This is an Entrepreneurship class. Think of a idea for a business. Product or Service? What is one resource or capability that you feel would provide a competitive advantage while producing this product or service? Put the resource or capability through the VRINE model test. Write up your process and work.
In the video “Making Room for Micro-entrepreneurs in the Sharing Economy,” we learn about the growing American “share economy” and how it makes use of people’s preexisting and underutilized assets and time. It also gives an example of the hospitality website Airbnb (Entrepreneurship) which helps turn empty guest rooms into makeshift hotel rooms. Video link: Please watch “Making Room for Micro-entrepreneurs in the Sharing Economy” Source: PBS NewsHour (2014). Making room for micro-entrepreneurs in the sharing economy. Retrieved on November 1, 2016 from https://www.youtube.com/watch?v=O4YXbj0tMjs After watching the video, answer the following case questions: 1. In your opinion, does Airbnb fit into a free enterprise economy? Why or why not? 2. Using the Airbnb example, discuss some economic benefits and costs of entrepreneurship. 3. Should government interfere or place some regulations on entrepreneurs such as Airbnb? Submission Format: Write your assignment in the form of a paper. Follow the APA referencing method. Visit: APA Quick Reference Guide. Minimum one to two pages in length with at least one outside source.
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