10-29-08 - Entrepreneurship I Quiz Notes 10/29/08 Parts of...

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Entrepreneurship I – Quiz Notes – 10/29/08 Parts of Union’s plan Boost sales o Switches to commission based approach Replaces 11 people Corrugation is too narrow Quality is bad She does hands-on original research Poor quality of paints Outsourcing Long lag time between resupply times She keeps after Lowe’s by getting the business She goes store by store to build the business back up Animal containment facilities (barns) She moves on up to roofing (where margins are higher) How does she manage her empire How she manages the weekly reports o She checks in with managers once a week in person Very successful Growth focused Opportunity focused Edison – one of the most famous inventors Phonograph Incandescent light bulb Improved on telegraph Improved on telephone Who was on his team
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Most significant thing – his research lab What about his team/? He is brilliant in chemistry, physics, mechanics, etc.
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This note was uploaded on 06/03/2009 for the course ECON 290 taught by Professor Goldenandallison during the Fall '08 term at Allegheny.

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10-29-08 - Entrepreneurship I Quiz Notes 10/29/08 Parts of...

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