The Entrepreneurial Process (BUSM 1311) Semester 2‚ 2013 Weekly Topics for in-class Debates Chapter 1 “Maslow talked about self-actualization as the zenith of human fulfilment. You can only fulfil yourself by owning your future. That’s what entrepreneurs do. Therefore if you are not an entrepreneur‚ you will never be any good” – discuss pro and against. Chapter 2 “In order to succeed in business‚ you must first slay three dragons – family‚ friends and religion” – discuss pro and against
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you meet your customer needs‚ and those are explained below: First and foremost offer good customer service. The customer is not always right‚ but they should always be respected and valued. So‚ make sure that your customers know they are important to you‚ and that you want to meet their needs. If they know this‚ they will be more forgiving‚ and they will be more willing to stay loyal to you and help you meet their needs by informing you of what those needs are. Another great way to meet customer
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1. Suppose there are 100 consumers with identical individual demand curves. When the price of a movie ticket is $8‚ the quantity demanded for each person is 5. When the price is $4‚ the quantity demanded for each person is 9. Assuming the law of demand holds‚ which of the following choices is the most likely quantity demanded in the market when the price is $6? Explain and show calculations‚ While the question asks of the choices given what the quantity demanded will be‚ there are no choices
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“Tis not the drinking that is to be blamed‚ but the excess”. Alcohol is an example of intoxicating drink. Society has viewed people who drink to excess as irresponsible‚ immoral‚ and of weak character. We know that alcohol has its consequences. At the same time‚ people don’t care and disregard its consequences. Alcohol drinking affects the way a person thinks‚ acts and feels. Many of us are at point in our life where we are searching for excitement and ways to fit in and have fun. For me‚ alcohol
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Weekly Summary Reading assignment: The reading assignments were excellent this week. Learning the details of the 9-step model for problem-solving will be beneficial to my business for years to come. I have learned many models in my industry over the years to manage the business but have not seen the model we learned this week. The process-orientated technique is effective for making sound‚ factual decisions that are pointed and objective for the business solutions needed. The importance
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Online Quizzes 1-6 Quiz 1 1. Economics is best defined as the study of how A. prices and quantities of goods and services are determined in markets B. private firms and households respond to taxes and subsidies C. people make choices in the presence of scarcity and the results of those choices. D. interest rates and exchange rates are determined 2. The scarcity principle implies that A. people will never be satisfied with what they have B. as wealth increases‚ making choices
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29‚ 2012 Martha Nussbaum: “Not for Profit: Why Democracy Needs the Humanities” Martha C. Nussbaum is the author of the book‚ “Not For Profit: Why Democracy Needs the Humanities.” The book begins by drawing the reader’s attention by explaining the “Silent Crisis.” She describes education in the eyes of the government‚ and in the eyes of the people. There is a connection made between education and the liberal arts. The title of the book‚ “Not For Profit‚” are three simple words that when put
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How to Increase job performance ….the main thing that matters to you as an employer is probably the way people do their jobs‚ and the results that they achieve. You cannot afford to employ people just because they are nice guys; you need to turn them into nice productive guys (Hackett‚ 1979). The above assertion by Hackett‚ (1979) cited in Ejiogu (2001:91) clearly explains the need and rationale for training‚ capacity building‚ appraisal or evaluation and motivation of staff or employees by the
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Market power allows firms to increase economic profit through strategic tactics such as erecting barriers to entry‚ reducing rivalry‚ limiting substitutes‚ and reducing the power of buyers and suppliers (Brickley‚ Smith‚ & Zimmerman‚ 2009). Furthermore‚ market power is defined as “a company ’s ability to manipulate price by influencing an item ’s supply‚ demand or both. A company with market power would be able to affect price to its benefit. Firms with market power are said to be "price makers"
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your past or current employment of this type of resistance to change. How was this obstacle managed? What actions would you now recommend and why? • Is it possible to eliminate resistance to change within a work environment? Why or why not? Week Six Discussion Questions • How has the structure of today’s organization changed from the organization of the past? What is the most significant event in the evolution of organizational structure? Defend your response. • How can an organization
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