Friday, May 17, 2019
Opening Case.
I researched the entrepreneurial story of placezip. com. This is about Giftzip. com by Sam Hogg who is the founder. He took MBA course from Michigan recount University. When he took the courses he and friend thought about waste and dis beleaguered plastic gift ride and he decided to make it online. After he gets MBA degree he established Giftzip. com and he makes ample choice to buy gift bug from $25$250 on the net. Also recipient gets gift card by redeem code or e-mail from the company that they look at it.Sam Hogg has trouble with big retailer such as amazon. com he al around gave up when he failed to make a deal with them. However he waited the time comes and luckily his business turned succeed. In fall 2008 gift market grows, people are more prefer to buy gift card on the profits and feel comfortable. It turns Giftzip as successful company and in 2009 Giftzip designated as 10 hot startups to watch. And Gift card industry expected to top $100 billion.Reread the opening case , and then list all the smart or effective moves Sam Hogg made in the early days of building GiftZip. com. Which three moves were most instrumental in GiftZip. coms early success? Be prepared to justify your selections. 1. He did what others didnt do before. (Challenging) 2. He continues to control his company whether it will be succeed or be fail. And he got luck to succeed it. 3. As Sams entrepreneurship he believes that his idea/work will be succeed.
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