Dream Deferred: The Story of a High-Tech Entrepreneur in a Low-Tech World - Case Study Example

Only on StudentShare

Extract of sample
Dream Deferred: The Story of a High-Tech Entrepreneur in a Low-Tech World

However, just one month after the establishment of Adesemi, it all came crashing down. The company was liquidated, and she was devastated. Nevertheless, she has learnt an invaluable lesson about entrepreneurship especially the launching of companies in developing countries (Maddy 1).
1. The most essential lesson that Maddy learnt from her experience in the third world country was to ensure that a business person was well informed of the market that they were trying to penetrate. This is because surveys done before the actual establishment of the firm often give a very different picture of what the reality of the situation is in the country, in question. As such, she explains that she had underestimated the intricacy and extent of the venture especially in a third world country like Tanzania. If the company was founded in a country that was a little more developed, it may have had higher chances of success (Maddy 5).
Firstly, she learns the importance of selecting the best investors in the business. There are two kinds of investors the do-gooders and the do-wellers. The former category is more accessible than the latter; they aim to generate economic growth but are terrified of risks and are deeply entrenched in bureaucracy. ...
Download paper


Dream Deferred: The Story of a High-Tech Entrepreneur in a Low-Tech World
Monique Maddy, an entrepreneur, founded Adesemi as an attempt to guarantee that third world countries had access to inexpensive wireless telecommunications. …
Author : cummeratafleta

Related Essays

Little World Beverages Limited
The portfolio of the Company is White Rabbit Brewery and White Rabbit ales. White Rabbit ales are taken from the malt components and their unique yeast energizing by the open fermentation procedure. LWB has its business operations in the United Kingdom, Singapore and New Zealand. The subsidiaries of the Company as of June 30, 2010, include Little Creatures Brewing Pty Ltd, Little Green Steps Pty Ltd and Fremantle Harbour Properties Pty Ltd (http:/markets.ft.com/tearsheets/business Profile.asp?s= LWB:ASX, accessed on 24.05.2011).
11 pages (2761 words) Essay
Apple Case Study
The paper tells that it would appear that Apple segments its business into business units on a geographic, rather than product bases, in addition to the four geographic business units, the company treats the retail business as a separate business unit. Each business unit reports sales and profitability from all product and operational categories within the region, with the exclusion of retail operations which fall under a separate SBU. In analysing Apple’s strategy, subsequent sections of the report will refer to the European SBU where appropriate. The financial performance of Apple’s...
14 pages (3514 words) Coursework
Due to their low-cost and high-quality of goods, new technology and computers are eliminating jobs in America.
Automated machines have displayed a high consistency, quality output and good work flow. They simplify production and reduce lead times. In regard to safety, they reduce the number of on-the-job casualties that can occur hence reduced medical bills for injured workers. They are a solution to harsh and dangerous working conditions and workplaces, for example, places with toxic fumes, under water and fire (Jeremy, 1995). They perform tasks that are beyond human capabilities, endurance and speed. Louise (2010) reveals that the drop in manufacturing employment is significant in America especially...
5 pages (1255 words) Thesis
Project: the American Dream
5 Principal and Interest….…. 5 Additional Monthly Payment…. 5 i. Hazard Insurance…. 5 ii. Property Tax…. 5 iii. PMI… 5 Fees and Closing… 5 Part 3: The amortization schedules… 6 The Schedule…. 6 Experiment – Extra Payments…. 6 Part 1: Finding a Job and a Home Income and Lifestyle Since my education is related to art, after graduating from the college I am planning to find a job in the area I am fond of to continue my personal and professional development. New York is the center of art, fashion and culture with the constant explosion to the latest trends, numerous...
5 pages (1255 words) Coursework
Ratios Tell A story assignment
However, it is very difficult for one to examine the whole financial statements of a company. Ratio analysis makes it easier for everyone to understand the profitability, solvency, and efficiency position of the firm. Ratio Analysis is a tool used for quantitative analysis of the information from the financial statement of a company. In spite of the advantages, ratio analysis has several drawbacks too. It consider only historical data, the future performance of the company cannot be predicted. It helps to evaluate firm’s financial status on the basis of past and present financial data of a...
5 pages (1255 words) Essay
American dream
Most people who were rendered jobless during recession had education levels of high schools and below. In fact, Georgetown University’s Center on Education (GUCE) had recently claimed that the employment trends for people with no college education were literally flat at the start of the recovery phase. This means that individuals who become jobless during the Great Recession were not in a position to get new jobs. The nature of job loss in the United States during recession was so uneven that it worsened the income inequality trends. In addition, it expanded the gap between wealthy class and...
11 pages (2761 words) Essay
Assignment 2: You Are an Entrepreneur!
Thus, I decide to start a business of photography in which I shall be the sole proprietor. Photography is a service offered to the client who are interested and require it. For starting the business at first I need to obtain a business license from the state and local authority so as to operate my photography business. Secondly I need to design a logo that will help to showcase my work and will represent me. Thirdly, I need to develop a photography business site of my own which will carry my photographs’. It will act as a link to reach various clients residing in different places of the...
6 pages (1506 words) Assignment
Got a tricky question? Receive an answer from students like you! Try us!