$5.00 Small Business Management Firewire Surfboards Assignment
Use critical thinking to discuss the following: Identify Identify and describe Firewire Surfboard’s major competitors. How are these rivals positioned in the marketplace?
Put yourself in the role of Firewire’s entrepreneurial team at the time of the company’s founding. What should they have anticipated in the way of competitor reaction and the response of prospective customers?
What is Firewire’s core competency? Is it sustainable?
Given the company’s recent shift in strategy, what do you think its major challenges will be?
Problem Solving Skills
Identify the real problem
• Determine contributing factors (you can use brainstorming here initially):
• List the Causes of these factors:
• Analyze your results and determine how these factors can be eliminated or turned around?
• Create a plan of action for change or elimination of these factors
OR depending on the problem you can use a SWOT Analysis:
• Write down the Strengths, Weaknesses, Opportunities and Threats of various proposed plans
• Then analyze them. The proposal with the most strengths and opportunities and less threats and weaknesses would typically represent your best alternative.
• Discuss what process you used to think through and resolve the problem
• Answer all the questions posed in the assignment