Case Study in Jim Poss

In: Business and Management

Submitted By edison0927
Words 447
Pages 2
Apply the Timmons entrepreneurship framework (entrepreneur-opportunity-resources) to analyze this case
1. Opportunity for entrepreneurship
Discovering problem is the key for successful entrepreneurship, it means look into problem is chance to be success. Mr. Poss discovered issue that garbage trucks consume many pereoleum.This was waste energy and time. In addition, recently years, ECO friendly market has become more and more hugely in the recent years, particularly in west countries. Many west countries are more positive to improve their environment, therefore we may see Poss’ customer who are government, school and so on. Timing is other opportunity in this case. It is right time that invent right product.
Mr. Poss and his team found this chance to invent Big Belly. According as our information, Jim Poss's firm, Seahorse Power Company (SPC), encourages the adoption of environmentally friendly methods of power generation by designing products which are cheaper and more efficient than twentieth-century technologies. So we can know that entrepreneurial leaders shape opportunities within the context of who they are, what they know, and who they know. Notice how Poss began with a problem he experienced directly in his life, linked that concern to his expertise in solar technology, and then connected his ideas with others in his community and his broader networks.
2. Resource for entrepreneurship
In this case, SPC does not have many supports, however the other key for entrepreneurship is to manage the resource. Mr.Poss use him all of resources to execute the business plan. In addition, he control limited resources, I think he seek to minimize the amount of resources consumed, and maximize what he can get out of all resources when he structure their deals. He found resources through him academic peer who is team member Jeff Satwicz and Alexander Perera, money form…...

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