Malincho and ajay essay
Apply the Timmons entrepreneurship framework (entrepreneur-opportunity-resources to analyze this case. Analyze and explain Kalin’s traits and how he gathered resources for his venture.
Malincho case study reveals the fact that the development of the business by Kalin was the combination of the business opportunity for Kalin, the entrepreneur, who wanted to start his business being very constrained with resources. To put it more precisely, Kalin had a good business idea and he had an opportunity to start a potentially successful business. However, he relied too much on his entrepreneurial skills because he often took decisions, when he was running out of resources or when he had not enough resources to fund his project, for instance (Gwynn, 2004). In such a situation, his actions were quite daring and relied on his intuition and good luck mainly rather than on his carefully planned business project. At the same time, he gathered resources relying on his own income, the help from the part of friends and other available resources.
- What business models are open to a food-product importer? What steps should Kalin take to position his company for the next phase of early-stage-growth?
In fact, Kalin had two main options to import food-product, feta cheese from Eastern Europe to the US. First, he could use cow cheese which would be costly due to the high import fiscal barriers established in the US. Second, he could choose sheep cheese that was costly in Bulgaria and Eastern Europe but could be imported without fees to the US. In this regard, Kalin has chosen the sheep cheese because it was of the higher quality, while the ultimate price of the product in the US would be quite competitive, whereas the cow cheese would be of the lower quality, while the price of the product would be too high because of the existing fiscal regulations that protect American farmers from the import of dairies from abroad (Breneman & Taylor, 2006). In this regard, Kalin should also consider the possibility of the diversification of the supply of dairy products using sheep milk as the basis because such products would not be exposed to high fees as cow dairy are. In addition, Kalin should focus on the minimization of transportation costs that includes not only cheaper transpiration services but also safer and accurate ones. For instance, he received the first cargo with about 5% of cheese damaged that meant 5% loss for him. The reduction of such losses would allow Kalin to increase revenues from the trade.
- What would be the concerns of a potential investor?
Potential investors would be concerned with a long-run plan of the business development of Kalin, who faces considerable challenges at the early stages of the development of his business. He relies too much on his entrepreneurial skills but he has a few reliable customers and his target customer group is limited to Americans of the Bulgarian origin, who are nostalgic about the food imported from their homeland. Therefore, potential investors would be concerned about prospects of the further business growth, if the target market is saturated. In addition, investors could be concerned with the transportation costs because they could increase, if the oil price grew. Therefore, potential investors would be concerned with the possible removal of production facilities closer to the US.
Ajay Case Study
- What traits does Ajay exhibit that have helped him to get this far? Are these the knowledge, skills, and abilities needed by good entrepreneurs?
Ajay has the deep understanding of the product he was offering to consumers in the market. He was also fully aware of its prospects in the market and its business opportunities. Ajay was hard working since he was able to work 18 hours per day. More important, he was success-oriented since his firm belief in his product led him to Babson College and contributed to the development of his connections and positive interpersonal relations with many people working in the same field (Breneman & Taylor, 2006). Moreover, he has managed to identify key customers, such as one of the largest companies in the POS industry which was the main target customer for Vayusa. In such a way, he was bold enough to refer to key customers directly and he was apparently convinced in the overall success of his product. More important, he has managed to convince his business partner, Walter, and other people that his products could be and will be successful. When he was running out of money, he has managed to win grants that allowed him to support his business project. He studied not only computer engineering but also business administration that was essential for his entrepreneurial activities. In such a way, Ajay had basic knowledge and skills that were essential for a good entrepreneur since they helped him to tackle difficult situation and allowed him to come through major challenges successfully.
- Define and explain the purpose of a rocket pitch. Imagine a potential investor has heard his rocket pitch. What concerns would a potential investor have? Is it a good investment?
The purpose of the rocket pitch was to simplify the payment for customers since the new technology offered them an opportunity to conduct the payment and other transactions using their mobile phones and any payment terminal available to them in the market at the moment (Gwynn, 2004). In fact, this technology allowed consumers to use mobile as the truly universal tool to make payments and other transactions whenever and wherever they needed. The new technology developed by Ajay outpaced major rivals and substitutes that have already operated in the market, when Ajay has decided to introduce the technology and launched his business. However, potential investors may be concerned with the existence of similar products in the market (Volti, 2005). In addition, investors could be concerned with transactions security. However, the investment into the project developed by Ajar would be a successful and effective investment because the project introduces the universal tool that makes mobile phone a new tool of payment.
- If Ajay decides to move forward, what more can he do to build credibility and improve his chances of securing venture capital?
First, Ajay should reveal the full extent to which Vayusa outpaces its rivals. The revelation of advantages of the new product compared to existing ones may persuade investors that the product is worth investing, while success of similar products, will show them that the new, better product can take a large share of the market. Furthermore, Ajay should stress the technical advancement of the product since investors and consumers should be aware of its reliability and safety.
...commissioning on site; the balance of 10% after three months satisfactory performance.As provided in the contract, BETA paid to CONARTIST 20% of the contract price (Rs. 2,000,000) on the signing of the contract on 1 September 2010, a further 20% (Rs. 2,000,000) on 6 January 2011 upon completion of tests of the equipment at the CONARTIST works and 25% of the contract price (Rs. 2,500,000) upon delivery of the equipment to BETA site on 20 February 2011. On 29 March 2011 CONARTIST assigned to ACME the right to receive the remaining two payments, of. Since that time no payment has been made by BETA to ACME. In the case of the payment due upon commissioning on site, BETA paid it to CONARTIST on 19 April 2011, i.e., nine days after having received notice of the assignment. BETA has claimed that the notice was defective in form. These objections are manifestly unfounded. In the case of the payment due after three months satisfactory performance, BETA has refused to pay it at all. When ACME was assigned the right to payment under the contract between BETA and CONARTIST, it was necessarily assigned the right to enforce its rights in the same manner as the assignor, CONARTIST, would have had. ....
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...Summary- ‘Utilization of E-Logistics in Multinational Companies To Overcome Difficulties of Today’s Economic Environment’ The rapid emergence of the internet has greatly influenced the regular operations carried out by businesses. According to Auromo’s definition of E-logistics (as cited by Angheluta and Costea, 2010, P.1), “It can simply mean processes necessary to transfer the goods sold over the internet to the customers”. The integration of E-Logistics in a company’s supply chain model has resulted in several Web-based frameworks being created which are targeted for the use of the suppliers, management, other intermediaries and the customers for purchase as well as post-purchase services. An example used was DHL which uses on-line tools to track their shipments and also provides their customers with the convenience of tracking and tracing their shipments online without incurring additional costs (Angheluta and Costea, 2010, P.2). ELPIF: E-Logistics Processes Integration Framework is designed to apply “Automating process integration” to reduce time and cost, provide service efficiently, gain competitive advantage and aid companies to sustain despite any economic crisis (Angheluta and Costea, 2010, P.3). The article mentions two multinational companies and presents the efficiency of E-logistics integration in their Supply chain model. Volvo Logistics Corporation (VLC) and Haier Logistics Corporation (HLC) are subsidiaries of Volvo Group and Haier Group respectively...
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...and no working experience. In May 2006, the company secured a contract worth RM 750,000. Due to shortage of funds, the company must apply banking facilities from banks. However, the banks have required the company to submit the audited financial statement for two years which sadly, the company accounts never have been audited. Due to that, the company has appointed Aziz & Co. as company auditor. Consequently, during the performance of audit, it has been found that there were many unresolved issues and the auditor want to express qualify financial statement. But Encik Zayed doesn’t want the auditor to issue qualified audit report since that would make it difficult for the company to get banking facilities. So, he hired Cik Amy. In this case, the protagonist is Cik Amy. As new finance executive, she faced few problems. The first problem is unorganized and incomplete accounting record. For example, there was missing of Accounts Receivables listing. Due to this, the second problem arose which is to entertain and fulfill the auditor needs. In addition, the director and CEO were not familiar with Accounting Standards and the provision of the Companies Act 1965. So, their lack of knowledge in those fields resulted in wrong treatment of some transactions and accounts. Incomplete information and records: Withdrawals were made from the company totaling RM12,500 without proper documentation. Besides, several pages of Account Receivables listing went missing. Listing of Account......
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...The case study discusses challenges that the Iggy’s Bread of the world are experiencing ensuring effective leadership while maintain the culture of the organization. Igor and his wife Ludmilla Ivanovic both started the Pain d’Avignon bakery with no previous in baking. Passion, motivation, and dedication enabled the bakery to grow at an unprecedented rate. Upon insisting on using only organic ingredients, the Ivanovics and their partners seemed to be going in different directions and consequently decided to sell their share of the bakery and start a new one where they can continue their business journey. Iggy’s Bread of the World was established and in just six months, and no marketing, the bakery generated revenues over $1.5 million. As they became more successful, new challenges arose. Challenges included hiring new employees, assigning a management team, and making decisions concerning expansion. As they grew bigger, the Ivanovic lost control over day to day operations and new management team led by Matthew McRae – the appointed COO took over. Tensions began to rise as the new management team were looked at as outsiders who were attempting to change the culture set by the owners. Employees perceived the new management team as uncaring and inconsiderate of the family culture. The Ivanovics must thoroughly analyze the credibility and qualifications of the new management team. All new employees including any executive member is required to embrace the culture of the......
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Case Summary Malincho
...| Malincho Case | Assignment #1 | | Donna Fung - 647 628 8787Estella Kuate - 647 520 3300Estefania Tellez Martinez Melissa Toth | 1/23/2013 | SIB560WX Professor Byron Tobar | Table of Contents The Main Issue 2 Organization’s current mission, goals and strategies 2 SWOT analysis 3 Brainstorm Solutions 4 Select Solution 5 Develop an Action Plan & Implementation 5 Evaluate Results 5 The Main Issue The main issue of the case is that there is a requirement to obtain more funding to finance the company’s future endeavors and repay debts. Organization’s current mission, goals and strategies MISSION STATEMENT The mission of malincho.com is to provide quality products to consumers while developing lasting and trusting relationships. GOALS (OBJECTIVES) * To maintain a professional image (to be perceived as highly successful) * To have profit * To continue the extension of Malincho resulting in reduction of debt * Expansion of company to hire employees and create a storefront * To gain consumer’s trust * To provide quality products for a low price STRATEGIES- 1.1. CORPORATE STRATEGY- Importing of European food products with the intent of resale. 1.2.1. Growth- To open a storefront while maintaining the internet sales, and hiring employees. 1.2.2. Stability- Use trust based business to secure longevity of consumers 1.2.3. Renewal- To assess situation as it......
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...be carried on in the usual way business of the kind carried on by the firm s8(2) Goldberg v Jenkins (1889) J & L were in a partnership J borrowed money for own use in firm's name, then defaulted on loan G sued L argued J not authorised to negotiate loan and G should have been aware of that Agreed to interest at 60% (normally 10%) Held: L as not liable. If rate had been usual interest could be said to have actual authority. Such borrowing was beyond the 'usual way' of the firm and thus the firm was not bound to the transaction. “A person conducting his transactions in the ordinary way in the year 1888 would have been able to obtain all the advances which he could reasonably require at rates varying from 6 – 10%; but in this case, referring to the last transaction, the interest was something over 60% and the person lending money on those terms knows that the person borrowing is not conducting an ordinary business transaction, and that, therefore the partner borrowing would have no power to bind his co-partners. Issue: Fiduciary Relationship – Duty to render accounts s31 Law v Law W and J were partners in a wool manufacturers business in Halifax, Yorkshire. W lived in London and took little part in the running of the business. J bought W's share for £21000. Later W discovered that the business was worth considerably more and that various assets unknown to him had not been disclosed Held: The sale is voidable and may be set aside. “Uberrima fides......
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Summary of Case
...Case #1: Brigham and Women’s/Faulkner Hospitals This case takes an in depth look into the evolving medical industry. Key aspects of this case focus on the benefits and drawbacks of a merger between large and community sized hospitals and the possible cost subsidizing that may occur and the impact the qualitative factors may play in such cases. Overview of Industry: Health Care costs began to rise while insurance reimbursements began to fall. This led to a larger amount of patients being treated on outpatient basis. This aided in temporarily curbing the costs associated with overnight patients. AMCs therefore focused on primary care as means of reducing operating costs. Thus a lot of emphasis was placed on cost control. Managed Care plans lead to capped fee for hospitals. As a result, BWH saw a drop in incoming patients. AMCs thus focused on primary care as means of reducing operating costs. Community doctors were reluctant to recommend AMC doctors, instead sent patients to less costly hospitals. The solution seemed to be pointing towards possible mergers. The mergers’ purpose was to achieve Economies of Scale and also get access to the patients and knowledge of community hospitals and fill the gap where the large hospitals lacked market penetration. OUTLINE OF BWH HOSPITAL: Largest hospital in New England. Often ranked as best in service. High end teaching hospital. Employs more than 12,000 people with 44,000 patients. Annual research budget of......
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...Dawei Chen Case Summary- Confucius, Machiavelli, and Rousseau According to the Case context, we can find out many ideas about leadership. First, from the great Chinese ancient philosopher-Confucius that we can learn that a phenomenal leader needs to love people and use virtue to rule a society. The ultimate goal for a leader is to fulfill everyone’s demand. In order to achieve this goal; a leader must be a sage or at least a very wise man to set up a very extraordinary example for others to learn. However, this opinion has a very obvious flaw that people cannot be as good as he think and most people are selfish that this kind of leadership is not going to be successful. Second, From the Machiavelli, we can acquire the idea which is almost opposite from Confucius, in his eyes, people has variable characters and most people are wicked. They are selfish and the only way to rule them is to treat them like objects. To achieve this goal, most leaders need to use the power of government and use many different strategies to control his followers such as military forces and spies. The core of his theory is to make fear in people’s mind and use this fear to set up the leadership and leaders can observe other leaders to make this happen. Third, case describes the great thinker in revolution era- Rousseau. He established the basic ideas of democracy. The core idea of his “The Social Contract “is to gather the “general will” and make the general will into a contract that is the...
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...Case #3/Dying, death and bereavement in social work Introduction In this case we are presented with The Florida Project for Human Justice; a nonprofit agency in downtown Tallahassee that provides legal services to inmates pro-bono. Diane Epps, executive director/attorney and Joe Moran, lead attorney for the agency has invited their co-worker Cynthia Sanders, mitigation investigator to join them in working with one of their death row clients. , Elaborate more on the case Problem Statement The team of attorneys and mitigation investigator cannot agree on whether Mr. Aranda is competent enough to make the decision of waiving his death sentence appeal or if his rights to self-determination is being violated. It is important that the team is united in their decision in order to present a solid case to the presiding. Very good problem statement Contextual Analysis The Florida Project for Human Justice is a nonprofit agency that primary mission is to represent death-sentenced inmates across the state who are appealing their sentences. The agency also advocates for clients with life sentences and for a change in state law to end the death penalty. They’re ultimate mission is to protect and sustain the lives of those on death row. The agency consists of a staff of seven with a high employee turner turn over. The work is stressful and they operate on a very limited budget. The agency is primarily devoted to appellate work and usually began providing services when the......
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...claims and judicial resolution of legal cases. Your ability to achieve these objectives will be evaluated by your performance on the case briefs, class discussions, and an excruciatingly final examination. TEXTBOOK: The textbook is Cheeseman, Business Law: Legal Environment, Online Commerce, Business Ethics, and International Issues, 8th ed. (ISBN 978-0-13-289041-0). COURSE ASSIGNMENTS: (1) You must turn in a case brief (i.e., a one-page “executive summary”) each week from Meeting #2 through Meeting #14, inclusive; (2) Lead (when designated by instructor) and participate in weekly class discussions of the cases; and (3) Take an excruciatingly difficult final exam. Each brief must be done in the style and format described at pp. 5-9, below, with the following modifications: a brief may not exceed 1 page, with one-inch margins all the way around, at least 1.5 spacing, and at least 10-point font. To earn an “A,” logic, clarity, cogency, and interest must be evident. An “A” paper must be neatly typed, with virtually no errors in grammar, spelling, and style. A “B” paper will be well-written but will lack the “spark” of an “A” paper and may contain errors. A “C” paper will contain errors and be poorly written and/or organized. Lower grades are awarded for sub-standard papers. Late papers will be penalized according to the following formula: [(awarded points)(.97n)], where “n” = number of days late. You may work together to analyze and brief the cases, but each brief must be......
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...Case 1: Malincho (Word limit: 1000 words, A4, 12-times new roman, 1.5 line spacing) Q1. What is the Case all about? The case is all about Mr. Kalin Pentchev’s business. Kalin is a Bulgarian who traveled to the US for his Accounting and Finance studies. His experiences and discussions led him to the cheese business: Bulgarian feta importation. The case describes his story from 2000 to 2003 where he started from nothing and built a well-established business. His activity went from importing containers of cheese only, to importing a variety of Eastern European products. * First time business * Early stages * Opportunities Q2. Please describe Mr. Kalin Pentchev’s personality Kalin is a hardworker, selfmade man who doesn’t seem to have limits on what he can do to create a successful business. He has an interesting personality because he can spend a lot of time brainstorming before taking a decision, but when it comes to solve an urgent issue he is able to think fast and adapt to almost any situation. Intelligent with strong business abilities, he knows how to manipulate peoples mind like when he decides to buy a brand new car and a suit just to impress the people he has to make business with. Q3. Is It a good opportunity for Kalin’s business? Kalin started from almost nothing. He had to take risks, think fast and use his network to succeed, while remaining aware of the costs and benefits of everything. His personality suits perfectly for his activity since you......
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...This case describes a decision facing the officers of the Solidarity Fund, a large pension fund operated by the Quebec Federation of Labor (QFL).The QFL had founded the Fund to provide members of its affiliated unions and others access to professionally managed retirement accounts. It also sought to create job growth in the province of Quebec and to support companies with good working conditions, positive relations with local communities, and a commitment to environmental responsibility. The goal of QFL was to extend access to manage retirement account for its members and to instill job growth. Another focus of the QFL was to support socially responsible companies that carried out their due diligence process successfully and paid special attention to employee working conditions. The controversy stemmed from the fact the Gildan Active wear and Montreal based textile and Garment that started in 1984 managed and operated three factories. Gildan owned and operated three factories and in effort to compete with Hanes and Fruit of the Loom, Gildan began to expand in 1995, Gildan contacted the Solidarity Fund for help in financing its expansion. Gildan grew drastically and even expanded some production to Honduras. Gildan believed that Honduras was the reason for its success as 80% of the jobs were held by women between the ages of 18 and 25. In 2002, the basic minimum hourly wage was 63 cents. An employee in Montreal earned more in one hour than a Honduran did in one day. The......
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Entr 510 Week 1 Case Study Malincho
...ENTR 510 Week 1 Case Study Malincho Purchase here http://devrycourse.com/ENTR%20510/entr-510-week-1-case-study-malincho Product Description ENTR 510 Week 1 Case Study Malincho ENTR 510 Week 1 Case Study Malincho Purchase here http://devrycourse.com/ENTR%20510/entr-510-week-1-case-study-malincho Product Description ENTR 510 Week 1 Case Study Malincho ENTR 510 Week 1 Case Study Malincho Purchase here http://devrycourse.com/ENTR%20510/entr-510-week-1-case-study-malincho Product Description ENTR 510 Week 1 Case Study Malincho ENTR 510 Week 1 Case Study Malincho Purchase here http://devrycourse.com/ENTR%20510/entr-510-week-1-case-study-malincho Product Description ENTR 510 Week 1 Case Study Malincho ENTR 510 Week 1 Case Study Malincho Purchase here http://devrycourse.com/ENTR%20510/entr-510-week-1-case-study-malincho Product Description ENTR 510 Week 1 Case Study Malincho ENTR 510 Week 1 Case Study Malincho Purchase here http://devrycourse.com/ENTR%20510/entr-510-week-1-case-study-malincho Product Description ENTR 510 Week 1 Case Study Malincho ENTR 510 Week 1 Case Study Malincho Purchase here http://devrycourse.com/ENTR%20510/entr-510-week-1-case-study-malincho Product Description ENTR 510 Week 1 Case Study Malincho ENTR 510 Week 1 Case Study Malincho Purchase here http://devrycourse.com/ENTR%20510/entr-510-week-1-case-study-malincho Product......
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...aExecutive Summary The case gives an idea about how the competition influenced Jollibee's strategy, both domestic and international. Jollibee ,which was a Filipino chain of restaurants, was forced to change their strategy with the entry of McDonalds in Philippines, which later transformed the company into a global company .The company faced serious challenges with their international exposure. The challenges included the conflicts with franchisees/Joint venture and conflicts between divisions. Another issue that the company faced was the entry into Papa New Guinea, United States of America and expansion plans in Hong Kong. The company has to consider the financial instability it faces while considering their plans. In the analysis we have tried to cover the effectiveness of strategies adopted by Mr Tony Kitchner (Former International Division head). This case analysis report deals with, firstly the key management challenges faced by the company, followed by some supporting arguments. In the management issues, the report focuses into the conflicting areas or the need to establish a greater cooperation and coordination between the Domestic and International divisions. Then, the recommendations regarding what should the company do differently in each of its department like in Marketing, HR, Finance or Operations, to succeed in its plans of global expansion. Finally, the feasibility of the three decisions that the new management has taken is also discussed. We have also tried...
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...Extended case study Australian Beverages Ltd—Pre-seen case study information A - Introduction to Australian Beverages Ltd - 1937, Australian Beverages Ltd (ABL) commenced manufacturing soft drinks [non-alcoholic drinks rather than ‘hard’ drinks that contain alcohol]. - 1970s and 1980s, the company expanded beverage portfolio by entering into other non-alcoholic beverage categories, such as fruit- and milkbased drinks. - 2011, the company was Australia’s largest supplier of non-alcoholic beverages. - -Tom Dwyer, current Managing Director since 2008. - Joined the company at a time when carbonated soft drinks (CSDs) growth was stagnating and shareholder confidence in the company was waning. - Dwyer established a strategic planning team to assess the current product portfolio and identify organic and acquisition growth opportunities. - From this review the importance of operational excellence was identified - Strong investment was made in world-class manufacturing facilities and systems. - Process re-engineering was implemented to reduce the costs of manufacturing and time-to-market. - Given the declining consumption of CSDs, Tom Dwyer has sought to reduce ABL’s reliance on them, focusing on growing new products and entering new non-alcoholic beverage Categories. - Significant investment in product development of other non-alcoholic beverages - Several acquisitions made to grow the market share of non-CSD based beverages in the company’s......
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