Reference no: EM13740507
Discussion 1: "Entrepreneurship and Business Model" Please respond to the following:
From the e-Activity, debate the role entrepreneurship plays in America. Next, determine three to five potential advantages and challenges that entrepreneurial ventures must consider. Justify your response.
Choose two companies from the same industry that have been deemed successful by the standards of that industry. Analyze each of the company's business models. Next, evaluate the characteristics of the business models in terms of the degree to which the models in question have played a role in the success of the companies that you previously identified. Provide at least two examples to support your position.
e-Activity: Watch the video titled "Taking on Challenges: How entrepreneurship drives America" (11 m 52 s). Be prepared to discuss. https://www.economicfreedom.org
Discussion 2: "Business Planning" Please respond to the following:
From the second case study, analyze how business planning can be an overarching and continuing development process that requires constant reevaluation of the company and its environment. Support your analysis.
From the second case study, analyze the PlanningShop business planning process, and determine the key factors that defined the company's winning strategy for business planning. Next, suggest at least two methods that the company can take to identify opportunities and threats and adapt its business accordingly.
Case studies
1: Luxury doesn't just happen: The Ritz-Carlton Hotel Company. Be prepared to discuss.
2: Business planner plans for survival. Be prepared to discuss.
Discussion 3: "Competitive Analysis" Please respond to the following:
From the case study, evaluate MySpace's competitive and strategic landscape using the Strengths, Weaknesses, Opportunities, and Threats (SWOT) analysis. Next, determine the potential opportunities to improve MySpace's competitive position.
Identify two different niche markets: one of a product-based niche, and the other of a service-based niche. Evaluate and compare how each niche distinguishes itself from its competitors in terms of market size, opportunity for advertisement, market need, and ability to sustain the business long term.
Case study
1: Social Status: The rise and fall of MySpace.
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