In: Operations Management
"Creating A Guiding Coalition"
Read the article titled “Leading Change in Libraries: A Case Study”. Reflect on your academic career thus far. The decision to continue your formal education was a change that you implemented in your personal life. Whom did you place on your list as a guiding coalition and why? (Note: You do not have to list individual names. Substitute names for titles or positions are advised.)
NEEDED ANSWERING LIKE ASP!!!
I have been consistently looking for entrepreneurship and has been influenced by many of the start of operations which have provided extensive availability of opportunities in the respective environment to carry out the specific task of operation.
Some basic Strategies for an entrepreneurship which I would follow in food Industry in my career for future endeavors are as follows.
Researching new products as well as services
By researching new products in the same field as well as providing new services. Entrepreneurship can be Very much benefited by these two terms by developing new products as well as introducing new services to your entrepreneurship business you can easily increase your overall reach and create new catalogue for the company. I will research about New recipes as well as new cooking techniques which can enhance my overall food chain as well as the food store to provide better services to the customers.
I'll start with the small markets
Rather than tackling bigger markets, I will start from the smaller Markets and when I will get established in the smaller markets then I will switch to the bigger markets for my company. This specific strategy would reduce the overall risk of failure. Rather than opening bigger food chain in bigger cities I will start with smaller cities with the smallest old to grow constantly and reduce the risk of failing.
I will listen to the customers feedback
I will listen and analyse the customer's feedback to adopt the changes. Listening to the customers is one of the most essential part for an entrepreneur as all of their services and products are initially very customer oriented to be more promising . By listening the quality of my food as well as the taste I will definitely provide a better product to the customers.
Analysing the market and changing according to it
I will analyse the market and change my strategies according to the current market needs. By analysing the competitors as well as that products I will implement my own product range as well as services for the customers. Ability in the food industry hence I have to go and look out for different competitive shops or those who deals in burgers and I will definitely try to improve my burgers in a different manner by creating a unique taste.
Creating a new market
By creating a new market with my ideas I will easily create a unique selling point of my products and provide extremely good services in the same class to become a Pioneer as well as set up my own Monopoly in the same product section. By applying this is specific strategy I can easily enhance the overall reach of my product as there would be no competition my products in the same field.
Recognizing the opportunity
I will recognise the opportunity of a business requirement in summer special field and work towards it. Bye properly studying the competition and recognising the market structure I can easily determine which field should I go for the maximum benefits as well as profits for my company.
Conserving the capital
I will conserve the capital for investing in my business, an entrepreneur should be as conservative as possible in terms of money. Rough patches can arrive anytime in an entrepreneurship program hence getting out from that specific page requires capital which can be rectified with the help of conservation.
Kickstarter is a platform who gives an opportunity to the ideas
forming crowd funded from around the world. Kickstarter itself is
an entrepreneur program which is based on the profit earned by the
Kickstarter projects.
By implementing the strategy of crowd funding kickstarter has been
a huge success among doing generation and the entrepreneurs. Buy
suits in the richest idea from all over the world and providing
them up from a platform to increase their ideas and in return
asking for the percentage of money from the total profit or
maintained by the entrepreneur idea is the basic strategy of
Kickstarter. By maintaining this basic strategy Kickstarter have
been growing since it was introduced to the Internet. Tata has no
physical store and has only and Internet based service which
provide a platform to the new entrepreneur who want to exhibit the
idea to the world and get the investment for the same by
introducing the idea of crowd funding started a wave of
entrepreneurs by giving them a platform to ask for the money and
investment in exchange to the products they build.
Product management of Tata includes the prototypes of the
entrepreneurs who ask for crowd funding and jeans overall profits
from the prototyping available on the kickstarter.
P.S.- Please leave a comment if any explanation is needed.