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    Entrepreneurship

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    Develop a written proposal outlining a specific product or service idea you have for Triangle Solutions. Triangle's company type and product area have been left unspecified in order to allow you creativity in invention of your own product ideas and exploration of areas of interest in the market.

    Part 1: Proposal

    Your professional proposal should describe a new product idea in detail, giving brief consideration to the feasibility of the following categories:

    * The industry
    * Market size
    * Team requirements
    * Scalability of product
    * Financials (whether or not the product can be sold for more than it costs to make sure its profitable)

    Your product idea must pass feasibility tests for it to be a viable product idea.

    Part 2: Subsidiary Company

    Then, provide the strategy to be employed to get ideas implemented internally, or describe the reasons why a product idea should be spun off into a new subsidiary company owned by Triangle Solutions. Important aspects of this outline are as follows:

    * The practical definition of the multidisciplinary team that the product idea requires
    * Describing the different types of team members needed and their respective skill sets
    * Where one would find them for an intrapreneurial versus entrepreneurial approach.

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    Solution Preview

    Advanced Entrepreneurship

    Develop a written proposal outlining a specific product or service idea you have for Triangle Solutions. Triangle's company type and product area have been left unspecified in order to allow you creativity in invention of your own product ideas and exploration of areas of interest in the market.

    Part 1: Proposal

    Your professional proposal should describe a new product idea in detail, giving brief consideration to the feasibility of the following categories:

    The proposal for Triangle Industries is to manufacture machine tools in the US. The reason for this is that is a resurgence of the machine tools industry in the USA and sharp growth in the Industry is expected. At the inception, Triangle Industries will make drills, lathes, shaping, and planning machines.

    The industry

    In March 2011, the US machine tools orders were for 2576 units, an increase of 1741 units from the same month in 2010. The machine tools consumption in March 2011, the machine tool consumption totaled 511 million up by 99%. The first quarter consumption in the first quarter of 2011 showed an increase of 118.6 %. There is a huge increase in the demand for metal cutting tools consumption. http://mouldcity.net/2011/05/19/declassified-u-s-machine-tool-industry-trends-in-2011/

    Market Size

    The first quarter of 2011 the US machine tool consumption was $1.204 billion. This is the size of the machine tools market in US and is increasing at a very high rate. ...

    Solution Summary

    This response presents a brilliant discussion on Entrepreneurship

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