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Step 1):
Make a Business Model Canvas out of your mind about anything .
Step 2):
Please do not write definitions of a Business Model Canvas.
Step 3):
Virtual tourism, online diagnosis and treatment, distance education, digital products, choose any ideas of these
Step by step
Solved in 2 steps
- Mini Case: Ben and Jerry’s Ice CreamThis idiosyncratic business was founded and developed by two partners, both entrepreneurs but, at face value, unlikely businessmen. Ben Cohen was a college dropout who had become a potter. His friend from hisschooldays was Jerry Greenfield, a laboratory assistant who had failed to make it into medical school. They had become ‘seventies hippies with few real job prospects’. They decided they wanted to do something themselvesand ‘looked for something they might succeed at’. They ‘liked food, so food it was!’ They could not afford the machinery for making bagels, their first choice, but ice cream was affordable. In 1977 they opened an ice-creamparlor in Burlington, Vermont, where there were ‘lots of students and no real competition’. They fostered a relaxed, hippy atmosphere and employed a blues pianist. Their ice cream was different, with large and unusualchunks. They were instantly successful in their first summer, but sales fell off in the fall and…(a) How has information technology transformed business and managerial decision-making?(b) What are some major factors that motivate entrepreneurs to start businesses?1._______ A carefully constructed guide for the personstarting a business.2._______ A group of retired and active business peoplewho volunteer their services to small businessesthrough the SBA.3._______ A government agency that assists, counsels, andprotects the interests of small businesses in theUnited States.4._______ Money that is invested in small (and sometimes struggling) firms that have the potential tobecome very successful.5._______ Group of senior and graduate students in business administration who provide managementcounseling to small businesses.6._______ A business that is independently owned andoperated for profit and is not dominant in its field.7._______ A person or organization purchasing a franchise.8._______ A license to operate an individually ownedbusiness as though it were a part of a chain ofoutlets or stores.9._______ The actual granting of a franchise.10. _______ An individual or organization granting a franchise.a. venture capitalb. franchiseec. joint…
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- How was the concept of shared value (the idea—advanced by Michael Porter and Mark Kramer from Harvard Business School—that companies should generate economic value in ways that promote social good.) utilized by Lifebuoy? Why do you think gaining internal support is important for bringing business value and social good together?What are the 8 advantages and disadvantages of (each) Friedman's traditional view and Carroll's 4 responsibilities of business.Describe the difference between strong-tie and weak-tie relationships. Is it more likely that an entrepreneur will get new ideas through strong-tie or weak-tie relationships? Why? Give an example of a strong-tie and a weak-tie.
- Evaluate the extent to which Netflix is implementing the concepts of “shared value” and “inclusive business” to Netflix. Provide examples to support your answer. • Propose ways in which Netflix may improve upon their approach to “shared value” and “inclusive business”.Below are the definitions of business and organization. Write BUSS if it describes a business and ORG if it describes an orgnization. 1. ____________ is an activity of exchanging goods and services, for gaining profit. 2. ____________ is a group of people who work together to achieve common goals. 3. ____________ is a collection of people with particular purpose in the society. 4. _____________ is an organization where goods and service are exchange for one another or for money. 5. _____________ social unit of people that is structed and managed to meet a need or to pursue collective goals.BUSINESS FINANCE 1. As a student, what practical benefits can you gain from learning business finance? 2. Can you give me person that you know who is very good in budgeting or in financial matters and kindly share to us his/her good practices. 3. What is the major role of the board of directors in an corporation? 4. What’s the differences between the VP MARKETING AND VP ADMINISTRATION? 5. What is the differences between wealth maximization and profit maximization? 6. Name one CEO and share his/her advocacies that you would like to evaluate and live by. 7. What was your personal experience regarding budgeting your own money? How did you overcome any difficulty? 8. What do you understand with the terms savings and investment?