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 […]
PlastiPharm has several clients whose contracts require the company to store three to six months of raw materials for them just in case they require a quick turnaround for an order, something that rarely happens. As the contracts come up for renewal, PlastiPharm intends to renegotiate the contract terms to reduce or, ideally, eliminate the […]
The kaizen bursts at PlastiPharm involve personnel from production, planning, purchasing, R&D, and engineering – and sometimes others. Which statement explains one of the best results from this team approach? Involving different departments allows for different ideas and perspectives to be presented as well as a deeper commitment to the outcome from everyone. The team […]
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