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While completing a degree in Computer Science, Shane Whelan designed and developed an 'app' for smartphones, allowing users to change their photographs into cartoons - Leaving Cert Business - Question Question 1 - 2013
Question Question 1
While completing a degree in Computer Science, Shane Whelan designed and developed an 'app' for smartphones, allowing users to change their photographs into cartoons... show full transcript
Worked Solution & Example Answer:While completing a degree in Computer Science, Shane Whelan designed and developed an 'app' for smartphones, allowing users to change their photographs into cartoons - Leaving Cert Business - Question Question 1 - 2013
Step 1
Outline three enterprising characteristics/skills displayed by Shane.
Answer
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Innovative and Creative: Shane demonstrated creativity by designing an app that enables users to transform their photographs into cartoons, addressing a unique market need.
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Decisive: He made the bold decision to set up his own business, Snappyy, which illustrates his readiness to take risks.
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Hardworking and Energetic: Shane invested long hours in developing the app, showing his dedication and commitment to the success of his venture.
Step 2
Outline two risks and two rewards for Shane setting up his own business.
Answer
Risks:
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Possible Failure: There is a risk that the business may not succeed, resulting in financial loss for Shane.
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Financial Problems: Shane may face challenges in raising sufficient funds to sustain the business, especially if initial income falls short.
Rewards:
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Wealth and Success: By successfully running the business, Shane could achieve financial rewards and increased personal success.
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Independence: As the owner, he retains all profits and has the authority to make all business decisions, enhancing his autonomy.
Step 3
Explain two features of a democratic leadership style.
Answer
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Inclusiveness: A democratic leader seeks input and feedback from team members, promoting a collaborative environment where everyone feels valued and motivated to contribute.
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Shared Decision-Making: Decisions are made collectively, allowing team members to have a say in the direction of the business, which fosters a sense of ownership and responsibility.
Step 4
Explain two benefits of teamwork in 'Snappyy'.
Answer
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Enhanced Creativity: Collaborative work encourages the exchange of ideas, leading to innovative solutions and enhancements for the app development process.
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Improved Efficiency: Teamwork allows for the distribution of responsibilities, ensuring tasks are completed more efficiently and effectively through collective effort.
Step 5
Outline two services provided by County/City Enterprise Boards.
Answer
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Financial Assistance: Enterprise Boards offer grants and funding opportunities to support startups in their initial phases, helping to alleviate financial pressures.
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Advisory Services: They provide expert advice on business planning, market research, and skill development, equipping entrepreneurs with the necessary tools to succeed.