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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/Creative: Shane demonstrated creativity by developing a unique app that allowed users to transform their photos into cartoons, showcasing his ability to think outside the box.
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Decisive: Shane made clear decisions to pursue his idea and set up his business, demonstrating his capability as a decisive entrepreneur.
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Risk Taker: By launching 'Snappyy' with no guarantee of success, Shane displayed his willingness to take risks in order to achieve his business goals.
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, which could lead to financial loss.
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Financial Problems: Shane may face difficulties in maintaining financial stability, especially if he struggles to secure funding or revenue.
Rewards:
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Wealth/Success: If successful, Shane could generate significant profits and elevate his status in the business world.
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Independence: Running his own business allows Shane to make decisions without needing to answer to a boss, granting him more freedom.
Step 3
Explain two features of a democratic leadership style.
Answer
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Delegation: In a democratic leadership style, leaders delegate authority and encourage team members to take responsibility for their tasks, fostering a sense of ownership.
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Participation: Leaders involve team members in decision-making processes, ensuring that everyone's voice is heard and valued.
Step 4
Explain two benefits of teamwork in 'Snappyy'.
Answer
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Enhanced Problem-Solving: Teamwork fosters diverse ideas, leading to more innovative solutions as different perspectives contribute to resolving challenges.
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Shared Responsibility: Team members share responsibilities, reducing individual workloads and increasing overall productivity.
Step 5
Outline two services provided by County/City Enterprise Boards.
Answer
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Advice on Business Planning: Enterprise Boards assist new businesses by offering guidance on how to start, develop, and manage business plans effectively.
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Training Programs: They provide training in areas such as management, budgeting, and IT skills to help entrepreneurs build a strong foundation for their businesses.