Radha Jalan took over management of ElectroChem, a struggling company that researched and developed fuel cell technology, after the sudden death of her husband Vinod Jalan in 1992. She did so because she was intrigued by the possibility of participating in the early stages of a growth industry, and she looked forward to the intellectual stimulation and challenge. The biggest challenge she faced early on was funding, mostly because the company was not profitable and the government grants that had been keeping it afloat were quickly coming to an end. When looking at ElectroChem from a SWOT analysis perspective we would like to start when Jalan was first faced with the decision to sell the business or continue as its president. There …show more content…
Jalan also demonstrated many of the key attributes that are common with successful entrepreneurs. She is task oriented, she sets goals and puts forth the effort required to reach them and even in the face of adversity she continues to work and does not give up. From the beginning Jalan was fighting an uphill battle, people in the company didn’t have faith in her ability to run it and as a result she lost two key employees. Although losing these employees was technically a setback, the loss of their salaries as a liability allowed the company to pay some past due expenses and continue operations. Another major turning point was when Jalan decided to fulfill a contract at cost, in order to build the companies reputation and keep the doors open until more contracts could be attained. Jalan knew her husband was respected in the fuel cell industry and she saw an opportunity to take advantage of the contacts he has already made, as well and building new relationships of her own. When speaking to people about her company she always maintained an honest approach, even disclosing her lack of knowledge in the technical aspects of fuel cell technology. Her honesty helped her build credibility amongst influential contacts and eventually led to research and development contracts for ElectroChem. The next step nobody could have see coming, Jalan met with a
The first case that was involved CFPOA is R. v. Griffiths Energy International . In January 2013, the Griffiths Energy was pled guilty to bribery offence under section 3(1), (b) of the CFPOA . The offender paid over USD 2 million to obtain a consulting agreement of oil contracts in the Republic of Chad. Griffiths Energy paid the bribe to a company owned by the wife of the foreign ambassador as well as a number of founder shares. The article of “A New Era of Canadian Anti-Corruption Enforcement?” mentions more detail of the court case. On September 15, 2009, the Griffiths Energy offered the bribe to Chad Oil Counsulting the statement of facts disclosed that the Griffiths Energy LLC owned by Ms. Niam, the wife of Chad’s Canadian, Ambassador Mahamoud Adam Bechir, and
There are basically three personal qualities of entrepreneurs. It should be known that the personal qualities of the entrepreneurs alone cannot guarantee success and therefore the, seven personal characteristics of entrepreneurs as follows below should be considered as they help to blend with the personal qualities and make a business success.
Hypothesis: The beaker with only water would be clear the carbon would turn black when added and the other one will turn grey.
Many job opportunities today show that there is the considerable need to acknowledge the newness in this technology (Wilber, 2012). This is because it is not in any way a permanent solution of oil importation but it is an alternative energy source, more like a bridge source, that gives time to develop better technologies.
1. The energy that is released in a fusion reaction comes from the loss of mass.
Just imagine all that hard work it would take to finish that! And through all of these challenges, Athelia still persevered, making her a great entrepreneur - and more importantly, a great role model.
U.S. Department of Energy. 2017a. “September 2017 Monthly Energy Review.” Washington, DC: U.S. Energy Information Administration, 2017. Accessed Oct. 17.
The drive behind the types of inventions Bhargava’s companies are making is compassion and empathy. He is a former cab driver, construction worker
What do we know about our energy sources and how our energy choices affect the environment? Many people still do not put much though into this topic or pay any attention to the amount of energy they use or where it comes from. For some it is just willful negligence, but for many others it may be due to a lack of knowledge on the subject. Perhaps it is a good idea to pay closer attention and educate ourselves so we can make informed decisions that may lead to less stress on our wallets and on our environment. In order to make a change, we should observe our currently used energy sources in everyday life, the impact of increasing energy uses, and observe all of the alternative options available to us.
Michael Gillespie, The Lincoln Electric Company’s new president for the Asia Region, was “encouraged to develop plans to open welding consumables factories in several Asian countries” by the new CEO, Anthony Massaro, and Gillespie had specifically “turned his attention to plans for Indonesia [O’Connell,[1] main reference, p 1].” We worked with Gillespie to prepare for the September 1996 meeting with Massaro and the presidents of the other worldwide regions. We analyzed Lincoln’s current capabilities and its past experiences and prepared a transformative plan based on business concept innovation [Hamel[2], ch 3], documented by this report, with a three pronged approach for the Asia Region. The first
Explain and critically analyze unique traits of an Entrepreneur, discuss these related to personal strengths and weaknesses
There has been extensive research conducted on the characteristics that successful entrepreneurs possess. These attributes vary widely across literature, however there are common key traits that are required to achieve any form of success. Frederick et al (2013) suggest entrepreneurs are risk takers, optimistic, have sound judgement and an ability to manage. While a review of literature relating to the psychology of an entrepreneur reveals a large variety of characteristics in a successful entrepreneur, these can be consolidated to a a few into only a few traits that are essential for a successful entrepreneur. Whilst taking into
as everyone was going off in their own direction under JRD Tata. J.J Irani, MD, Tata Steel
For years man has relied on energy in order to be successful in life. The industrial revolution relied on coal for the new inventions brought into the world. Life as has never been the same since then. However since that time, there has been little done to improve on energy efficiency and humans still primarily rely on fossil fuels for energy. For over a hundred years the Earth has become more polluted and dirtier than ever before. Now, with new, innovative technology there is an opportunity to change that and to rely on renewable, cleaner sources of energy. The main source of energy for the world should be alternative energy instead of energy from fossil fuels.
Another trait possessed by successful women entrepreneurs is persistence. Starting a business is one thing; but sticking to the entrepreneurial process is another. Nothing good comes easy; you must give a good fight and persist on what you want; if you are to really achieve success in the business world. Without persistence, I don’t think you can become a successful business woman.