Give one example each of sources of ideas for entrepreneurial ventures. *Give one example of "From the Product" *Give one example of "From the Process" *Give one example of "From the Person" *Give one example of "From the Relationships"

Give one example each of sources of ideas for entrepreneurial ventures. Give one example of "From the Product" Give one example of "From the Process" Give one example of "From the Person" Give one example of "From the Relationships"

Foundations of Business (MindTap Course List)

6th Edition

ISBN:9781337386920

Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Chapter4: Choosing A Form Of Business Ownership

Section: Chapter Questions

Problem 6DQ

See similar textbooks

Similar questions

Give one example of Sources of ideas for entrepreneurial ventures. 1.Give example of "From the product" 2.Give example of"From the process" 3.Give example of"From the person" 4.Give example of"From the Relationships"
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 ways
CASE 2: SURVEY FEEDBACK AND PLANNED CHANGE AT HEALTH SOLUTIONS Health Solutions ( www.cambiahealth.com) is a nonprofit total health solutions company dedicated to transforming the way people experience the health care system. Located in the Pacific Northwest and intermountain region of the United States, Cambia's portfolio of companies spans health care information technology and software development; retail health care; health insurance plans; pharmacy benefit management; life, disability, dental, vision, and other lines of protection; alternative solutions to health care access; and freestanding health and wellness solutions. The largest business in the portfolio is Regence Health, a health insurance plan associated with the Blue Cross and Blue Shield brands. Regence Health is over 90 years old and operates in Washington, Oregon, Idaho, and Utah. To support this increasingly broad portfolio, had restructured itself into two divisions: Regence Insurance Holding Company and Direct…
Overview Modern corporations realize that in order to remain competitive, they need to innovate. In class, you’ve discussed several barriers to innovation and possible ways to overcome those barriers. In this activity, you will take the things you have learned and ponder ways to help a struggling company develop a more innovative culture. Instructions Read the article "Easy Ways to Innovate in Business."Links to an external site. Write a 1-2 page initiative for Carol’s company (from the article) that you feel will help establish a more innovative culture. (Initiatives are specific projects or programs undertaken to achieve a goal or strategy.) Be sure to include in your initiative the following: The innovative barrier you are addressing. An explanation of the plan or process you propose to initiate to overcome the barrier. An explanation of how you think the initiative will help establish a more innovative culture within the company.
A swot on amazon and in 250 the history, mission and vision statement, and potential idea remember you want an idea that you can present and persuade to your boss and chosen company’s senior leadership). You don’t need all the logistics yet, just outline your idea.
Reaction to discussion below. Do you agree or disagree? Any additional thoughts? It is important to understand that for a business to succeed, being motivated and hardworking does not guarantee a good positive outcome for the company. There are other key factors that have to be in place in order to put the company on a path for success. These factors include effective planning and decision-making with a systematic approach that considers the available information, the goals and objectives of the organization, and the potential outcomes of different decisions. One of the companies I admire the most today is Apple. I because of how it started and all the changes they had to go through to become the company they are today. Apple is well-known for its innovations in hardware, software, and services. Thanks to them, it grew from some 8,000 employees and $7 billion in revenue in 1997, the year Steve Jobs returned, to 137,000 employees and $260 billion in revenue in 2019. Much less well…
There is a high failure rate for the person who actually starts his or her own business. Select one: True False These are situations in which new goods, services, raw materials, and organizing methods can be introduced and sold at greater than their cost of production Select one: a. entrepreneurial thinking b. entrepreneurial action c. entrepreneurial business d. entrepreneurial opportunities
Activity: Answer the following questions, thoroughly. 1. Why “sound business idea” is important to the entrepreneur? 2. How may business ideas be generated? 3. In what way may a person’s acquaintance be a source of business ideas?
1. _____ nurture young firms and help them to survive and grow during the startup period when they are most vulnerable. a. Successful graduates b. Business incubators c. International trade organizations d. Conglomerates 2. Which of the following best describes one of the contributions of small businesses? a. They are sources of new ideas or services that larger businesses may be unable to provide. b. They provide large capital gains to the owners. c. Their products and services are sold at prices that are lower than large businesses' prices. d. They provide economies of scale that large businesses cannot match. 3. Most creative entrepreneurs are very good managers. a. True b. False 4. An entrepreneurial venture is characterized by: a. innovative strategic practices and/or products. b. independent ownership and operation and no desire for dominance in its field. c. no scope of growing large, and the owners…
One of the common barriers of starting a business for the entrepreneur is not being able to generate a business idea. However, there are elements that one can use to generate these business ideas, such as from skills, expertise and aptitude, from common needs, from existing problems, from everyday problem and form other sources. In relation to theelements highlighted discuss and explain how the business ideas are generated.
1. Which of the following are the key dimensions of strategic entrepreneurship? I. Strategic management of resources II. Competitive advantages III. Entrepreneurial mindset IV. Entrepreneurial culture and leadership Which of the following is the correct order for the stages of Systematic innovation? I. Opportunity Definition, Solution Definition, Application Exploration, Problem Definition, Project Execution II. Problem Definition, Opportunity Definition, Solution Definition, Application Exploration, Project Execution III. Opportunity Definition, Solution Definition, Application Exploration, Project Execution, Problem Definition IV. Opportunity Definition, Problem Definition, Solution Definition, Project Execution, Application Exploration .TRUE OR FALSE The rough evaluation criteria can be utilised by the Discovery team to rate or rank all of the business opportunities they developed to provide a prioritization of those opportunities.
Complete this in the capacity of an entrepreneur starting a new business. This assignment's first instruction is not to write a business plan as you wish, which most likely an essay format. Answer specific questions, keep them in order. To enhance your work, use resources outside resources such as SBA, trade publications, and academic journals when warranted. In this assignment, you will have to start a business from the ground up, no franchise. There are three businesses I want you to stay away from when you are thinking about opening your business. The businesses I will not accept in this assignment are restaurants/bars, nail/hair salons, and gyms. In addition, these businesses have a lower entry barrier where anybody can start any of these businesses and become a direct competitor. Your Business Opportunity Give a summary of your business idea. What are the solutions you will provide your customers with for their needs? What are the important key activities for your business? What…