Entrepreneurship Skills for Engineers Essay Example | Topics and Well Written Essays - 500 words

Entrepreneurship Skills for Engineers - Essay Example Learning-based model minimizes time through a learning loop. The intention of the lecture to engineers and innovators is to preserve resources and make best uses of them while making discoveries. Business plan or business case serves as an executive summary of the highly detailed business plan. It gets an entrepreneur out of the building and tests the concept of the market. A detailed business case envisions benefits over a reasonable period that outweighs costs and risks. The weak business case does not justify moving forward with a comprehensive business plan. It renders it challenging to estimate the return on investment. Commercializing an idea involves building, measuring, and learning. The building is turning ideas into products. Measuring pertains to customers’ response to the products generated. Learning results in the decision made on whether to pivot or persevere. Innovation intersects invention and market insights. In essence, it is the process of changing ideas into products while market insight is identifying customers’ needs in the market. Innovation may also involve improvements on an invented product to improve acceptance in the market. The presenter outlines various steps to the nail it then scales its process. There are five distinct stages. First, nail the pain. Second, nail the solution. The third stage involves nailing the go-to-market strategy. The fourth stage involves nailing the business model. The fifth stage is to scale it. Nailing the pain is identifying the problem and the possible solutions. Nailing the solution is selecting the best solution to the problem. Nailing the go-to-market strategy involves marketing of the idea or product and evaluating the perception of potential customers. The business model has several sections that require an address. It ends at the completion of the business plan. Scaling the business entails knowing the potential competitors and determining the size of the business. Business model canvas has nine  key factors that a business must have.  

Response Paper Essay Example | Topics and Well Written Essays - 1000 words

Response Paper - Essay Example According to Yallop, although the official cause of sudden death was disclosed by the Vatican as heart attack, he allegedly uncovered information that revealed otherwise. Apparently, it was theorized that the pope was allegedly poisoned for reasons that range from uncovering anomalies in running and operating the Vatican Bank; as well as in his bold planned to end strict prohibition in the use of artificial birth control, one of the firm Catholic dogmas conservatively retained through the years. The book comprised of seven chapters where the first six were presented to provide an effective overview of Albino Luciani’s background, the kind of man he truly is, and the alleged facts surrounding operating the Vatican Bank (Yallop, 2007). Chapter 5 was devoted to the pope’s 33 days as Pontiff and leading to the fateful night when he was allegedly poisoned. Yallop specifically inferred that six men (Marcincus, Villot, Calvi, Sindona, and Gelli) connived to orchestrate the pop e’s death, to wit: â€Å"I am equally convinced that one of these six men had, by the early evening of September 28th, 1978, already initiated a course of action to resolve the problems that Albino Luciani’s Papacy was posing. One of these men was at the very heart of a conspiracy that applied a uniquely Italian solution† (Yallop, 2007, p. xxiv). ... The contents were highly sensitive leaning towards suggesting the possibility of murder, connivance, and cover-ups within the strict confines of the Pope’s chamber – surely one of the most guarded global institutions given the authority and power relegated to the position occupying it. Likewise, the risks included tarnishing the writer’s reputation in case that his allegations were effectively proven wrong; as well as the reputation of the Vatican, the Catholic organization which Yallop alleged was filled with anomalous transactions and shielded from public scrutiny. Apparently, the effect of the risk taking endeavor by Yallop yielded beneficial and rewarding results for him in terms of generating as much as 6,000,000 copies sold of the book (Yallop, 2007). Despite the optimistic side of his risk-taking pursuit, he was criticized for the veracity, credibility and reliability in the contents of his writing. According to an article published in The Telegraph, Damia n Thomson’s review of Yallop’s writing indicated that â€Å"Rome dismissed his book as trash†¦ Then along came John Cornwell, an 'independent' author unsympathetic to the Vatican, who checked out Yallop's case. It crumbled into dust like an ancient parchment exposed to sunlight. The 'murder' of John Paul turned out to be just another conspiracy theory, glued together with innuendo and non sequiturs. Cornwell's book A Thief in the Night, which demonstrated that John Paul I had died of natural causes, left Yallop's theory looking jolly silly† (Thompson, 2007, pars. 1 & 2). In the most current article referring to the official statement on the cause of Pope