We are experiencing a dynamic e-business environment with both failing and successful companies evolving or reinventing their business models. For example, recently one of the largest big-tech companies decided their core business was not their main focus anymore and they even changed their name and logo. This creates challenges but also new opportunities for daring […]
Value-stream mapping at PlastiPharm is a once-a-year effort that is conducted by senior management at a high level. Because PlastiPharm produces more than 150 products, the value-stream maps are often obsolete before they are posted on the shop floor. The 3D production area has proposed to management that they analyze and create their own value-stream […]
1. Which method do you think applies more to entrepreneurship, the innovative or adaptive problem-solving method? Do you see yourself as using one method more than the other in your entrepreneurial endeavors? If so, which one and why? 2. Do you think it is important for the entrepreneur to understand and develop all the problem- […]
Case indicates that 97 rental requests arrived over a 26 week span. Assume no variation in rental times (i.e. the standard deviation of rental times is zero) and that inter-arrival times are exponentially distributed (i.e. the coefficient of variation is 1). Suppose REI has decided to set up a subscription-based rental ski business. In this […]
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