Q1. What is the underlying problem in this case from the perspective of Forever 21’s customers and creditors? Q2. Why do you think Forever 21 ended up in this situation? Q3. Did Forever 21 operate more from a principle of efficiency or effectiveness? Explain your rationale.
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Q1. What is the underlying problem in this case from the perspective of Forever 21’s customers and creditors?
Q2. Why do you think Forever 21 ended up in this situation?
Q3. Did Forever 21 operate more from a principle of efficiency or effectiveness? Explain your rationale.
Q4. Which of the three skills that exceptional managers need did the Changs most lack? Explain your answer.
Q5. What would you have done differently if you had been a senior executive at Forever 21?
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- 1. What is Tristan’s greatest achievement?2. What was that one thing that enabled him to be a successful entrepreneur?mpany History and Profile Both Ito-Yokado and Seven-Eleven Japan were founded by Mr. Masatoshi Ito. He started his retail empire after the Second World War when he joined his mother and elder brother and began work in a small clothing store in Tokyo. By 1960, he was in sole control and the single store had grown into a $3 million company. After a trip to the United States in 1961, Ito became convinced that superstores were the wave of the future. At that time, Japan was still dominated by Mom- and-Pop stores. Ito’s chain of superstores in the Tokyo area was instantly popular and soon constituted the core of Ito-Yokado’s retail operations. In 1972, Ito first approached the Southland Corporation about the possibility of opening Seven-Eleven convenience stores in Japan. After rejecting his initial request, Southland agreed in 1973 to a licensing agreement. In exchange for 0.6 percent of total sales, Southland gave Ito exclusive rights throughout Japan. In May 1974, the first Seven-Eleven…You and three of your close friends have discussed plans to open a pizza restaurant with a delivery service. You intend to attract to your business young professionals who live and work near the downtown area and who are healthy and fitness-minded. You and your co-owners agree that each will invest equally in terms of time and money. However, in addition to contributions and "sweat-equity" made by each of you, another $400,000 is essential for the restaurant to succeed. 1. What type of organization is best suited for this business activity? 2. What steps would you take to manage the restaurant during times that you and your co-owners are not present? 3. What liabilities do you and your co-owners face?
- Did Ms. Mayer successfully contribute as the C.E.O. of Yahoo or was she vastly overpaid?Khalil quit his job as an investment banker to start Assi Rafts, a canoe and kayak rental business in Bekaa. Khalil was tired of the corporate life and was ready for a change. He bought a land, built his facility, and bought canoes, kayaks, trailers, and vans. He did no market research such as talking to potential customers before investing in the business. In the seven years the business operated, it never reached even half the revenues it needed to be successful. In the end, he closed the business after spending all his and his parents' savings. What function would a business plan play in Khalil's case? * Enhance his creativity Strengthen his research skills Attract lenders and investors he was in desperate need for to launch his business Serve as his road map on the O journey toward building a successful businessWhat is the best explanation of entrepreneurship? Why is it that job opportunities are difficult to some Filipinos? Explain the meaning of "Emotional stability is an important factor in the making of an entrepreneur." What do you mean by "The entrepreneur is flexible and adapts to change." Explain the meaning of the statement, "The entrepreneur develops feedback mechanism for results." What are the tasks and challenges of a store manager? What are the tasks and challenges of a financial manager? What are the tasks and challenges of a marketing manager? What are the tasks and challenges of a sales manager? What are the tasks and challenges of a production manager? What is a business plan? What is your overview on SWOT analysis? Enumerate the 5 Components of Competitive Analysis. What is channel of product distribution all about? Give example on how you are going to distribute your product. In SWOT analysis, what are some ways on evaluating the product? Enumerate the factors to consider…
- Steve Jobs recommended that entrepreneurs "live widely". Jean-Baptiste Say stated that "The entrepreneur must have special personal qualities: judgment, perseverance, and a knowledge of the world as well as of business." Why would Israel Kirzner agree with those statements?1. Explain the basic principles of Financial Management. 2. Explain why raising capital for a new venture is a challenge for entrepreneurs. 3. Explain why some entrepreneurs resort to social bricolage.What are the 8 advantages and disadvantages of (each) Friedman's traditional view and Carroll's 4 responsibilities of business.
- 3. To what extent do men and women differ as entrepreneurs in terms of the types of companies they create and manage, the industries in which they operate, the challenges they face and their sources of competitive advantages? Are this difference greater or less than they were five years ago? Are we going to soon find that there are no difference between women and men entrepreneurs? 3Being an entrepreneur requires having to take some principled risks. A good example is given by the Aravind Eye Care Hospital - founded by Dr G. Venkataswamy.Their vision is to eliminate blindness in the world. Worldwide 45 million people are blind and 12 million of those live in India. But the worst part is 80% of this blindness ispreventable. What impressed most was the great sense of shared value and vision among the people working there. And this is just the best part of a great legacy left by Dr G. Venkataswamy, founder of Aravind Eye Care. He founded his first hospital in 1976, when he was 58. He started small, with just ll beds, but year after year he created what today is the most productive eye care facility in the world. He died almost l0 years ago, but his lessonsare still valuable and are great pillars for the company. If you are looking to create a greatsocial enterprise, note down what made Aravind Eye Care unique. Given this short scenario, and using your own words, each…Salman is planning to start a business with his brother (A gym). - Explain to Salman what the strengths and weaknesses of a family business are. (Mention 3 strengths and 3 weaknesses).