2 questions, 150 words each, need it 8 hours
crytal20Local or Standard?
Companies that move into a new country are often faced with a dilemma of adjusting to local practices or enforcing the company’s standard practice. Not all companies and not all countries will come up with the same solution.
- Initial post – research an international company that has faced such a dilemma. Document the dilemma and explain if they adjusted to local or used standard practices (yes, you have to take a stance!). Be sure to cite at least one internet reference for each company to help your peers respond.
Opportunity Recognition
Jim Poss Case, pages 107-120 in the textHis company, Seahorse Power Company, is an engineering startup specializing in environmentally friendly methods of power generation.
Poss had designed and done initial test marketing of a trash compactor, designed to reduce the frequency and energy expense of trash collection. The case discusses the opportunity and the technology and poses the following questions:
- Apply the Timmons entrepreneurship framework (entrepreneur-opportunity-resources) to analyze this case
- Discuss Jim Poss' fundraising strategies. What other options might be considered for raising the funds SPC needs? Is this a good investment?
- Discuss the growth strategy. What additional market(s) should Poss pursue?
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