Surname 1 Student’s Name Professor’s Name Course Date Question and Answer 1. How did Lovin come to recognize the opportunity for his young venture? Of the three types of startups mentioned in Chapter 3, which one does The Kollection fit into? What was the source of this opportunity? Lovin, first discovered an opportunity for his contemporary venture. Afterward, he launched the company and overcame the developing issues during the expansion of the business. He focused on a specific direction and adjusted the business strategies subject to the changing situation. From the three startup models outlined in chapter 3, the New Benefits launching concepts suits The Kollection. After a closer examination, Lovin decided to establish a website that was appropriate for the growing musicians who search for emerging songs and trends. 2. Complete a SWOT analysis for The Kollection. What does it say about the strengths that the startup can build on or the weaknesses that it must be particularly careful to protect itself against? Does this analysis reveal any promising future opportunities for Lovin and his venture? By your analysis, what threats put the enterprise most at risk?
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- Fall '19