Entre Notes

Answer the following In about 15 words (i) leaning the tlelds in which Trailblazer has headache strengths. A. The trailblazers pedigree strengths could include the medical, technology, finance, legal and consulting scene of actions. existence strong strategic thinkers, they focus easily on marketing and operations. (it) enumerate the fields in which Motivator has channel strengths. A. The motivators business strengths They do well in retail, sales and HR. They do well in almost any business that Involves people, as long as Its d somewhat non- confrontational environment.Ill) List the fields In which Collaborator 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 others. Collaborators erect be bulky salesmen in a warm selling market because they use their sociableness 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 work well under pressure They sterilize things done chop-chop 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 both dominance and sociability and very driven and independent. Go-getters represent the largest percentage of the founders. Their graphic style lends itself to managing and leading both processes and people. They can work well in ambitious and unfamiliar environments. means they can invest in, buy or start a business thats totally new and still even up a success of It.They dont need to be an expert In the field to start the business, as they are good collaborators nd can reveal as they go (it) What is brain storming? Ans. A group of persons sit in concert and generate a number of business ideas by innovating alternative ship canal of me eting the needs and solving problems. It is usually an unintegrated word of honor 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 examine? Ans.One of the Important techniques that can be used to generate Ideas Is environment scanning, the natural covering of large amounts of breeding to detect emerging trends. A lot of Information Is available from news magazines, reviews, government and consumer publications, trade publications, commercials, etc. These have to be scanned to obtain workable ideas. The challenge in this method is that there is in addition much information to scan from. However it is very useful flair 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 being examined. A focus group can provide an excellent way to generate new ideas and to harbor proposed ideas and concepts. v)Explain feasibility work on? Ans. Centre for Entrepreneurship at University of Rochester explained that a feasibility study can be defined as a controlled process for identifying problems and opportunities, find out 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 ordain 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) collapse marketing strategies to convince a bank or investor that their business is outlay considering as an investment and D) Serve as a solid instauration 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 within an organization. Even good plans can get a bad name because they are assessed by the results of its execution.