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The choice of the firm was on the based on the fact that these were first generation young
entrepreneurs whom we could relate to and also because of the novelty of the idea.
Progress:
1. Decided to choose the firm Wicked Ride. It sounded like an interesting firm to us since all of us
are bikes enthusiasts and are interested in the automobile sector
2. Understood the business model
3. Interaction over call with the co-founder about the nature of the firm and its history
4. Understanding the support functions like regulations, licensing , insurance
Roadmap:
The following factors will be considered in the next phase of the project:
1. Employee perspective:
a. Factors/personality traits considered while recruiting an individual-passion vs talent
b. Team formulation(multi-cultural teams)/team development activities, if any
c. Appraisal systems/promotion systems
d. Training sessions
e. Attrition reasons, if any/Retention reason, if any
f. Extent of involvement of employees in decision making and their contribution
2. Owners:
a. Pygmalion effect(power of positive expectations) motivation
b. Discuss negotiation strategy with government and investors
c. Decision making-strategic/intuitive
d. Values the firm associates itself with. Projection of values from leadership to employees
to customers
e. Challenges encountered
f. Constructive resolution of disagreement
g. Dealing with good/poor performers
The Roadsters