A historical and critical analysis of an entrepreneurial venture (Gap Essay

A historical and critical analysis of an entrepreneurial venture (Gap Inc.) - Essay Example He believed that he could do the business his own way creating a unique entry into a market flooded with casual wear stores. 1.2 The Entrepreneur Gap Inc. is an organization whose brainchild id Don Fisher and his Doris. The business started as a small family business in San Francisco where he lived with his family. Don came from a middle class family, which had settled in a two-storey house in San Francisco. Don had great vision from early stages in life. He could recall great constructions in United States such as Golden Gate Bridge, which sparked his life to create a difference in a lifetime. His personal life includes spending time in the beach as a way of enjoying his weekend. Don attended UC Berkeley University where he studied business administration degree (Don, 2009:12). Don recalls that his business ideas came from his early days in the University where his, which he attest did not cut across his mind. Don worked as US Naval reserve and participated in making decisions for h is father in business meetings. He married Doris who altered his life to become a renowned entrepreneur a cross the globe. 1.3 Opportunity for the venture Don had the idea that business could not just pay his bills but would also excite him. He took some time to achieve this ambition. Don asserts that without bad lack Gap Inc. would not be in history. Don who had been in business with his father, branched out to initiate his own business in mid 1960s. Don used the first opportunity that came his way when he bought Capitol Park hotel. He refurbished the building and leased some of its space to Levi’s sales representative. Levi’s sales person took the opportunity to open a showroom within the building. Don mentioned that he enjoyed the arena created by the showroom in the building. Opportunity for the business venture came when Don could not find the right pant size. He had bought pants that could not match their needs. Don recalled that Doris and him walked through the streets of San Francisco and failed to get the right sizes. Then the idea came what if someone stocked all sizes. 1.4. The motivation to found the venture Don motivation was Levi’s showroom in his capital park hotel building that he had bought. Don and Doris figured the situation around the city and felt that it was a good idea to create their own retail store that would cater for age 12 to 25. The urge to change the underlying situation motivated their idea of business. Don had stated that he had little idea about retail business but that could not let his views collapse in one drop. Don noted that he did not have a similar competitor in San Francisco bay that had similar products. Business personalities are keen to evaluate factors that would make their business thrive. 1.5. Exploitation of the venture and acquisition of resource Don thought of the name of his new venture and settled to name Pants and Discs. His wife Doris changed the name by giving the business opportunity the name Gap. Don conducted a market research before a writing a business plan about the intended store. He noted in his market research that the location of the Capital Park building would address the needs of customers age 12 to 25. The location had adequate parking. He outlined that his success would depend on right employees and adequate stock. He could not afford to ignore the influence of stock or capital for the business. Gap creation was to exploit the existing resources that Don acquired. Resource acquisition and

Exam 2 Term Paper Example | Topics and Well Written Essays - 750 words

Exam 2 - Term Paper Example Learning by human beings may be a result of training, education, schooling, or personal growth. Psychology studies how learning occurs in various contexts of life. Additionally, learning may be a result of observation, classical conditioning, and operant conditioning. This paper will look at how amateur soccer players learn to be better players than they are in regard to the three learning approaches. Three students, John, Peter, and James, had just joined high school. The three were extremely passionate about soccer and had the desire to join the school soccer team. John, Peter, and James frequently attended the team’s training sessions. The level of skill and performance of the team were greater than what the three students had, but they were still eager to join. John improved as a player through observational learning, Peter improved through classical conditioning, and James through operant conditioning. Observational learning occurs as a result of observation, retention, a nd replication of another person’s behavior, in most cases a role model. For behavior to be imitated, the observer should pay attention to the behavior of his or her role model. Additionally, the observer should retain the behavior in the memory and finally replicate what he or she had learned from the model. The observer should have the skill to reproduce the model’s action. ... stimulus, which brings forth an expected response; unconditioned response, which is a natural response to the unconditioned stimulus; conditioned stimulus formed after the association between a neutral stimulus and unconditioned stimulus; and conditioned response, the learned response to the earlier stimulus that was neutral. Whenever Peter saw soccer balls (Unconditioned Stimulus) during the training sessions, his urge to practice would increase (Unconditioned Response). Moreover, when he would hear a whistle (Conditioned Stimulus) being blown, he would feel like going (Conditioned Response) to the pitch to play. On the other hand, operant conditioning entails increasing or decreasing the probability of behavior due to the outcome. It involves a stimulus, response, and reinforcement (Ormrod 123). James attended every training session with the aim of improving and getting a place in the team. Whenever he completed tasks (response) in training, the coach would praise (reinforcement) h im. This made him improve his skills and general performance. Several brain parts assist in the process of learning. There are those that control learning parts and those involved in the same learning parts. Storage of information is a must for learning to be conducted. The temporal lobe organizes information, speech, and memory. It helps in retrieving memory, images, and accurate information. The amygdala helps in the organization and storage of emotion related memories. It also determines the memories to be stored and organizes all the memories storage. The hippocampus helps in creating memories that are new. It makes concepts and fits experiences into the concepts. The frontal lobe solves problems, judgment, memory, language, and personality control. Skills to solve problems and think