Wherever there is a market failure there are entrepreneurial opportunities. A long-standing problem in the used car market was the sellers of used cars had better information about the cars than the buyers of the cars. This asymmetric information problem dubbed the market for lemons, set off something of a revolution. One solution to the …
Market failure there are entrepreneurial opportunities Read More »
Review your own personal food history, your earliest and most memorable experiences involving food. What was it that made these experiences stand out? The freshness of the flavors? The particular combination of flavors? The setting? Something else?
1 What is the difference between qualitative forecasting techniques and quantitative forecasting techniques? 10 Points 2 When is it more appropriate to use a qualitative forecast? 10 Points 3 When is it more appropriate to use a quantitative forecast? 10 Points 4 Monthly sales for the RUOK Company for the last 6 months are as …
1. At the beginning of the year, a software developer quit his job and gave up a salary of $90,000 per year in order to start Turnip Tom’s organic farm. A partial income statement for the first year of operation for Turnip Tom’s, Inc., is shown below: Revenues $ 98,000 Operating costs and …
Managerial economics: Foundations of business analysis and strategy Read More »
Mohit Aron, the founder and CEO of Cohesity, a Silicon Valley data-management firm and, with a valuation of $2.5 billion in its latest round of funding—a unicorn. Aron, 47, grew up in Chandigarh, India’s most modern and affluent city. After finishing his education, Aron moved to Silicon Valley and joined a growing company with fewer …
The concept of physical space greatly influencing entrepreneurship success Read More »
Select one of the following scenarios: Scenario 1: You are a budding entrepreneur with a great idea and you want to pitch it on the TV show “Shark Tank.” Your product or service should be something the Sharks will want to sink their teeth into. Scenario 2: You’ve got a great idea you want to …
As the founder and owner of an upstart electronics firm, you see the need to develop a framework for managing innovation and entrepreneurship. Address any three of the following bullet points: How you will encourage your employees to think like entrepreneurs. How you will identify, select, and evaluate potential breakthrough ideas. …
Discuss whether the term “corporate entrepreneurship” is an oxymoron. Can corporations—especially large ones—be innovative? Support your answer with examples. Use the Internet to find an example of two corporate innovations—One brought about through autonomous strategic behavior and one developed through induced strategic behavior. Which innovation seems to hold the most promise …
Is there any research suggesting how well the business strategies of innovation and entrepreneurship work?
