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Study Resources (Business Management)

  1.What benefits do entrepreneurs who compete in business plan competitions such as the one at Texas Christian University gain?  2.Work with a team of your classmates to brainstorm ideas for establishing a business plan competition on your campus.  How would you locate judges?  What criteria would you use to judge.
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  3-6. How does the human brain function? 3-7. What operations does each hemisphere of the brain specialize in? 3-8. Which hemisphere is the “seat” of creativity? 3-9.   Briefly outline the 10 “mental locks” that can limit individual creativity. Give an example of a situation in which you subjected yourself to.
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  1-3. Inc. Magazine claims, “Entrepreneurship is more mundane than it’s sometimes portrayed … you don’t need to be a person of mythical proportions to be very, very successful in building a company.”  Do you agree?  Explain.  1-4. What are the major benefits of business ownership?  1-5. Which of the potential.
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1.Develop a monthly cash budget for James Confectioners for the upcoming year. 2.What recommendations can you offer Telford and Ivey James to improve their company’s cash flow? 3.If you were Claudia Fernandes, the Jameses’ banker, would you be willing to increase the company’s line of credit? Explain.     .
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  5-10. Why is a competitive advantage important for a small business to establish?  5-11. What are the steps in the strategic management process? 5-12. A common criticism of mission statements is that entrepreneurs spend too much time crafting them and not enough time implementing them in the business.  What is.
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  4-12.   Even a business that passes a market and financial feasibility analysis may not be a good business for an entrepreneur to launch.  Explain. 4-13.   Why is it essential to develop a sound business model before writing a business plan? 4-14.   List and describe the nine elements of the business.
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  5-20.   Under what conditions is each of the three basic strategies most successful?    5-21.   Explain how a company can gain a competitive advantage using each of the three strategies described in this chapter: cost leadership, differentiation, and focus.  5-22.   Give an example of a company that is using each of.
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  1.How do the characteristics at the model’s nucleus, opportunistic mindset and tolerance of risk and failure, fit together in the entrepreneurial mind?  2.Work with a team of your classmates to interview at least one entrepreneur.  Does he or she fit the model described here?  Explain, giving specific examples from your.
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  2-24. Explain your stance on whether companies should be allowed to test employees for drugs. 2-25. How should a socially responsible drug-testing program operate? 2-26. Many owners of trucking companies use electronic communications equipment to monitor their drives on the road.  They say the devices allow them to remain competitive.
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  2-15. How do social entrepreneurs differ from traditional entrepreneurs? 2-16. What are some social problems you think could be tackled by social entrepreneurs? 2-17. What is social responsibility? 2-18. Describe business’s social responsibility to the environment. 2-19. Describe business’s social responsibility to its employees.     .
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  1.What challenges will owning and operating a franchise business create for these nonprofits?  Explain.  2.What advantages do franchise businesses offer nonprofits that seek side businesses to generate revenues to support their causes?  3.Select a local nonprofit and work with a team of your classmates to brainstorm ideas for a franchise.
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  3.Identify OrderUp’s major competitors.  What are their strengths and weaknesses?    4.Write a short memo (two pages maximum) to Chris Jeffery and his management team describing your strategic recommendations for helping OrderUp gain and maintain a competitive advantage in their industry and realize their goals to grow the company to become.
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  4.Which sources of debt capital offer the greatest potential for SocialToaster’s financing needs?  In what order would you prioritize the sources you have listed (from greatest potential to least potential)?  5.Which sources of equity capital offer the greatest potential for SocialToaster’s financing needs?  In what order would you prioritize the.
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  4-3.What are the risks for an entrepreneur who becomes emotionally attached to an idea for a new business?  4-4.Describe the four components of a feasibility analysis.  4-5.Why is it important for an entrepreneur to be aware of the macro forces that shape a new business venture?  4-6.List and describe the.
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  1.How could the owners of Willow Springs have ensured the safety of their customers and prevented the infections from occurring?  Explain.  2.Would it have been ethical for Willow Springs to remain open after Kali’s case came to light even though there could never be definitive evidence linking the infection to.
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  3-2. How are creativity, innovation, and entrepreneurship related?  3-3. Why are creativity and innovation so important to the survival and success of a business?  3-4. One entrepreneur claims, “Creativity unrelated to a business plan has no value.” What does he mean?  Do you agree?  3-5. Can creativity be taught or.
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  1.What changes in the macro environmental forces are shaping the feasibility of the driverless car?  2.If you were an executive at an automobile company, would you pursue your own model of a driverless car?  Why or why not?  3.What other opportunities for new businesses can you envision that may result.
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  5-14. What are strengths, weaknesses, opportunities, and threats? 5-15. Give an example of strengths, weaknesses, opportunities, and threats.  5-16. Explain the characteristics of effective objectives.  5-17. Why is setting objectives important?  5-18. What are business strategies?  5-19. Describe the three basic strategies available to small businesses.      .
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  1-10. How does the typical entrepreneur view the possibility of business failure?    1-11. How can the small business owner avoid the common pitfalls that lead to business failure?  1-12. Why is it important to study the small business failure rate and the causes of small business failures?  1-13. Explain the.
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  2-20. Describe business’s social responsibility to its customers. 2-21. Describe business’s social responsibility to its investors. 2-22. Describe business’s social responsibility to the community. 2-23. What can businesses do to improve the quality of our environment?     .
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  5-1. Why should an entrepreneur develop a business plan?  5-2. Why do entrepreneurs who are not seeking external financing need to prepare business plans?  5-3. Describe the major components of a business plan.  5-4. How can an entrepreneur seeking funds to launch a business convince potential lenders and investors that.
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1.Many entrepreneurs believe that corporate culture can be a strong competitive advantage.  Do you agree?  Explain.  2.Why do company cultures like the ones InQuicker appeal to employees, particularly members of Generation X and Generation Y?  Explain.  3.What steps can Brody-Waite take to maintain InQuicker’s unique culture as the company grows? .
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  4.Why did the business model of CoolPeopleCare change over time?  Explain why each of the changes in the business model was successful.  5.Develop a business model canvas for the current operation of CoolPeopleCare.  6.What specific recommendations would you make to change the business model of CoolPeopleCare going forward?  What is.
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1.What are some bootstrapping marketing tools that would help CoolPeopleCare build brand awareness and help the company grow?  Explain how each approach to bootstrap marketing would work for this business.  2.Develop a detailed bootstrap marketing plan for CoolPeopleCare that offers specific ideas on how to promote the business.  Why do.
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  3.Do you believe an edible insect business would be successful where you live?  Why or why not? 1.Why would you recommend that an entrepreneur develop a minimal viable product or a prototype? 2.Can you think of additional market research that Aikens could have done before developing his product?  3.What are.
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