With relevant examples diferentiate between the folowing concepts; i. innovation and creativity i. social entrepreneurship and familybusiness
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With relevant examples diferentiate between the folowing concepts;
i. innovation and creativity
i. social entrepreneurship and familybusiness
Step by step
Solved in 2 steps
- 1. Using problem ideation approach, identify business ideas.Identify at least 5 societal problems then think of a business idea relatedto your field of discipline that will solve the problem. Briefly describe theproblem as well as the business idea. 2. Based on the four criteria: attractive, achievable, durable and value creating, selectthe best idea. Explain why you think the business idea is attractive, achievable,durable, and value.3) You are directed to study the factors that are larger societal forces that affect your company– demographic, economic, natural, technological, political, and cultural. What are you studying? A)the macroenvironment B)the microenvironment C)the marketing environment D)the marketing mix E)the global environment 4) Which of the following is NOT a type of factor in a company’s macroenvironment? A)demographic B)economic C)technological D)competitor E)political 5) All of the groups within a company are called the ________. A)culture B)diversity C)internal environment D)climate E)range 6) Which type oforganization helps companies to stock and move goods from their points of origin to their destination? A)financial intermediary B)physicaldistribution firm C)marketing service firm D)reseller E)supplier 7) Banks, credit companies, insurance companies, and other businesses that help finance transactions or insure against the risks associated with the buying and selling of…What is Madison & Vine?
- THEME: Identifying business opportunity by addressing current issues in your community Through market observation and changes in today’s lifestyle preference as well as daily struggles, you are able to identify various business opportunities. You are required to identify a business opportunity by addressing current issues in your community. Evaluate THREE (3) potential business ideas, and select ONLY ONE best idea to be presented in the Business Model Canvas (BMC). This business ideamust be a new and creative solutions that specifically address the identified issue. Develop your business idea through Business Model Canvas (BMC). Your submission must include:1. Business ideas.2. Value proposition. 3. Market and Customer segments.4. Channels.5. Customer relation.6. Key activities7. Key resources.8. Key partners.9. Cost structure.10. Revenue streams and pricing models.Organize the 6 elements of PESTEL Analaysis Tool on their level of importance in entrepreneur? Explain why you arrange the elements in such manner?For parent-fit matrix, choose two of LVMH brands for each of the five categories, please. Edge-of-Heartland Businesses: In this position few characteristics of parent fit the businesses and few do not fit. Parent cannot provide all the skills and resource the strategic business units needs. These SBUs needs to capture much of the corporate parenting attention, as the parent strive to comprehend them better and convert them into Heartland Businesses. Heartland Businesses: Heartland Businesses be supposed at the heart of the parent’s future opportunities. In this position corporations understand critical success factors of their SBUs very well and these businesses have opportunities for upgrading by their parents. These strategic business units should have main concern for all corporate actions. Alien Territory Businesses: In this position parenting characteristics do not fit with its business units’ strategic factors. So, these businesses have modest chances to be improved by their…
- Explain why the theme of Evolution to convey grrowth and development as a reflective/ reflexive practionerUsing examples, prove that technology has developed to play a major part in the following areas in our lives.i. Educationii. Personal Relationshipsiii. Productionsiv. Healthv. TransportationPreferences are strong among e-commerce’s most important demographic — Millennials. Nielsen’s data shows that nearly three-quarters of millennial consumers are willing to pay more for sustainable goods. Explain the reasons for this to happen and give examples of at least 2 real businesses practicing this to meet the needs of millenials. PLZ GIVE ME DETAIL AND LONG ANS