CASE INCIDENT 2 The Youngest Billionaire Then she worked on marketing, manufacturing, and fi- nancing, treating each as its own project. After numerous rejections, she finally found mill owners in North Carolina willing to finance the manufacturing. "At the end of the day, the guy ended up just wanting to help me," Blakely said. "He didn't even believe in the idea." For a time, Blakely relied on stores like Neiman Marcus to set up her table and on word of mouth to get the news out to the public. Her big break came when she sent sam- ples to Oprah Winfrey's stylist. Harpo Productions called to say that Winfrey would name Spanx her favorite product of the year and warned Blakely to get her website ready. Picture this. The billionaire owner and founder stands in the conference room trying on bras while the CEO stands behind her, adjusting the straps. The floor is lit- tered with underwear. The owner takes off one bra and puts on another. Five executives in the conference room barely blink. Welcome to Sara Blakely's company, Spanx. In just a few years, Spanx became to slimming underwear what Jello is to gelatin and Kleenex is to facial tissue: So dominant that its name is synonymous with the industry. At 44, Blakely is one of the youngest billionaires in the world. Like many stories of entrepreneurial success, hers is part gritty determination, part inspiration, and part circumstance. The grit was easy to see early on. As a She didn't have a website. Billions of dollars in sales later. Blakely has no plans
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
What evidence is there in the case to suggest that Blakeley is not risk-averse?
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