STRATEGIC MGMT LL CASEBOOK W/CONNECT
4th Edition
ISBN: 9781307485110
Author: Rothaermel
Publisher: MCG/CREATE
expand_more
expand_more
format_list_bulleted
Question
Chapter 8, Problem 1MS
Summary Introduction
Summary:
Corporates are into diversification by investing precious time and resources into new business ventures. Similarly, every individual in their own way spends their time and energy. Businesses are known to invest in related and unrelated businesses as a step to uncover new business opportunities.
To explain: The conclusions derived based on Person X diversification strategy.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
A friend of yours owns a chain of 25 fitness centers in Florida and Georgia. The fitness centers cater primarily to young professionals, ages 21 to 40. Your friend is worried because his centers have declined in terms of overall membership. Your friend told you that he's interested in pursuing strategic alliances to rev up the growth of his centers but is having trouble thinking about the types of companies he can partner with. Provide your friend some suggestions.
What makes franchising different from other forms of business? Be specific.
Identify and describe at least four of the key terms in franchising.
Starting up and managing a business requires one to act responsibly and ethically at all times. It is also imperative that one carefully considers the management team and the opportunities that franchising presents to a business to create a bigger brand name and increased market share
You may consider franchising your business at some point. Discuss with justification, the type and model of franchise that your business will enter into.
Chapter 8 Solutions
STRATEGIC MGMT LL CASEBOOK W/CONNECT
Knowledge Booster
Similar questions
- After discussion, the decision is to choose to operate as a C-Corporation. As a part of this organization, you all decide you want to set up an education reimbursement program. You have decided to categorize this under two groups: 1) continuing education and 2) reimbursement for tuition in pursuit towards a master’s degree. Provide discussion of the difference between how each will be taxed to the corporation and the employees under each case.arrow_forwardThe following are the fundamental questions to consider when starting a business EXCEPT: Do you have a viable concept? Is the reason you want to start a business consistent with your character and concept? Do you know how to run a business? Do you have what it takes? 3arrow_forwardDescribe three elements that can cause uncertainty within an enterprise's cash budget and provide your rationale for including each element. If you were the CFO of a company, what techniques would you use to cope with this uncertainty? How might your coping strategies differ when managing a large company (1,000+ employees) versus a significantly smaller company (100+ employees)?arrow_forward
- You are the CIO of a small company with a rapidly growing customer base. Which CRM system would you use: an on-premise CRM system, an on-demand CRM system, or an open-source CRM system? Remember that open-source CRM systems may be implemented either on-premise or on-demand. Discuss the pros and cons of each type of CRM system for your business.arrow_forwardYou have opened a clothing showroom in your neighborhood, and a few years later, your business is prospering, so you decide to expand by opening another showroom in another neighborhood. What challenges would you face if you were to run your business from two different locations at the same time? Discuss every possible issue which comes on the way.arrow_forwardYour family runs a business, Feline Seafood Treats, which has been manufacturing high-quality fish products and dried feline foods in Richmond, British Columbia since 1984. With the recent retirement of your father, you have been appointed as CEO and while you worked in the business, it was only for a few years while you attended university for your BBA degree. Within weeks of assuming the lead role, you decide that the increased competitive pressure in the industry necessitates a complete restructuring. Presently, your 180 line workers are unionized and they are worried about job losses and your lack of business experience. You are now tasked with preparing a 1-2 page brief to stakeholders on your decisions. The provincial government, due to a recent loan, presently maintains an equity stake of approximately 15% of the company’s shares, which complicates things because you need their approval to make any substantial changes to the structure or job cuts. The brief outlines what…arrow_forward
- Identifying new sources of energy has been an important business opportunity for quite some time. Your firm is interested in acquiring geothermal and solar energy firms around the world that can offer the best growth potential. What are the top three countries with strong firms in the geothermal and solar energy industry that you would recommend your firm to look into?arrow_forwardSmall businesses must seek the advice from outside experts. In order to put together official documents such as leases, contracts, and partnership agreements, it is important to seek the advice ofarrow_forwardhelparrow_forward
- The needs of the businessperson starting a new business are a major consideration when deciding the best form of business ownership. The kind of business being started is also important to consider when deciding to make your new business a sole proprietorship, partnership, or corporation. Look at the list of new businesses below. , indicate the form of ownership you think would be best for each business and give the reasoning for your selection.arrow_forwardIf someone buys a business but hires professional managers to run it so they don’t have to be involved in the operations, are they an entrepreneur?arrow_forwardYou are initiating a small delivery service in Cuyahoga County. You have maximized your use of your own cash and credit, but are unwilling to go to a commercial institution for a loan, or ask suppliers for credit. You can consider turning to what source for funding, but you must codify your arrangement in a formal manner.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Understanding BusinessManagementISBN:9781259929434Author:William NickelsPublisher:McGraw-Hill EducationManagement (14th Edition)ManagementISBN:9780134527604Author:Stephen P. Robbins, Mary A. CoulterPublisher:PEARSONSpreadsheet Modeling & Decision Analysis: A Pract...ManagementISBN:9781305947412Author:Cliff RagsdalePublisher:Cengage Learning
- Management Information Systems: Managing The Digi...ManagementISBN:9780135191798Author:Kenneth C. Laudon, Jane P. LaudonPublisher:PEARSONBusiness Essentials (12th Edition) (What's New in...ManagementISBN:9780134728391Author:Ronald J. Ebert, Ricky W. GriffinPublisher:PEARSONFundamentals of Management (10th Edition)ManagementISBN:9780134237473Author:Stephen P. Robbins, Mary A. Coulter, David A. De CenzoPublisher:PEARSON
Understanding Business
Management
ISBN:9781259929434
Author:William Nickels
Publisher:McGraw-Hill Education
Management (14th Edition)
Management
ISBN:9780134527604
Author:Stephen P. Robbins, Mary A. Coulter
Publisher:PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract...
Management
ISBN:9781305947412
Author:Cliff Ragsdale
Publisher:Cengage Learning
Management Information Systems: Managing The Digi...
Management
ISBN:9780135191798
Author:Kenneth C. Laudon, Jane P. Laudon
Publisher:PEARSON
Business Essentials (12th Edition) (What's New in...
Management
ISBN:9780134728391
Author:Ronald J. Ebert, Ricky W. Griffin
Publisher:PEARSON
Fundamentals of Management (10th Edition)
Management
ISBN:9780134237473
Author:Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:PEARSON