Reference no: EM13733890

QUESTION 1

"MBE" Please respond to the following:

From the first e-Activity, determine how organizations such as MBE can help business owners put at least one of the models built around social networks into practice. Support your position.

From the first e-Activity, determine two to three businesses that would be good partners for one another in order to innovate a new product or service. Support your reasoning.

eActivity

Go to Minority Business Entrepreneur (MBE) Website and explore the organization's offerings Then, go to the MBE Business Resource Directory, located here, and consider two to three businesses that would be good partners for one another. Be prepared to discuss.

Go to Forbes' Website and read, "Are You an Innovative Entrepreneur", located here. Then, use the Internet to search for professional associations and other Websites that might help entrepreneurs to find and refine new business ideas. Be prepared to discuss.

QUESTION 2

These organizations can help small businesses network through social media and could lead to businesses connecting with one another that could be mutually beneficial. They would also be able to easily find business that are in the local area and same type of business.

Companies that make Kevlar bulletproof material can partner with a company that makes high end business suit. The suit company can can use the Kevlar cloth made by the Kevlar company to bulletproof a

business suit. Due to the ever growing threats from around the world these suits could be sold to public officials who are under constant threat.

QUESTION 3

"Are You Innovative?" Please respond to the following:

From the second e-Activity, examine at least two of the resources you found. Determine ways that these resources could be useful in aiding entrepreneurs with new business ideas.

From the second e-Activity, propose two actions, alternative to the ones listed in the article, which entrepreneurs can take to be more innovative.

Question 4:

I think a valuable resource for entrepreneurs would be Google. Google can provide almost limitless information about anything an entrepreneur may need. Such as locating material, statics on anything, vendors, and products that could be similar to their own. It could also be useful to find any legal documents or processes that may be required for a new business or product.

Another resource that can be utilized could be contacting other business owners and entrepreneurs. They could be useful in providing advice and information from personal experiences or recommend different resources for you to use in your pursuit.

One action entrepreneurs can take to be more innovative would be to observe a common problem and solve it by using a new process or come up with a simpler or innovative way or idea to solve it.

Another action would be to build a completely new business that is innovative with a completely new product.