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After more than 40 years of focus on a single related technology platform, XYZ Corp. had begun trying to foster an entrepreneurial climate within the organization. Its goal? To develop vibrant new ventures through a program called Growing Green Businesses. As XYZ's main product lines were becoming commoditized and several billion dollars in
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- Set UP Develop a strategic entrepreneurship plan to help a company decide whether to take a build, buy, and/or partner approach. To understand the background and parameters of the project, read this email from your supervisor: TO: Strategy TeamDATE: November 1, YYYYSENDER: [email address of supervisor]SUBJECT: Strategic Entrepreneurship Plan Our company experienced exceptional growth last year, yet we feel that there is a need to increase our capabilities to achieve our growth targets this year and in the future. As our lead strategist, could you analyze our company’s current capabilities and determine if we should take a build, buy, or partner approach to increase our capabilities? As you consider our current capabilities, please look at who we currently partner with, recent acquisitions, and innovations in the company. Then propose a plan for how to best meet the growth plans that leadership has established. This strategic entrepreneurship plan will help be invaluable for…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…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.
- 1. You are required to propose a new mission statement for the organization based on 9 components of mission statement :(1) customers; (2)products and/or services; (3) markets; (4) technology; (5)survival, growth, and profitability; (6) philosophy; (7) selfconcept; (8) public image; and (9) employees. 1.Customers - Who are the firm’s customers? 2.products or services - What are the firm’s major products or services? 3.markets - Geographically, where does the firm compete? 4.technology - Is the firm technologically current? 5.concern for survival/growth/profits - Is the firm committed to growth and financial soundness? 6.philosophy - What are the basic beliefs, values, aspirations, and ethical priorities of the firm? 7.self-concept - What is the firm’s major competitive advantage? 8.concern for public image - Is the firm responsive to social, community, and environmental concerns? 9.concern for employees - Are employees a valuable asset of the firm? 2. Quality of the writing of the…What are you to do as a budding entrepreneur in the following situations? 1. Iverson loves arts and crafts. With this in mind, he is contemplating doing a business out of his hobby and skills. What are some of the risks that he has to face? Give 1-2 examples 2. In their family business, Carla takes charge of getting more sales for the company and providing excellent customer service. One time, a new customer argued via private message, saying that she did not like how the sauce of the marinara was too sour for their family’s liking and added they prefer a sweeter one. How does Carla respond? 3. Jaymee and Jewelle saw an opportunity this pandemic to create DIY phone cases and introduce them via online means. What are some things you could do to make your product What are some things you could do to make your product become salable.? Give 1-2 examplesA)What are the skills needed for an Entrepreneur to minimize the Risk in this modern world? B)What is the difference between Gordon method and Brainstorming? C)What are the important factors that an Entrepreneur should keep in mind when conducting business activities across national boundaries? D)What are the methods of generating new ideas? Explain why criticism is not allowed during group Brainstorming activity?
- 1. What is the best advice Tristan ever received? 2. What advice Tristan wants to give to other entrepreneurs? 3. How Tristan comes up with best ideas?I need the answers to these questions for the Entrepreneurship and Innovation course.... 7- Technological spillover is a positive externality from R&D resulting from the spread of knowledge across organizational or regional boundaries. a. True b. False 4- Erison Group, an advertising company, wants to hire a creative head. Who among the following would be best suited for this position? a. An individual who completely adheres to the existing logic and paradigms and has extensive knowledge of the field b. An individual who has low tolerance for ambiguity and avoids taking risks c. An individual who has a moderate degree of knowledge of the field but is intrinsically motivated d. An individual who prefers to look at problems in conventional waysYour Goal: Weigh the benefits and costs of the company’s current cooperative strategy, determine if it increases company profitability, and propose recommendations for improving the strategy. Step 1: Choose one case from these options 1.Pacific Drilling: The Preferred Offshore Driller 2.MatchMove Business Model Evolution Step 2: Analyze the case. Identify the frameworks, tools, and resources that will help you gain a thorough understanding of the current state of the company and the challenges they face. Step 3: Synthesize your findings and propose solutions in a report. Your report should include the following: The main points of the case: Briefly summarize the case you chose to analyze. A summary of your analysis with evidence: Include the results of any analysis you conducted, including external analysis, internal analysis, PEST and SWOT analyses, etc. Summarize strengths, weaknesses, and threats for the company. Strategy: Identify three to four recommendations that address the…
- Emphasis on distinctive competencies, writing a business plan, and choosing an industry in which to compete, are some of the basic strategic challenges for entrepreneurial organizations. True False please explainLooking 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)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…