Entre Notes

Answer the undermentioned In about 15 words (i) magnetic dip the tlelds in which Trailblazer has caper strengths. A. The trailblazers line of reasoning strengths could include the medical, technology, finance, legal and consulting fields. Being fast strategic esteemers, they focus easily on marketing and operations. (it) List the fields in which Motivator has ancestry strengths. A. The motivators business strengths They do well in retail, sales and HR. They do well in almost whatsoever business that Involves people, as long as Its d somewhat non- confrontational environment.Ill) List the fields In which pardner has business strengths. A. collaborators are good at running customer service-oriented or retail businesses or any business where there is a need to convince otherwises. Collaborators can be great salesmen in a warm selling market because they use their sociability to sell their expertise. (Iv) List the fields in which Diplomats has business strengths. A. The diplomats excel In retail or other people-oriented environments. They are good at multi-tasklng and can drill well under pressure They get things done quickly end work well with deadlines, Q2.Answer the following In about 50 words. (i) Describe the characteristics ot a go-getter type ot personality. Ans. They have a higher-than-average level of some(prenominal) dominance and sociability and rattling driven and independent. Go-getters represent the largest percentage of the founders. Their natural style lends itself to managing and leading both(prenominal) processes and people. They can work well in ambitious and unfamiliar environments. means they can invest in, debase or start a business thats totally new and still make a supremacy of It.They dont need to be an expert In the field to start the business, as they are good collaborators nd can learn as they go (it) What is brain storming? Ans. A group of persons sit together and buzz off a number of business ideas by innovating alternat ive ways of meeting the needs and resolve problems. It is normally an unstructured discussion in which one idea leads to a nonher. This is a very productive method of generating as many as possible. Oil) What do you mean by environment scanning? Ans.One of the Important techniques that can be used to generate Ideas Is environment scanning, the covering of large amounts of Information to detect emerging trends. A potbelly of Information Is available from news magazines, reviews, government and consumer publications, trade publications, commercials, etc. These have to be scanned to obtain feasible ideas. The challenge in this method is that there is too much information to scan from. However it is very useful way to generate ideas. (iv)What are focus groups? services in a structured setting.In a typical focus group a moderator focuses the group discussion or whatever issues are cosmos examined. A focus group can provide an excellent way to generate new ideas and to screen proposed ideas and concepts. v)Explain feasibility study? Ans. Centre for Entrepreneurship at University of Rochester explained that a feasibility study can be delineate as a controlled process for identifying problems and opportunities, determining objectives, describing situations, defining successful outcomes, and assessing the range of costs and benefits associated with several alternatives for solving a problem. The information gathered and presented in a feasibility study will help entrepreneurs to A) List in detail all the things they need to make the business work B) Identify logistical and other business-related problems nd solutions C) Develop marketing strategies to convince a bank or investor that their business is worth considering as an investment and D) Serve as a solid foundation for developing their business plans. vi)What do you think is the reason for failure of business plan execution? Ans. Strategies most often fail because they are not executed well. Expected results and outcome may not happen and leading to underperformance. This creates significant frustration and cynicism in spite of appearance an organization. Even good plans can get a bad name because they are assessed by the results of its execution.