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- 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.1. Relate IoT to the current situation we are facing as a generation and society. Has it made your life better or worse? Cite specific situations unique to you. 2. Explain the following terms in the simplest way possible, and site examples/scenarios to support your explanation. ERPB2BSaaSCloud Computing19. Which of the following are the factors of the Evolution of Business and Economy in the Market Society? į. Mass production ii. increased workforce diversity iii. Organization structure iv. intellectual property a) i & ii b) iii $ iv c) I & iii d) ii & iii 20) The ethical culture in an organization can be determined by the following į. tempo of work ii. the organization's approach to humour iii. methods of problem solving iv. individual autonomy a) ii & iv b) iii & iv c) All of the above d) i & ii e) ii & iii
- A way of avoiding the discontinuous innovation and market destructionassociated with radical innovation is to be able to manage the transition to newtechnologies that have more potential, to “cross discontinuities” effectively.Foster considers certain strategic errors to be the cause of companies’ marketlosses in the face of technological changes. Using your own words, discuss these strategic errors.Provide a definition of “technological capability” and “social capability”, and describe thedifferences between them. Why can we say that innovation has a “systemic” nature?4. Entrepreneurs view change as a. inevitable b. an opportunity &, a problem d. a challenge
- A) Which one of these is an example of Business Influence? Increasing taxes on Tobacco and vape products Investors disproportionately underfunding Black, LatinX, indigenous businesses Higher U.S. tariffs on China, Canada, Mexico The NBA All Star Game slam dunk contest or the MLB homerun derby. B) Which of the below are foundations for building corporate and community relations? (Rework into an all the above question) National Institute for Health (NIH) National Science Foundation (NSF) Bill & Melinda Gates foundation All of the aboveJustify that inventions keep evolving in an episodic form. Explain its characteristics. How did Toshiba take advantage of it in gaining market power in the global data storage industry? When can creative destruction grow as disruptive innovation?1. According to the concept of creating shared value (CSV), when business leaders are required to choose between social and economic goals, the tendency is to choose the social goals. TRUE FALSE 2. Disruptive innovation is a process by which a product or service takes root initially insimple applications at the bottom of a market and then relentlessly moves up, eventually displacing established competitors. TRUE FALSE 3.Reverse innovation can drive growth for companies in a global market where much growth is occurring indeveloped countries. TRUE FALSE
- Which one of the following is not part of a company's broad macro-environment? A) population demographics and societal values and lifestyles. B) governmental regulations and legislation. technological and ecological factors. C) conditions in the economy at large. D) the company's resource strengths, resource weaknesses, and competitive capabilities."management should actively work on a marketing strategy for a technological innovation only for expanding the acceptance of the technology beyond the markets originally targeted" discuss in 5 sentencesExplain the business-level strategies of Estee Lauder. Has this company used any ofthe business strategies we discussed (differentiation, cost leadership, first-mover advantage, or Blue Oceans)?If so, give a thorough explanation. How could they use these strategies to better themselves? Does innovation orentrepreneurship play a role or need to play a role to help move them forward? Explain.