Case study

Class: BBA (C)

Semester: 6th
Subject: Entrepreneurship
Submitted To: Ma’am Saira Yasin
Submitted By: Abdullah Nawaz
Roll No: 14248
 Case Study
Q1. Do you think Quirky's basic business model is sound and fair? If you
could suggest any changes, what would they be?
Ans: Yes, I think so that Quirky basic business model is fair and sound. This
organization takes the crowd ideas and turn them into a proper. They have their
own team of employees that help the people that are providing them with resources
to ensure their ideas are fulfilled. The profit sharing is 60% Quirky and 40%
original developer which is very fair in my opinion.
Q2. To what degree does Quirky's business reflect the attributes of a sound
business idea as described in Chapter 2?
Ans: Attributes of Quirky are sound and fair that help the organization to get
success. First or the important idea is the innovation of the ideas, that this company
gets the different kinds of the ideas. In addition, these ideas help the organization
to get success. I think their ideas are really sound that can really help the humanity.
Q3. In what other product areas would Quirky's business model work the
best?
Ans: Quirky believes that their business ideas are best and are the products that
can help the humanity. Quirky can work in many industries. They can work really
well in car accessories as the regular people who are driving car can come up with
ideas to fulfill the daily needs of the people who drive car every day.
Q4. Think of the challenges in your own life that might represent a product
idea for Quirky. If you don't think of something right away, don't give up. All
of us encounter problems and challenges in our everyday lives that might
represent the basis of a promising idea. Be prepared to describe to others one
of the challenges or problems you encounter and how a solution to the
problem could be fashioned into a product idea to submit to Quirky.
Ans: I have a really big problem that I am facing these days is that I always have
low battery on my phone due to forgetting to charge my phone before coming to
university. Similarly I have power bank which I forget to charge. So I have thought
of product that can solve my problem that product is a solar powered power bank
that can charge on solar power and provide charging to my phone. I have a sun
directly shining into my room which will help charging power bank.