Exercise 4: Directions: List down ten (10) business ideas you wanted to venture if given the chance to be an Entrepreneur someday. 6. 1. 7. 2. 3. 8. 4. 9. 5. 10. ck for Understanding in
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- 1. Ibrahim argues, that the skills needed to run a small company are not different from those required to run a larger firm. Do you agree with Ibrahim? If not, then justify your answer. 2. Crowdsourcing is a way of solving problems and producing things by connecting online with people that you otherwise would not know. How would organisations utilise this concept? 3. A business model is a description of how a company intends to create value in the marketplace. Elaborate/explain this statement. 4. What are the barriers to communicate an opportunity? How would you then overcome this?Assume that you are planning to start a new business Clarify 1-why you choose this business idea 2-what is the opportunity you found in the market to spot this opportunity?3-What the discovery skills you used to find business idea?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 examples
- read Experimenting in the Entrepreneurial Venture Links to an external site. (2. Essential Reading, pgs. 3-19) from the Harvard Business Publishing Coursepack. Once you’ve completed the material, take the reading quiz. This is an open-book quiz. As you read the reading assignment and take the quiz, pay close attention to the material and how it relates to your perspective as an entrepreneur. Class discussions will be held on this reading, and the policy in this class is that only those who have done the reading can interact during the group reading discussions. A Product-market fit is achieved when Group of answer choices some customers buy the product. the team builds a product to fit the needs of customers. the product offering profitably meets target customers’ needs. the business starts scaling. B .Which of the following is NOT part of the lean startup philosophy? Group of answer choices Rapid iteration Small batches Cross-functional teams Short cycle times C.The…According to the material presented in the book, which of the following is typically not part of a pitch (choose all that apply): a.Financing needs b. Regulatory strategy c. Management team d. Overview of the business e. Clinical strategy f. Intellectual property strategy g. Commercialization approach h. Description of quality management systems i. Overview of all concepts investigated j. Clinical need k. Reimbursement strategy l. Product/service overviewEnterprise refers to an object which means a. Company b. Firm c. Business d. All of the given options The largest source for new ideas is the entrepreneur own a. Hobbies b. Interests c. Research and Development d. Personal experience Which of the following is NOT true about an Entrepreneur? a. Wants to work under others b. Looks for high achievements c. Has skill for creativity and innovation d. Takes Initiative
- 1. What characteristics or benchmarks can be used to assess the business value of a company such as Twitter? 2. Have you used Twitter to communicate with friends or family? What are your thoughts on this service? 3. What are Twitter’s most important assets? 4. Which methods for monetising Twitter’s assets might be most successful? 5. Can Elon Musk, who recently bought Twitter, turn it around and make Twitter profitable? How?Ensure your Word document addresses the following requirements: References. You must use at least two (2) references (in total) to support your responses. Harvard or APA 7th edition referencing method.Please no written by hand and no emage Watch the short video from the link below read the information below the link and share your comments about franchises as family-owned businesses? Franchise Economy(Links to an external site.) Links to an external site. Family-owned businesses are the original mom-and-pops of Main Street, and they're feeling optimistic in the new year, according to new data. Pricewaterhouse Cooper's "US Family Business" survey finds family businesses are feeling upbeat on growth projections, as 79 percent of respondents expect "steady growth" in the next five years. What's more, 70 percent reported revenue growth in the past year, according to the survey released Tuesday. This sunny outlook is also in line with the National Federation of Independent Business' optimism index for December, which broke 100 for the first time since October 2006. PwC's survey was conducted among 154 family-owned and operated U.S. businesses across industries from manufacturing to…1.Why do you think it is important for an entrepreneur to be a risk taker & innovator. 2.Aside from bceing risk-talker and innovator what do you think are qualities needed for an entrepreneur to become successful (Provide atleast 5 )explain why 9.Provide atleast five (5) challenges that Entrepreneurs is general is facing now.what do you think is/are the solutions/on each challenges?
- hi there tutors! im here to cure my doubts. i hv 2 big questions to ask here. please help solve. Required: 1. State & explain 2 costs and 2 benefits of being an entrepreneur. What are the 2 main industries in the country Malaysia? Discuss 5 ways to avoid business failure. 2. Discuss 5 components of competitive advantage. List the 4 elements when entrepreneurs translate strategic plans into action plans. Describe 3 ways how a vision statement can help a company. Thats all, tutor, i hope for a clear, precise & easy-to-understand explanations. (non-plagiarized answers) Thanks tutor!Krispy Kreme Doughnuts, Inc., 2015 www.krispykreme.com, KKd Copyright by Fred David Books LLC. www.strategyclub.com (Written by Forest R. David). Based on the given case above, you are required: 1. 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) self-concept; (8) public image; and (9) employees. (10) Component Legend is provided 2. Quality of the writing of the proposed mission statement.Innovations are not likely to be successful unless they are backed by a(n) a. idea champion. b. entire organization. c. in-house venture. d. All of these choices e. top-level manager.