Entrepreneurial Mindset

ENTREPRENEURIAL MINDSET FEEDBACK 02-14-22

1) Applies a customer-centric orientation to identify unmet customer needs that can be met with a new product or service. NOT YET MASTERED!!!!!

You present an unmet need and a service solution. What is lacking is the meaning of the term customer centric orientation. Further, discuss how this mindset helps to identify an unmet need. Go to Resource: The Innovative Mindset Your Company Can’t Afford to Lose, Paragraph Title: Prioritize problem solving.    

2) Describes various business models (free, freemium, etc.) used in for-profit and social enterprises and evaluates their appropriateness in various contexts. NOT YET MASTERED!!!!!  

You have a correct definition for Free in a for-profit sense. What is yet to uncover is the Fremium model for  profit and social and Free - for social. For Fremium, consider a company like Spotify with a free service and the benefits advertisers have from a marketing standpoint. Finally, in the case of Habitat for Humanity offering free homes - explain the value contributing sponsors have in donating goods and services and what a ‘membership’ represents in terms of a Fremium social model.