Innovation And Entrepreneurship Business †Myassignmenthelp.Com

Question: Discuss About The Innovation And Entrepreneurship Business? Answer: Introducation The Real Trail Business may face the difficulties in securing funds to finance its activities. This is because the company idea is built on the already current business innovation. However, it will be easy to convince the companies that want to improve customer satisfaction and reduce the clients' complaints to finance the idea. Therefore, the idea of reviewing of the product picture or image by the customers before purchasing it will woo online product sellers to support the business financially. Human Resources Many of the businesses are based on the human capital. However, in the modern business world organizations are largely relying on technology to run business operations(Alter, 2016). This is a purely technology based business, and therefore the dependency on the human capital is very low. Instead, the business will focus on acquiring more and current IT systems. Physical There are many suppliers of the technological products in the market(Trebilcock, 2016). Bearing in mind that The Real Trial Business is based on technology it will largely benefit from many IT systems in the market. Therefore, it would be easy to acquire physical resources needed to run the business. Intangible The major intangible attributes surrounding The Real Trial Business are strong reputation and brand image. Strong online reputation and brand image can be ascribed to the online businesses that have been undertaking e-commerce business activities before. The idea of The Real Trial Business is aimed at improving the online business for the benefit of the customer and therefore, it will be easy to use the existing intangible resources. References Alter, S. L. (2016, November 2). How Effective Managers Use Information Systems. Retrieved from Harvard Business Review: https://hbr.org/1976/11/how-effective-managers-use-information-systems Jaradat, S., Almomani, S., Bataineh, M. (2013). The Impact of Porter Model`s Five Competence Powers on Selecting Business Strategy. Interdisciplinary Journal of Contemporary Research in Busines, 5(3), 457-470. Martin, F. M. (2015). "Porters five competitive forces framework and other factors that influence the choice of response strategies. International Journal of Educational Management, 29(3), 859-873. Trebilcock, B. (2016, July 1). Top 20 supply chain software suppliers, 2016. Retrieved from Peerless Media LLC: https://www.mmh.com/article/top_20_software_suppliers