Digital Chocolate has the competency and necessary resources to succeed in the mobile gaming industry. CEO and founder Trip Hawkins has an extensive background with over 30 years of experience in the gaming and mobile phone industry. Hawkins is also a graduate from Stanford University and has marketing experience that he gained while at Apple Computer. As an entrepreneur, he had the capability of identifying opportunities and transforming it into a success. As with Digital Chocolate, Hawkins was
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SUCCESSION PLANNING The Entrepreneurs Personal Financial Plan W hen entrepreneurs consider their personal finances, it is critical they understand that the greatest intergenerational transfer of wealth in history will occur in the United States over the next decade. An estimated $10 trillion is expected to change hands, much of this resting in the hands of the nation's entrepreneurs, who must decide the fate of their companies when they are ready for transition. Many entrepreneurs who have
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Assignment #1—Description of Venture Entrepreneurship & Innovation July 17, 2011 1. Introduce the company and the product/service idea for the new venture. If you live in a highly industrialized city or region of the country that has many factories, some individuals do not even know what goes on inside these industries. This venture, Factory Tour Guides will be profitable for cities and/or regions. Factory tours will become extremely popular in the next decade, as more and more people are seeking
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Abstract An entrepreneurial leader lends his or her vision, leadership style, and strategy to the core of the business. This individual is a major independent variable influencing the outcome and success of the business. For the new century, there is a new definition for entrepreneurial leadership. This new leader will need to be able to operate in a highly unpredictable world where competition is fast moving. This case analysis will define entrepreneurial leadership and discuss theories that
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10 Ways to Build a Business Culture like Apple One of the big advantages of being an entrepreneur and starting your company from scratch is that you get to set the culture, which is much easier than changing the culture of an existing business. The challenge is how to do it, and how to do it right. Why not learn what you can from companies like Apple, who are leading the way with great growth and a great culture? Jim Stengel, in his latest book “Grow: How Ideals Power Growth and Profit” chronicles
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Week 4 – Leadership Qualities MGT521 Week 4 – Leadership Qualities 1. What lessons about being a successful entrepreneur did you learn from Ryan and Aaron? Both Ryan and Aaron had a vision and drive to become entrepreneurs. Both wanted to make a difference by helping others, they had a goal in mind. They knew what the potential profits they can make and the costs involved per customer. They analyzed their target market and identified a need for their services. Aaron was good at developing
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Description of MyVideoTalk Dr. Craig Maddron BUS 521: Entrepreneurship and Innovation April 24, 2011 Description of MyVideoTalk Hisrich, Peters and Shepherd (2010) define an entrepreneur as “an individual who takes initiative to bundle resources in innovative ways and is willing to bear the risk and/or uncertainty to act” (p. 6). An entrepreneur’s objective is to create a business opportunity for profit. An entrepreneur must identify and evaluate the opportunity, develop a business plan
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In the world there are a lot of people with all different types of characteristics. Some of those people open their own businesses, provide services and make money in doing so. Entrepreneurs of all different business industries carry a lot of the same types of characteristics. In fact, it is probably why they become successful in the first place, but people are motivated by different things which are what drives them in the first place. Some people are motivated by pure profits. Donald Trump is an
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1. Discuss the common elements described in the theories/philosophies of Case, Kouzes, and Drucker including how their principles/strategies relate to the new definition of entrepreneurial leadership presented in Understanding Entrepreneurial Leadership in today’s Dynamic Markets. Upon reading the articles and listening to the podcast, it appeared to me that Steve Case, Kouzes and Drucker all have a different philosophy and strategy approach when defining the new definition of entrepreneurial
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For my interview, I choose to interview the owner/entrepreneur of Affordable ATV’s, LLC. I asked her a variety of questions from different categories such as: Business overview, Business strategy, Human resources, Marketing, Technology, and Accounting. Affordable ATV’s was started in 2005. It was started in a good economy and the owner, Eric Bascom, started the business because he lost his union job that required him to travel all over the country for work. His brother-in-law sold 4-wheelers
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