eed strategies? 2. How do the major entry wedges help
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1. Why do new ventures need strategies?
2. How do the major entry wedges help create momentum for the new venture?
3. How do the minor wedges supplement the major ones?
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- Do you disagree that IT is a great way to invert and diversify a company portfolio.When a company reaches a certain point in its evolution, founders, investors, and executives often think about planning and implementing a growth strategy. In this perspective, briefly discuss the concept of diversification strategy as a growth strategy. Also discuss their types along with their advantages and disadvantages. Use real life examples to support your answersWhy might a big company like Lenovo want to develop strategicpartnerships with locally owned computer stores? Describe what Lenovowould have to do to maintain such relationships.
- 4. What strategic goal can an IS attain that does not involve wresting market share from competitors?Provide some business exambles.Imagine yourself as a entrepreneur / founder of a business . You want to expand the business and you need capital to that do . Your potential investors need to know about , Write a paragraph on each of the following points : • You ( and your related / relevant experience ) • Your product and it's market ( source of supply , level of demand etc ) • Your business idea • The reward they might obtain from investing in your business ( financial reward , prestige etc .What is corporate-level strategy? Why is corporate-level strategy important for a company seeking rapid growth?
- A proposed business (ice cream) should candidly evaluate the prowess, or ability, of its management team to satisfy itself that management has the requisite passion and expertise to launch the venture? Two of the most important factors in this area are:a) The passion that the sole entrepreneur or the founding team has for the business (ice cream) idea?b)The extent to which the sole entrepreneur or the founding team understands the markets in which the firm will participate?Pick a company and discuss the following:1. Discuss factors affecting a competitor's likelihood to take competitive actions.2. Describe factors affecting the likelihood a competitor will respond to actions taken by its competitors.3. Explain competitive dynamics in slow-cycle, in fast-cycle, and in standard-cycle markets.1. Outline how strategic alliances can provide options for marketing opportunities and include two examples of alliances (also known as cooperative business models) that can be formed between businesses. 2. Outline how the development of existing products or services can provide marketing opportunity options for a business, both in existing and new markets. Relate your answer to relevant diversification strategies from the Ansoff matrix. 3. Outline how a takeover can create options for marketing opportunities for a business. 4. Outline key information that a franchiser should consider providing when marketing their franchise opportunity. 5. Outline how a company can use the establishment of a new business as an opportunity for marketing. Provide an example to illustrate your answer. 6. Outline two other marketing opportunity options that a business could choose to pursue other than options explored in the questions above. 7. Explain the importance of the product…
- If this means you’ll enter a new industry, how will you do that?There are three ways that are described in the book: new venturing, acquisitions,and joint ventures. What approach applies to your strategic plan based on theindustry you operate in?of tion Determine whether the following statement is true or false: Finding a suitable buyer is the most important consideration when developing an exit strategy for an entrepreneurial venture. Select one: O a. True; if the buyer is inexperienced, the company risks financial loss and long-term failure. O b. True; a business's valuation is determined by the buyer's financial resources. O c. False; there are numerous factors to consider, including company valuation and personal goals/objectives. O d. False; the most important consideration for an entrepreneur is profitability. 41. Describe why your company needs to diversify. 2. What problem will diversifying the company will solve. 3. What kinds of quantitative and qualitative data will you target in your research on the current auto industry and new industry?