EXECUTIVE SUMMARY
An entrepreneur is an innovator or developer who recognizes and seizes opportunities; converts those opportunities into workable and marketable ideas; adds value through time, effort, money or skills; and assumes the risks of the competitive marketplace to implement these ideas (Kuratko, 2009). Arnold Aranez is one such entrepreneur. He has used his skills to develop a unique product line that fills a niche gap in the market.
BACKGROUND
Arnold Aranez was brought up along with his 2 younger brothers and younger sister in the North Western suburbs of Melbourne. Arnold’s family hails from the Philippines. He is a family man; a husband and a loving father. He completed high school at Kealba Secondary College and went on to complete a Bachelor of Information Systems at The University of Melbourne. Currently based in Hong Kong, Arnold works at one of the worlds top insurance companies; AIA Hong Kong. Other than his work in insurance Arnold has independently established Aranez.com; his own business which he founded in 2011. Aranez.com sells luxury leather cases for smart phone devices .To date Aranez.com has sold a variety of cases to customers in over 30 different countries.
ARANEZ.COM
Aranez.com is a design, manufacturing and retail business that focuses on producing high-end premium cases for mobile phones and other small electronic devices. Including cases made from such as high quality materials such top quality kangaroo leather. Arnold is involved in all aspects of this endeavor he designs each case himself. They are manufactured in house and sold directly to the public via the Aranez.com website. His business has a global reach and has sold products to customers in 31 countries.
Arnold established h...
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...little initiative. As said by Thomas Edison “Genius is 1% inspiration and 99% perspiration” [3]. To simply come up with a good ides or recognize a gap in the market is not enough.
Success is about doing your homework. Spending time and effort in research and preparation. It also important to never underestimate the advice you can get from others. Always ask questions. Learn from the examples and mistakes of others, “those who can not remember the past are condemned to repeat it” [4] as quoted by George Santayana.
CONCLUSION
As demonstrated in this report and by the course material covered in class, being an entrepreneur is an approach that though commonly associated with business, can also be applied to all aspects of our lives. To achieve success in all our endeavors we should approach all we do with the entrepreneurial ethos of vision, passion and planning.
Peter Sawchyn started Sawchyn guitars back in 1980 and he specialized in custom, handmade mandolins and guitars. When Peter was a teenager, he developed a passion for making guitars all while having no previous training nor desire to make them. During this time, he was able to make his very first guitar on his own. Peter, who is now a 57 year old lifelong entrepreneur, has gained a fair share of experience since his teenager days and is now known by many musicians all over the world. In the case, it explains that Peter also focuses mainly on sound quality and design rather than mass producing like other music businesses. There is no computerized machines to do the work, rather he does it all my ear and designs all his guitars
Lancer’s national sales manager, Myron Rangard, identified changing consumer preferences from modern/abstract décor to more concrete items. This increase in demand for replicas changed the market, and left the door open for more competitors and bottom feeders. David Olsen, director of procurement, noted that over a decade ago Lancer only had about 5 competitors, today it has 11. As well as serious competition, Lancer also has to combat amateur sellers and “fly-by-night” competitors. These individuals move into a new city and dump a bunch of inauthentic junk on the market at exorbitant
An entrepreneur is someone who recognizes an opening in the market for a product or service and carries it out using initiative. Usually being innovators; entrepreneurs are risk takers in means of not knowing whether their ideas will in fact succeed (Business Dictionary, 2016). Fashion leaders are considered entrepreneurs because to be strong in the fashion industry one must attempt to stay ahead of competitors and know what is already out there as would an entrepreneur. One of Australia’s most successful fashion designers could also be considered an entrepreneur; Collette Dinnigan is an award winning fashion designer who has exhibited in London and Paris and was the first Australian to launch a ‘ready-to-wear’ collection, as well as being
Yvon Chouinard’s love for climbing brought new beginnings which impacted his outlook on life and the responsibilities of mankind. The partnership came to a halt when more challenges were presented, Frost could not take any more risks, and they both parted ways. Patagonia was struggling to stay afloat when CEO Kristine McDevitt joined forces to help them revamp. Patagonia’s team developed a product design philosophy which was pulled from the initial mission statement “Build the best product” (Ball, 2009, p. 2).
The creation and sale of low-cost counterfeits, replicas and knock-offs of brand-name originals is a common occurrence. Across all markets, counterfeiting and piracy account for $461 billion (OECD/EUIPO, 2016). Only 25 countries have GDPs greater than that. (Statistics Times, 2017) In the world of fashion accessories, there are many companies that look to benefit from consumers’ desires to own something luxurious while paying not-so-luxurious prices.
The characteristics discussed in the article is important to possess in order to be entrepreneurial.
IDEO faces the decision of whether it should shortcut its product development process to meet a client’s time frame, or request a product launch extension so that IDEO has enough time to carry out a complete development process. IDEO’s client, Handspring, has requested that IDEO create a competitor to the Palm V, which IDEO helped to develop. IDEO faces the task of reconfiguring a palm-like product that meets Handspring’s desire to provide a lower-cost palm product with interchangeable cards and an enhanced design aesthetic that will appeal to a larger customer base. Dennis Boyle, former team leader on the Palm V project and soon-to-be leader on the Visor project, must decide whether or not to commit to Handspring’s short development timespan, which would inevitably lead to development shortcuts.
Throughout our lives we all experience a variety of things that help us define what success means to us. Some people look at success in a materialistic sense, while others take a more spiritual approach. Regardless of the way we view success or the factors that influence that view, we each have our own very unique Personal Philosophy on the subject. Personally, my philosophy is that the implementation of success strategies is key to achieving what one chooses to define as success. I have found that the three most effective success strategies I can use for years to come are being a critical thinker, improving concentration, and being an active listener. All three of these strategies are very practical and relevant to both my educational and professional pursuits, and therefore have proven to be the most effective in regards to my Personal Philosophy of Success.
For years the Swiss watch industry had a competitive advantage on the watch market, in fact they had little or no competition and often had waiting lists for their watches. In fact, in the 1950’s the Swiss held an estimated eighty percent of the free-market share (Keegan, p 219). Their product was of high quality and held great appeal to their target market. Despite their success they only had a small corner of the potential market as the majority of the world’s population could not afford a Swiss watch. In the 1970’s electronic watches were introduced to the market. In...
As the world revolves, there are a lot of changes that happens in the world. For example, in terms of technology, there are a lot of improvements already. Back then, for example, features of mobile phones were only call and text. But more ideas have been developed and people have started to think about how to improve some things so that they can attract more consumers. The result is there are now more, in this case, high-tech phones with carious incredible features such as access to social media, hi-quality camera’s ability to upload to and download from the Internet, e-readers, and video calls for quicker and easier communication.
Accomplishing your aim or purpose can be the true definition of success. You must want to achieve your goals at hand. You must want to earn everything. You really should put in the effort needed to become a successful person. Becoming a successful person requires you to be an extraordinary character. This means you have to be a very self-disciplined, competent, and trustworthy person. That allows you to become more trusted within the community and earn more respect. Learning from your mistakes is essential to your success. Every time you fail you become more knowledgeable on a subject. You can fail as many times as you want but eventually you will learn what is right from wrong. This will lead to you to become open minded and achieve success. You will have to put in the time and effort. Planning ahead allows you to have a schedule so you won’t be behind. If you have a plethora of skills, you will have a higher chance of success than other people. Skills allow you to qualify for certain positions and allow you to excel in what you need to. You can have time to achieve your goals and predict what else you need to do. Success can come in many ways including family, money, fame, respect, and achieving your goals. There are many ways to achieve success but these are only a few ways. Only you can decide who you want to be and determine your own goals. You’re the only person who can judge your
Being in my Personal Development class there has been many success strategies from our On Course textbook. These strategies will be carried on in my life as a guide to my very own personal philosophy of success. After careful consideration the four most appropriate On Course success strategies that will be best of use to achieve success will be to discover self-motivation, master self-management, adopt lifelong learning, and accept personal responsibility. Success is everything you make it out to be, it is accomplishments of your own set of goals and dreams you wish to achieve.
An entrepreneur is someone with the capacity to lead a business to success and is willing to take the risks in order to accomplish their goals. (Dollonger, 2002). Starting a new business is an example of entrepreneurship. Entrepreneurs are very important in order for any business to succeed, however, only some entrepreneurs will succeed in life. Here are some of the characteristics of successful entrepreneurs.
"Entrepreneurship is the ability to create and build something from practically nothing" (Timmons 1). Entrepreneurs should be admired more than anything for
For my future career I want to be a business owner or in other words an entrepreneur, business has always fascinated me to this day some of the key point of a business owner are the duties of a business owner, the salary, the training and education, how does someone succeed in this career field and, what my goals are for this career field. An entrepreneur is individual who, instead of working for a business, runs their own business and takes all the risks and reward of a given business venue, idea, or good or service offered for sale. The entrepreneur is mainly seen as a business owner of ideas and business processes.