Entrepreneurship and Innovation Case Solution And Analysis, HBR Case Study Solution & Analysis of Harvard Case Studies

Entrepreneurship and Innovation Case Study Solution

Resources and Team

As suggested in Timmons Model, the other two significant components of entrepreneurship process after opportunity are resources and team. Mohammad Ibrahim started gathering the required resources and putting together the team. The Mohammad Ibrahim had strong believe in team. He believes that good team is necessary for success of potential business however a bad team can ruin a great idea. Mohammad Ibrahim made efficient use of resources and team. The result of which can be seen from the fact that the net worth of $190 million company was converted in to $3.4 billion in the span of 8 years; under the leadership of Mohammad Ibra him.

Business Strategies and Decision Making

Decision making by the entrepreneur is one of an effective element in determining the success or failure of the business. Decision taken by the leader either builds a startup to a successful company or collapses the startup company. Therefore, right decision making by the leader is the key stone in achieving the success for the company. (Chih-Wen Wu, 2015).

The decision making of Mohammad Ibrahim can be analyzed from the decision that Mohammad Ibrahim took the decision of acquiring a loan of $190 million from the bank to sign the deal of MSI Cellular Investment Company, which was later converted into a $3.4 billion Company. Moreover, to acquire the $190 million loan, Mohammad Ibrahim mortgaged $40 million dollars in the bank account to the bank and all the operations of the company. Hence, this decision increased the debt of the company, which was one of the largest debt acquired by the company in the history. Hence, the decision of acquiring $190 million loan for the company resulted in the increased value of the company from $190 million to $3.4 billion, just two months after the deal was signed with the company. (Ibrahim, conversation with Dr Mo Ibrahim, 2008). Therefore, it is found that the right decision making is the core step for enhancing the value for the organization, which is also considered one of the recognized trait of a successful leader.

Conclusion

In sum it can be concluded that Mohammad Ibrahim as an entrepreneur possess characteristics which are also discussed in FACETS model and Timmons model. From FACETS model he has common characteristics of focus, advantage creativity, team and social. The importance of opportunity and resources are also found in entrepreneurial journey of Mohammad Ibrahim. These two factors i.e. identifying right opportunity and efficient utilization of resources are also termed as important character for entrepreneur.

After undergoing an analysis of entrepreneurship and innovation, and analyzing the life of Muhammad Ibrahim; it is identified and leant that introducing the innovation, availing an opportunity and right decisions being taken at right time enable an Entrepreneur to shape the startup company into a successful company. (Chih-Wen Wu, 2015). Moreover, it is analyzed that the innovation in the product development strategy and people management strategy in the companies enable the companies to deriver successful business and flourish. Furthermore, recognizing and availing the opportunities at the perfect time is also resourceful for the startup company which enables the company to capture the market before its competitors, which is learnt from the opportunity availed by Mohammad Ibrahim for establishing a telecommunication company in African countries, whose parts are disconnected with each other due to the lack of communication among the individuals. (Ibrahim, conversation with Dr Mo Ibrahim, 2008)............

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