But ringing up an immediatesale is not the primary focus. If customers need a bike part--a tire val ve cap or a chain link salespeople simply give it to them. The store also gives away cellular phones so bike riders can keep in touch with others or be prepared to make a call for assistance if needed. Zane also believes that any successful business owes its success to the community that supports it. It's a relationship that must be nurtured Cross-Cultural Management
Cross-Cultural Management 6 But ringing up an "immediate" sale is not the primary focus. If customers need a bike part--a tire valve cap or a chain link-- salespeople simply give it to them. The store also gives away cellular phones so bike riders can keep in touch with others or be prepared to make a call for assistance if needed. Zane also believes that any successful business owes its success to the community that supports it. It's a relationship that must be nurtured
Question Identify and describe the entrepreneurial spirit exhibited by Chris Zane. How has this affected his business? 7 Cross-Cultural Management
Cross-Cultural Management 7 Question 1 • Identify and describe the entrepreneurial spirit exhibited by Chris Zane. How has this affected his business?
Entrepreneurial Spirit Entrepreneurship is the process of initiating a business venture, organizing the necessary resources and assuming the risks and rewards Entrepreneurs usually start small business--one that has fewer than 500 employees 8 Cross-Cultural Management
Cross-Cultural Management 8 Entrepreneurial Spirit Entrepreneurship is the process of initiating a business venture, organizing the necessary resources, and assuming the risks and rewards. Entrepreneurs usually start small business--one that has fewer than 500 employees
2. Why the increased popularity? a) There has al ways been a segment of the population that wanted to control its own destiny b) recent changes in the economy have stimulated interest in being one's own boss (1 Corporate downsizing (2) Self-employment opportunity financed in part by their severance pay or early retirement bonus 9 Cross-Cultural Management l
Cross-Cultural Management 9 2. Why the increased popularity? a) There has always been a segment of the population that wanted to control its own destiny. b) Recent changes in the economy have stimulated interest in being one's own boss. (1) Corporate downsizing. (2) Self-employment opportunity financed in part by their severance pay or early retirement bonus
(3) Others see colleagues and friends lose their jobs and voluntarily cut their corporate ties and choose self-employment (4) Growing options in franchising ess risk. Lower failure rate 10 Cross-Cultural Management l
Cross-Cultural Management 10 (3) Others see colleagues and friends lose their jobs and voluntarily cut their corporate ties and choose self-employment. (4) Growing options in franchising. Less risk. Lower failure rate