Enfb 4170 stuvia Study guides, Class notes & Summaries

Time Management - ANSWERS-Prioritize (most important to least important) -Always have uncompleted task at the end of the day -Delegate (when uncompleted task are harming the company) -Have a calender (you can control your calender) -Don't interrupt current tasks -Handle mail/email only once -Manage meetings well -eat breakfast When should you change your calendar? - ANSWERSOnly when something more important comes up (will have to reschedule) Modify your calendar if a new task of sign...

Should you have more or less people when having a meeting? - ANSWERSLess people (no more than 7-8) If someone is late to a meeting, should you wait for them to start? - ANSWERSNo, start without them Should you set a specific ending time for meetings? - ANSWERSYes, and be sure to end on time When should you announce how decisions will be made during a meeting? - ANSWERSAnnounce at the beginning Which form of voting should you never choose during a meeting? - ANSWERSUnanimous (it inhib...

What is lean start-up? - ANSWERSApplication of lean manufacturing thinking to innovation Where did lean startup originate? When was it fine tuned? Who is a good example of lean startups now a days? - ANSWERS1. came from Japanese car manufacturing 2. They fine-tuned it in the 60s-70s and then destroyed the American cars later on 3. Koreans are now doing this to the Japanese Entrepreneurship is a kind of ___________________________. - ANSWERSManagement Can entrepreneurship be taught? - ...

What is the hardest task as an early stage company? - ANSWERSGetting customers to purchase or pay for your product What marketing techniques should you use for B2B customers and B2C customers respectively? - ANSWERSB2C -- Digital marketing B2B -- Inside sales team Sales & Marketing strategy (5 parts) - ANSWERS1. Identify your competitive advantage - narrow it down to one 2. Identify Target Market - Markets that favorably respond to your competitive advantage 3. Determine the size o...

What is the hardest task as an early stage company? - ANSWERSGetting customers to purchase or pay for your product What marketing techniques should you use for B2B customers and B2C customers respectively? - ANSWERSB2C -- Digital marketing B2B -- Inside sales team Sales & Marketing strategy (5 parts) - ANSWERS1. Identify your competitive advantage - narrow it down to one 2. Identify Target Market - Markets that favorably respond to your competitive advantage 3. Determine the size o...

Should you have more or less people when having a meeting? - ANSWERSLess people (no more than 7-8) If someone is late to a meeting, should you wait for them to start? - ANSWERSNo, start without them Should you set a specific ending time for meetings? - ANSWERSYes, and be sure to end on time When should you announce how decisions will be made during a meeting? - ANSWERSAnnounce at the beginning Which form of voting should you never choose during a meeting? - ANSWERSUnanimous (it inhib...

What are the four steps to the *entrepreneurial strategy*? - ANSWERSthink big, start small, fail quickly, and grow fast What are the 3 advantages to *thinking big* - ANSWERS1. get investors attention 2. get a greater return 3. make it easy to inspire people/recruit What are the 4 advantages to *starting small* - ANSWERS1. minimizes losses from failures 2. raise smaller amount of money, meaning less dilution of ownership 3. less time to raise less amount of $ 4. easier to measure resu...

What is lean start-up? - ANSWERSApplication of lean manufacturing thinking to innovation Where did lean startup originate? When was it fine tuned? Who is a good example of lean startups now a days? - ANSWERS1. came from Japanese car manufacturing 2. They fine-tuned it in the 60s-70s and then destroyed the American cars later on 3. Koreans are now doing this to the Japanese Entrepreneurship is a kind of ___________________________. - ANSWERSManagement Can entrepreneurship be taught? - ...

entrepreneurial strategy - ANSWERS1. think big 2. start small 3. fall quickly 4. grow fast start small - ANSWERSminimizes the losses from failure raise small amount of money less time to raise lower amount of money easier to measure results fail quickly - ANSWERSsave time saves money gets us to the right answer faster grow fast - ANSWERSwindow of opportunity closes fast get to break even faster get to profit faster supervision - ANSWERShire people recruit train...

entrepreneurial strategy - ANSWERS1. think big 2. start small 3. fall quickly 4. grow fast start small - ANSWERSminimizes the losses from failure raise small amount of money less time to raise lower amount of money easier to measure results fail quickly - ANSWERSsave time saves money gets us to the right answer faster grow fast - ANSWERSwindow of opportunity closes fast get to break even faster get to profit faster