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Entrepreneurship and Innovative Business Development
Discussion board # 1
Initial post:
Includes one substantive initial post using at least two scholarly or professional references with accompanying in-text citations to support any paraphrased, summarized, or quoted material.
initial post should be at least 350 words.
Includes an open-ended, thought-provoking question posed to classmates.
Part I: Refer back to the material for Unit II, do you believe you have a fixed mindset or a growth mindset? Provide an example that supports your identified mindset. What additional actions could you take to develop or further enhance a growth mindset?
Part II: Describe the business model for a product you recently purchased. Do you believe this is the best business model for the organization? Why, or why not? Is there a different business model that you could recommend that is more innovative?
Response posts:
Includes at least two substantive responses that each include at least 1 scholarly, professional, or textbook reference with accompanying in-text-citation to support any paraphrased, summarized, or quoted material.
responses should be at least 200 words.
Respond to post (N.O)
Part I:
Throughout my academic journey, I have fostered a growth mindset that has enabled me to constantly challenge myself and seek inspiration from others (Neck et al., 2019). I am driven by a deep desire to learn, grow and achieve more. As an example, besides being enrolled in this doctoral program, I am also participating in a professional supervisor program and several project management certification training programs at work. I am always eager to expand my knowledge and skills, and I find the process of learning to be truly invigorating. My mind is constantly seeking new challenges and opportunities for growth.
Aside from my academic pursuits, I could also apply my growth mindset to other areas of my life, such as my career. Until now, I have only been pursuing additional training and academic credentials for personal growth. However, it may be worth exploring opportunities to expand my career prospects now that I have acquired additional skills. Throughout my professional journey, I have often found myself reluctant to venture beyond my comfort zone. The fear of failure has been a constant hindrance, preventing me from taking risks and exploring new opportunities. However, if I expand my growth mindset, I may be able to overcome this fear. As Neck et al. (2019) suggest, embracing a growth mindset is essential for achieving long-term success and fulfillment in life.
Part II:
I recently acquired the MitoRedLight Therapy Belt. Red light therapy has several benefits, such as improving cellular energy production, reducing pain and inflammation, stimulating wound healing, and improving physical performance, sleep, and joint health (Dutra et al., 2022). It is also effective in improving deep tissues like muscles and joints soreness and reducing aging (Dutra et al., 2022). At the outset of my search for a red light therapy belt, I was taken aback by the sheer number of options available in the market. Amazon alone had several products from various manufacturers. Many of these seemed indistinguishable in terms of packaging, advertising, and features. This made my search a little more difficult, so I turned to what I always turn to TikTok. Once I got on TikTok, I was immediately flooded with influencers and regular people raving about the MitoRedLight brand. Enthralled by the tales of the Mito brand's excellence and advantages, I felt compelled to delve deeper. I navigated to their website to explore and investigate all the information provided firsthand.
MitoRedLight's business model is clearly defined and stands out as a top-tier provider in the industry of red light therapy devices. From the moment I landed on their website, I was impressed by their value proposition and target market, which centers around promoting customer wellness and health (Neck et al., 2019). What sets Mito apart from the competition is its commitment to using scientifically-backed research to inform the development of its devices. Additionally, the quality of their products is ensured through rigorous independent diagnostics testing.
Mito has developed a successful infrastructure to support the creation and delivery of its devices (Neck et al., 2019). They have effectively utilized social media platforms like TikTok and Instagram, as well as partnering with health and sports professionals to promote their products. Moreover, Mito's products have received recommendations from several medical professionals worldwide.
Mito's business model has proven to be highly effective, leading to the organization's remarkable success. It is apparent that the strategies implemented by Mito have been carefully thought out and executed with precision, resulting in a model that is both efficient and profitable.
Question to my classmates: Have you noticed a shift in your mindset from a growth to a fixed mindset or vice versa as you've gotten older?
