Thursday, April 27, 2017

WEEK 3 EOC: Miranda

After watching the British sitcom, Miranda, I found that in this episode, she was trying to open a business. There were things that jumped out at me as far as thigs she did wrong were her choice in associates. Her new business associate is Penny, her mother. Her mother is not interested in being a partner.
The organization’s culture can be shaped according to the business environment and by the way employees, customers, and other stakeholders are treated—an example that is set by the founding entrepreneur (owner). Pg 96
She is more interested in getting her daughter Miranda to lose weight to ultimately get her a husband. I don’t believe we know her mother’s work history but due to the fact that she is her parent, this is a conflict of interest. When going into business you have to be careful not to mix personal relationships with intimate ones. This can cause many headaches. You can imagine that the treatment of employees and workers will be very much blurred because of how the founding entrepreneur chose to staff her company.  
Miranda’s business doesn’t seem to be planned out thoroughly. She lacks essential things such as a business plan. She will have her business repossessed unless she comes up with a good business model (plan). She has no idea what the profit & loss would be for her establishment and she is in need of a manager. She has 36 hours to complete this task.
The next step she needs to take is to advertise on the Internet in search of her manager. She is trying to staff her business last minute. This is also not a smart idea as she is possibly rushing through applications and not calling references. She resorts to asks her friend Stevie to consider filling the position. Stevie declines and informs her she is happy with her current position. In a weird turn of events, her friend Stevie passes as an interested applicant, Patricia Nelson. Miranda conducts an interview with her and is aware it is her friend all along. Stevie gets her on board to open the boutique and they are in business.
Leaders of a company build a particular culture by making the beliefs, values, and behavioral norms explicit and intentional. Pg 97
Although things did come together for Miranda, she took a big gamble going about things the way she did. She seemed to have very little direction or overall knowledge of opening a novelty gift shop. She went on to open successfully from what the episode shared.

Mariotti, Steve. Entrepreneurship: Starting and Operating A Small Business, 4th Edition. Pearson Learning Solutions, 2016. [The Art Institutes].

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