Reference no: EM132235683

Question: Section 2: As in section one, read section two and respond to the following questions. Remember to repeat the question and respond in full sentences.

Section 2: Chapter 4: Question 1

Identify four ways that a company may obtain and retain its competitive advantage.

(Discussed on page 87) Discuss these ways in terms of the macro-environment of a company. (This includes economic, legal-political, technical, sociocultural, and environmental conditions as well as technical conditions)

Section 2: Chapter 4: Question 2

Offshoring and Re-shoring are methods by which a company achieves financial goals. Briefly discuss why a company would off-shore and later re-shore its production.

Section 2: Chapter 4: Question 3

Innovation is critical to organizational success. The text cites "skinkworks" and the ambidextrous organization. How can structures like these lead to innovation in an organization? What are their strengths and weaknesses?

Section 2: Chapter 5: Question 1

What are the differences between the following types of ventures: franchising, a joint venture, a global strategic alliance, and direct investment in a foreign subsidiary? (This is a particularly important question, as each type of investment has a different level of risk) Discuss this in terms of level of commitment and risk.

Section 2: Chapter 5: Question 2

NAFTA and the EU (European Union) are both regional alliances. What are the differences between the two alliances?

Section 2: Chapter 5: Question 3

What are the differences between high context cultures and low context cultures? Give examples and discuss how individuals from the two different cultures could have misunderstandings?

Section 2: Chapter 6: Question 1

On Page 141, there is a section on internet entrepreneurship. There are four different models identified; advertising, subscription, intermediary and transaction. Which type of model do you think would be the most difficult to develop and maintain? Which would be the easiest? Why?

Section 2: Chapter 6: Question 2

On Page 140, there is a discussion of the small business - the number of employees involved in small business and impact on the economy. Why do you think that so many small businesses exist and why do individuals choose to be small business entrepreneurs? There are reasons provided throughout the chapter.

Section 2: Chapter 6: Question 3

Many small businesses fail in the first five years. The text lists a number of reasons why this occurs. What do you think is the primary reason that they fail (choose one of the eight listed) and why.

Section 2: Chapter 6: Question 4

There are a number of ways that new ventures are financed. Briefly discuss the advantages and disadvantages of debt financing versus equity financing. When discussing equity financing include the role of venture capitalists and the angel investor. (For the students information, many small businesses begin with the individual's personal money or money borrowed from family members)

Once again, as with Section 1, select one of the questions and expand it into a two to three page double spaced essay. Further information under writing assignments.