Wednesday, December 25, 2019
Case Study A Little Swan Group Company - 2267 Words
FINAL INDIVIDUAL ASSIGNMENT Analysis of case study Challenges and Recommendation Paramjeet Kaur 10/14/2014 Table of Contents Introduction 2 Case Studies 2 Max Muir-Size Matters 2 The Jiangsu Little Swan Group Company 3 Bill Day- Seeing Opportunities Where Others See Disasters 4 Jeff Griffiths: Now you see him, Now you donââ¬â¢t 6 Conclusion 6 References 8 Introduction This report is about four different case studies from Pech and Turnerââ¬â¢s book Making waves (2014). In this report many things will be discussed starting from three dimensions of entrepreneurial, entrepreneurial intensity grid, innovative lessons from the cases, recommendation for the organizations and the difficulties for other firms to adopt theseâ⬠¦show more contentâ⬠¦Muir took the initiative by established a network of storage facilities. Along with that the strategy for grow through procurement was proactive, the firm figured out to purchase other smaller traders and using sales people to build and maintain sales network throughout Victoria and NSW (Pech and Turner, 2014, p. 157). Risk-taking is the willingness to tolerate ambiguity and uncertainty (Peterson and Lee, 2000). The Max Muir firmââ¬â¢s use of just in time (JIT) system was risky and it can be fail when the unexpected crisis or disasters strikes which was not unusual in Australia. The strategy of growth by continued acquisition effects on the firmââ¬â¢s finance (Pech and Turner, 2014, p. 158). Considering the case, Max Muirââ¬â¢s company strategy falls in dynamic in the entrepreneurial intensity grid. In this case Max Muir focused on the establishing and maintaining a multiple business. Max Muir was able to understand his client and recognized the opportunity for growth. He grew his business gradually and never exhibited his success (Pech and Turner, 2014, p. 158). He always mindful of any negative impact his actions might make on client perception. His strong leadership and visionary approach to the business quickly push the firm towards growth. ââ¬Å"Vision and inspiration are hallmarks of any type of real entrepreneurship, including social entrepreneurship and pragmatic visionâ⬠( Waddock, 2009, p. 281). Moreover, passing the
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