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- EveryDay Co. is a 24-hours grocery chain operated by you and other 2 partners. It is said that after launching the company, many disagreements arise due to the fact that each partner has its own way of running the business. Based on the case above, kindly answer the following questions. 1. If you were to launch the company today, outline what steps you would need to prevent such things to happen. 2. Given the case above, who is your target market? 3. Which industry would it fall under? Is it a profitable industry? 4. Who is your primary competitors? 5. How can you gain competitive advantage over your competitors knowing that you are a new entrant in the industry?"capturing theopportunities offered by growth in emerging markets—the trend executives say is the most important—willrequire retooling existing business models”. Suggesthow executives can successfully analyse their modelsbefore retoolingthem.Choose (1) organization. Present the company's profile, mission, vision, goals and strstegic planning they use.
- nitel Abdulia Austria who started her entrepreneurial journey with just P600. With that epital, she chose to open a small sari-sari store and engaged in direct selling. Eventually, he was able to purchase boats and open a small tourist inn nameal Uno Duz Tourist Inn. A. It has a potential for high profit margin. B. It considers your personal experience. C. It has no dominating competitors. D. It is easy to reach market. 2. Choosing between wood-carved products and strawberry vinegar, a souvenir shop owner in Baguio City noticed that it is easier to sell the strawberry vinegar to tourists than the wood-carved products. imob on antI0 0 combenou heb of asl shaM .8 A. It is affordable to scale to mass production.w ebla B. It has a potential for high profit margin. a C. It has no dominating competitors. Megua D. It is easy to reach market. 3. An entrepreneur made different designs of ref-magnet especially for those who are fond of collecting them. T0o pnilsnimob on asd il 0 A. It is…please quickly 19. Problems encountered in applying strategic management concepts to small business could include:a.a lack of sufficient capitalb.all of the abovec.a lack of planning knowledge by small businesspeopled.a day-to-day cognitive frame of referencedDESCRIBE WHAT IS THE BUSINESS MODEL CANVAS, BMC? AND EXPLAIN, HOW, WE CAN USE BUSINESS MODEL CANVAS IN ENTREPRENEUR.
- Meet with your group and discuss a new business venture that can save our environment. It canbe any business that can sustain within & after COVID19.Business Model Canvas 1. Introduction: Define your new business venture, either it is goods or services. Brieflyintroduce why and what motivates you to choose the business?2. BMC: Develop a Business Model Canvas for your business. Explain briefly every 9 keyelements of your BMCGoal & organization Chart 3. Goal: Formulate a specific goal for long, intermediate and short term of your newbusiness venture? Then develop strategy and a hierarchy of plans involving thesecomponents (strategic, tactical, operational and contingency planning).4. Organization Chart: Draw a sample of organizational chart for your business venture. Itshould include job titles, short description and purpose.Marketing Strategy 5. Define factors that determine your marketing strategy (at least 3).6. Develop a marketing plan for your business venture. Your…hi there tutors! im here to cure my doubts. i hv 2 big questions to ask here. please help solve. Required: 1. State & explain 2 costs and 2 benefits of being an entrepreneur. What are the 2 main industries in the country Malaysia? Discuss 5 ways to avoid business failure. 2. Discuss 5 components of competitive advantage. List the 4 elements when entrepreneurs translate strategic plans into action plans. Describe 3 ways how a vision statement can help a company. Thats all, tutor, i hope for a clear, precise & easy-to-understand explanations. (non-plagiarized answers) Thanks tutor!Please ASAP. Thank u Amy has missed class for the past two weeks. She learned that the class discussion during her absence focused on building successful business models. She is unsure of the meaning of a business model. She comes to you for a better definition and conceptualization of a business model. You would probably tell her that a business model is ____________________________. A firm’s intention to further pursue a business opportunity. A firm’s plan of action. A firm’s ability to generate profits once it is started. A firm’s plan or diagram for how it competes, uses its resources, structures its relationships, interfaces with customers, and creates value to sustain itself on the basis of the profits it earns.
- The discussion about which company sizes (small or large) are better innovators from thebeginning presented a large polarization of views. Most studies and opinions indicate thatlarge economic entities, not small ones, have greater achievements in this area and aremore innovative. However, some economists, incl. R.W. Vossen argues that small firms'performance in the field of innovation is much higher than various statistics indicate. Thereasons for this are underestimating their achievements, the low number of patentssubmitted, and the lower degree of innovation of implemented products. And you, whatscale of companies do you think are more innovative?hi there tutors! im here to cure my doubts. i hv 2 big questions to ask here. please help solve.(about Entrepreneurship) Required: 1. State & explain 2 costs and 2 benefits of being an entrepreneur. What are the 2 main industries in the country Malaysia? Discuss 5 ways to avoid business failure in entrepreneurship. 2. Discuss 5 components of competitive advantage. List the 4 elements when entrepreneurs translate strategic plans into action plans. Describe 3 ways how a vision statement can help a company. Thats all, tutor, i hope for a clear, precise & easy-to-understand explanations. (non-plagiarized answers) Thanks tutor!assume your are an entrepreneur starting a new business of plastic bags recycling into playground toy business. write a business plan following below heanding. 1. Executive summary 2.Company description (define mission, vision, company core strengths and which industry you are competing) 3.Industry analysis • Industry growth • Key players indirect compitater will be greentoy Inc • Services • Products offered 4. Problem identification – Gap analysis 7. Proposed solution to the identified problem 5Unique selling point 6 Target market analysis – Demographics, geographic, behavioral and Psychographic