New Semester
Started
Get
50% OFF
Study Help!
--h --m --s
Claim Now
Question Answers
Textbooks
Find textbooks, questions and answers
Oops, something went wrong!
Change your search query and then try again
S
Books
FREE
Study Help
Expert Questions
Accounting
General Management
Mathematics
Finance
Organizational Behaviour
Law
Physics
Operating System
Management Leadership
Sociology
Programming
Marketing
Database
Computer Network
Economics
Textbooks Solutions
Accounting
Managerial Accounting
Management Leadership
Cost Accounting
Statistics
Business Law
Corporate Finance
Finance
Economics
Auditing
Tutors
Online Tutors
Find a Tutor
Hire a Tutor
Become a Tutor
AI Tutor
AI Study Planner
NEW
Sell Books
Search
Search
Sign In
Register
study help
business
entrepreneurship
Entrepreneurship Successfully Launching New Ventures 6th Edition Bruce R Barringer, R Duane Ireland - Solutions
Based on the information included in this chapter, in general, do entrepreneurs tend to overestimate or underestimate their knowledge of the laws that pertain to starting a new firm, and why?
When should your friend, who is considering launching a consulting firm to provide financial services to small businesses, think about the ethical climate she wants to establish in her venture?
Janine Morris has prepared a business plan for her online shoe business. She has approached an angel investor to support her business financially. Being a close friend, she showed you her business plan and asked for your opinion. After reading through her plan, you noticed that her plan did not
Recently, Megan, Jennifer, and Mark, the cofounders of a medical products company, presented their business plan to a group of investors in the hopes of receiving funding for their venture. One of the investors asked the three, “How much of your personal money do each of you have invested in this
Michael Graves and Jill Simpson just left their jobs with Microsoft to launch a business that will sell a new type of fax machine.They wrote a full business plan that they’ve asked you to review. When reading the plan, you noticed that several key sections begin with the phrase “We
Shane Hanks has prepared a business plan for his phone app Mobil Gym, and needs a few tips on how to effectively present the business plan to his potential investors. His business plan has a couple of investors interested and now he needs to meet them in person and present to his plan. Guide Shane.
The entrepreneurship class you are taking meets for four hours once per week.A break of 10 minutes or so takes place after the first two hours of each class.During a recent break, you overhead one of your classmates say to another person that in her opinion, the teacher is overselling the
Ginny Welch needs to prepare a market analysis for her business plan for a loan provider which is due in the next two weeks. However, she does not know what to write and who her target market is. All she knows is that her potential customers are those who are seeking a healthy lifestyle, as she is
Josh White has a brilliant idea of starting up an e-payment business using online payment kiosks. However, he is looking for investors to fund his business. As you are a good friend to Josh, he called you to seek advice on writing a good business plan to attract potential investors. He needs a
A good friend of yours, Andrew Waters, has decided to leave his corporate job in order to launch a private SEO (search engine optimization) consulting firm. He is putting together a business plan for this venture and says the following to you: “I’ve read several books and articles about how to
Travis Ryan is one of four cofounders of a skateboard company. The cofounders have decided to write a business plan to obtain funding for their venture. During a recent meeting, Travis said, “I know that we’re all really busy, so I’d like to volunteer to write our business plan. A friend of
What is the number-one rule in making an investor presentation?
What is the difference between a product prototype and a virtual prototype?
What is the purpose of a mission statement?
What is the purpose of an executive summary?
Why is the “Management Team and Company Structure” section of a business plan often touted as one of the most important sections?
What is the purpose of the “Operations Plan” section of a business plan?
If you’re developing a completely new product or service, what type of information should you include in your business plan regarding the status of the development efforts?
What is the purpose of “The Economics of the Business” section of a business plan?
Why should an entrepreneur keep an open mind about the elements of a business plan changing?
What is the difference between the industry analysis section and the market analysis section of a business plan?
Why should the executive summary, which is one of the first things that appears in a business plan, be written last?
What are the differences among a summary business plan, a full business plan, and an operational business plan?
Why is it important for a business plan to follow a conventional structure rather than be highly innovative and creative?
How will investors typically react if they think a business plan is based on estimates and predictions rather than on careful analysis and facts?
Who reads the business plan and what are they looking for when doing so?
Why is writing a business plan the last activity to be completed in the entrepreneurial process?
What are the two primary reasons for those starting a new venture to write a business plan?
When is the appropriate time to write a business plan?
What are the advantages of preparing a business plan for a new venture?
What is a business plan?
Stella Marie has just ventured into the flower business. Her core business is to sell flowers. However, she is aware that her competitors are not only those shops that sell flowers. She needs to do a competitive analysis to face the competition better. The first step in a competitive analysis is to
Ben Jose is an established entrepreneur in your neighborhood. He has been running an Italian restaurant for the last 10 years and has enjoyed great profits due to his good relationship with his suppliers.However, recently he noticed a drop in his profits that he couldn’t explain initially. After
Trends in the motorcycle industry are presented early in this chapter. Revisit this issue by identifying the effects of economic, demographic, and regulatory changes that may affect the motorcycle industry at the time you are reading this book.
A friend of yours came to you for advice.She was in the middle of preparing a competitive analysis grid for her online clothing business. She understands that in order for her to prepare the analysis grid, she needs to first understand the strategies and behaviors of her competitors, and this
In groups of two, choose a new venture of your interest. It is helpful for a new business to study industry types and determine the opportunities that they offer. Identify your chosen industry type and the opportunities offered. You may use Table 5.3 in the chapter as a guide for your analysis.
Read Case 5.1, which focuses on Panera Bread. What are some of the barriers to entry a firm would have to deal with and try to overcome if it tried to compete against Panera Bread in the casual dining segment of the restaurant industry?
Eric Andrews has been investigating the possibility of starting a service that will partner with grocery stores to provide a delivery service for their customers. The idea is that after purchasing their groceries, customers could go to a kiosk in the store, pay a small fee, and have their groceries
The “You Be the VC 5.2” feature focuses on Ubersense, a company in the sports coaching industry. What environmental trends and business trends favor Ubersense’s unique approach and service?
Linda Henricks is thinking about starting a firm in the home health care provider industry. When asked by a potential investor if she had studied the industry, Linda replied, “With the aging of the population and the fact that people are living longer than ever, the home health care provider
What is the purpose of completing a competitive analysis grid?
What are the three different strategies that may be adopted by a firm in a declining industry?
Why is it important for firms to collect intelligence about their competitors?
What is the meaning of the term competitive intelligence?
What are the differences among direct competitors, indirect competitors, and future competitors?
What is the purpose of a competitor analysis?
What are the two most common strategies pursued by firms in global industries?
What is a global industry?
What is the primary opportunity for new firms in a mature industry?
What are the characteristics of a mature industry?
What is the primary opportunity for new firms in fragmented industries?
What are the characteristics of a fragmented industry?
How can a start-up avoid or sidestep the pressure applied by one of the five forces on industry profitability by establishing a unique “position” in an industry?
What are the nontraditional barriers to entry that are particularly suitable for entrepreneurial firms to study when selecting an industry in which to compete?
How does the bargaining power of buyers have the potential to suppress an industry’s profitability?
What are the five primary industry types and what are the opportunities they offer?
How does the bargaining power of suppliers have the potential to suppress an industry’s profitability?
What are the two values created by firms when they successfully use the five forces model?
How does rivalry among existing firms have the potential to suppress an industry’s profitability?
What are the major determinants of profitability in most industries?
How can the threat of new entrants suppress an industry’s profitability?
How can the threat of substitute products suppress an industry’s profitability?
What are the five forces that determine an industry’s profitability?
How can startups stay on top of environmental and business trends in their industries?
What is an industry analysis and why is it important for a new firm to analyze the industry in which it may choose to compete?
What is an industry?
Basis of differentiation is part of the Barringer/Ireland Business Model Template. This term was defined in the chapter as “what causes consumers to pick one company’s products over another’s.” What is Apple’s basis of differentiation?
What are the basic resources needed by Steven Gerald, who plans to start a 24-hour laundry mart? Create a list of the necessary resources to assist Steven.
What are some examples of instances in which location is an important part of a firm’s business model?
Resources and core competencies are both important parts of the Barringer/Ireland Business Model Template. What are the differences between resources and core competencies and why must an entrepreneurial firm have both resources and core competencies in order to develop an effective business model?
Debra McGahan, a close friend of yours, mentioned to you that to complete a project in one of the courses she is taking this semester, she needs to describe a firm that is using an effective business model.Your immediate response is to recall that you just read this chapter and learned about
Twitter (http://twitter.com) is a free networking and micro-blogging service that allows its users to send and read other users’ updates, called “tweets.” Although Twitter has millions of users and is growing rapidly, the firm has been criticized for not having a viable long-term business
Core competency is a specific factor or capability that supports a firm’s business model and sets it apart from its rivals.Walk around your neighborhood. Choose three different restaurants located in your neighborhood and visit them. Prepare a list of core competencies that each of the restaurant
Sean Johansen is looking to establish a fast food outlet that serves healthy organic food. His outlet aims to be an ideal place for all weight-watchers and calorie-counters.Advise him on how to prepare a business model, and explain to him why a good business model would benefit his outlet.
Hans Bliss knows that he needs to establish partnerships with other companies to ensure that his business model works.Unfortunately, apart from his supplier, he is not sure of the types of alliances on which he may gain assistance in future.What are the types of partnerships that Hans can consider
Who are “freelancers” and why are these individuals potentially attractive as partners for an entrepreneurial venture?
What are the different ways a firm may choose to deliver its product or service to its customers?
Who are “key partners” and why are they important to the success of an entrepreneurial venture?
What are the primary elements of the Operations component of the Barringer/Ireland Business Model Template?
What are the most common revenue streams for certain business firms?
What is a revenue stream and why is it so important to a firm’s short- and long-term success?
What are the differences between a firm’s physical assets and its intellectual assets?
What is a business’s cost structure?
How many core competencies do most start-ups have?
What is a core competency?
Why are the resources a firm possesses a critical part of its business model?
What is a “churn” and how does it affect a firm?
Why do most entrepreneurial firms initially choose to compete within a narrow target market?
What is the difference between a new market disruption and a low-end market disruption?
How are a firm’s core strategy and its mission related to each other as parts of a business template?
What are the four major categories that comprise the Barringer/Ireland Business Template?
What is a standard business model and what is a disruptive business model?
What is the best time for a firm to develop its business model?
How does a freemium business model work?
What is a business model?
If you were asked to conduct a financial feasibility analysis for Embrace, what issues would you consider to complete this analysis and why are those important?
What actions did Embrace’s founders take to solicit feedback from prospective customers and what did they learn from these efforts?
What examples of primary research that Embrace’s founders completed appear in the case?
What target market does Embrace seek to serve and how attractive is that market?
If you were asked to complete an organizational analysis of Modify, what conclusions would you reach regarding the firm’s management prowess and resource sufficiency at the time the firm launched and immediately thereafter?
Showing 1700 - 1800
of 5511
First
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
Last
Step by Step Answers
Get 50% OFF
Claim Now
