Shark Tank Essay Assignment

After reading chapter 6 about strategy, watch the above clip from a Shark Tank episode. 

The goal of this extra credit assignment is to apply the material from our textbook while analyzing the business idea proposed in this clip. Support all of your claims and be specific. Make sure to provide a meaningful analysis, do not simply repeat statements from the episode or copy information from the textbook. You do not have to reference the textbook, but any time you use a term use bold or italic text (e.g., threat of new entrants). Your analysis should be at least 500 words long. 

Imagine that you are one of the “sharks” and answer the following questions. Do NOT analyze pricing of products/services, valuation of companies or percent of ownership discussed during negotiations – focus on the strategy.

1.      Analyze the attractiveness of Grease Monkey Wipes and the industry they are trying to enter using Porter’s five industry forces framework. You will need to conduct some additional research to provide an informed answer. 

2.      What is the current state of this product? Discuss what do you believe is the reason for their success/failure? 

Order from us and get better grades. We are the service you have been looking for.