginia in 1986, quickly becoming an institution in the area. From 1986-2001 the Murrell family business went from one location to five in the Washington – DC metropolitan area. In 2003 the Murrell’s decided to give franchise opportunities and have exploded
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Michael Dell is the founder and CEO of Dell computer corporation that is the world’s largest direct computer company. He is also the youngest person ever to head a Fortune 500 firm. He is the longest-serving CEO in the computer industry. For his 15th birthday, Dell received a brand new Apple II computer, which he took up to his bedroom and promptly dismantled. With the bowels of the machine spread around the room, he began to understand for the first time the gap between what a computer user might
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