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Homework answers / question archive / 1)Discuss the risks that Matt Maloney and Mike Evans took when they joined forces to start Grub hub

1)Discuss the risks that Matt Maloney and Mike Evans took when they joined forces to start Grub hub

Business

1)Discuss the risks that Matt Maloney and Mike Evans took when they joined forces to start Grub hub.

 

 

 

 

 

 

 

 

 

 

 

 

 

2. Which of the five business environments are the most relevant for Grubhub? And Why?

 

 

 

3. What are the risks and benefits of becoming an entrepreneur as opposed to working for others? Discuss what GrubHub can do to keep growing their business.

 

 

 

 

4. What is the major challenge presented by Amazon and Uber to Grubhub’s business?

 

 

 

 

 

 

5. Does the restaurant industry seem like a stable option for aspiring entrepreneurs to pursue?

 

ANS: In the years since its founding, Grubhub has had a tremendous impact on the restaurant industry and has been very profitable. For example, the company was responsible for $3 billion in restaurant food sales in 2016. Further research showed that revenue growth in restaurants that used the firm's platform was six times greater than restaurants that didn't use it. So following in the research in my opinion, the restaurant industry does seem like a stable option for aspiring entrepreneurs to pursue, but just like any business you need to work hard to make it work.

 

 

 

 

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