Essays on The Development of Gregs Corporate Venture Assignment

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The paper "The Development of Greg’ s Corporate Venture" is a perfect example of a business assignment. Entrepreneurship  is an activity that involves the processes of undertaking innovations by an individual otherwise known as an entrepreneur. Majorly entrepreneurs aim at transforming innovations into products and services that are capable of generating profits. New opportunities as business ventures are being started usually require to be keenly evaluated in the process of assessing the risks involved. This paper seeks to give various perspectives in relation to Greg Stambolidis's corporate venture. THE DEVELOPMENT OF GREG’ S CORPORATE VENTURE Through focusing on the business activities that begin from the production process to the final consumers of goods and services otherwise known as the value chain Greg Stamboulidis came up with his business venture (Pech 2009, 16).

To begin with, Greg began his entrepreneurial venture by selling foods staffs in a canteen in school as well as fish in a certain shop in the region of Melbourne. Each and day in the morning Greg sourced his fish from the Melbourne market where his supplier was situated. At the time it was on a small-scale basis and there were very low profits accruing from the business.

He had not started thinking about improving the value chain until he figured out that if only he got a supply of fish from overseas it would be much better since there supplier of fish in the southern region of Australia was very limited and the strict regulation from the government to a much greater extent did not make the supply processes any easy. Additionally, Greg desired to source fish from overseas due to the fact that the costs of labor, the prices of sharks and the levels of competition were very high.

Greg made the first step in his venture by identifying South Africa as the new source of his fish. The reason behind such a decision was that South Africa was at the time experiencing some problems domestically such as the apartheid regime which meant that there was a likelihood of the prices of fish being quite low than they were in Australia.

References

1. References

Block, Z & MacMillan, I 2003, Corporate Venturing: Creating new business within the firm, New York, Beard Book.

Blundel, R & Lockett, N 2011, Exploring Entrepreneurship: practices and perspective, New York, Oxford University.

Bygrave, W & Zacharakis, A 2011, Entrepreneurship, New York, John Wiley & Sons.

Clow, K & Baack, D 2011, Cases in Marketing Management, London, Sage.

Grant, R 2005, Contemporary strategy analysis, London, Wiley-Blackwell.

Hill, C & Jones, G 2009, Strategic Management Theory: An Integrate Approach, Sydney, Cengage Learning.

Hitt, M., Ireland, R & Hoskisson, R 2010, Strategic Management: Competitiveness & Globalization, Concepts, Sydney, Cengage Learning.

Pech, R 2009, Entrepreneurial courage, audacity and genius, Australia, Pearson Education.

Pech, R 2002, making waves: Innovation in business, Auckland, NZ, Prentice Hall.

Wickham, P 2001, Strategic Entrepreneurship: A decision making approach to new venture creation and management, London, Pearson Education.

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