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- Identify at least four sources of ideas that you consulted in order to come up with asolution to your selected problem.What are the five Cs of managing innovation, and how do they help direct a firms innovation activities?In the evaluation of a project or proposal some data needs to be gathered and understood. For the items listed below please explain why each are important and give an example how it can affect a decision, both in the short and long term. Time period of the facts: Economic conditions Population attitude Industry of the company: Industry Type Type of business Problems within the industry
- In your outlook, which do you think is the most effective among the (4) strategies of market targeting? Explain why? Which do you think among the four will become profitable in gaining a successful business outcome considering with enough resources?discuss the benefits of aligning IS/IT with business strategy and why IS development is key to business strategy like disney parkWhat is “Business Model Design and Innovation”? Provide examples and discussion for each factor listed.
- Give a reflection on this statement: "The success of marketing effort is the product of coordination and collaboration of marketing officials working as a team."In the planning process, what is the role of tactical goals and plans? O Links strategy and operations Sets company direction Sets purpose of business Guides day to day activities1- Entrepreneurs must set goals that are Specific, Masked, Actionable, Reasonable, Tacy Specific, Masked, Actionable, Reasonable, Time bound Special, Metered, Actionable, Reasonable, Timely Specific, Measurable, Actionable, Relevant, Time-bound 2- According to Mark Cuban, the #1 reason why entrepreneurs fail is Lack of money, lack of energy Lack of brain, lack of hard work Lack of family and professional connections Lack of good idea 3- Starting a new business guarantees freedom True False 4- Who is an intrapreneur? People who are responsible for internal activity in an entrepreneurial venture people who independantly set up big organizations people who take up entrepreneurial activity as part of a bigger organization 5- Successful entrepreneurs have following qualities They are highly emotional None of the above They care too much for self-respect They are very creative
- Create a business plan for a hypothetical business Please include: Description of a business The business advantage 3 business goals A SWOT analysis And 2 risks to your business Please use a mobile accessories business as an exampleBased on Yahoo! Inc., what can the company/product/service do to survive? What kind of innovation could have been done to keep the company successful? What specific innovation can you think of that can help the company?A wise man will make more opportunities than he finds. What and why does this have to do with technology and innovation? What does it have to do with competitive advantage? Explain and use examples