Trump Entrepreneurial Initiative Research Paper

Trump Entrepreneurial Initiative - Research Paper Example TEI started in 2005 as Trump University and changed in 2010 to its new name. It offers programs to develop next generation entrepreneurs, innovators and business builders. However, it is involved in a battle in courts with New York State Attorney General Mr. Schneiderman over impropriety of $40 million from 5,000 consumers for promise of success in entrepreneurial activities. It PEST environment shows a number of challenges and opportunities the organization has in its pursuit of its mission and vision to entrepreneurs. The code of ethics outlines that employees have to be honest and true to their work. The management of plan of the organization is working with Donald Trump at the top, followed by the CEO and other executives. However, there is a lot to be done in terms of reorganizing the organization to become more functionally effective and efficient. This will also see the organization clear its reputation and maintain a standardized brand. TEI focuses on offering education through four major categories: Entrepreneurship, Wealth Creation, real Estate and Management. Every topic amongst these is taught via a variety of mediums like home study kits, online courses, and via live retreats/seminars. It charges a fee ranging amid $1,500 and$35,000.TEI is a program that is yet to be accredited, meaning you won’t really get an actual college credits or degree upon completion. The entire courses and products offered at TEI are supported by satisfaction guarantee of Trump. If for any given reason you end up un-satisfied with your education, you are allowed 30 days to claim a complete money back refund, and nonetheless, you must be in a position to return every part of your materials. Â  On the August 24th, 2013, the attorney general of New York Mr. Eric Schneiderman sued Mr. Donald Trump for US $40 million, by stating the mogul of real estate assisted run a fake "Trump University" which promised to make students wealthy b ut instead guided them into expensive as well as mostly useless retreats/seminars, and even was unsuccessful in delivering promised apprenticeships. In his response, Donald Trump refuted the allegations, terming the New York Attorney general as a political hack who is looking for publicity as he claimed the school has received a 98% approval rating from its students (Thomas 1). According to the editorial board of New York Times Mr. Schneiderman’s suit provides compelling evidence to believe the existence of a bait-and-switch scheme. It is can be deduced from the ongoing that Donald Trump was involved in unethical practice and did not deliver as required even though he claims otherwise. This can be explained by the fact that he is facing consumers of the products and services of Trump University and is one of an escalating number of for-profit colleges that have seen a handful of personal, class action as well as government suits against them. In a nutshell the greatest promis e of TEI is Trump’s satisfaction guarantee. However, as a distinguished real estate and media mogul Trump is also targeted politically by those looking for political favors and contribution to achieve their political ambitions. This is visible when the relationship and meeting of the Trumps and TEI’