How can activity-based management and activity-based costing (ABC) benefit an organization?
June 14, 2020How can the local major supermarket chains defend against Walmart’s threat to their ‘budget-conscious’ shoppers?
June 14, 2020Each of the following questions should be a minimum of 1 and a half pages and maximum 2. 1. Discuss the importance of networking for an entrepreneur. How does it impact the entrepreneurial process? Why does networking matter to “creativity” and “opportunity”? Where have you seen the impacts of networking in our readings and guest speakers? What are some of the attributes of an effective network for an entrepreneur? Use course concepts and specific examples, including your own, to support your points whenever possible. 2. Many of the early readings have focused on ideation and opportunity recognition. Many (all?) of our guest speakers have also indicated how they came up with their eventual business ideas, some of which “succeeded” and some which failed. Using the readings and the guest speaker examples, discuss “best practices” for how an entrepreneur can go about finding a viable business concept and developing it for her/himself as a business or social enterprise. For example, some questions to consider might include…How does an entrepreneur know when they have a “minimum viable product” (or an “MVVVP”)? How important is “new” and “innovative” to determining a true opportunity? How does timing fit into the equation? Etc.
