Connect with LearnSmart Access Card for Business Driven Technology
7th Edition
ISBN: 9781259852183
Author: Paige Baltzan, Amy Phillips
Publisher: McGraw-Hill Education
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Chapter 2, Problem 3MBD
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Michael Porter:
- Michael Eugene Porter is an economist, researcher, author, advisor, speaker, and teacher.
- His research is widely being recognized in governments, corporations, NGOs, and academic circles around the globe.
- He has received numerous awards, and he is the most cited scholar today in economics and business. He has even achieved remarkable acceptance by practitioners across multiple fields.
- He has brought economic theory and strategy concepts to bear on many of the most challenging problems facing corporations, economies and societies which include market competition, economic development, the environment, and healthcare.
- He is an author of 18 books and many articles which include Competitive strategy, On Competition, etc...
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1. Pick a business icon or an entrepreneur that relates most to your personality. List at least five (5) short-term and five (5) long-term entrepreneurial goals you wish to achieve.
Choose a Fortune500 business and undertake a SWOT, PEST, and Porter's Five Forces study. Choose one or more strategies to meet the organization's objectives based on the results of the analysis. Justify your selected methods.
Talk about how important people's actions are to the growth of a business. Should a company's pay policies and methods be designed to get employees to work in ways that help the company reach its mission and goals?
Chapter 2 Solutions
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Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, computer-science and related others by exploring similar questions and additional content below.Similar questions
- Watch a film on how Google, Apple, or Walmart treats its employees and customers. (Netflix offers numerous business documentaries, and your school's library or Internet may have others.) How do they handle HR? How are consumers and suppliers treated? Are individuals treated differently in various countries or positions? What are their perks? Which advantages matter most to you and why? Write a one- or two-page summary and credit your sources.arrow_forwardExplain your most crucial traits based on your successful business presentation.arrow_forwardIdentify a potential business opportunity in your area/region/country of residence you are interested in pursuing. Based on your selected business, provide answers for the following questions:1.What are your reasons for selecting this potential business? 2.What social or environmental problems will your business idea solve and how? 3.How do you intend to find money to finance this business? 4.In what ways do you see yourself being totally dedicated to the success of your proposed business? What does dedication mean for the entrepreneur?arrow_forward
- Do research on an entrepreneur that you admire.1. Write a brief description of how the individual was able to start abusiness2. What challenges had to be overcome?3. Did the individual encounter failure before becoming a success?arrow_forwardIn need of a more efficient method to do your business homework? Save time and effort on your studies with Bartleby's detailed business textbook answers, a searchable library of homework questions (asked and answered) from your other students, and topic specialists available 24/7 to give homework assistance when you need it. Do you need more tailored answers to your business assignments? To get the help you need with your assignment, just look for the specific subject or the required textbook and go from there.arrow_forwardWrite a summary of the elements that influence the business climate and the issues that American companies will face in the future.arrow_forward
- Check out a documentary on the working conditions at Google, Apple, or Walmart. (Many business documentaries are available on Netflix, and there may be more in your school library or online.) What's the company's approach to human resources? The way customers and vendors are handled. Do people get different treatment based on where they live or their social status? What advantages do they have? Which benefits do you value the most, and why? Summarise the material in one or two pages, with appropriate citations.arrow_forwardWhat exactly is a company's culture, and why is it so important to the business's success? Give an example of the corporate culture at a business where you've previously worked.arrow_forwardDiscuss any 5 characteristics and success factors of entrepreneurs, with focus on why each is important.arrow_forward
- What are the most significant considerations for an entrepreneur while conducting business beyond national borders?Explain in deptharrow_forwardHow we can perceive our business solution which will provide actionable insights to the business and why we will evaluate any business model. Note: Please need a short answer in 3/4 sentences.arrow_forward
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