a) Outline a stress test approach that you would undertake to evaluate a business concept b) Luke and Olivia have decided that they would launch a business. Describe two (2) problems or challenges that they would face and suggest strategies they can utilize to ensure the success of this new business enterprise.
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a) Outline a stress test approach that you would undertake to evaluate a business concept
b) Luke and Olivia have decided that they would launch a business. Describe two (2) problems or
challenges that they would face and suggest strategies they can utilize to ensure the success of this new business enterprise.
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- Meet with your group and discuss a new business venture that can save our environment. It canbe any business that can sustain within & after COVID19.Business Model Canvas 1. Introduction: Define your new business venture, either it is goods or services. Brieflyintroduce why and what motivates you to choose the business?2. BMC: Develop a Business Model Canvas for your business. Explain briefly every 9 keyelements of your BMCGoal & organization Chart 3. Goal: Formulate a specific goal for long, intermediate and short term of your newbusiness venture? Then develop strategy and a hierarchy of plans involving thesecomponents (strategic, tactical, operational and contingency planning).4. Organization Chart: Draw a sample of organizational chart for your business venture. Itshould include job titles, short description and purpose.Marketing Strategy 5. Define factors that determine your marketing strategy (at least 3).6. Develop a marketing plan for your business venture. Your…Looking at our discussion on creative mind, innovation, risk taking etc... what new feature or component can you add to an umbrella/Payong? and why? (must be innovative, creative, relevant, feasible, new) (hehehe, explain why, 1, feature/component, justification.) * It is said that entrepreneurial development is significantly linked with the environment. Do you agree? Y/N? and why? ( 3 sentence max.,) McClelland, introduced the theory of need of achievement, believing that entrepreneurs should have adequate capacity of imaginations, thinking and developing new combinations, and the desire for high achievement. Explain your thoughts on this theory. ( Min. 3 sentence, max. 5)The success of a company depends on how creativity and innovative the managers are and their ability to implement a business growth strategy that moves the organisation into a forward momentum outpacing the rivals in the business arena. It is now entrepreneurial lore that creativity and innovation is a must have trait for any corporate leader. However, there are many factors that hinder creativity and innovation. The success of a company can only be attained when these factors are overcome. Discuss the factors that hinder creativity and innovation and how they can be overcome.
- Answer the following questions after reading the case study given at the end. 1. What type of entrepreneur was Mr. Shahid? 2. Which entrepreneurial characteristics does Mr. Shahid have that may be important to his success? 3. Which characteristics could lead to Mr. Shahid’s failure? 4. What steps should Bill take to avoid the pitfalls common to a small business? Case Study: Mr. Shahid was a real craftsman when it came to being a machinist. Mr. Shahid had learned almost all that he knew from Daud, his first and only employer. Mr. Shahid was married and had three young children. He was 33 years old and had worked for Daud ever since he finished his tour in the Army. In 12 years, Mr. Shahid had polished his skills under the watchful and critical eye of Daud. Daud was quick to recognize Mr. Shahid's talent for the trade. Mr. Shahid had a positive attitude about learning and displayed a drive for perfection that Daud admired. Daud's Machine Shop was a successful small…You and a partner plan to start a business. You want to schedule a time to sit down together and develop a business plan. Your partner says, “What’s the point? We both know what we want to do, so I think we can skip the formal plan.” How would you explain the importance of developing an organizing a business plan to your partner? And how would you convey the significance of a vision, a mission statement, and goal-setting as it relates to your business plan?Entrepreneurial change*THE COMPANY IS BLOCKBUSTER *Create a 5 slide Microsoft® PowerPoint® presentation, with detailed speaker’s notes, on your innovative strategic plan to move the organization back to innovative vitality.Present two innovative solutions that the organization can use to solve its current downfall.Address the following in your presentation:A comprehensive description of the proposed innovation strategy, that includes:Details on the process for changeKey players within the organizationThe most critical market impactTechnology acquisition plansCurrent competition profilesAn analysis of leadership within the organization and its ongoing role in innovation moving forward.Short-term goals (e.g. cultural change toward innovation, market entry, organization re-vitalization) and long-term goals (strategies for global presence, long-range innovation) for innovative change.Format your presentation consistent with APA…
- Case Krispy Kreme Doughnuts Inc 2015 Based on the given case above, you are required to read the case and : 1. Propose a new mission statement for the organization based on 9 components of mission statement: 1.Customer 2. Product/ service 3. Market 4. Technology 5. Concern for survival, profitability and growth 6. Philosophy 7. Selfconcept 8. Concern for public images 9. Concern for employees 10. Component Legend is provided 2. Quality of the writing of the proposed mission statement and explainMonica shared with us a little about life at Folkhälsan before the Balanced Scorecard, the difficulties and successes the nonprofit has had with strategic planning, the unique challenges a healthcare organization may face when handling performance management, and best practices you can put in place for your scorecard rollout. About Folkhälsan Folkhälsan, a nongovernmental organization in the social and healthcare sector, was founded in 1921. Today, Folkhälsan has approximately 1,500 employees and 19,000 members in its local association. The organization has five primary divisions : Folkhälsan Foundation: This division has the responsibility of coordinating operations for the entire organization, including asset management, construction projects, development work, staff administration, property management, and IT functions. Folkhälsan Sports Education : This division includes sports leaders, massage therapists, personal trainers, and more. Folkhälsan Association : This division is in…Khursheed Anwar is 19 years old. He has great interest in IT – computer hardware and software, internet, programming languages, and the like. He wants to live a very successful life. His elder cousin, who is studying BBA, has asked him to craft a compelling personal vision as a first step to live a successful life. Khursheed drafted this personal vision: “After 10 years, I want to establish my own advertising company having a large client base, operate a successful travel agency, and run an exclusive boutique for upper-class clients.” He made several goals as per the advice of his “guru cousin.” His cousin had advised him to make goals SMART. He decided to get admission in a leading institute to study ACCA. Another goal that he made is to start learning guitar to impress and entertain relatives and friends in gatherings. He did SWOT analysis as per his cousin’s advice and in the strength quadrant he had listed computing, programming and physics. What is/are the actual problem/s of…
- Compare and contrast the strategic leadership of Mark Zuckerberg and Sheryl Sandberg (who stepped down as Meta’s COO in 2022, while remaining on the board of directors). Which qualities of each strategic leader stand out to you, and why? Where would you place each individual on the Level-5 pyramid for strategic leaders (see Exhibit 2.2), and why? Is either of them an effective strategic leader? Explain your answers.businesses may need to adapt to changing times in order to stay competitive. Their initial practices may have worked well previously, but may not serve them well in the long term. The newspaper industry is one that may face extinction. Explain why they may need to rethink their business strategy, and provide some advice on possible strategic management changes. Be specific to include goals/objects, strengths, and weaknesses.What actions should the executive take to correct the problems at Conifer Corp? What symptoms are identified that something has gone wrong at Conifer Corp?
