Writing scripts for the entertainment industry is a challenging work due to a lot of competition and low prices, the writer in the case started earlier in the life while studying and gathered following, after some years the writer got a TV show that recognized the work, thereafter the writer independently launched various shows that failed until one show that became a huge hit, the writer thereafter closed a movie after two years of operation due to writer’s union strike, entrepreneurs have to deal with various issues, however dedication and entrepreneurial drive does bring success. Characters in the case: A well-known writer, who started off earlier in life and thereafter launched the self made TV shows and movies. Adequate information: Entrepreneurs is a person who takes risk and starts up the business for the purpose of making profits. To determine: The reason that a writing profession is extremely risky for an entrepreneur who makes TV shows or movies.

Question

Want to see the full answer?

Answer 1

Question

Chapter 1, Problem 2VC

Summary Introduction

Case summary:

Writing scripts for the entertainment industry is a challenging work due to a lot of competition and low prices, the writer in the case started earlier in the life while studying and gathered following, after some years the writer got a TV show that recognized the work, thereafter the writer independently launched various shows that failed until one show that became a huge hit, the writer thereafter closed a movie after two years of operation due to writer’s union strike, entrepreneurs have to deal with various issues, however dedication and entrepreneurial drive does bring success.

Characters in the case:

A well-known writer, who started off earlier in life and thereafter launched the self made TV shows and movies.

Adequate information:

Entrepreneurs is a person who takes risk and starts up the business for the purpose of making profits.

To determine:

The reason that a writing profession is extremely risky for an entrepreneur who makes TV shows or movies.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

Supporting Strategic Initiative Through HRM Policies Given the strategic initiative and organization described in your Module 2 and Module 3 Critical Thinking assignment submissions, discuss the Human Resources Management (HRM) policies that would consistently and coherently support attainment of your strategic initiative. These policies might address recruitment, selection, training/development, performance evaluation, compensation, and dismissal. Briefly describe the organization and your initiative. Describe HRM policies you think are important to implement your strategic initiative. Describe rewards and incentives that would be used to ensure compliance, buy-in, and effort to make the strategic initiative successful.

As you are looking at different areas within the country in which to locate the manufacturing plant, you came across a facility built by a startup company that went out of business within two years due to underfunding. You think you can get a good price for the plant, but you will need to negotiate with the local owners. You are a fairly experienced negotiator in the US but have never dealt with parties from your expansion country. To prepare yourself, review Chapter 5, which describes various ideas for negotiating with different cultures. Additionally, you may go to the following website and view videos on Cross-Cultural NegotiationsLinks to an external site.. Initial Post Instructions For your initial post, describe key factors that you would want to research prior to conducting negotiations with key personnel for the purchase of a manufacturing plant in the location selected for your expansion initiative. Explain why you think this would be a key factor in the negotiation…

Develop a risk management plan for the transition to a smart meter system. How will WSSmeasure the success of this risk management plan?