1. Introduction
The Hewlett-Packard (HP) is a leading company in the world which has been specializing its service offerings in accordance with changing IT market. As of 2004, its service offerings expanded through the acquisition of Compaq (even if it is regarded as an example of failed M&A), which allows HP to achieve economies of scale in terms of size, technology, and global network.
HP h
startup capital required to establish manufacturing capacity to achieve minimum efficient scale is prohibitive. An automotive manufacturing facility is specialized, and in case of failure, it could not be retooled easily. Although the entry barriers to new companies are substantial, it is not as much as difficult for established companies to enter new markets through strategic partnerships or mer
failure to failure, all the
while adapting, iterating on, and improving their
initial ideas as they continually learn from
customers.
One of the critical dierences is that while
existing companies execute a business model,
start-ups look for one. This distinction is at the
heart of the lean start-up approach. It shapes the
lean denition of a start-up: a temporary
organization designed to search f
by LMU Graduates
® Dr. David Choi from LMU
Growth of the Entrepreneurial Economy in the U.S.
® Dr. David Choi from LMU
LA Startup Activity Based on Strong Foundation
® Dr. David Choi from LMU
Venture Capital Has Been Arriving in Los Angeles
® Dr. David Choi from LMU
Diverse Base of Businesses in Los Angeles
® Dr. David Choi from LMU
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