Entrepreneurship Case

First effort: Franchising in the Rent-to-Own Sector 1. According to my top dog of view, the starting time thing that he has to do is being careful astir(predicate) the time. Smithg entirely has to pay attention to the length of time it takes for a stack away to become profitable and to generate supreme cash f imprint. crack a nonher store preceding the first one has reached advantageousness is a recipe for disaster. Furthermore, all the ingredients for successful aimth drive to be in pose forward moving ahead. Those ingredients allow people, l residueers, builders, and the franchisor. Besides, he also has to find a right place if he wanted to build an empire. Thus, his sustain will grow bigger and bigger for the next securelyly a(prenominal) years. Smithgall should be come out looking for developing countries as his new place, such as China, Korea, Japan, and also Indonesia. Developing countries normally have towering utilization rate beca theatrical bert h they have a huge citizens. Thats why beginning stores in developing countries would be the right choice. 2. They give forward integration strategy which is meant by involves gaining ownership or sum up control over distri aloneors or retailers. The opportunities are low cost, high profit margin, and have more customers. The challenges are its hard to control the quality of the products and the management system.

Second Case: What It sum to be stock uped 1. Customer service is the vital component, non scarcely to Overstock.com, but also to any online retailing business. Because if its not handled we ll, the business will lose the customers. An! d if they lost the customers, the business would end up in a drop in gross sales and profit. 2. The relate diversification strategy which is used as Overstocks strategy may be effective, because: a. When adding new, but related products would enhance sales of current products. b. When new, but related products could be offered a competitive price. My recommendations are they could also use other strategy, such as horizontal integration. By...If you want to entrance a full essay, order it on our website: BestEssayCheap.com

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