Entrepreneurial strategy - Study guides, Class notes & Summaries

MAN 4720 Final Exam with Complete Solutions Strategic Management the ongoing process companies use to form a vision, analyze their external environment and their internal organization, and select one or more strategies to use to create value for customers and other stakeholders, especially shareholders Vision contains at least two components - a mission that describes the firm's DNA and the "picture" of the firm, as it hopes to exist in a future time period Strategy an action p...

A business plan would best be described as the initial rough sketch of an idea for starting a new venture True False - Answer False The business plan describes all the elements involved in starting the new venture. The business plan describes the venture and its market, strategies, and future directions. It often has functional plans for marketing, finance, manufacturing, and human resources. Most small business ventures are in the ________ category of the entrepreneurial strategy ma...

UCF MAR 3023 Exam 1 Review Latest Update Graded A+ Marketing An organizational function and a set of processes for creating, capturing, communicating, and delivering value to customers and for managing customer relationships in ways that benefit the organization and its stakeholders. Marketing Plan A written document composed of an analysis of the current marketing situation, opportunities and threats for the firm, marketing objectives and strategy specified in terms of the four Ps,...

2024 WGU C483 - PRINCIPLES OF MANAGEMENT ACTUAL QUESTIONS AND ANSWERS WITH COMPLETE SOLUTION A value chain is the sequence of activities that begins with raw materials. What result does a value chain end with? Choose 1 answer Supply and demand Operations and logistics Outsourcing or insourcing Delivery of products or services Ans- Delivery of products or services What happens when an effective value chain is created? Choose 1 answer Profit margins are increased. A missi...

Which of the following is not a phase of the overarching marketing process? Understand the marketplace and consumer wants Engage customers, build profitable relationships, and create customer delight Correct!Sorry, you can't trick me. All of the possible answer choices are phases of the overarching marketing process. Construct an integrated marketing program that delivers superior value Capture value from customers to create profits and customer equity Design a customer value-driven marke...

BUS 3303 Entrepreneurship Final Exam 9 Questions and Answers Solved 100% Correct; University of the People BUS 3303 Entrepreneurship Final Exam 9 Questions and Answers Solved 100% Correct; University of the People BUS 3303 Entrepreneurship Final Exam 9 Questions and Answers Solved 100% Correct; University of the People BUS 3303 Entrepreneurship Final Exam 9 Questions and Answers Solved 100% Correct; University of the People Sored 100% Question 1 Answer saved Marked out of 1.00 ...

Gmetrix Questions and Answers with Verified Solutions Besides defining strengths and weaknesses, what is the other main factor determined during a self-assessment? risk tolerance Which are considered risks of being an entrepreneur? choose three answers. Financial instability & Possible business failure & Long hours George wants to take his passion for golf and open a golf academy. What would be the benefits George could enjoy from this experience? Choose two Financial gain & Satis...

MGMT100 TEST QUESTIONS WITH ALL CORRECT ANSWERS Common reasons for business failure - Answer- personal reasons, poor economic conditions, underestimation of start-up time, undercapitalisation, overestimation of market size, lack of managerial skills, lack of cash flow, wrong business location, poor selling point, incompetent human resources, ethical failure, zero strategic thinking, no commitment 5 stages of the entrepreneurial growth cycle - Answer- start-up, survival, growth, expansion,...

What business sector generated the highest share of revenues in 2021? - Answer - fashion & leather goods How many stores does LVMH manage? - Answer - 5,500 Which was the first Perfume launched in 1947 by Christian Dior? - Answer - Miss Dior What are the key drivers for selective retailing maisons? - Answer - - Constant innovation -Personalisation of relationships -Transforming shopping in a unique experience Select the latest Maison who joined the LVMH Watches & Jewelry divisi...

ESB Questions and Answers Graded A+ Online Networking - Answer ️️ -Each day, Donnie posts the progress of her new building to Facebook as a countdown to opening her business. What type of networking is Donnie using? Increase of service - Answer ️️ -Ophelia discovers her competitor's turnaround time is double her turnaround time. What should Ophelia's new marketing strategy be to woo back her customers? Which three things are defined when doing a self-assessment? - Answer ️️ -...