According to materials in this chapter, prior entrepreneurial experience, relevant industry experience, and networking are attributes that strengthen a person’s chances of launching a successful venture. Think about the type of company you might choose to launch one day. Which of these three attributes do you possess? What steps can you take today to build strengths in the areas where you lack them?

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MGT 330 – Entrepreneurship

Assignment for class – MGT 330 – Entrepreneurship.
Textbook: Entrepreneurship: Successfully Launching New Ventures, 6th Edition. Barringer and Ireland. Published by Pearson/Prentice-Hall.
1. Read Chapter Nine Notes (attached)

2. Chapter Reflection/Summary (600 words): **A summary of the main chapter points (500 words) using your own words and a brief (100 word) personal reflection of what was personally most interesting or useful to you from the chapter.

3. Answer the Application Question below (500 words): According to materials in this chapter, prior entrepreneurial experience, relevant industry experience, and networking are attributes that strengthen a person’s chances of launching a successful venture. Think about the type of company you might choose to launch one day. Which of these three attributes do you possess? What steps can you take today (and shortly in the future) to build strengths in the areas where you lack them?

Imagine you are opening a tutoring service near Central Connecticut State University. What would be the characteristics of a comprehensive social media strategy that you would employ to build your brand, engage customers, and generate leads and sales revenue?

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Unique Marketing Issues

Assignment for class – MGT 330 – Entrepreneurship.
Textbook: Entrepreneurship: Successfully Launching New Ventures, 6th Edition. Barringer and Ireland. Published by Pearson/Prentice-Hall.
1. Read Chapter Eleven Notes (attached)

2. Chapter Reflection/Summary (600 words): **A summary of the main chapter points (500 words) using your own words and a brief (100 word) personal reflection of what was personally most interesting or useful to you from the chapter.

3. Answer the Application Question below (500 words): Imagine you are opening a tutoring service near Central Connecticut State University. What would be the characteristics of a comprehensive social media strategy that you would employ to build your brand, engage customers, and generate leads and sales revenue?

In what ways have your experiences in leadership been affected by the presence or absence of the Holy Spirit? What helpful thoughts or insights on prayer will you remember from this chapter? What three areas of your life do you feel would be improved as a result of better use of time?

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Spiritual Leadership Discussion

Discussion Post – J. Oswald Sanders
Reflect on what read in Spiritual Leadership, then answer or address each of the following:
(1) In what ways have your experiences in leadership been affected by the presence or absence of the Holy Spirit? (Provide examples)
(2) What helpful thoughts or insights on prayer will you remember from this chapter?
(3) What three areas of your life do you feel would be improved as a result of better use of time?

Compute the average score for FP, CP, IP, and SP. For example, if the FP axis had 5 selected factors, sum the 5 assigned values and divide by 5. Plot the resulting 4 average scores for FP, IP, SP, and CP on the appropriate axis in the SPACE matrix. Add the two average scores on the x-axis (CP average score + IP average score) and plot the resulting point on X. Add the two average scores on the y-axis (FP average score + SP average score) and plot the resulting point on Y. Plot the intersection of the new (x, y) coordinates.

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CPM Ceasars Entertainment Space Matrix

Instructions to Complete a SPACE Matrix (Chapter 6)

 The axes of the SPACE matrix represent two internal dimensions (Financial Position FP and Competitive Position CP) and two external dimensions (Stability Position SP and Industry Position IP). These four factors are the most important determinants of a company’s overall strategic position. Examples of these factors are included in Chapter 6 Table 6-2:

Example Factors that Make Up the SPACE Matrix Axes

Internal Strategic Position External Strategic Position
Financial Position (FP)

▪Return on Investment

▪Leverage

▪Liquidity

▪Working capital

▪Cash flow

▪Inventory turnover

▪Earnings per share

▪Price earnings ratio

 

 Competitive Position (CP)

▪Market share

▪Product quality

▪Product life cycle

▪Customer loyalty

▪Capacity utilization

▪Technological know-how

▪Control over suppliers and distributors

 Stability Position (SP)

▪Technological changes

▪Rate of inflation

▪Demand variability

▪Price range of competing products

▪Barriers to entry into market

▪Competitive pressure

▪Ease of exit from market

▪Risk involved in business

 Industry Position (IP)

▪Growth potential

▪Profit potential

▪Financial stability

▪Extent leveraged

▪Resource utilization

▪Ease of entry into market

▪Productivity

▪Capacity utilization

 

  1. For your case study company, select the appropriate factors that define FP, CP, SP, and IP.
  2. Assign a numerical value ranging from +1 (worst) to +7 (best) to each of the selected FP and IP factors.
  3. Assign a numerical value ranging from -1 (best) to -7 (worst) to each of the selected SP and CP factors.

On the internal FP and CP axes, make comparisons to competitors (same industry).

On the external SP and IP axes, make comparisons to other industries.

On the SP axis, know that a -7 denotes highly unstable industry conditions, whereas a -1 denotes highly stable conditions.

  1. Compute the average score for FP, CP, IP, and SP. For example, if the FP axis had 5 selected factors, sum the 5 assigned values and divide by 5.
  2. Plot the resulting 4 average scores for FP, IP, SP, and CP on the appropriate axis in the SPACE matrix.
  3. Add the two average scores on the x-axis (CP average score + IP average score) and plot the resulting point on X.
  4. Add the two average scores on the y-axis (FP average score + SP average score) and plot the resulting point on Y.
  5. Plot the intersection of the new (x, y) coordinates.
  6. Draw a directional vector from the origin of the SPACE matrix (0,0) through the new (x, y) coordinate.

This vector, located in one of the four matrix quadrants, reveals the particular strategy types the organization should select from to formulate the right strategy statements.

 

An example:

Internal Strategic Position External Strategic Position
Financial Position (FP)

▪Return on Investment,   6

▪Leverage,                          3

▪Liquidity,                           4

▪Working capital,              5

▪Cash flow,                         6

AVERAGE                           4.8

 

 Competitive Position (CP)

▪Market share,                            -1

▪Product quality,                         -2

▪Customer loyalty,                      -2

▪Technological know-how,        -3

▪Control over suppliers and distributors,                                 -2

AVERAGE,                                   -2.0

 Stability Position (SP)

▪Rate of inflation,                            -1

▪Technological changes,                -5

▪Competitive pressure,                  -3

▪Demand variability,                       -4

▪Barriers to entry into market,     -4

AVERAGE                                      -3.4

 Industry Position (IP)

▪Growth potential,                          4

▪Financial stability,                          5

▪Ease of entry into market,            3

▪Resource utilization,                      5

▪Productivity,                                    5

AVERAGE                                          4.4

 

 

y-axis = FP + SP = 4.8 + (-3.4) = 1.4

x-axis = CP + IP = -2.0 + (+4.4) = 2.4

x, y coordinates for plotting = (2.4, 1.4) which fall in the Aggressive quadrant (next page).

 

Select one or more of the 5 strategy types from the Aggressive quadrant, in this example, and formulate one or more strategy statements for each selected strategy type.

 

Provide a supplemental essay in which you explain how your academic and professional experience provide evidence of your quantitative, verbal, and reasoning abilities.

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Application Essay

Essay 2 (Required for those who do not submit a GRE, GMAT, or GMAC Executive Assessment score, 500 word maximum)

If you will not be submitting a test score, provide a supplemental essay in which you explain how your academic and professional experience provide evidence of your quantitative, verbal, and reasoning abilities. Be sure to include at least one specific example for each of the three abilities listed above.

Suppose a colleague of your is gearing up to write a business plan for a business she intends to start. She told you she plans to prepare the financial statements first to get that job out of the way before she tackles the rest of the plan. What is the flaw in your colleague’s logic as described to you?

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Financial Analysis – Entrepreneurship

Textbook: Entrepreneurship: Successfully Launching New Ventures, 6th Edition. Barringer and Ireland. Published by Pearson/Prentice-Hall.

1. Read Chapter Eight Notes (attached)

2. Chapter Reflection/Summary (600 words): **A summary of the main chapter points (500 words) using your own words and a brief (100 word) personal reflection of what was personally most interesting or useful to you from the chapter.

3. Answer the Application Question below (500 words): ** Suppose a colleague of your is gearing up to write a business plan for a business she intends to start. She told you she plans to prepare the financial statements first to get that job out of the way before she tackles the rest of the plan. What is the flaw in your colleague’s logic as described to you?

Your assignment: At least one page outlining why this is a bad idea explaining why in detail in terms of what will likely be missed using material from the chapter in your response.

How diverse is the country/region? What are facts and trends for the country/region? How has the country/region become more diverse? What resistance was there for diversity and inclusion? What paths have the country/region taken to become diverse? If none, why are they resisting diversity and inclusion? How do company leaders in your chosen country/region view diversity and inclusion?

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Thoughts and behaviors of diversity and inclusion in the U.S.

In this unit, we have focused on the thoughts and behaviors of diversity and inclusion in the U.S. and around the world. For this assignment, you will have the opportunity to examine the trends of thoughts and behaviors of diversity and inclusion for a specific country. You will choose one country or region of the world and determine the current state of diversity in its companies and also focus on the recent trends in the thoughts and beliefs regarding diversity and inclusion among the citizens of the country or region. Specifically, your research and analysis should include the following content areas:

1. Opportunities from Diversity: How diverse is the country/region? What are facts and trends for the country/region?
2. Challenges of Diversity: How has the country/region become more diverse? What resistance was there for diversity and inclusion?
3. Best Practices: What paths have the country/region taken to become diverse? If none, why are they resisting diversity and inclusion? How do company leaders in your chosen country/region view diversity and inclusion?
4. Regional Characteristics: What specific diversity and inclusion characteristics are found in your region/country?
5. Conclusion: What can the rest of the world learn from your country/region regarding diversity and inclusion (positive and negative)?

Using the Required Unit Resources and the Suggested Unit Resources for Unit III and also conducting your own research using the Waldorf Online Library on the topic, you will complete a three-page research activity on your chosen country/region. Your submission should also include at least four scholarly sources (include at least one new scholarly source that is not found in this unit). The sources that you use should be current (5 years or newer) to ensure that the updated information on the country’s diversity and inclusion are discussed.

Adhere to APA Style when constructing this assignment, including in-text citations and references for all sources that are used. Note that no abstract is needed.

Write a review that is a minimum of three pages in length of the article listed above. Analise how the article relates to this course’s content and how it applies to real-world situations.

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Business Source Complete database

For this assignment, analyze the following article found in the Business Source Complete database in the Waldorf Online Library:
Ogbonna, E., & Harris, L. C. (2001). The founder’s legacy: Hangover or inheritance? British Journal of Management, 12(1), 13–31. http://libraryresources.waldorf.edu/login?url=http://search.ebscohost.com/login.aspx?
direct=true&db=bth&AN=4731283&site=ehost-live&scope=site

Write a review that is a minimum of three pages in length of the article listed above. Include the following elements in your article review:
an introduction to the overarching topic of the article,
the authors’ main points,
the authors’ supporting evidence for each main point,
your analysis of how the article relates to this course’s content (attached document) and how it applies to real-world situations,
your critical evaluation of the main points and supporting evidence presented in this article (your evaluation should demonstrate critical thinking to inform and substantiate your opinion), and a conclusion.

Adhere to APA Style when constructing this assignment, including in-text citations and references for all three required sources that are used. Note that no abstract is needed.

What type of strategic alliance was created between Disney and Pixar? Discuss how Disney achieve competitive advantage from this alliance.

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Discussion #5

INSTRUCTIONS FOR YOUR DISCUSSION POSTS

Read Mini Case 9, Disney: Building Billion-Dollar Franchises (page 499-502)

(50 points): Post your responses to the following:
What type of strategic alliance was created between Disney and Pixar? Discuss how Disney achieve competitive advantage from this alliance.

Discuss the values and behaviors of the founder. How have those values and behaviors become embedded within the organization culture? Is the founder currently involved with the organization, or when was the founder last involved? Who was the founder’s successor for leading the organization, and why do you think that individual was selected? If the founder is still involved with the organization, discuss whom you think might be a possible successor and why that individual may be considered.

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Steve Jobs and Apple

Give an example of a founder who has had a major impact on the culture of the organization that he or she founded. This example may be the founder of your current or past organization, or it may be a famous individual who founded an organization.

Discuss the values and behaviors of the founder. How have those values and behaviors become embedded within the organization culture?
Is the founder currently involved with the organization, or when was the founder last involved? Who was the founder’s successor for leading the organization, and why do you think that individual was selected? If the founder is still involved with the organization, discuss whom you think might be a possible successor and why that individual may be considered.