Monthly Archives: November 2011

Entrepreneur Found: Trump

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Donald Trump is a great example of an entrepreneur. He is one of the most well known entrepreneurs around and is known to be a harsh boss with the famous phrase “You’re fired!” 

He definitely demonstrates all 4 of the qualities necessary to be considered an entrepreneur where he took a huge risk–the biggest aspect of them all. At one point in his life, he owed many banks great sums of money he did not have because he lost it to failed attempts. Despite this hardship, Trump was able to pick it up and become one of the best success stories around. He has invested in many building projects and has come out of it with lots of money. 

Another aspect is that he’s extremely rich, owning many, many golf courses, towers (Trump Towers), hotels, and even merchandise. The Trump Entreprise is a huge organisation with many sectors, each making him lots of money in a short time. This all came upon at high speed, changing a man from owing millions to owning billions. 

The Trump Enterprise is so great in size, but nevertheless, it continues to grow. The number of buildings Trump owns, the general size of the organisation, and the projects taken on has continually increased to larger and larger extents. Even now, the Enterprise have two projects to be done in the year 2012, both being hotels. 

It is then obvious to call Donald Trump an entrepreneur as he satisfies with all the qualities an entrepreneur should have. He has taken on many risks of large extent with great wealth and continual growth to lead to a great success. Some even say “Whatever he comes in contact with turns to gold.”

Getting Ahead of the Rest

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United Continental Holdings, Inc. (NYSE: UAL) today announced that it has selected Panasonic Avionics Corporation to provide Wi-Fi connectivity on more than 300 United Airlines and Continental Airlines mainline aircraft beginning in mid-2012.

 

IN-FLIGHT WIFI!! Companies need to continually invest into new and innovative ideas to keep ahead of the competition–or just to keep up…
With this new idea, United Airlines and Continental Airlines will offer something many other airlines can’t just yet. This new plan will definitely interest many travelers to move to its airlines, because with long last flights we just need to continue to find new things to do and what everyone hasn’t gotten themselves attached to is the internet. 
The two airlines will be positioning themselves, brand wise, at the top in the sense of being able to offer this feature. This aspect will be targeting the business market for business people who have to fly a lot for their job and targeting immigrants/travelers who will fly and may need to fly long hours on the plane. It is definitely a huge market and will interest many people. 
 

Competitive Prices Much?

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The Amazon Kindle (Affordable and Functional)

The profit margin for Amazon’s new investment — the kindle tablet — is relatively low. In comparing its prices with the other brands in it’s market, it is really low and really risky. It’s prices are extremely competitive even though Amazon has been continually investing in its development of the kindle.
Is this a wise idea for Amazon to keep its marginal profits low?
I think it’s smart if Amazon can sustain growth, but it is also an extremely risky move. For a month, Amazon actually underestimated the number of kindles that were to sold. It was such an amazing hit and it definitely had to do with the cost of this tablet. The prices are so low that it has been on news articles.
Then came the nightmare…
Amazon forecasts slow months to come, whichll include Christmas. Amazon’s profit margin is only 4% while many other technology companies maintain a 20% margin more or less. This is a huge problem for investings into this company. Investors are questioning whether or not this is a good company to invest in because they don’t think they’ll ever get money with investing into Amazon.
Do competitive prices benefit the company?
Yes and no. Its highly risky and comes with its up and downs. Its causes frustrations in terms of investments from investors and it frustrates other companies in the field because of the extremely low prices. Furthermore, it makes it harder for Amazon to invest in advancing Kindle’s technology/features.

BlackBerry’s Brand IMAGE

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What Happened!?

With BlackBerry’s one and a half day of complete silence of texting, phoning, and Internet browsing, blackberry has earned themselves a horrible reputation. The main problem blackberry now faces is the damage, not to it’s financial aspect, but to its image.

What Are It’s Best Solutions??

They’ve already given millions of dollars worth of applications to its consumers for its apologies and hopefully win back it’s customers trust.

But What Else Can It Do?

Well, the main problems it has to face are keeping current consumers and attracting future ones. With a bad reputation, this will be hard. So how should this issue be tackled?

Well…

The company could go after developing a better quality phone and service system. This strategy will go about improving its faults and creating a better consumer perspective of the brand. This innovative strategy will work for the long run, which will enable better products to put on its shelves, restablishing it’s place as a
leading competitor in the phone market.

On Another Thought…

BlackBerry can expand it’s product list to open to a wider market and appeal to a greater range of consumers. This will lead away from the main focus on the blackberry phones which now have a tainted image.
So far, BlackBerry has given $100 to each of its customers to use to buy apps to try and redeem itself from this awful incident. I don’t believe this is enough for consumers to be satisfied with because many business people who use blackberry mobiles will have had major difficulties in terms of business related situations. It should go for a strategy to further improve its brand position. People have already moved away from BlackBerry phones because they were so upset with its performance.