Case 2 Hudson\'s Dilemma Bill Hudson was a real craftsman when it came to being

Question

Case 2 Hudson's Dilemma Bill Hudson was a real craftsman when it came to being a machinist. Bill had learned almost all that he knew from Hugo Huffman, his first and only employer. Bill Hudson was married and had three young children. He was 33 years old and had worked for Hugo ever since he finished his tour in the army. In 12 years, Bill had polished his skills under the watchful and critical eye of Hugo Huffman. Hugo was quick to recognize Bill's talent for the trade. Bill had a positive attitude about learning and displayed a drive for perfection that Hugo admired Hugo's Machine Shop was a successful small business. Its success was based mostly on the reputation for quality that had been established over its 42 years in operation. Hugo had come to this country with his new wife, Hilda, when he was in his late twenties. Now the business was a success, but Hugo remembered the early years when he and Hilda had to struggle. Hugo wanted the business to continue to produce the highest quality craftsman products possible. On a Friday evening, he called Bill into his office at closing time, poured him a cup of half-day-old coffee, and began to talk with him about the future

Explanation / Answer

1 Ans:- The entrepreneurial characteristics that contributed to Bill's success are:-

a. Ability to learn new concepts of business and implementing it.

b. To achieve perfection in work without making errors.

c. Ability to maintain quality in business operation and maintain it's brand value.

d. To make technical advancement in business.

2 Ans:- Bill should take following steps to avoid pitfalls:-

a. Bill should look for innovation in products and services provides by the company.

b. He should analyse the market sentiment, consumer behaviour and take business decision accordingly.

c. He should also observe competitors strategy and plan his strategy accordingly.

d. He should also be open to test new ideas based on past experience.

3 Ans:- I would sell business to Bill as terms given in the case and encourage him to involve in business side of operation as well. Bill should also make decision in terms of recruiting new employees if expansion of business is planned.

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