Savage Beast

Importance of a good Elevator Pitch – While persistence and ingenuity were also important factors in getting Savage Beast's initial investment, the investor decided to invest after only ten minutes. This implies that Savage Beast had a strong elevator pitch that was both informative enough and interesting enough to hook an investor. 2. Defined roles – When everybody know what their role in the company entails, it akes for a well-oiled machine.When everybody has a Job to do and everybody is open and understanding of the Job decisions get made that are in the best interests of the company. 3. Sustainable plans – There are a lot of good ideas, but in order to be a successful company these ideas have to have long term footing. Without growth, the company will fail. For instance, if there is a music tool with a small music library, no one will invest. 4. Corporate decisions – It is important for everyone in upper management to be on the same page and to agree o n company decisions.When the ounders of a company are not in agreement the entire company suffers. In this case, I think one of them leaving was a good decision. 5. Redirection – Taking a step back and reassessing goals and options can be a huge turn around for a struggling company. There is no shame in stopping one failing strategy as long as the new strategy has purpose and direction. Section C – Discussion Questions 1 . Where exactly did Savage Beast go wrong? There was timing issues (the dot com crash), unsustainable goals, and corporate dissonance, but which were causes and which were effects?