Discuss about the Self-Reflection for Business Model, Cost and Organizations.
First of all I would like to express deep gratitude for giving me an opportunity to work on a new business model. This helped me gain insight on various issues faced by entrepreneurs by stepping into their shoes. This project also increased by industry knowledge and widened by horizons on the aspect of ecommerce.
How do you feel you have performed in this subject?
I am certain that the service offered by Deligroce is unique in its own way. Despite the fact that there are various competitors in the ecommerce segment, Deligroce has managed to differentiate itself from competition by giving consumers an option to select the vendor from which they would like to order their products. Also, the local vendors have been given a platform to market their products and target a larger customer segment.
I have tried my best to understand and keep in mind detailed intricacies regarding, value proposition, business model, cost and organizations structure of Deligroce. Which has further helped me in enhancing my knowledge on the subject.
Are you now more likely or less likely to pursue a career as an entrepreneur? Why?
Yes, I am more likely to pursue a career as an entrepreneur because now I feel I have better knowledge about various issues faced by a new business upon its planning. Of course there are many more things that I need to come and various practical experiences to gain. But now I feel I have a better insight on what to look forward to when starting a business venture.
What did you discover or learn that surprised you about entrepreneurship?
What I loved about this project is the value created by Deligroce. I learnt that any entrepreneur cannot solely focus on their profits but must strive to create value in the industry by consistent innovation and growth. I was able to practically apply most of the theories that I learnt in class like SWOT, PESTLE and competitive advantage. This deepened my industry knowledge which is sure to help me in future.
When reflecting on where you are now compared to where you were at the beginning of this trimester, what changes have you observed in yourself?
In the beginning, I was only aware about the theory of various strategic tools, today I feel I understand their practical applications. I feel more confident and in touch with the real world scenarios that I might face as an entrepreneur. Also my previous opinion was that it is easy to open a business as long as the owner has deep pockets. But today I understand the immense amount of hard work, research and planning that goes behind starting a business. I have deeper knowledge on the functioning of ecommerce industry.
Overall this project has been a great learning experience. Not only did I enhance my knowledge but I really enjoyed working on this project and I will cherish this experience for a long time.