new trand in business model

May 29th, 2015
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Academy of Art University
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Advantages, Disadvantages, and Challenges of Entrepreneurship The advantages of using the entrepreneurial approach in creating this product are that the company takes full responsibility for its success in the industry. It does not have to share credit or profit for its success. Another advantage is that because it was created from within the company it took longer for competing companies to copy or mimic the designs and make their own versions to compete with Eton Corps. already awesome product. The major advantages of the entrepreneurial approach is obviously the ease of maneuverability and freedom of the company to invest in, produce, and create new products without the need to gain approval from a higher authority. It offers a range of control that is unparalleled if working under another companies guidelines. And last, it offers flexibility to work at a comfortable pace and produce new and interesting things without the stress of deadlines.

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Product Idea and Business ModelLeonard BrzezinskiAmerican Intercontinental UniversityMGMT422William BeckerProduct Idea and Business ModelProduct IdeaThe product is the Eton Corp. hand crank multi device charger with emergency radio and light. It is innovative within its industry simply because it incorporates key emergency features into its design. Originally the emergency specific radio was designed as any other radio but with specific weather and emergency broadcast station channels. It used batteries as any other electronic device and didnt have much more to it. Eton Corp. had already been producing these kinds of radios as far back as 1986 under the company name of Lextronix, as they progressed through the years they started incorporating new features and experimenting with alternative power sources for their emergency radios. Finally they figured out how to incorporate a hand crank generator that allows the radio to play for 15-20 minutes on 7 minutes of cranking time. Later they figured out that it would also be possible to add in charging ports for many of todays popular devices. The fact that Eton Corp. realized the necessity to incorporate a manual repetitive charging device into their emergency products and went ahead to create it shows that their products are in essence creative and inventive.EntrepreneurshipThis product was introduced to the market by partnering with other manufacturers that were in the same type of industry. In their ea

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