People with string business acumen skills can: a. Adapt and remain flexible during times of change b. Remain inflexible during times of change c. Better understand political issues d. Ensure business failure
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- Direction: As a future manager in the future given the scenario below how will you be able to solve the problem of shortage and surplus. Answer should contain at least 300 words. 1. Covid 19 is a virus than can affect our immune system. One of the thisthat the IATF encourages people to do to not get the virus is to use facemask as protection and use alcohol to fight germs whenever you areoutside the house. Being an entrepreneur what will you do if you areone of the sellers of this kinds of products such as facemasks, andalcohol whose supply is always out of stock. Will you take theopportunity to raise your price to gain more profit?Your 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…1.Why do you think Entrepreneurship is a science?provide example/ scenario that will support your answer.minimum of 100 words. 2.Why do you think Entrepreneurship is an art? Provide exampla/scenario that will support you answer.minimum of 100 words. 3.What are the Advantages and Disadvantages of venturing in entrepreneurship rather than becoming a business manager (Employed)? Provide atleast 3 each & explain each Advantages and Disadvantages.
- (0) Read the following excerpt from the article by Michael Schlossberg, three dramatic board failures to learn from. Considering this excerpt, answer the questions that follow. Blockbuster The former worldwide leader in video rentals found themselves on the wrong side of public opinion thanks to a failure to innovate. Blockbuster was once known throughout the world as a leader in home movie and video game rentals. Before the digital age, their products were the Netflix of the day. The problem? They refused to innovate. Sensing changes in the market — including by a start-up known as Netflix — Blockbuster began to push for a more in-demand market, creating programmes that allowed people to get videos delivered directly to their homes. However, it wasn’t enough: The company failed to properly prepare for the rise of the digital age and never created a product like that of Netflix that streamed movies directly to people’s internet devices. Their most egregious failure? A lack…WHICH OF THE FOLLOWING IS THE COMMON REASON FOR PEOPLE CHOOSING TO BECOME ENTREPRENEURS? a. To escape the long hours associated with corporate jobs. b. To be able to retire early. c. To be their own boss. d. To learn new things.“We built a better mousetrap but there were no mice” (commenting on his firm’s development of blue windshield glass for the automobile industry). Gary W. Weber, PPG Industries Why must managers be aware of a firm’s external environment? Include the general environment and competitive environment in your answer. As for the business environment, discuss FIVE (5) effects of the digital economy on businesses and customers? Include big data (or data analytics) as one of the five
- CEO Application: Imagine yourselves as the CEO of a large firm in an industry in which you are interested. Please (1) identify major trends in the general environment, (2) analyze their impact on the firm, and (3) identify major sources of information to monitor these trends. (Use Internet and library resources.)Why do people choose to be entrepreneurs ? A. The challenge, they hate working for other people, they see no other choice. B. They want to be their own boss, they don't want to pay taxes to the Government and they like the flexibility of working for themselves. C. The challenge, profit potential, personal satisfaction, and conventional paths to success are blocked. D. None of the above.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…
- All contemporary organisations operating in an uncertain economic climate, need to know how to manage change in orderto survive. For businesses to withstand today’s competitive environment, they must frequently examine its processes andperformance strategies to better understand what changes need to be made. Change nowadays is a reality for businessesand those which resist change, risk losing their competitive edge.To complete this project, you are required to select an organisation that you are familiar with and the business environmentin which it operates. Analyse the internal and external business environment and answer the following questions.You are required to study the business environment of the selected organisation and develop a report document forexecutives on the management of the business environment and organisational change dynamics. The report shouldprovide clear reference to the organisational context and extensive application of relevant theory. The headings…A number of businesses were started-up on the internet (dotcom companies), however some later ventured offline into physical stores. Why are internet start-up companies transitioning to click and mortar models?Do you think that pure dotcom models will become extinct? Give reasons for your answer.Who among the following is the most successful entrepreneur? Choose at least two number. Explain why. 1. A 35 year-old farmer who has owned a two hectare pineapple plantation for 10 years, makes just enough to get by, but loves what he is doing, and calls everyone in the barangay a friend. 2. A 30 year-old CEO of a software firm who works 70 hours a week, stays stressed, never sees his family, but makes five million pesos in revenue per year. 3. A 35 year-old single mom who makes money online with internets, and gets to spend all the time she wants with her kids. 4. A 22 year-old college dropout who created a few websites that he manages a few hours per week and now makes enough to travel the world, spends time with friends and family, and pursues his favorite hobbies.