1) a. There is a new University built in your area. Write down six (6) opportunities you can take as an Entrepreneur to serve this University community to generate impressive wealth. b. Choose one of those opportunities you have identified in (1a) and write a business plan as an Entrepreneur for financial support from an investor. 2) Nana Kwame agrees with his Entrepreneurship Lecturer that no business can stand the test of competition without being innovative, hence the need for employees to be intrapreneurs. Discuss intrapreneurship and explain five (5) probable reasons for the need of intrapreneurship in Ghanaian work places.
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- What kinds of strategies might: (a) a small pizza place operating in a crowded college market, and (b) a detergent manufacturer seeking to unveil new products in an established market use to strengthen their business models?12. Develop a strategy for a new venture. a. What entry wedges, major and minor, will you use? b. How will you attempt to collect and appropriate rents? c. What industry environment are you entering? How will this environment influence your strategy? d. Apply the four tests to your strategy. What questions do they raise? How would you answer these questions if they were posed by a banker or venture capitalist?1. Why do business plan important in a business? Does it have a contribution to the country and community? How? 2. If given the chance to own a business of your own, what kind of business and why?
- 14-In SWOT analysis, which of the following will you write in the strengths?. a. the future growth chances available for the business b. the expertise and resources available in the business c. lack of competitors d. All the options are correctSenn Delaney Case Study Questions Read the Case: Senn Delaney: An Entrepreneurial Exit In the Consulting IndustryLinks to an external site., and then answer the following questions: What are the strengths and weaknesses of Senn Delaney’s revised business model? What are the requirements Senn Delaney should deem non-negotiable in their exit transaction? Why? What non-financial issues might be critical in this type of environment? Why? What type of exit makes the most sense, given the nature of the firm? Why? What risks does the firm face because of each exit strategy? Is this the same decision you think the people involved would make? Why? How might you effectively grow and scale a consulting business without compromising the quality and culture of the firm?1. Conduct a SWOT analysis of Sandals Resorts International 2. Has Sandals Resorts International been able to develop strong relationships with its customers. If so how? 3. Identify a local competitor in your country and discuss their advantages and limitations with respect to their products offerings. 4. Make recommendations for a local competitor to be able to combat the efforts of Sandals Resorts International
- Linda Henricks is thinking about starting a firm in the home health-care provider industry. When asked by a potential investor if she had studied the industry, Lind replied, “With the aging of the population and the fact that people are living longerthan ever, the home health-care provider industry is so full of potential it doesn’trequire formal analysis.” In what ways will Linda limit her possibilities with the potential investor if her current attitude about the importance of industry analysisdoesn’t change?Which medtech business strategy— first mover, fast follower, me-too, niche strategy, or distribution strategy—seems most appropriate in the following situations: 1. The competitor has beaten you to market with a technology that you believe you can make better with expanded features 2. All other competitors are trying to address the mass market, but interesting untapped segments remain unaddressed. 3. Although the competition’s technology has some novel features, the depth of your bundled multiple product offerings will make it very difficult for them to penetrate 4. You have limited R&D expertise, but know enough to reverse-engineer well and you believe no strong IP exists to prevent you from entering the market 5. There seems to be no competition in a large field for the product segment. A. Me-too B. Niche strategy C. Distribution strategy D. Fast follower E. First mover11. As an entrepreneur, Mr. Abdullah has always hoped to expand his business to many countries in the world, among which is South Korea. Before making a decision to invest, what are the factors/conditions that Mr. Abdullah need to consider about South Korea? Discuss.
- List and clearly label at least 2 factors for each category (2 strengths, 2 weaknesses, 2 opportunities, 2 threats). If you were looking to open a McDonald's franchise outside the U.S., where would it be? Why? Rationalize your decision and support it with data about your location and about assessing global expansion opportunities.Mini-Case: Taking CleanSoaps to the next level…… The bigger and stronger the competition is, the better an entrepreneur’s marketing strategy needs to be. That being the case, Sharon John and Jill Scott may need your help with a marketing strategy. Sharon and Jill have started a business which breaks into the $150 million laundry detergent market, competing directly with the likes of Procter & Gamble, P&G, an American multinational consumer goods company headquartered in downtown Cincinnati, Ohio, United Stated formed in 1837 by William Procter and James Gamble. It is a Global manufacturing, distribution and marketing company focusing on providing branded products with superior quality and value. They started their business by making and selling only soaps & candles but then the company provided over 300 brands reaching consumers in about 140 countries. Since 2000 their sales had grown more than 40% & profit had more than doubled. They have acquired many products brands…Mini-Case: Taking CleanSoaps to the next level…… The bigger and stronger the competition is, the better an entrepreneur’s marketing strategy needs to be. That being the case, Sharon John and Jill Scott may need your help with a marketing strategy. Sharon and Jill have started a business which breaks into the $150 million laundry detergent market, competing directly with the likes of Procter & Gamble, P&G, an American multinational consumer goods company headquartered in downtown Cincinnati, Ohio, United Stated formed in 1837 by William Procter and James Gamble. It is a Global manufacturing, distribution and marketing company focusing on providing branded products with superior quality and value. They started their business by making and selling only soaps & candles but then the company provided over 300 brands reaching consumers in about 140 countries. Since 2000 their sales had grown more than 40% & profit had more than doubled. They have acquired many products brands…