Chapter 5 – Entrepreneurship Entrepreneurship – strategic thinking and risk-taking behaviour that results in the creation of new opportunities for individuals and/or organizations Entrepreneurs – risk-taking individuals who take actions to pursue opportunities and situations others may fail to recognize or may view problems Study Question 1: Entrepeneurs are… Franchise Outlet Small Retail shop (convenience store) Self-employed service business (hair dresser that cuts hair in basement) Innovate
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Chapter 1 (Pg 3) Environment – All the living and nonliving things around us Inclusive sense (built environment‚ structures‚ urban centers) and broadest sense (complex webs of social relationships/institutions that shape our daily lives) We are a part of the “natural” world and our interactions etc matter Modify our environment – Our actions have enriched our lives (better health‚ greater material wealth‚ mobility‚ leisure time) Impacts – Air & water pollution‚ soil erosion‚ species
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include services‚ programs and systems essentials. Value Propositions translate those market offerings into a proclamation of the combined benefits a customer will gain. There are essentially 3 elements to Apple’s value proposition. They are: 1. To own the software and the hardware; controlling the experience from beginning to end 2. To make usage very easy and intuitive 3. To present the the hardware‚ simply‚ and elegantly. How did Apple gain customer satisfaction and maintain
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Chapter 1: THE DYNAMIC NEW WORKPLACE Multiple Choice Questions 1. The dynamic new workplace of the 21st century is characterized by: 1. A highly competitive global economy‚ driven by innovation and technology‚ that has created both unparalleled opportunities and unprecedented uncertainties. 2. Smart people and smart organizations creating their own futures. 3. Companies with a future sharing an important commitment to people 4. All of the above. 5. None of the above. 2. The
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1 STUDYING THE MUSIC INDUSTRIES This chapter explores several ways of unpicking and analysing the complex web of practices‚ strategies and narratives that characterize the music industries‚ from political economy and the culture industry to sociological and historical approaches. It also highlights the transformations that digital technologies have brought to all areas of the music industries. KEY FINDINGS • The music industries may be explored from a variety of research perspectives. • Technological
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Acct 496 CH5 Assignment Kangkang Guo Q1. What is a provision‚ and when must a provision be recognized? Provision provides guidance for reporting liabilities of uncertain timing‚ amount‚ or existence. A provision should be recognized when: 1). The entity has a present obligation (legal or constructive) as a result of a past event. 2). It is probable (more likely than not) that an outflow of resources embodying economic events will be required to settle the obligation. 3). A reliable estimate of
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JESUS CHRIST: GOD’S REVELATION TO THE WORLD CHAPTER 5 KINGS AND PROPHETS AWAITING THE MESSIAH Conquest of the Promised Land Joshua The Lord fought for Israel‚ and without his help‚ the Israelites would never have settled in the “land flowing with milk and honey.” Joshua led the Israelites into the Promised Land. Judges In ancient Israel‚ judges were those who acted as temporary military leaders‚ as well as arbiters of disputes within and between tribes. Judges were also expected to remind the
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Part A: Satisfying Service Incident A1: Service Incident Description Name of Firm/Organization: DiGi Telecommunications Sdn. Bhd. Type of Service or Industry: Telecommunication Service Provider Date and Time of Incident: 11/08/2010‚ 3:28 P.M. Circumstances Leading to Incident This incident happened in Berjaya Times Square‚ Kuala Lumpur. I came across an advertisement on DiGi website regarding “What Berry Are You?” promoting the latest mobile data plan package; DiGi Smart Plan Lite. This
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Case 3 Ten Guidelines for Strategic MIS Planning Robert V. Head‚ a consultant on MIS planning‚ provided ten guidelines to help MIS executives who are on the threshold of experimenting with strategic MIS planning: 1. Make provisions in the systems plan for taking small steps rapidly. “Don’t have a plan with goals extending so far into the future that there is no way of tracking it.” 2. Develop alternative plans when significant contradictory trends are discerned in business objectives or technology
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A perfectly competitive firm is a: Correct Answer : price taker The Choices Were: • loss leader • price leader • price taker • price maker ________________________________________ Correct Answer A firm that has monopoly power is a: Your Answer : price maker Correct Answer : price maker The Choices Were: • loss leader • price leader • price taker • price maker ________________________________________ Correct Answer For a perfectly competitive firm‚ price is always identical
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