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Ted is very worried about his friend Jamie. Jamie has been going out every night, drinking, getting high and not coming to class. He keeps missing Business Law, which everyone knows is the most important class. Ted tells Jamie that if he stops drinking every night and doing drugs, Ted will take him on a cruise to Mexico at the end of the semester. Jamie agrees and he stops partying. His grades improve, even in Business Law, and he finishes the semester. Jamie is super excited about the trip and askes Ted when they are leaving for the cruise. Ted tells Jamie that there is no trip, it was just an incentive to get him to stop partying. Ted congratulates himself on his good work!
 
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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 new entrepreneurs. Explore various forms of e-business and identify some promising new business models. These e-business business models do not have to be exclusively online. From these promising new business models identify the one that you would choose to replicate or use as a basis for further development and chose which country or countries you would focus on. Answer the following questions:

Identify 5 promising new e-commerce business models, describe them briefly and explain why you chose them. At least one should be from finance, one B2C and one B2B. The e-business model does not need to be entirely new, but it should be innovative in some way.

Select the one of the five business models you would want to utilize and which countries you would focus on first. Consider the likely challenges and how you would overcome them.

Which is the most critical part of this business model, and which is the most critical technology?

 
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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 maps for the different products they make. Why is it a good idea for the 3D area to take over this task?

  • The 3D area understands better than management how they make the products, can best describe the process, and can then identify ways to improve.
  • Producing their own value-stream maps will allow the 3D area to determine what steps it will need to take to change in the future.
  • Creating their own value-stream maps will demonstrate that the 3D production employees are ready to take on additional responsibilities.
  • If the 3D area produces its own value-stream maps, they can better inform senior management about their contributions to the company.
 
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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- solving skills to manage a successful startup? Why or why not? 3. Which of the three types of entrepreneurs relies more on the innate skill of the entrepreneur ? 4. How does the fishbone process aid entrepreneurs in finding the root cause to problems worth solving?
 
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