Principles of Management
OER 2019 Edition
ISBN: 9780998625768
Author: OpenStax
Publisher: OpenStax College
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Textbook Question
Chapter 18.4, Problem 2CC
What goals did they accomplish?
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d. Reflect on the impact of infrastructure on entrepreneurial ventures like Savannah Organics.
What improvements could help reduce barriers?
(3 marks)
e. How important was Thato's ability to innovate and adapt in overcoming environmental
challenges? Provide examples from the case to support your answer.
(3 marks)
accreditation. Thato had to work with international bodies, adding complexity and expense to her
operations.
Despite these challenges, Thato capitalized on the strengths of the entrepreneurial environment.
She formed partnerships with local agricultural cooperatives and NGOs, enabling her to access
shared resources, knowledge, and training programs. She also collaborated with the government
to participate in a public-private initiative promoting sustainable farming, which provided her with
a modest grant.
Thato leveraged digital platforms to connect directly with customers, eliminating intermediaries
and offering competitive pricing. Her ability to innovate and adapt proved critical in sustaining her
business, even during economic disruptions caused by the COVID-19 pandemic. By the end of
2023, Savannah Organics had expanded its operations to 15 hectares, supplying produce to
supermarkets across the country and partnering with health-focused restaurants.
Thato's journey highlights both…
A sharing economy can be described as an economic model in which goods and resources are
shared by individuals and groups in a collaborative way such that physical assets become services.
The sharing economy enables people and organisations to earn profits from underutilised
resources. Discuss using relevant example and referencing the impact of sharing economy.
(20 marks)
Chapter 18 Solutions
Principles of Management
Ch. 18.1 - How do companies benefit from participating in an...Ch. 18.1 - What impact does electronic trading have on the...Ch. 18.1 - How are management of technology and management of...Ch. 18.1 - How can firms create value through good management...Ch. 18.1 - How has Acer managed its technology and innovation...Ch. 18.2 - How do managers develop technology and innovation?Ch. 18.2 - What are the advantages and disadvantages of each...Ch. 18.3 - Look at the Acer case at the beginning of the...Ch. 18.3 - Look at the Acer case at the beginning of the...Ch. 18.4 - How is Guidance Software responding to and helping...
Ch. 18.4 - What other types of forensics software do you...Ch. 18.4 - What are the benefits and risks of Guidance...Ch. 18.4 - Look at the Acer case at the beginning of the...Ch. 18.4 - What goals did they accomplish?Ch. 18.5 - In the beginning, Acer was very entrepreneurial....Ch. 18.6 - What is organizational learning?Ch. 18.6 - What are the differences between leadership and...Ch. 18.6 - What forecasting techniques are used in the...Ch. 18.7 - How do you keep up with a constantly evolving...Ch. 18 - How do we define technology and innovation, and...Ch. 18 - What are the four areas that need to be managed by...Ch. 18 - What are the five Cs of managing innovation, and...Ch. 18 - How does an organization enhance its agility? When...Ch. 18 - Compare and contrast the advantages and...Ch. 18 - What circumstances indicate a firm should consider...Ch. 18 - How does a firm determine the type of external...Ch. 18 - What are the benefits of using internal sources...Ch. 18 - How does an entrepreneurial firm identify and...Ch. 18 - How does knowledge management impact the...Ch. 18 - Followship is critical to MTl—how does the...Ch. 18 - How does the management of technology and...Ch. 18 - What factors contributed to Novartiss invoice...Ch. 18 - How did IT help the company solve that problem?Ch. 18 - What other uses and functions does Input Accel...
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