Assignment:
1. Local or Standard?
Companies that move into a new country are often faced with a dilemma of adjusting to local practices or enforcing the company's standard practice. Not all companies and not all countries will come up with the same solution.
Research an international company that has faced such a dilemma. Document the dilemma and explain if they adjusted to local or used standard practices (yes, you have to take a stance!). Be sure to cite at least one internet reference for each company to help your peers respond.
2. Opportunity Recognition
Jim Poss Case, in the textHis company, Seahorse Power Company, is an engineering startup specializing in environmentally friendly methods of power generation.
Poss had designed and done initial test marketing of a trash compactor, designed to reduce the frequency and energy expense of trash collection. The case discusses the opportunity and the technology and poses the following questions:
- Apply the Timmons entrepreneurship framework (entrepreneur-opportunity-resources) to analyze this case
- Discuss Jim Poss' fundraising strategies. What other options might be considered for raising the funds SPC needs? Is this a good investment?
- Discuss the growth strategy. What additional market(s) should Poss pursue?
Write each answer in 150 words.