Interview with an Entrepreneur Assignment Example | Topics and Well Written Essays - 2500 words

Interview with an Entrepreneur - Assignment Example evealed under the heading of Interview Summary, has been scheduled to focus on eight particular issues that had been of substantial importance during one’s migration from being employed to being an independent individual with high hopes of becoming a successful entrepreneur. The interview starts with the factors that inspire a person to be self employed. Next, light has been shed on the changes that take place in his life since he had opted to be self employed and the measures adopted by him to cope with those changes. Subsequently, questions were aimed at understanding his opinions on skill requirements and other aesthetic aspects associated with entrepreneurship. The basis of this interview is to try and substantiate an individual’s decision of gauging the comparatively riskier waters of entrepreneurship by sacrificing the sense of security that employment confers. Life has turned to a new leaf since I have moved from employment to self employment. Previously job responsibilities were routine based tasks which had comparatively lower responsibilities. Self employment has imposed greater responsibilities and there is no limit with regards to the volume of work. After moving to the role of an entrepreneur I have also started devoting fewer times to my family and friends. The best part however is that I welcome this change. On the professional front entrepreneurship has provided me with lots of freedom to explore and try out new ideas which is quite different from a routine job where there is less room for exploring new ideas. Certain changes have come as a pleasant experience like added responsibilities, work pressure etc. It was difficult in the very beginning since the entire gamut of the business fell upon my shoulders. Family and personal life has of late taken a beating as I have been unable to devote time to my family. On this occasion I would sincerely thank my wife, my children and my friends who have been supporting me in my new initiative. The

Strategic Management And Leadership Assignment Example | Topics and Well Written Essays - 4750 words

Strategic Management And Leadership - Assignment Example The company has a gross profit of $129 billion compared to that $14.42 billion of Costco wholesale, Amazon's $28.69 billion, and 29.53 and $ 78 billion of target corp. the retail market share of the company is 11.2 down from 11.4% last year. This is in comparison to Amazon's 11%, Costco's 9.9%, and target's 11.1% (Hill & Jones 2012). In terms of its procurement, Wal-mart procures their products directly from the manufacturer to reduce the cost of production. The other competitors, however, work in close partnership with partners who supply them with the required products. From these reasons and comparisons, it is evident that Wal-Mart is more successful compared to its main competitors. That is why it is the leading retailer in the globe.Reasons for the company’s successI. Provision of low prices every day: From their slogan, it is evident that the company uses affordable prices for their customers. As a result, they are able to gain a wider market share. Most customers yearn for quality services at affordable prices. That is why wall-mart is successful since it is able to attract and retain more customers thus amassing profits (Tambi 2010).II. Grocery retail: availability of grocery retail is a plus for this company. It enables them to attract customers who are in need of doing a one-stop shopping. Since the groceries provide quality customer services and products, they are able to attract more customers. This adds to their success by adding a number of profits they gain in the market.