Concepts Processes And Practice Of Entrepreneurship A Primer On Innovation And Venture Creation Global Edition Milton Rajaratne - Solutions

Compare and contrast the privileges of franchisor and franchisee, and licensor and licensee.
“Franchising and Licensing opportunities are available both locally and internationally.” Differentiate between the two types.
Explain the factors that need to be considered when entering into a Franchising and Licensing agreement.
Discuss the advantages and disadvantages of Franchising and Licensing.
What are the major types of Franchising and Licensing and the considerations of such agreements?
Define Franchising and Licensing and examine whether they are lucrative methods of entrepreneurship.
Explain the possibilities of horizontal and vertical business integra-tion via Acquisition and Merger.
Describe the major methods of business acquisition and merger and identify their advantages and disadvantages.
Provide a comprehensive account of the methods of business valuation.
a. What is Due Diligence evaluation?b. What are the criteria for Due Diligence evaluation?c. What are the components of a Due Diligence report?
Prepare a business evaluation format for the use of an entrepreneur who prepares to conclude an Acquisition or Merger.
“Acquisition and Merger decision is backed by personal prefer-ences and prevalence of Acquisition and Merger opportunities.” Critically examine.
Discuss the purposes and objectives of entrepreneurs to engage in Acquisition and Merger.
Define Acquisition and Merger and examine whether they are lucrative methods of entrepreneurship.
Identify the connection between customer needs and the types of the services, and explore opportunities for service production.
“Service types are connected to types of personal qualities.” Discuss this statement connecting service providers and their services.
“Service sector success is heavily determined by the quality of the service known as High-touch.” Do you agree? Explain.
Describe the sources and nature of the demand for services and comment on the opportunities for service sector ventures.
Interpret the characteristics inherent to the service sector ventures and discuss the advantages emanating from them in favor of service venture startups.
Illustrate the major considerations of product development and the generally accepted steps of the product development process.
Discuss the nature of the technology; High-tech, Mid-tech, and Low-tech, and their relevance to the choice of production.
What are the advantages inherent to the production sector that attract an entrepreneur?
“Choice of production is determined based on the industry specific advantages and the personal preferences.” Discuss.
Describe the different types of orientations available for a produc-tion entrepreneur to choose from.
“Production of right goods requires knowledge and knowledge is connected to a number of sources.” Explain.
Describe the methods that are employed to identify opportunities for production.
Elaborate on the following approaches to production;a.Inventive approach b.Extension approach c.Duplication approach d.Synthesis approach e.Imitation approach.
Distinguishproductionentrepreneurshipfromservice entrepreneurship.
Comment on the curve “N” and the growth management strate-gies derived from the Growth Management Scheme.
Critically evaluate the arguments for and principles of the Venture Growth Management Scheme.
“The parity and intensity of competency accumulation help classify ventures.” Discuss the importance of classifying ventures according to these criteria.
Discuss the relationship between the intensity of business compe-tency accumulation and venture growth potentials.
Distinguish balanced accumulation from unbalanced accumulation of 5-Cs and describe how the competency accumulation parity and disparity cause venture growth differentials.
“The 5-C model is an extension of Hayakawa’s Growth principles.” Explain how the 5-C model differs from the original model.
Explain how the following business competencies are accumulated in a venture;a.Credibility accumulation b.Capital Accumulation c.Consideration Accumulation d.Capability Accumulation e.Clientele Accumulation.
What are the main business competencies that are supposed to bring about sustainable venture growth according to Hayakawa’s Growth principles?
Describe the propositions of Arnold C. Cooper’s growth model and critically examine its recommendations.
“Venture growth is not only the growth of revenue but also the total progress of the venture.” Discover the perspectives of venture growth.
a.What is perpetual growth?b.Why perpetual growth is essential for a venture?c.Why is perpetual growth needed?
“Growth Management is not only a concern of the slowly growing ventures but also of the fast-growing ventures.” Discuss this statement with examples and referring to growth objectives.
Describe, referring to cash flow bottlenecks also, the “Valley of Death” syndrome encountered by business startups.
Examine, providing relevant data, why most business startups fail during the first few years after commencement of business.
Explain what growth management is and why growth needs to be managed.
“With setting up of business functions and management functions, the venture creation process is complete and the business starts to operate.” Elaborate this statement.
Explain how the business functions are determined and business objectives are set.
Describe the steps and concerns involved in setting up of manage-ment functions for a new venture.
“Business registration process differs among nations due to different legal systems.” Compare the easiness or difficulty of business registration in two countries.
“It is a prerequisite to select a suitable business form, after formu-lating a business model and before initiating the venture creation process.” Explain why this need arises.
“Business model canvas is a common format for business modeling that suggests seven strategies and two focus areas.” Comment.
a.What is Business Model Matrix?b.What are the four types of business orientations?c.How is the Business Model Matrix useful?
“Business model is developed based on the answers to the following key questions.” Discuss.a.What to produce b.How to produce c.Whom to sell d.How to sell.
Identify and describe the major business modeling strategies.
Business model is designed to achieve (a) Value creation (b) Value capturing, and (c) Value delivering targets. Explain.
Discuss the purpose of a business model and point out what a business model does.
Explain why an entrepreneur needs to be ready with a business model prior to starting up a venture?
Differentiate between business modeling and business model.
Provide the information required under the following components of a feasibility plan;Executive summary Business concept description Product and service plan Marketing plan Operations plan Human resource plan Financial plan Administration plan.
Is there a universally adopted standard format for a feasibility plan? If not, identify the components that should necessarily be included in a feasibility plan.
Explain the factors that determine the soundness and completeness of a feasibility plan.
What are the general business feasibilities searched by a business planner prior to preparation of the real feasibility plan?
Depict industry life cycle to ascertain advantages and disadvantages of the industry at the point of time when entrepreneur plans to enter the market.
“BCG Matrix is more useful a tool for entrepreneurs who expand into new business projects and plan new product lines.” Critically evaluate this statement.
“The Product-Market Matrix helps entrepreneur to determine appropriate product and market strategies.” Examine.
“SWOT analysis can guide entrepreneur to correctly formulate strategic position of the proposed venture.” Discuss.
“The Five-Force framework is helpful to identify the areas where competitiveness can be instilled for the proposed venture.” Explain.
Describe how useful is the PESTEL analysis in developing a feasibility plan.
Describe who prepares feasibility plans for whom, on what purpose, and under what planning premises.
“Feasibility planning involves costs and benefits.” Discuss this statement highlighting how they affect the corporate startups and small business startups.
Elaborate the circumstances where the need for feasibility planning arises.
Differentiate between feasibility planning and feasibility plan.
Describe how an image is raised to fetch market value and then to protect it through Image Rights.
“Trade Secret is a registered right of the owner of undisclosed information.” Discuss the special features of Trade secrets and the possibility for protection.
“Design rights sometimes can conflict with patents, copyrights, and trademarks.” Describe how design rights can be established in reconciliation.
Distinguish Trademarks from patent rights providing examples for the circumstances where they conflict and stand out.
Describe the characteristics of Patent Rights and the procedure of patenting an invention.
Explain the circumstances where Copyrights emerge and the methods of their protection.
Describe the circumstances where intellectual property rights arise and how such rights can stand against infringement of intellectual property.
Elaborate the procedures for and subsequent steps of registra-tion of intellectual properties with the World Intellectual Property Organization.
Examine the authority vested in the UNESCO and WTO as alternative intellectual property protection institutions.
Describe, providing examples, national and local intellectual prop-erty organizations and their jurisdictions in protecting intellectual properties.
What is the World Intellectual Property Organization (WIPO) and its role in protecting intellectual property rights?
“Intellectual properties are vulnerable to counterfeiting.” Explain what is counterfeiting and why intellectual property needs to be protected against counterfeiting.
Describe the relationship among the following;a.Invention b.Innovation c.Intellectual property.
What are the determinants of intellectual property rights?
Distinguish intellectual property from intellectual property right.
Explain, with examples, the possibilities of adding extraordinary value in the resource transformation process deviating from the normal innovation path
Depict the relationship among resource conversion, innovation, demand priority, value creation, and profit and derive an innovation path specific to your example.
What are the orientations of innovations? Enquire into the reasons behind different orientations.
Describe the features of the following forms of innovations;a.Destructive innovation b.Disruptive innovation c.Breakthrough innovation d.Radical innovation e.Incremental innovation f.Sustained innovation.
“Innovation is not confined to goods.” Expand this statement introducing other types of innovations also into your list.
Provide an account on the sources of innovations. Describe each with a specific example.
Describe the vision and mission of innovation and by which means innovations are accomplished.
Describe the innovation process referring to the following steps;a.Analytical planning b.Organizing resources c.Implementation d.Commercial application.
Explain the importance of and the need for research and develop-ment effort for entrepreneurs.
Conduct a mini web survey to find R&D expenditures and intel-lectual property rights of nations in the recent years.
Describe the relationship between interdependence of the inven-tion process and the innovation process.
Explain the invention process through the following steps;a.Idea germination b.Preparation c.Incubation d.Illumination e.Verification.
“Invention turns out to be an intellectual property of a person or an organization.” Elaborate.
What is invention and why is it important in entrepreneurship?
“Rituals are signs of venture potentials.” Relate rituals to venture opportunities and recognize their vastness for innovation of goods

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Concepts Processes And Practice Of Entrepreneurship A Primer On Innovation And Venture Creation Global Edition Milton Rajaratne - Solutions

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