Good Example Of Decisions To Learn From - The Life And Times Of Brad Clancey Case Study

- Brad Clancy is a type of entrepreneur who is easily ticked by major economic changes, especially in times of recessions. He also showed that he is willing to incorporate other skills, which was shown when he worked for Hercules Inc. Opportunities also tick Brad Clancy, as shown when he got the opportunity to purchase Applied Filaments, which enabled him to work on European soil. As he grows old, he never changed his financial mindset. He thinks ahead when it comes to business ventures and adapting to economy trends, so he may be looking forward towards retirement.
- Career paths are likely to be main reasons on why one should consider acquiring and learning new skills. Clancy may have a degree in Mechanical Engineering at Virginia Tech, but he did not limit to train his knowledge and capacity in such discipline – by learning the basics of mergers and acquisitions. He knows how to be a selfless business owner, and it was shown by taking himself off the company payroll for the welfare of his employees. He continued to improve his skill on how to look ahead, as it also helped the advancement of his career.
- If I were Clancy, I would not sell SMT to anybody at first. Clancy showed all the time that any entrepreneur could maximize profit in varying situations without sacrificing labor. Secondly, Clancy realized that his employees have stepped up – which made a crucial turn in the progress of SMT. If I were a business entrepreneur like Clancy, I would take a chance on my employees’ continued progress. Getting to know your workforce in hand is always a determinant in cutting/raising company budget, so it is important to build a committed workforce around a company.