By-                                                                            Praveen Sidola                             ...
Character analysisStrength of Ravi Agarwal-Institutional entrepreneurLearns from previous mistakesGood operational personW...
Strength of Sanjay Gupta-Experience of required Internet economyAnalytical & financial backgroundHave experience of direct...
Selection of Key Person -    Option - Balance score card method                                          Michale          ...
Bizland
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Bizland

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Bizland

  1. 1. By- Praveen Sidola Bizland Inc.Situation AnalysisThe Case is related with an institutional entrepreneur, Ravi Agarwal. Even though there was a glitchin his first venture, he learned from his mistake and analysed the market completely & entered intoe-Business with 2 specific featuresPrimary ProblemIs it right time to hire a CEO-Secondary ProblemSelection of a Key Person – Even though the venture is small, there is high opportunity of growth. Soto cash this opportunity a person with dynamic profile is required.SWOT Analysis of organizationStrengthVisionary & committed entrepreneurWeaknessFinancial unsteadinessOpportunityHuge marketNew concept of e - commerceThreatUnforseen competition because of poor entry barriers
  2. 2. Character analysisStrength of Ravi Agarwal-Institutional entrepreneurLearns from previous mistakesGood operational personWeakness –poor market personStrength of Michale Speer-Working big brand nameExperience of required domain as well as B2BAnalytical & financial backgroundWeakness –No experience in Equity fund raisingStrength of Robert Barbers-Working big brand nameExperience of required Internet economyEducated from a good collegeAnalytical & financial backgroundWeakness –No experience of Equity fund raisingNO experience of B2BNo experience of Distribution
  3. 3. Strength of Sanjay Gupta-Experience of required Internet economyAnalytical & financial backgroundHave experience of direct marketingWeakness –No experience of Equity fund raisingNO experience of B2BStrength of Daniel peters-Experience of required Internet economyHave experience of direct marketingWeakness –No experience of Equity fund raisingNo experience of DistributionSuggestions from the options generatedIs it right time to hire a CEO-Organization financial position is not so strong with $1.3 Million it is not a wise decision to hire a CEOwhose salary is around $.1 MillionOption –Should not go for full time hiring, founder should take care & go for consultant for specific issueSolutionAs per my analysis “Ravi Agarwal”Existing employeeConsultant Pros – Less Financial burden Cons – Growth can be slow
  4. 4. Selection of Key Person - Option - Balance score card method Michale Robert Sanjay Daniel Skill Weighted Speer Barbers Gupta peters Extensive direct marketing 20 5 5 5 5 B2B Small company 20 5 3 3 5 Distribution 10 5 3 5 3 Equity fund raising 10 3 5 3 3 Internet economy 10 5 5 5 5 High tech company s/w 10 5 5 5 4 Education 10 4 5 4 4 Leadership 10 5 5 5 4 470 440 430 430 SolutionAs per my analysis “Michale Speer” is the best suitable candidatePros – Less complication, fast decision makingCons – this is a quantitative method so, qualitative aspect should be considered in the interviewproperlyLearning –It is very difficult to hire a Key person in the start-up organization, to whom you can handover yourdream, so all aspects should be taken into account.My opinion regarding the question1) - Hiring for a key position, so all the elements of must have taken into consideration, there shouldnot be any compromise2) - Yes why not, there is significant possibility of growth of venture with the given professionals.Stretching the process is based on the time Limit & intensity of requirement.3)-A per balance score card “Michale Speer” is the best suitable candidate

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