Century 21 Accounting General Journal
11th Edition
ISBN: 9781337680059
Author: Gilbertson
Publisher: Cengage
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1- Explain how you can assess the support for corporate innovation; showing what questions can be asked in order to do the assessment process.
2- What are the rules for an innovative environment?
3- Explain briefly the "Entrepreneurship Theory".
4- Define the following terms:
a-Cognition
b-Social Cognition Theory
c-Entrepreneurial Cognition
d-Cognitive Adaptability
e-Metacognitive Model
PURPOSE:The concept of creating shared value (CSV) was articulated by Michael Porter and Mark Kramer. They describe it as “Creating economic value in a way that also creates value for society by addressing its needs and challenges. Businesses must reconnect company success with social progress. Shared value is not social responsibility, philanthropy, or even sustainability, but a new way to achieve economic success.”34 This approach to business is especially relevant in today’s business world as the connection between businesses and their customers becomes stronger through social media attention and easy access to information on the internet. Many customers not only care about the product or service value but also want to know how the company operates and what it stands for. From the company’s perspective, it is also very important to understand that not all profit is equal. Porter and Kramer state, “Profits involving a social purpose represent a higher form of capitalism—one that will…
The CEO and his top managers have asked themselves two important questions: a. do customers value what the company is providing; and b. can the company make money doing that? This group is developing a ________.
A.
business model
B.
BCG matrix
C.
competitive advantage
D.
strategy
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Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Similar questions
- Attracting and retaining the best employees is crucial to operating a business. Employees will join a company based on opportunities for advancement, training, company culture, and salary and benefits provided. One business that is often listed in Fortune magazines 100 Best Companies to Work For is Recreational Equipment Inc. (REI). REI is committed to inspiring, educating, and outfitting its customers for a lifetime of outdoor adventure. REI offers competitive salaries as well as benefits, including paid sabbaticals, an onsite fitness center, healthcare coverage, telecommuting, and a compressed workweek. The accounting department at REI is responsible for determining salaries/wages and benefits for employees, calculating payroll deductions for taxes and other expenses, and ensuring that company payrolls are processed in a timely and accurate manner. In this chapter, you learned how companies such as REI complete the payroll records for their employees. Why do you think timely and accurate payroll information is so important to a company such as REI?arrow_forwardDescribe the qualities of great business leaders. How they take the business to success with their capabilities and skills? Mention any business leader which inspires you and why?arrow_forwardEntrepreneurship group assignment for accounting and management students Write the correct answer for the following questions What are the critical elements that the process of an entrepreneurship comprises? (2%). List the components of external environment and describe their relationship with the business firm. (3%). Describe each the following innovation process.(2%). Analytical planning Resource organization Implementation Commercial application What is the difference between idea and opportunity? (2%). What are methods used for generating business ideas? (2%). Describe each of the three basic forms of business ownership. (3%). a. proprietorship b. partnership c. corporation 7. Define the following terms.(2 points) a) Entrepreneurship b) Entrapreneurship 8. What is the difference between individual entrepreneur and organizational entrepreneur? (2 points) 9. List out at least four importance of small businesses. (2 points)arrow_forward
- Incorporating Stakeholder Impacts into Business SustainabilityAnalyses and DecisionsJack’s Apps Company researches, develops, and sells traditional applications (i.e., apps) formiddle-aged mobile phone device users. In an attempt to tap into the large young adult appmarket to boost sales and advertising revenues, Jack’s CFO, Daniel, is considering hiringstudents from area high schools and universities to drastically increase the innovativeness ofthe company’s apps. Specifically, Daniel hopes that Jack’s new student employee pool will makeJack’s next wave of phone apps inventions popular with young adults by providing innovativeservices, such as exchanging payments for late-night food deliveries, arranging informal datingand other social gatherings, exchanging perspectives on different professors, and identifyingunusual debit card purchase patterns to assist with early fraud detection notification. Basedon cost estimates from Jack’s finance team and surveys of its new target customers…arrow_forwardABC bank offers a Business Grant to encourage a fresh graduate to become an entrepreneur. However, to apply this Business Grant, you need to explain in general the overview of your business. Therefore, using the Business Model Canvas approach, develop your strategy to run ANY BUSINESS IDEA by illustrating Business Model Canvas based on NINE (9) areas, including customer segment, value proposition, marketing channels, customer relationships, key partners, key activities, key resources, cost structure, and revenue stream.arrow_forwardEnterprise refers to an object which means a. Company b .Firm c .Business d .All of the given options The largest source for new ideas is the entrepreneur own a .Hobbies b .Interests c .Research and Development d .Personal experience Please answer all questionsarrow_forward
- The primary reasons people become entrepreneurs include all of the following EXCEPT the desire to: a create one's own schedule. b) ear more money. c) meet the challenge of owning a business. ( d) achieve an external locus of control.arrow_forward1. Critically examine the statement: "Leaders are born, not made." In other words, do you agree or disagree with this statement, and WHY, using leadership theories covered this week to support your arguments. 2. What is transformational leadership? Research and report on a current LIVING BUSINESS leader that you consider to be transformational. Discuss using the four I's of transformational leadership to describe his or her leadership as well as from the different types of influence and power used by the leader.arrow_forward3. The three primary reasons that people become entrepreneurs and start their own firms are to: a) Gain prestige, realize financial rewards, and eliminate risk in their lives b) Do what they “born” to do , be their own boss, and gain prestige c) Take big risk, be their own boss, and do what they were “born “ to do d) Be their own boss, pursue their own ideas, and realize financial rewardsarrow_forward
- Solve a business problem. Do you or someone that you know have a small business with a specific problem or opportunity that needs to be addressed? Expansion plans, entering a new market, establishing various policies, operations issues, training and so on? If so, you can address their problem or opportunity. Provide a solution that a small business has. And explain how to solve it.arrow_forwardhow could MIN() and MAX()In excell benefit a small business? Create an example where knowing such value may help a manager make a smart business decision.arrow_forwardApple Inc is a firm that is proactive, innovative and risk taking. From this description, we can most accurately conclude that Apple has a high level of: a) Enterprise focus b) Innovative intensity c) Entrepreneurial intensity d) Creative intensityarrow_forward
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