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    Strayer,Devery,Harvard University
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Category > Business & Finance Posted 03 Aug 2017 My Price 5.00

This lesson is about the "new”--both new products or services and new organizations

1.

This lesson is about the "new”--both new products or services and new organizations. Innovation and entrepreneurship are fundamental to today's world economy. However, they also pose difficult choices: be a first-mover or a fast-follower, as well as handling takeover bids. Entrepreneurship is a fundamental organizational process, as all businesses start as an act of entrepreneurship. Two main themes link entrepreneurship with innovation: timing and relationships. Timing decisions include when to be a first-mover or fast-second in innovation, and when, and if, an innovation will reach its tipping point--the point where demand takes off; and, for an entrepreneurial new venture. Creating innovations or new organizations is very rarely done along. Successful innovation and entrepreneurship are typically done through relationships. These relationships come in many forms: sometimes relationships between organizations and their customers; sometimes relationships between big business and small start-ups; and sometimes between business and social entrepreneurs (entrepreneurs that create new ventures to address social problems).

 

a. Compare and contrast entrepreneurial ventures and small businesses?

b. Why are these organizations important to a country's economy?

c. Describe the strategic management process for these organizations.

d. Describe the specific strategic issues that face entrepreneurial ventures and small businesses.

 

 

2.

a. What are the typical sources of revenue for not-for-profits (NFP)?

b. Identify the main types of NFPs?

c. Compare and contrast the strategic management process for NFPs and for-profits.

d. Explain how functional, competitive, and corporate strategies might be used in NFPs and public sector organizations.

e. Discuss the specific strategic issues facing NFPS.

 

 

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SophiaPretty
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Status NEW Posted 03 Aug 2017 11:08 AM My Price 5.00

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