Savvy Entrepreneurial Firm Essay

1084 words - 4 pages

Savvy Entrepreneurial Firm
Starting a business requires many factors to be successful. The desire to be one’s own boss, pursue one’s own idea or for financial rewards; all must be done with savvy and persistence. Failure should not be an option but a learning process that guides future decisions. We see in the case of the Savvy Entrepreneurial Firm the tenacity and persistence against all odds to survive and be successful because the entrepreneurs were passionate and believed their product would improve the everyday lives of individuals. The analysis of this case attempts to explore the character of individuals and their tenacity to remain firm in their business endeavors.
Harmonix like iRobot launched products with the intent to make the lives of others much easier. Guitar hero sought ways to help non-musicians experience the joy of making music. It took Harmonix ten years to produce a product that would make them successful. Along the way they produced eight other games that were unsuccessful. It was Guitar Hero the ninth game that put them over the top. It took iRobot 11 years to produce a product called the Roomba which is a robotic vacuum cleaner. We are told even the Roomba which took iRobot to the top went through 20 iterations before being acceptable. We are left wondering what would have happened if these companies had given up? However, we bring our attention to the fact that they had tenacity and were willing to succeed against all odds. They were very passionate and enjoyed what they set out to accomplish.
In contrast ProtectMyPhotos the online photo backup service violated the most important reasons why not to attempt a venture. The lack of passion soon turned into boredom. Chris Shaw a co-founder of ProtectMyPhotos quoted “In the end, we realized that our creativity was being crushed by the idea that put us to sleep. My business partner and I came to the realization that what fires us up to come to work every day is the feeling that we can build really cool things that people care about. Sorry but no one is passionate about their backup storage”.
We all start out to be successful; whether in business or in life. Success is a journey. It starts out with a dream. The desire to make something at all cost is paramount in whatever we set out to do. In the game of life, there are players and those who shrink from their God-given abilities. Players charge onto the field with passion, energy and a desire to win (Freiberg, Kevin Jackie). Players are focused and get joy through their contributions. They are counted on to bring their all to the game. They influence culture and passively live with an idea. (Freiberg, Kevin Jackie). The success of an entrepreneur is the ability to carry the ball. They are self motivated, self-directed, and self disciplined. They desire to play whatever role is necessary for the business success. There are no functional boundaries. They approach each tasks with tenacity and desire.
The imagination that...

Find Another Essay On Savvy Entrepreneurial Firm

Google marketing strategy Essay

8748 words - 35 pages described in the following paragraphs.1. The Savvy StudentThis segment consists of enrolled undergraduates with ages between 18-25 and graduate students between 23-28 years of age, typically from middle to upper-middle class, well-educated families. This segment, which is relatively young, strives to find information fast and efficiently, something they have become accustomed to in the technological age. Members of this segment are highly

Google's Marketing strategy Essay

8748 words - 35 pages described in the following paragraphs.1. The Savvy StudentThis segment consists of enrolled undergraduates with ages between 18-25 and graduate students between 23-28 years of age, typically from middle to upper-middle class, well-educated families. This segment, which is relatively young, strives to find information fast and efficiently, something they have become accustomed to in the technological age. Members of this segment are highly

Cray Research

3457 words - 14 pages provide pro-gramming, yet within the industrial companies, programming is not their core competency. Third party software firms may move in to fill this need gap.Entry Barriers (attractive): Entry barriers are high for the industry. A firm must have strength in in-tellectual property, plus deep pockets financially for hardware and software development to be com-petitive (Cray Research, in its infancy, spent $11.0 million in its first 4 years). The

Sylicon Valley - History and the Best Companies

10080 words - 40 pages government interests could come together in a synergistic vision of the future.") Portions of this land would be leased to companies, because the "original Stanford family land gift forbade the sale of any of its 8,800 acres.") These companies were offered close contacts to the SRI and could lease land for 99 years at a fixed price, which they had to pay in advance. The first firm to settle in this park was Varian Associates leasing land for $4,000 an

Setting Up Telecommunications in Brazil

8091 words - 32 pages a long-term orientationWhen considering an investment, venture capitalists carefully screen the technical and business merits of the proposed company. Venture capitalists only invest in a small percentage of the businesses they review and have a long-term perspective. Going forward, they actively work with the company's management by contributing their experience and business savvy gained from helping other companies with similar growth

When the Bubble Burst

1539 words - 6 pages By the time I arrived state side from my second tour in the Middle East the housing bubble had already burst. I noticed a drastic change in the way that many of my friends and family were living. Several of my friends that worked in real estate had sold their boats and seconds houses. My own stock portfolio had lost a third of its value. My sister and her husband had defaulted on their home mortgage leaving them scrambling for a place to live. I

phase diagram

4456 words - 18 pages Introduction: Chemical equilibrium is a crucial topic in Chemistry. To represent and model equilibrium, the thermodynamic concept of Free energy is usually used. For a multi-component system the Gibbs free energy is a function of Pressure, Temperature and quantity (mass, moles) of each component. If one of these parameters is changed, a state change to a more energetically favorable state will occur. This state has the lowest free energy

Revolutionary Work of Art

1890 words - 8 pages Walter Benjamin emphasizes in his essay, “The Work of Art in the Age of its Technological Reproducibility” that technology used to make an artwork has changed the way it was received, and its “aura”. Aura represents the originality and authenticity of a work of art that has not been reproduced. The Sistine Chapel in the Vatican is an example of a work that has been and truly a beacon of art. It has brought a benefit and enlightenment to the art

Enlightenment Thought in New Zealand Schools

1594 words - 6 pages In this essay I will be looking at how the political and intellectual ideas of the enlightenment have shaped New Zealand Education. I will also be discussing the perennial tension of local control versus central control of education, and how this has been affected by the political and intellectual ideas of the enlightenment. The enlightenment was an intellectual movement, which beginnings of were marked by the Glorious Revolution in Britain

Psychological Egoism Theory

2240 words - 9 pages The theory of psychological egoism is indeed plausible. The meaning of plausible in the context of this paper refers to the validity or the conceivability of the theory in question, to explain the nature and motivation of human behavior (Hinman, 2007). Human actions are motivated by the satisfaction obtained after completing a task that they are involved in. For example, Mother Teresa was satisfied by her benevolent actions and

How Celtic Folkore has Influenced My Family

1587 words - 6 pages Every family has a unique background that influences the way they live and interact with other people. My parents, who emigrated from Ireland to the States with my three brothers in 1989, brought over their own Celtic folklore and traditions that have helped shaped the way our family operates and lives. One aspect of folklore that has helped shape my family dynamic is the Celtic cross—both its background and what role it has played in our lives

Similar Essays

Ideo: Innovation And Growth Essay

1442 words - 6 pages . IDEO designs products, services, and digital apparatuses. The firm has created over 4,000 projects for various organizations such as, Japan’s NEC, Dancell of Denmark, Procter and Gamble, USA, Pepsi Co, USA. IDEO also successfully designed and developed the Heart and Vascular Center of Memorial Hospital and Health System. It designed a successful device that can be use by surgeons to open clogged blood vessels, and a method to expedite kidney

Portfolio Project Essay

1896 words - 8 pages Introduction The Entrepreneur is, “an individual who takes initiative to bundle resources in innovative ways and is willing to bear the risk and/or uncertainty to act” (Hisrich, 2013). The entrepreneurial process is unique onto itself; for it does not merely involve the taking of tremendous risks, but also evokes some of the most creative and innovative characteristics of the individual. This dynamic process pushes the aspiring entrepreneur to

Exploring The Digital Age Essay

4268 words - 17 pages stock quotes daily, 5.2 billion Web URLs served daily, and 63 minutes online per member daily. ( It has become the world's first $4.7 billion multi-brand new media company. Despite being part of the rapidly changing Internet movement, America Online is not a typical Internet based organization. Because of their sheer size, 12,100 employees, AOL is a highly bureaucratic firm. Their workers have traditional titles like manager

Sustainability Essay

3478 words - 14 pages the rule" (Jàst 88-89). They have argued that capitalism is based inherently on consumer principles. Therefore, until recently the emphasis has been on the consumer to change his or her values in order to push business in the right direction. However, several business-savvy environmentalists now suggest that the problem is in the system and design of commerce, not in business itself. One leader in this movement, Paul Hawken, explains that we need