The Innovation Sandbox-Free-Samples for Students-Myassignmenthelp

Questions: 1.What is the case about? 2.What are the Management Issues? 3.Link the Management Issue to the model/theory of the week and briefly explain the connection. Answers: 1.The case entails making an ideal business that is affordable and offers high standard services to its customers regardless of the problem encountered. The business also needs to serve people in different locations irrespective of their living conditions. Based on the case study, the indiOne hotel charges $20 every night and the services offered are of world class quality including free connection to the internet, minimal refrigerator and a working out area. 2.The recently invented stove uses cow droppings or vegetation as fuel and can also be switched to natural gas, is very affordable as it goes for $20. It will soon be used across the world if it prospers in India. The managers mentality towards their target consumers. When they assume that the largest number of the people will be unable to afford the goods or services they are offering, they will have a negative attitude towards the business venture and end up making adjustments that cost the business success. It is evident from the case study that managers fail to do a proper analysis of their target customers thereby failing to put their needs first. Some managers develop their businesses alone and end up missing important facts about the market. Managers often fail to identify their limits hence find themselves dealing with problems that end with their businesses in a ditch. 3.The model entails creating a business that is both affordable and offers high-quality services or products to its customers.Managers need to incorporate technology into their business ventures. According to C.K. Prahalad in the youtube video "Doing Well by Doing Good", ICT ensures equality in terms of accessibility of its services to the customers. Ten other hotels similar to indione will be opened in India this year making the service available to all people. Based on the video, entrepreneurs need to create business models that are able to sustain themselves and run without the funding from external sources.