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14A – Halfway Reflection

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Tenacity provides perspective in placing short-term difficulties in the context of a higher goal. It is the thread that binds all innovators, entrepreneurs and problem solvers to one another, separating bona fide success stories from the wannabe entrepreneurs. Tenaciousness is a competency. The behaviors that I have used or developed to keep up with the requirements of the course include creating a schedule and managing my time wisely. Online courses allow students to decide when to complete assignments in their own time. At the beginning of each week, I look over which assignments are due, and determine which days to set aside to complete those assignments. Since there are usually two to three assignments due every week in the class, I set aside a day to complete each one. Procrastination is a slippery slope and happens quite frequently in online classes, so students must stay organized and stick to their study plan. Time management is crucial in an online course,...

13A – Reading Reflection No. 1

Coco Chanel , Lisa Chaney 1. You read about an entrepreneur: What surprised me the most about Coco Chanel was that she was born illegitimate and poor in the Loire to Eugenie Jeanne, a laundrywoman, and Albert Chanel, a market trader, who wasn’t present for her birth. What I most admire about Chanel is how hard-working and ambitious she is, from being born into an impoverished family, difficult childhood at an orphanage, to her years struggling as an apprentice seamstress. What I least admire about the entrepreneur is her perception of men, especially in her earlier years. She became Etienne Balsan’s, a French ex-cavalry officer, mistress and had affairs with numerous men, including Boy Capel, and the Duke of Westminster. Coco Chanel encountered adversity and failure through her rough childhood and competing in an industry that was dominated by men at the time. Chanel’s workers also participated in a strike, resulting in her shutting down the House of Chanel thre...

12A – Figuring Out Buyer Behavior No. 1

Segment/Target Segment: The audience segment for Starbucks are men and women ages 25 to 40. The core marketing strategy of Starbucks focuses on segmentation, targeting, positioning, and differentiation. The target market is affluent or high-income consumers, but multiple Starbucks are also surrounded by middle-income neighborhoods, due to these people spending their discretionary income on the brand’s beverages. A segment of Starbucks consumers consists of people with positive life attributes and are concerned with their image and status, as opposed to the cost of the actual product. The three segments of the PRIZM cluster that fall under the target segment are midscale middle age mostly without kids, midscale younger mostly without kids, and upscale middle age mostly with kids. The segment I chose is midscale younger mostly without kids because they are a progressive mix of tech savvy, young singles, couples, and families ranging from students to professionals who lead b...