Concept explainers
Case summary:
In the provided case, Mr. D noticed the problems women faced in traditional gyms as those were intimidated and not even sure that how to use some of the equipment’s. Therefore, Mr. D started his own gym offering his clients the support of a concerned coach and innovative workout. The number of clients grew so did the number of employees and management challenges. The mistake was not taking the business seriously and not getting finances in order.
Characters in the case:
The character that in the case are Person D and JCF Health and Fitness.
Adequate information:
Person D as a fitness enthusiast converted his passion into a business idea and decided to train people opening JCF Health and Fitness and offered support and innovative workouts to the people.
To determine: The way Person D applied the phase “find a need and fill it” to his business.
Want to see the full answer?
Check out a sample textbook solutionChapter 6 Solutions
UNDERSTANDING BUSINESS: SIMNET >IC<
- 1. Identity five elements that are important in assessing and comparing the attractiveness of alternative business opportunities in terms of their market potential.2. identify three elements that are important in assessing and comparing the attractiveness of 'alternative business opportunities in terms of their financial viability.arrow_forwardIn your opinion, do you believe it is theresponsibility of businesses to address theSDGS? Explain your answer.arrow_forwardWHAT IS BUSINESS PORTFOLIO OF JOLLIBEE FOODS CORPORATION? WHAT IS THE PARENTING RELATIONSHIP OF JOLLIBEE FOODS CORPORATION?arrow_forward
- Critically evaluate the VRIO as a framework to identifycompetitive advantages and disadvantages. Use examples andrelevant literature to support your answer.arrow_forwardIn your outlook, which do you think is the most effective among the (4) strategies of market targeting? Explain why? Which do you think among the four will become profitable in gaining a successful business outcome considering with enough resources?arrow_forwardHow do feet about businesses who dont use the four-drive theory?arrow_forward
- 1) what role did Tammy Bird and Melinda McMullen play in the development of Food from the hood? How did each of them help develop the skills and their business?arrow_forwardAs would-be Entrepreneur, you are tasked to write down at least 3 career opportunities which attract you most. Indicate what competencies you need to enhance in order to become successful in these opportunities. Write your answer in the space provided.arrow_forwardWhat are the different sources of business opportunities? How do we uncover or discover each of them? How do we deal with different/ many opportunities?arrow_forward
- Conduct a SWOT analysis for Swiitch Beauty. Please discuss and motivate atleast three (3) strengths, weaknesses, opportunities and threats for Swiitch. Case study attached as imagesarrow_forwardWhy has Toms Shoes been criticised for the effects it's "but one, give one" business model? What would be a better strategy for it to pursue?arrow_forwardGive two examples of different ways that outstanding marketing companies do to learn about and understand their customers’ needs, wants and demands?arrow_forward
- Understanding BusinessManagementISBN:9781259929434Author:William NickelsPublisher:McGraw-Hill EducationManagement (14th Edition)ManagementISBN:9780134527604Author:Stephen P. Robbins, Mary A. CoulterPublisher:PEARSONSpreadsheet Modeling & Decision Analysis: A Pract...ManagementISBN:9781305947412Author:Cliff RagsdalePublisher:Cengage Learning
- Management Information Systems: Managing The Digi...ManagementISBN:9780135191798Author:Kenneth C. Laudon, Jane P. LaudonPublisher:PEARSONBusiness Essentials (12th Edition) (What's New in...ManagementISBN:9780134728391Author:Ronald J. Ebert, Ricky W. GriffinPublisher:PEARSONFundamentals of Management (10th Edition)ManagementISBN:9780134237473Author:Stephen P. Robbins, Mary A. Coulter, David A. De CenzoPublisher:PEARSON