Strategic Management
4th Edition
ISBN: 9781259927621
Author: Frank T. Rothaermel The Nancy and Russell McDonough Chair; Professor of Strategy and Sloan Industry Studies Fellow
Publisher: McGraw-Hill Education
expand_more
expand_more
format_list_bulleted
Concept explainers
Question
Chapter 7, Problem 4MS
Summary Introduction
Case summary:
It is given that higher education would limit the ability of an individual to innovate and start a new business. The case stated that there is a complex link between entrepreneurship and education. A capable individual will become an entrepreneur without the help of a college degree. The business innovation was chosen by many entrepreneurs rather than degree.
The two views of being the entrepreneurs are more than 75 percent of graduates are becoming entrepreneurs and it is stated that higher education is an enemy to entrepreneurship due to the impact of education loan.
To determine: The way to apply the strategy to enhance the startup and to sustain a competitive advantage.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
DESCRIBE HOW A COMPANYS MISSION STATEMENT AND OBJECTIVES AFFECT THE WAY MANAGEMENT PLANS ITS BUSINESS PORTFOLIO
How does a firm evaluate and analyze its business portfolio?
How can a firm ensure that their strategic plan remains flexible and adaptable to changing circumstances, while still providing a clear and focused direction for the organization?
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, management and related others by exploring similar questions and additional content below.Similar questions
- "Acquiring, enhancing, and retaining profitable relationships with customers is key to any business growth." What method can help the organization in achieving this. Explain in brief?arrow_forwardDevelop your ideas and support it substantially.arrow_forwardImagine running a large city travel business. Despite many commercial customers, growth has stagnated. You think technology can help you. Does your company have a strength, weakness, vulnerability, opportunity, and threat?arrow_forward
- In determining the purpose of existence of a business, examine the four steps that a business goesthrough to achieve a competitive advantage.arrow_forwardWhat is the optimal business model for rapid growth?arrow_forwarddiscuss how this equation can be distilled into two component ratios: ‘margin’ and ‘turnover’, and explain how the relationship between these component ratios gives an entrepreneur a tool to maximize profitability.arrow_forward
- Research one entrepreneur . Discuss how they developed their venture’s core business team and strategic partnerships, and how it contributed to their success or failure.arrow_forwardHow can our company effectively align its management strategies with the objectives outlined in our business proposal to ensure successful implementation and achievement of desired outcomes?arrow_forwardBegin by choosing a publicly traded corporation( COCA COLA) and conduct research to find articles or academic sources that explain the resources, capabilities, and competencies of your chosen corporation. From your list of competencies, identify your chosen corporation’s core competency (ies). Suppose you have been appointed to conduct a high-level value-chain analysis of your chosen corporation. What would you say are the corporation’s primary and secondary activities? Be specific in describing how each activity adds value to the corporation and ultimately to shareholders’ wealth. Be sure to post at least 2 references in support of your explanations and conclusions.arrow_forward
arrow_back_ios
arrow_forward_ios