Question

Write a 800 word paper in summarizing what you have learned from General Management Class. Address how you will apply what you have learned personally and professionally.

Answer 1

I have been consistently looking for entrepreneurship and has been influenced by many of the start of operations which have provided extensive availability of opportunities in the respective environment to carry out the specific task of operation.

Some basic Strategies for an entrepreneurship which I would follow in food Industry in my career for future endeavors are as follows.

Researching new products as well as services

By researching new products in the same field as well as providing new services. Entrepreneurship can be Very much benefited by these two terms by developing new products as well as introducing new services to your entrepreneurship business you can easily increase your overall reach and create new catalogue for the company. I will research about New recipes as well as new cooking techniques which can enhance my overall food chain as well as the food store to provide better services to the customers.

I'll start with the small markets

Rather than tackling bigger markets, I will start from the smaller Markets and when I will get established in the smaller markets then I will switch to the bigger markets for my company. This specific strategy would reduce the overall risk of failure. Rather than opening bigger food chain in bigger cities I will start with smaller cities with the smallest old to grow constantly and reduce the risk of failing.

I will listen to the customers feedback

I will listen and analyse the customer's feedback to adopt the changes. Listening to the customers is one of the most essential part for an entrepreneur as all of their services and products are initially very customer oriented to be more promising . By listening the quality of my food as well as the taste I will definitely provide a better product to the customers.

Analysing the market and changing according to it

I will analyse the market and change my strategies according to the current market needs. By analysing the competitors as well as that products I will implement my own product range as well as services for the customers. Ability in the food industry hence I have to go and look out for different competitive shops or those who deals in burgers and I will definitely try to improve my burgers in a different manner by creating a unique taste.

Creating a new market

By creating a new market with my ideas I will easily create a unique selling point of my products and provide extremely good services in the same class to become a Pioneer as well as set up my own Monopoly in the same product section. By applying this is specific strategy I can easily enhance the overall reach of my product as there would be no competition my products in the same field.

Recognizing the opportunity

I will recognise the opportunity of a business requirement in summer special field and work towards it. Bye properly studying the competition and recognising the market structure I can easily determine which field should I go for the maximum benefits as well as profits for my company.

Conserving the capital

I will conserve the capital for investing in my business, an entrepreneur should be as conservative as possible in terms of money. Rough patches can arrive anytime in an entrepreneurship program hence getting out from that specific page requires capital which can be rectified with the help of conservation.

As a part of my personality I would like to improve these four qualities of mine.

To be clear towards my goal

A specific goal is the only thing which keeps us motivated towards doing best in our jobs. By having a clear goal I can easily achieve my vision by doing hard work towards why goal. To identify the real goal I should always question my sir,' what would happen after I achieve my goal'. This would keep me motivated and would allow me to think more towards the goal which is very necessary in development of a personality.

To take challenge

I would like to improve my quality of taking challenges. Jalan taking capability defines your overall confidence and success level. If you don't take the challenges then you can not obtain success in any field. By improving the quality of challenge taking I would easily improve my capabilities of increase motivation. By thinking about the goal and challenges which are achievable is also a very vital part hence knowing the difference between and achievable challenge and impossible challenge would also be one of the main things which I want to learn and want to change in my world.

Being committed

Once I have taken the challenge I would like to learn to be committed towards the challenge till I completed. After taking the challenge how do we have to deal with the situation and the rest should also be one of my main focus is of learning. When being committed towards a specific task, I would also like to learn how to be patient and do your own job silently till you achieve your goal.

Ability to learn

I would really like to improve my overall ability to learn things. Special technological things I would like to learn about technology which is my main drawback. By learning about the technology I will also get familiar with most of the system available in my workplace as well as and personal life. By having knowledge of a bit of technological things I can easily improve my work and can get mixed with today's generation as well.