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In the case of young entrepreneurs, Melodie Stewart started her business to offer a
matchmaking service for corporate, governmental, and non-profit groups after going through
the difficult experience of an abrupt job loss (Hurst, n.d.). Her business was based on
fostering relationships, providing value, and positioning herself as the go-to source for
knowledge (Hurst, n.d.). Melodie's parents initially sent her four post-dated biweekly checks
totaling $200. She later made a presentation to a bank manager with the help of her best
friend and business partner Kim Doherty and was successful in obtaining a $1,500 overdraft
loan. They were successful in launching Pro-Net and establishing its incorporation,
Root Problems.
At first, Melodie and Kim collaborated on every decision as equal partners. They later
divided the duties, though, as the demands increased (Hurst, n.d.). Because they overworked
themselves, stress and burnout developed in them. The division of duties meant that Kim was
to oversee finances and logistics, while Melodie would hold the ultimate say in marketing,
sales, and promotion to ensure that when addressing any fresh venture or decision in front of
them, they may concentrate on talking about the demands of the customers. The second issue
was with Net's service being overextended. They consequently became extremely busy and
forgot about their professional and personal side of things. There was also evidence of
Fundamental Cause.
The main issue may have been Pro-Net's attempt to attract a wide range of potential
customers, from elite to small groups with diverse networking requirements. They ended up
committing too much themselves to a range of responsibilities and skills to please everyone.
Possible Alternatives
forms (Laegaard, J., & Bindslev, M., 2006). There are five organizing forms that can be
characterized by its speed, adaptability, and leanness. When the company is small, it
decision-making, this structure will not be ideal (Laegaard, J., & Bindslev, M., 2006).
formalization of tasks, routines, and processes (Laegaard, J., & Bindslev, M., 2006).
Based on their functions, the tasks are divided into departments. This company might
Divide-and-conquer form- This layout is generally used when there are multiple
distinct product lines and business units (Laegaard, J., & Bindslev, M., 2006). The
main benefit is that it offers line managers more power and accountability. The
shortcoming.
Expert bureaucracy. The company relies on highly qualified experts who advocate
(Laegaard, J., & Bindslev, M., 2006). Professional associations are most frequently
handle it attentively and delegate responsibilities that are more specifically defined in terms
of service. One team can be in charge of training, while other overseas networking events. In
this case, either the dimensionalized form or a novel organizational design could be applied.
As the size of the assignment grows, the risk of conducting business without the appropriate
funds and personnel increases. The alternative would be to focus solely on a single service to
minimize exposure. For Pro-Net to outperform all of its competitors in service delivery and
attract new clients, the most suitable organizing form is a simple one.
Adding new partners to help with the responsibilities would be the third alternative. When
Melodie served as a chief marketing officer and Kim as a chief financial officer, the new
partner might act as a chief operating officer to oversee activities like training or even assist
Kim in logistics.
based on pursuing needs at various levels, including physiological needs including water,
food, affection, and relaxation; safety needs, which relate to the need to feel safe and secure
in one's life and surroundings and include things like one's job security and reliable income;
need for love and belonging, which encompasses the desire to give as well as receive love,
Melodie felt at ease and satisfied with her pay after realizing her physiological need for a
paycheck from her company. Her dedicated parent and closest friend Kim provided her with
enough assistance to satisfy her need for recognition and admiration. As a result of the work,
she did at Pro-Net, she gained the respect of her initial investor, the bank manager, and her
clients. This has more than satisfied her need for respect. If Melodie had not felt the need for
self-actualization, she would not have been able to find the time to travel and further her
knowledge in other areas. Melodie and Kim decide to be respectful in response to this
Conclusion.
Being flexible to changing customer expectations was the cornerstone of Pro-business Net's
practices. Melodie and Kim's next tactical move should therefore be to choose between a
simple organizational structure and a creative one. But since they want to stay small and
concentrate on honing their core competency, the third choice should be chosen.
References
from https://corporatefinanceinstitute.com/resources/knowledge/other/maslows-hierarchy-of-
needs/
Hurst, D. (n.d.). Young Entrepreneurs -- Seizing Opportunities and New Directions. Acadia
from https://www.mindtools.com/pages/article/newSTR_54.htm