Exam Assignment Example | Topics and Well Written Essays - 500 words - 1

Exam - Assignment Example Entrepreneurship involves implementation of alternative ideas to develop a business venture which is profitable (Chapman, 2012). An entrepreneur should be able to conceive alternative ideas from time to time. Since opportunities are available for a specific period, entrepreneurs should be able to implement the most profitable alternatives and will vary as situations vary. Therefore, before any investment is undertaken, an entrepreneur should be able to regulate all available alternatives and then select the most viable from the available alternatives. Innovation results to efficiency in production both in terms of time saving and resource utilization (EMAP Ltd. 2010.) Skilled and creative individuals have different alternatives of producing commodities. They will apply the most effective approach in each situation thereby resulting to effective utilization of resources. For example, utilization of automated teller machine (ATM) in the banking system has resulted to increase in the number of transactions completed in a day. This has resulted to a tremendous growth of the banking industry across the globe. Quality improvement results from efficient in utilization of resources. To obtain excellent quality, the producers have to utilize current technology (EMAP Ltd, 2010). Excellent quality products have minimal rejects and utilize all available resources effectively. Due to decline in waste as a result of excellent quality product, the producers are able to gain more from their production activities. For example, hospital offering excellent medical services will have minimal legal cases and will also increase their clients hence increase in productivity. An excellent leader should establish a team through whom they will be working together. A team leader should be someone who can be able to coordinate all the members to achieve desired results (Team Building Leadership,

Product Report Essay Example | Topics and Well Written Essays - 750 words

Product Report - Essay Example Apple has designed the latest model of an iPod with video capability. This makes it stand out for it does not only serve the purpose of listening to music but also watch videos. However, it would be better if this gadget contains a digital camera incorporated into it. This will make life even better, and people will not have to carry a digital camera. (Ireland et al, 2008) For this reason, am marketing a new design of an iPod by the name iPod Camera/ Video. This iPod has an added advantage for it contains a three in one service. Despite its nature, the price is very considerate which makes the gadget affordable. This is because from a range of $ 165 dollars a customer can obtain one depending on its disk space. Additionally, this product is very competitive in the market for it offers a twenty-four hour of music play back. Moreover, it has a huge storage capacity enabling individuals to store more than two thousand song, eight thousand images, and nine hours of video recording. (Irel and et al, 2008) To be able to buy iPod Camera/ Video a person has to visit the Apples customer care shops around the country. In these shops, the marketers will be able to sell the product and explain all the necessary information to customers. Such information will include how to use and maintain the iPod. Moreover, the sales and marketing agents in the Apple Company will be holding an outside market every weekend in the town center. The iPod Camera/ Video will be beneficial to all people irrespective of age and classes. However, it will be even more advantageous to the young people thus the sales and marketing agents will be going round in the institutions of learning to market the product. The iPod has three months guarantee, clear product description and a unique logo to help the customers distinguish the real iPod Camera/ Video from the counterfeits. This will enable the iPod to reach a hundred million marks in sales. This stems from referring back to other market analysis con ducted by the Apple Company that clearly manifests high rate of sales in other brands of iPod. Therefore, iPod Camera/ Video by being a new and modified product in the market will record even more market sales within a very short duration of time. However, this does not mean it will be the last brand of the iPod since the iPod family has been evolving since the first original launch in the year 2001. (Ireland et al, 2008) Lastly, the SWOT analysis of iPod Camera/ Video comprises of its brand perception, price, better quality control implementation, strong competition and major competitors among others. Brand perception clearly manifests the Apple Company as being very innovative when it comes to selling and manufacturing of their products. This makes it give a wider access to a series of brands that they continue to invent occasionally. Their brand stands out against all the other companies hence, it has registered in peoples mind that all their iPod brands are the best quality prod uct. (Ireland et al, 2008) Secondly, better quality control implementation reveals that Apple Inc. device quality control procedures to enable them to provide magical and revolutionary quality products to its consumers. However, the Apple Company that produces the iPod faces a huge competition in the current globe oligopoly from other companies such as Samsung, Nokia and dell among others. In addition, the political and financial crisis also adds to the apples challenges. This