Final Examination

• Depth interview

  Qualitative research technique involving conducting intensive individual interviews with a small number of respondents to explore perspectives on an idea, program, or situation
• Initial interview

  To get basic information about skills, qualifications, and interest in a position (e.g. for hiring managers to learn about personality and determine qualifications)
• Final interview

  Last interview before learning a company's decision of offering employment
• Panel interview

  Each member has the opportunity to ask questions about experience, goals, and qualifications
• SWOT analysis

  • Strength: Specific characteristics of the business that offer an advantage over competitors and are helpful to achieve objectives
  • Weakness: Limit performance and could represent an obstacle in achieving objectives, so new solutions should be found to eliminate or improve them
  • Opportunities: External conditions to improve performance or can be capitalized/exploited
  • Threats: External conditions and situations that could hinder performance, so ways of defending against them can be explored
• Importance of packaging

  To be unique from others, separate from competitors, and attract customers
• Business process

  1. Solid procedures and policies that the business follows

  2. Methods of product making
• Input-Process-Output (IPO)

  As future entrepreneurs, you can identify the materials and procedures using IPO: Input (ingredients, materials needed to make product), Process (methods to make product), Output (the product itself)