A historical and critical analysis of an entrepreneurial venture (Gap Essay

A historical and critical analysis of an entrepreneurial surmise (Gap Inc.) - try on ExampleHe believed that he could do the furrow his own way creating a unique entry into a market flooded with casual take for granted stores. 1.2 The Entrepreneur Gap Inc. is an organization whose brainchild id presume Fisher and his Doris. The vocation started as a small family business in San Francisco where he lived with his family. Don came from a mid(prenominal)dle class family, which had settled in a two-storey house in San Francisco. Don had coarse vision from early stages in life. He could recall great constructions in United States such as Golden Gate Bridge, which sparked his life to create a difference in a lifetime. His personal life includes disbursal time in the beach as a way of enjoying his weekend. Don attended UC Berkeley University where he studied business administration degree (Don, 200912). Don recalls that his business ideas came from his early days in the University wh ere his, which he attest did not cut across his mind. Don worked as US Naval reserve and participated in devising decisions for his father in business meetings. He married Doris who altered his life to become a renowned entrepreneur a cross the globe. 1.3 Opportunity for the venture Don had the idea that business could not just pay his bills but would also excite him. He took some time to achieve this ambition. Don asserts that without evil lack Gap Inc. would not be in history. Don who had been in business with his father, branched out to initiate his own business in mid 1960s. Don used the first opportunity that came his way when he bought Capitol Park hotel. He refurbished the building and leased some of its space to Levis sales representative. Levis sales person took the opportunity to open a showroom within the building. Don mentioned that he enjoyed the arena created by the showroom in the building. Opportunity for the business venture came when Don could not find the right pant size. He had bought pants that could not match their needs. Don recalled that Doris and him walked through the streets of San Francisco and failed to get the right sizes. therefore the idea came what if someone stocked all sizes. 1.4. The motivation to found the venture Don motivation was Levis showroom in his capital park hotel building that he had bought. Don and Doris figured the situation around the city and felt that it was a good idea to create their own sell store that would offer for age 12 to 25. The urge to change the underlying situation motivated their idea of business. Don had stated that he had little idea about retail business but that could not let his views collapse in one drop. Don noted that he did not have a similar foe in San Francisco bay that had similar products. Business personalities are keen to evaluate factors that would make their business thrive. 1.5. Exploitation of the venture and acquisition of resource Don fancy of the name of his new ven ture and settled to name Pants and Discs. His wife Doris changed the name by giving the business opportunity the name Gap. Don conducted a market enquiry before a writing a business plan about the intended store. He noted in his market research that the location of the Capital Park building would address the needs of customers age 12 to 25. The location had adequate parking. He outlined that his success would depend on right employees and adequate stock. He could not afford to ignore the influence of stock or capital for the business. Gap creation was to exploit the existing resources that Don acquired. Resource acquisition and