Boba Business Strategy Case Study Paper To prepare for this Discussion, review the video case study featuring Walden alumnus Eric Barton and his organizati

Boba Business Strategy Case Study Paper To prepare for this Discussion, review the video case study featuring Walden alumnus Eric Barton and his organization BOBA, and consider his thoughts on the development of a business strategy and the role that innovation plays in doing so. Further, consider the potential implications of adapting innovative business ideas like BOBA in different countries and industries throughout the world. As a global change agent, be sure to utilize scholarly, peer-reviewed resources from the to support your research.

Post an analysis of the role of innovation in business strategy development within a global context. Your analysis should include the following:

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A description of BOBA’s innovation, including the underlying strategy and specific context for its current success
An analysis of the impact of geographic location and surrounding business communities on innovation and strategy development
As a global change agent, explain the importance of researching global implementation of innovative business ideas or strategies from the research literature. Be sure to include relevant scholarly examples of successful or unsuccessful global implementations and how they can further influence the understanding of innovation as a component of business strategy.

Be sure to support your work with a minimum of two specific citations from this week’s Learning Resources and at least one additional scholarly source.

If the video wont play click on the second attachment for the transcript. Business Strategy and Innovation: Introduction to BOBA
Business Strategy and Innovation: Introduction to BOBA
Program Transcript
[MUSIC PLAYING]
MALE SPEAKER: Walden University alumnus Eric W. Barton is an entrepreneur
and international business leader with more than a decade of experience in
establishing and managing successful multimillion dollar companies throughout
the United States, Africa, Europe, Asia, and the Middle East. He currently owns
and manages 28 world-reaching financially solvent entities and has employed
more than 11,000 people over the past decade. In this case study, Eric will share
with you the importance of establishing a well-structured strategy whenever
building a new business and how he incorporated business strategies into his
newest entrepreneurial venture. Business Owners Benefits Association, or
BOBA.
ERIC W. BARTON: In 2007 and 2008, when the global economy was in crisis,
my small business here in the United States felt the financial impact, as did many
others in my community. I knew that I didn’t just want to ensure the success of
my own business. I also wanted to help other small businesses thrive since they
are the heartbeat of the US economy.
I, along with my management team and staff, invested eight years of heavy
research, spent countless hours talking to small business owners about their
needs and what would help them flourish. And we pinpointed the areas in which
we could truly make a positive social change impact and still profit from it. From
this, Business Owners Benefits Association, or BOBA, was born.
BOBA is a national association committed to offering solutions to entrepreneurs
and small business owners who are interested in controlling or reducing the costs
associated with operating their business or organization. Essentially, through the
power of membership, BOBA becomes a single-source provider for its members,
delivering time and cost savings opportunities while eliminating the need to have
multiple contracts for the many products and services required to operate a small
business.
As an example, as a BOBA member, a flower shop owner can purchase fuel at a
reduced cost rather than going to the pump and paying retail for each of his or
her four delivery trucks. We can evaluate their insurance needs and provide them
with options that may result in cost savings and risk reductions. We also monitor,
at no cost, their partial deliveries from different suppliers and file claims for
refunds for late shipments. In addition, we create HR policies and procedures to
ensure compliance with state and local regulations.
Until BOBA, there has not been a single solution for small business owners to
turn to for cost savings and risk management. In providing these solutions we are
© 2016 Laureate Education, Inc.
1
Business Strategy and Innovation: Introduction to BOBA
able to bring to life the company’s motto– of the dream of one, the buying power
of many.
What BOBA does for the small business owner is we provide a single source to,
one, be a business advisor to come alongside the business owner. From the top
down, we are business owners. We face a lot of the same challenges. And we
have really worked hard to help our associate members understand their
markets.
We look at things like insurance and risk reduction. The small business owner
that’s out there at a flower shop or in a restaurant, they may not have the time to
really look at insurance. And for that matter, a lot of insurance producers and
brokers really don’t spend the time to truly analyze where the small business
owner is and where there are gaps and what they need. And so what we do is we
provide and we focus on being advisors first. We don’t ask small businesses to
spend money that they’re not already spending in the marketplace.
So if you are using credit cards, if you have insurance requirements, if you’re
getting package delivery, you have HR and payroll services, you’re buying fuel,
those type of services are things that we want to come alongside you, evaluate
your needs, and if nothing else, make sure you’re fully understanding where your
risks are, what your costs are today, and what the future cost could be.
For BOBA, we want to make sure that you are getting the best competitive price
and that you are truly understanding where you could be if we all, again, come
together as business owners and small business owners, in particular, and buy
our goods and services wholesale. It’s very similar to what large businesses do
because, as a small business owner, you understand that if you make a mistake,
it can be devastating to your business.
Time and time again, we come to a small business owner’s place of business, we
talk to he or she about what they’re doing, what are the requirements, and we
find out that, in a lot of cases, they don’t have the proper insurance or they don’t
have the time to really look at the regulatory and compliance issues facing their
industry.
And so those are the things we help out with by taking time and spending time
with small business owners because we’ve been there. We are there today. Our
ownership and our management understand what you need and what you’re
facing.
[MUSIC PLAYING]
© 2016 Laureate Education, Inc.
2
Business Strategy and Innovation: Introduction to BOBA
Business Strategy and Innovation: Introduction to BOBA
Additional Content Attribution
FOOTAGE:
BenEricPromotion
Photo used by permission of Dr. Eric Barton.
Eric_in_Dubai
Photo used by permission of Dr. Eric Barton. Retrieved from
Eric_in_Dubai
EricPinningOnPromotion
Photo used by permission of Dr. Eric Barton.
100_0538
Photo used by permission of Dr. Eric Barton.
IMG_1603
Photo used by permission of Dr. Eric Barton. Retrieved from
www.govanquish.com
BOBA Logo_193 PMI_RGB_300.dpi
Photo used by permission of Dr. Eric Barton. Retrieved from www.whyboba.com
100_0887
Photo used by permission of Dr. Eric Barton. Retrieved from
100_0887
Eric at Vanquish office (2)
Photo used by permission of Dr. Eric Barton. Retrieved from
www.govanquish.com
Eric at Vanquish office
Photo used by permission of Dr. Eric Barton. Retrieved from
www.govanquish.com
DSC_0244
Photo used by permission of Dr. Eric Barton. Retrieved from www.whyboba.com
© 2016 Laureate Education, Inc.
3

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