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Case Study on KlipTech - doc

   

Added on  2020-05-28

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1Running head: CASE STUDYCase study- KlipTech TurnsName of student:Name of university:Author note:

2CASE STUDYProblem summary KlipTech is a flourishing business founded by Joel Klipper in 2000 that manufacturesproducts made from recycled materials. At present, the company produces a wide range ofproducts that translate ideas of innovation into reality. There is, at present, a need ofimproving the products in order to utilise opportunities faced on a daily basis. Background Joel Klippert had always believed in the idea of integrating novice ideas into business.In spite of lack of responses from the external stakeholder, he as an entrepreneur has had faithin this vision. However, due to the evolving business market and globalisation in recenttimes, there is a need of implementing strategies for business profits. Analysis Joel Klippert is a good manager apart from being a small business owner and has aclear vision, mission and goal for this venture. He is also capable of planning the strategiesneeded for fulfilling his objectives like the marketing of the eco-friendly product formed withrecycled materials. Basic management capabilities like organising, planning, and controllingare to be present in an entrepreneur. I agree with Joel that there is a requirement to payhimself after he has completed the payment of the employees and vendors. Suppliers,Lenders and employees are to be paid first since this would lead to their high satisfactionlevel, thereby positively influencing organisational productivity1. Coming to the advantages that have helped KlipTech become successful as comparedto larger manufacturing firms in the building products industry, attention is to be given toJoel’s dedication, perseverance, confidence and creativity. The green product manufactured1Schaper, Michael T., Thierry Volery, Paull C. Weber, and Brian Gibson.Entrepreneurship and small business.2014.

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