Homework Writing Help on Entrepreneurial Management

Entrepreneurial Management

Resograph

Question 1

Burn rate is important for Resograph to make a cash consumption analysis in order to determine whether the company can be self sustaining over time. The burn rate would also signal the need for future funding. In most cases, burn rate is a concern for unprofitable or new companies in a growing industry. Resograph, being a new company would take time to generate revenue from its operations. Its survival would highly depend on its bank balances to cater for its expenditure. Burn rate is hence important to Resograph as it can help the company in making important decision and protect it from depleting its bank balances.

Question 2

Collaborating with Twitter would be a riskier decision as opposed to not partnering with it. The best decision to make as the CEO would be to continue with the planned goals and disregard the partnership idea with Twitter. Partnership with Twitter would raise the burn rate of Resograph, keeping in mind that there were no paying customers for Resograph. This would lure the company to seek more funds from investors. The investors on the other hand would pay attention to Resograph’s burn rate and would be unwilling to invest in the company. Lack of funds would mean a risk of collapsing of the business.

The Right Mix

Question 1

Other options available for The Right Mix’s owners would be using Alternative Dispute Resolution techniques. These would include arbitration, negotiation, and/or placation. Arbitration would mean the intervention of a third party to solve the dispute. Negotiation on the other hand would mean holding a discussion between the disputing parties so as to reach an agreement or the best possible solution. Placation would mean using a conciliator who would meet the disputing parties separately with an aim of reaching an amicable solution.

Question 2

In case of The Right Mix owners, I would first employ the Alternative Dispute Resolution techniques to try to solve the problem. Should the techniques fail in resolving the dispute, it is then that I could now seek justice through litigation. The reason for applying the taking these steps is because of the costs associated with litigation process. Should an amicable decision be found using the Alternative Dispute Resolution techniques, it would save on the costs that would be associated with the litigation process. On the other hand, if the first procedures fail, then it would be necessary to seek justice from the court despite the costs. Business demands risk taking and it would be therefore necessary to seek legal justice rather than suffering damages by not suing Sally Beauty.