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    Teaching Entrepreneurship

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    1. You are interested in being your own boss and have the chance to buy a franchise office supply store that is for sale in your city. You will need outside investors to help pay the franchise fees and other start up costs. How will you determine if this is a good entrepreneurial opportunity and make your decision about buying the store?
    2 Over the past 20 years, entrepreneurnship has been the fastest-growing course of studying on campuses throughout the company. However, debate continues about whether you can teach someone to be an entrepreneur. Do you think entrepreneurship can be taught? Why or why not?
    3. What strategic plans could the college or university at which you took a management course adopt to compete for students in the marketplace? Would this plan depend on the schools goals?
    4. In 2008 Delta had more customer complaints, such as late flights and mishandeled baggage, than any other major carrier. If you were an operation manager at Delta, how might you use MBO to solve these problems? Could scenario planning be useful for airline managers who want planes to run on time? Discuss.

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    Solution Preview

    1. I would determine if this is a good entrepreneurial opportunity by studying profit margin of office supply stores within this franchise and within other franchises. I would also conduct a market analysis in order to obtain information in reference to the demand for office supply store products by consumers to determine if the demand is sufficient to increase the probability of having a strong customer base for my franchise office supply store. I would purchase a store of this nature, due to the fact that other stores in this franchise are quite profitable.

    2. I don't think that entrepreneurship can be taught. ...

    Solution Summary

    The expert examines teaching entrepreneurship. The fastest growing course of studying on campuses are determined.