Question: answer me fast please im stuck in the case study Case of Servis Industries Entrepreneurial Birth of a Legacy [20 Marks] Servis Industries is an

answer me fast please im stuck in the case studyanswer me fast please im stuck in the case study

Case of Servis Industries Entrepreneurial Birth of a Legacy [20 Marks] Servis Industries is an inspirational story of three friends who established Servis Industries in the 1940s and it is now one of the largest shoe-makers in the region. The friend-founders belonged to middle-class families but were blessed with diversified skills. One was academically good, the other had good relations at public offices and the third had exceptional communication skills. As the three friends were educated and had no interest in a job, especially a government job the only option left was to do something unusual. The first initiative was taken immediately after WWII when they applied for a tender of Chappals for policy, by borrowing Rs. 63 and acquiring a location for business on a lease of Rs. 52. Soon they obtained a tender of the provision of Chappal for Police. But none of the partners was acquainted with shoemaking skills. They traveled to Gujrat to get the Chappals manufactured from local Cobblers. After fulfilling the first order, they were awarded an order to manufacturing army shoes. The business kept on working, but the end of the war created new opportunities when the founders decided to diversify their business by adding hand and traveling bags in their product line. But the separation of sub-continent created troubles customers as well as the debtors. But they did not lose hope and received their first order to make army boots in 1950. This proved to be the beginning of a new ear and since then the management of services industries has not looked back. they lost Answer the following questions understanding the above case Which all types of an entrepreneur the three founders could be attributed to? What was the way of opportunity identification used by the three entrepreneurs? Which technique of idea generation and refinement was used by the entrepreneurs? Evaluate the business idea for four elements of feasibility analysis

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!