Question

In: Economics

What characteristics made Vic Ahmed a successful entrepreneur? How did their Ahmed and Steven Case's partnership...

What characteristics made Vic Ahmed a successful entrepreneur?
How did their Ahmed and Steven Case's partnership and shared vision of "Rise of the Rest" serve their business goals?
Is focusing on smaller cities rather than areas like silicon valley a good strategy, why?

Solutions

Expert Solution

(A): Vic Ahmed is an effective business owner because of his capability to team up and find out with other individuals. Vic has all the attributes of a business owner i.e. risk-taking, enthusiasm, versatility, and self-motivation. The particular that stands apart when it comes to Vic is his capability to work together and network. Vic teams up with individuals in various markets and gains from them. This allows him to concentrate on specific niche locations.

(B): Ahmed and Case's collaboration and shared vision of "Rise of the Rest" served their service objectives as it allowed them to concentrate on smaller sized cities i.e. second-tier cities. They wished to utilize the existence of informed and innovative individuals in smaller sized cities and improve the regional start-up scene. This concentrate on smaller sized cities made cooperation more organized and discovering more focused.

(C): Yes, concentrating on smaller sized cities instead of Silicon Valley is definitely an excellent method as smaller sized cities likewise have a lot of capacities. As currently pointed out individuals in smaller sized cities and informed and imaginative therefore there are great deals of hidden concepts stemming up in smaller sized cities that require to be appropriately supported. The total scope is much greater if the capacity is appropriately tapped.


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