The Subject is – Entrepreneur management
Instructions
You have to put yourself in the place of Dr. Winslow, look at the situation in which the business finds itself and figure out what to do, immediately and in the long run. There is more information available in this case and therefore you need to take into account more factors. People, market, economy, competitors, sales, investments to date, etc. What would you do if you were Winslow? Why would you choose that course of action? What should he do immediately? In the long run, what should he do in order to make his clock viable and have his business survive?
You should be looking at the information that’s provided in the case in the textbook and start with a SWOT analysis of the current situation.
You need to build a path forward for a company given the current situation. Answer the question: What should he do in both the short and long run and why do you think should take that course of action. What is your reasoning for choosing the course of action that you have? You should be thinking about ALL aspects of the company.
I know that’s not a lot of help, but as an entrepreneur, it is really up to you in terms of what you would do with a business that finds itself in whatever situation the business is in. It’s always different.
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