Strategic Management 4e
4th Edition
ISBN: 9781260779646
Author: Frank T. Rothaermel
Publisher: Mc graw hill
expand_more
expand_more
format_list_bulleted
Concept explainers
Question
Chapter 7, Problem 4MS
Summary Introduction
Case summary:
It is given that higher education would limit the ability of an individual to innovate and start a new business. The case stated that there is a complex link between entrepreneurship and education. A capable individual will become an entrepreneur without the help of a college degree. The business innovation was chosen by many entrepreneurs rather than degree.
The two views of being the entrepreneurs are more than 75 percent of graduates are becoming entrepreneurs and it is stated that higher education is an enemy to entrepreneurship due to the impact of education loan.
To determine: The way to apply the strategy to enhance the startup and to sustain a competitive advantage.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
How can a firm ensure that their strategic plan remains flexible and adaptable to changing circumstances, while still providing a clear and focused direction for the organization?
How does a firm evaluate and analyze its business portfolio?
Develop your ideas and support it substantially.
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, management and related others by exploring similar questions and additional content below.Similar questions
- Imagine running a large city travel business. Despite many commercial customers, growth has stagnated. You think technology can help you. Does your company have a strength, weakness, vulnerability, opportunity, and threat?arrow_forwardWhat is the optimal business model for rapid growth?arrow_forwardIn determining the purpose of existence of a business, examine the four steps that a business goesthrough to achieve a competitive advantage.arrow_forward
- discuss how this equation can be distilled into two component ratios: ‘margin’ and ‘turnover’, and explain how the relationship between these component ratios gives an entrepreneur a tool to maximize profitability.arrow_forwardResearch one entrepreneur . Discuss how they developed their venture’s core business team and strategic partnerships, and how it contributed to their success or failure.arrow_forwardHow can our company effectively align its management strategies with the objectives outlined in our business proposal to ensure successful implementation and achievement of desired outcomes?arrow_forward
- Andrew and Simon are prospective entrepreneurs and are soliciting your advice to start their entrepreneurial venture in a profitable industry. Your task is to choose for them an industry you know very well and do an industry and competitive analysis to determine its profitability and advise them accordingly.arrow_forwardBegin by choosing a publicly traded corporation( COCA COLA) and conduct research to find articles or academic sources that explain the resources, capabilities, and competencies of your chosen corporation. From your list of competencies, identify your chosen corporation’s core competency (ies). Suppose you have been appointed to conduct a high-level value-chain analysis of your chosen corporation. What would you say are the corporation’s primary and secondary activities? Be specific in describing how each activity adds value to the corporation and ultimately to shareholders’ wealth. Be sure to post at least 2 references in support of your explanations and conclusions.arrow_forwardIs this statement true or false? It is advisable for entrepreneurs to make detailed cost calculations for every product or service they are selling. Through this effort, they can price their products competitively without sacrificing their profit margins.arrow_forward
- Identify and discuss the entrepreneur function(s) or activities that the chosen MAYBANK did, which led to the success/failure of the MAYBANK. Support your discussion with some relevant examples of the MAYBANK.arrow_forwardAnalyze how business opportunities can be evaluated by your organization using different investment appraisal techniques include explation of two different recognized investment appraisal techniquesarrow_forwardDescribe the four basic growth strategies for companies using the Strategic Opportunity Matrix. Provide examples of each strategy.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios