ropose potential entrepreneurial and visionary business solutions for manufacturing industry. Use managerial economic theories to support your arguments
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ropose potential entrepreneurial and visionary business solutions for manufacturing industry. Use
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- Huawei as reference to explain 1. identify and illustrate the micro-foundations (that is, organizational and managerial processes, procedures, and structures) that underpin the dynamic capabilities of sensing 2. seizing and transformingAuthor who define descriptive element and analytical element of industrial economicsConclude whether a multiple-output production process exhibits economies of scope or cost complementarities and explain their significance for managerial decisions.
- The frictional theory of profits holds that firms in a competitive industry can have economic profits that differ from zero for long periods of time. a. True b. FalseExplain manufacturing firms should use demand leading instead of demand trailing capacity strategy.Synthesize the latest findings/ results from the literature on firms and imperfect competition. Limit the task to the years 2020 to 2022.
- examine the key principles involved in scintific management and comment briefly on whether you feel these principles are still relevant for modern managers. also explain the key differences between the human resources school compared with the human relations school.In making managerial economic decisions, which of the following should an effective manager consider? a. the total explicit costs and revenue of the firm tb he total opportunity costs of production c. the total revenue of the firm only. d. accounting profit onlySingapore Power (SP) is the only operator in the domestic electricity market in Singapore. Electricity distribution generally is associated with extremely high economies of scale because of the infrastructure (a nationwide power grid) needed to deliver power to individual households. Using the theory and models of market structure, examine this firm. Should government be worried about any aspect of how a firm under this market structure will perform? What should government do to address such worries?
- The followings are the examples of typical economic decisions made by the managers of a firm. Determine whether each is an example of what, how and for whom Should the company continue to service the equipment that it sells or ask customers to use independent repair companies?Select the following statement that is accurate regarding entrepreneurs. Entrepreneurs must always make decisions for the company they started. If an entrepreneur wants to reduce their risks, they can pass the risks on to a CEO. Entrepreneurs only need a willingness to take a risk to start a business. An entrepreneur can fire and replace the managers of their company.Questions Read the extract about space tourism from an Economist article below. Please answer the following questions: 1) Assess the cost-structure of the Virgin Galactic or Blue Origin ventures; and the strategic implications of this type of cost structure. (25 marks) 2) Identify the market structure of the Space Tourism industry and the main dimensions of competition and options Virgin Galactic may have to increase its market share, including what pricing strategies the firms do or should apply. (25 marks) 3) Please discuss whether and how managerial theories may apply to Virgin Galactic or Blue Origin? (25 marks) 4) Discuss and evaluate the potential expansion strategies available for Virgin Galactic. (25 marks) **** Will Sir Richard Branson’s Virgin Galactic jaunt boost space tourism? “IT WILL BE humbling. It will be spiritual.” This is how Virgin Galactic wooed customers with the prospect of a moment in space in 2004. Within five years, the space-tourism firm claimed, it…