Questions
1. Visit Hello Alfred’s website www.helloalfred.com and study it, then draw its Business Model, following the Barringer-Ireland’s Template. State and explain the value which the business offers to its users. Which activity in the value chain does it improve, and how?
2. Identify 2 ethical and 2 legal issues which might be associated with Hello Alfred? What permits and licenses would an entrepreneur need to obtain in order to open a similar business in Saudi Arabia?
3. What made Hello Alfred attractive to Venture Capital Funding? Under which conditions does this type of financiers work? What characterizes their profile? How is the fund structured?
4. What competition would Hello Alfred face, should it enter the Saudi Arabian market? What barriers to entry would it face, and how would it overcome them? Draw a competitive analysis grid to analyze its current and future competition in the Saudi Arabian market.
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