In some new ventures, capital planning is comparatively easy.
When the business consists of uniform and entirely local units
restaurants in a chain, freestanding surgical centers or individual
hospitals in different cities, homebuilders with separate oper
requires an ambitious aim; otherwise it is bound to fail. It always
aims at creating a new industry or a new market. At the least, as in
the case of the Mayo Clinic or the March of Dimes, being Fustest
with the Mostest aims at creating a quite different a
the clock back and return to the absolute monarchy of the eighteenth
century, let alone to feudalism. They needed a liberal but apolitical
sphere, coupled with an apolitical government based on the same prin215
ciples of law and
a building he wants to loot. He leaves behind a signature, which is as
individual and as distinct as a fingerprint. And he will not change that
Hit Them Where They Aint
signature even though it leads to his being caught time and again.
But it is not o
has enabled the company to grow three to four times as fast as
any competitor, even in recession times.
Yet another quite different answer to the same question was given
by the three scientists who, together, founded what has become one
of the largest and
Japanese in the severe depression of the late thirties had to sell for
whatever price they could get What saved Nylon was the outbreak of
World War II, which stopped Japanese silk exports. By the time the
Japanese could start up their silk industry again,
what then turns out not to be the winning development in the marketplace.
IBM, the worlds foremost creative imitator, exemplifies these
dangers. It has successfully imitated every major development in the
office-automation field. As a result, it has the l
spend time outside: in the marketplace, with customers and with their
own salesmen, looking and listening. The new venture needs to build
in systematic practices to remind itself that a product or a service
is defined by the customer, not by the producer.
engineer who had designed an industrial product no industrial user
wanted to the realization that the stuff might be salable in the consumer
market. As the story goes, he took some samples home
when the company had already decided to abandon the product.
The New Venture
For the existing enterprise, whether business or public-service
institution, the controlling word in the term entrepreneurial management
is entrepreneurial. For the new venture, it is management.
In the existing business, it is the
products it needs, but also without the management of people and the
management of money it needs.
In the first example, it may be possible to save the company. After
all, it has the products. But the founder will inevitably be removed by
whoever comes in
German dye-stuff makers and two or three much bigger chemical firms
in its own country. Then it gambled on the newly discovered vitamins at
a time when the scientific world still could not quite accept
*E.g., George Gilders The Spirit of Enterprise (N
Teams are based on mutual trust and mutual understanding, and
this takes years to build up. In my experience, three years is about the
But the small and growing new venture cannot afford a top management
team; it cannot sustain half a dozen peopl
a gradual introduction of quartz-powered digital watches over a
long period of time, during which these new timepieces would
remain expensive luxuries.
Meanwhile, the Hattori Company in Japan had long been making
final requirement of entrepreneurial management in the new venture.
The new venture that builds such entrepreneurial management into
its policies and practices will become a flourishing large business.*
*A fine description of this process is to be fou
Estudio de grupos preparacin para la Prueba # 3 (Percepcin/Sensacin y Estados de
Conciencia) - Lunes, 19 de octubre
Que es, y de un ejemplo de la figura reversible ilustrada en clase
Nombre de las energas fsicas que estimula los rganos sensoriales
Reaction Paper #3
In no less than four pages, and no more than 6, answer one of the following
Option 1 - Leadership! Are you going to be a leader, or are you going to look for a good one to
follow? Or maybe both? Think
Group Project Paper #1
Tony works at a local start up in Ann Arbor after graduating the University. He
wakes up every morning at 7:30 AM, dresses quickly, and occasionally, has time to grab
30 September 2014
Have you ever been forced into a group where your personalities and strengths clash? Or
have been so frustrated with your responsibilities or roles during a group project, and even
UC 270 FRETZ p9
PROJECT RUBRIC AND TIMELINE
For your project you will form a group and create something. This is purposely only loosely defined. You
can create a product, or an idea for a product with a well formed plan to make/market it, or an art projec
UC 270 FRETZ p1
UC 270-007, Fall 2014:
Dr. Eric Fretz
Monday & Wednesday 11-12:30 P.M. G378 DENT.
Office hours: Before or after class and by appointment.
[Note: I do not have an office on Campus, I
IPIP-NEO Narrative Report
IPIP-NEO Narrative Report
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