Question: This case about a Yukon - based business provides a perspective on the challenges faced by Indigenous entrepreneurs in Canada. It offers an overview on
This case about a Yukonbased business provides a perspective on the challenges faced by Indigenous entrepreneurs in Canada. It offers an overview on the history of Indigenous peoples in Canada, including institutionalized discrimination and its effects on Indigenous life. The case focuses on the current economic, political, and social issues faced by Indigenous entrepreneurs in the territory of Yukon, who navigate an environment characterized by high unemployment rates, cultural scars inherited from the residential schools system, and poor education systems.Students are challenged to place themselves in the shoes of an Indigenous business owner working to meet challenges inherent in the growth of their company.After working through the case study and assignment questions, students will be able to do the following:Outline the history of Indigenous peoples in Canada. Describe the unique challenges faced by Indigenous communities in Canada. Identify the difficulties related to entrepreneurship and economic development in norther Canada and in historically disenfranchised communities. Compare and contrast views of indigenous and nonIndigenous entrepreneurs on business expansion, particularly with regard to the priorities given to profit generation and community building. Recommend a solution to specific growth challenges that will enable an Indigenous entrepreneur in an emerging region to achieve their business goals.In this course, you are analyzing a short business case, but regardless of the size and scope of the case, case analysis involves four basic steps:A Identify the issues, problems, and opportunities.B Analyze the issues, problems, and opportunities.C Develop and evaluate alternative solutions.D Make recommendations for action Read the Case posted by your professor and watch accompanying videos about the Yukon Soap Business. Read additional articles about the company as needed or assigned Format a Report with the following headings and within each heading section respond to the following questions using information provided in step Do not rewrite the questions in your report, simply provide paragraphs that answer the questions and support the heading topic.a Social and Cultural Perspective How has the history of Indigenous peoples in Canada shaped and challenged current Indigenous communities? What harm has been done, from a social and cultural perspective?b Unique Considerations for Indigenous Entrepreneurs How does this community harm affect businesses that operate in this setting? What unique considerations do Indigenous entrepreneurs need to take into account?c Risks of Business Growth Should Hogan grow her business? What are the risks and potential outcomes of growing YuKon Soaps, and how well are these aligned with Hogan's goals?d Problem of High Sourcing Costs Can Hogan resolve the challenge of high sourcing costs, given her location, or is this a necessary disadvantage of operating in Yukon? How should she address this issue, and how does this affect the growth potential of Yukon Soaps?e Problem of Capacity Limitations How can Hogan address the capacity limitations of her current production facility? Specifically, how can she overcome the lack of people and equipment to build the facility in Mayo, Yukon, and the skills gapbetween the people in her community and the skills she needs to maintain the highquality focus on her business?f Pros and Cons What are the pros and cons of investing further in each of the three current sales channels: retail stores, fairs and farmer's markets, and online channels? Which channel should Hogan choose?g Recommendation Recommend an action plan for developing Yukon Soaps, including a business strategy that the company should pursue over the short and medium term.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
