Reference no: EM132890876
Course Objectives:
Examine the key elements necessary for developing business models.
Synthesize management, marketing, and financial issues.
Prompt:
You have learned about opportunity recognition. It is equally important for the entrepreneur to also understand the implementation aspect and how to execute their idea. Once you understand your business model, it is time to think about how you will enter the marketplace and grow your firm. During entry, you must prove that your business model is viable and profitable. For example, you may ask the question, "Are our customers buying our product(s) at the prices we need to be profitable?
As you learn more about your customer and business, you'll modify your original vision. Entry into the marketplace provides a platform to identify new opportunities and to reshape your business so that it is best positioned to grow and thrive. Thus, it's wise to think about your growth strategy from the very beginning. Today that growth is more likely than ever to mean you'll consider international expansion.
Questions:
Describe your business model. What are your primary sources of revenue? What are your primary revenue drivers?
What is your overall strategy? Why does this strategy help you sell to customers? What tactics can you employ to increase your revenues?
What is your market entry strategy? How does this create a platform for your business to grow? Are there any barriers to entry? If so, what might they be and how will you overcome them?
What is your growth strategy? How big do you want your firm to become? How long might it take for it to get there? Do you have an exit strategy? If so, what is it and why?
|
What are the complexities and challenges facing the trade
: In what ways do trade unions operate at a global level to protect worker''s rights? What are the complexities and challenges facing the trade union movement?
|
|
Benefits of international internship program
: What are the benefits of the international internship program to the interns and to the organization?
|
|
What would you expect to be the total cost
: What would you expect to be the total cost of providing room service in a month in which room service revenue amounts to P150,000
|
|
Discuss relationship between data-information-knowledge
: Discuss the relationship between data, information, and knowledge. Support your discussion with at least 3 academically reviewed articles.
|
|
Key elements necessary for developing business models
: Examine the key elements necessary for developing business models. Synthesize management, marketing, and financial issues.
|
|
What is the character of gain or loss on the short sale
: On June 19, Year 2, the individual covered and delivered the 100 shares at $8 per share. What is the character of gain or loss on the short sale
|
|
Leader-member exchange theory and social network theory
: In a broken nest, there are few whole eggs." Within an organization, broken professional relationships may result in damage to the efficiency
|
|
What is her total amount of monthly payments
: The bike cost $2,750. She is going to put a down payment of 12% and 3 years of payments of $80 per month. What is her total amount of monthly payments
|
|
Discusses breach or violation of regulation
: Find an article online that discusses a breach or violation of a regulation, such as HIPAA, or of a standard such as PCI-DSS, GLBA, or FERPA.
|