Management Leading And Collaborating In A Competitive World 13th Edition Thomas Bateman, Scott Snell, Robert Konopaske - Solutions

How would you categorize Starbucks' decisions to test new products in terms of high or low innovation and risk? Why?
How is Starbucks' decision making about new products different from that of a start-up company, and how is it similar?
How would you like to work for a big company(Starbucks, or choose your favorite) and hold the title“entrepreneur in residence”? What would your job entail?
What market need does my idea fill?
What personal observations have I experienced or recorded with regard to that market need?
What social condition underlies this market need?
What market research data can be marshaled to describe this market need?
What patents might be available to fulfill this need?
What competition exists in this market? How would I describe the behavior of this competition?
What does the international market look like?
What does the international competition look like?
Where is the money to be made in this activity?
• How successfully does Starbucks embody an entrepreneurial orientation? How willing to take risks does it appear to be?
What evidence do you see that Starbucks supports intrapreneurial behavior? What are some of the risks a large company takes in doing so?DISCUSSION QUESTIONS
On a 1 to 10 scale, what is your level of personal interest in becoming an entrepreneur? Why did you rate yourself as you did?
How would you assess your capability of being a successful entrepreneur? What are your strengths and weaknesses? How would you increase your capability?
Most entrepreneurs learn the most important skills they need after age
How does this affect your outlook and plans?
Brainstorm a list of ideas for new business ventures.Where did you get the ideas? Which ones are most and least viable, and why?
Identify some businesses that recently opened in your area. What are their chances of survival, and why? How would you advise the owners or managers of those businesses to ensure their success?
Review Exhibit 7.1. Which myths did you believe? Do you still? Why or why not? Interview two entrepreneurs by asking each myth as a true-or-false question. Then ask them to elaborate on their answers. What did they say? What do you conclude?
With your classmates, form small teams of skunkworks.Your charge is to identify an innovation that you think would benefit your school and to outline an action plan for bringing your idea to reality.
Identify a business that recently folded. What were the causes of the failure? What could have been done differently to prevent the failure?
Does franchising appeal to you? What franchises would most and least interest you, and why?
Find some inspiring examples of social entrepreneurship and describe them to your class.
Identify an entrepreneur in your area you would like to interview.
Contact the person you have selected and make an appointment. Be sure to explain why you want the appointment and to give a realistic estimate of how much time you will need.
Identify specific questions you would like to have answered and the general areas about which you would like information. (See the following suggested interview questions, although there probably won’t be time for all of them.) Using a combination of openended questions—such as general
Conduct the interview. If both you and the person you are interviewing are comfortable, using a small voice recorder during the interview can be of great help to you later. Remember, too, that you most likely will learn more if you are an interested listener.
Evaluate what you have learned. Write down the information you have gathered in some form that will be helpful to you later on. Be as specific as you can.Jotting down direct quotes is more effective than statements such as “highly motivated individual.” Also be sure to make a note of what you
Write a thank-you note. This is more than a courtesy; it will also help the entrepreneur remember you favorably should you want to follow up on the interview.
Would you tell me about yourself before you started your first venture?
Were your parents, relatives, or close friends entrepreneurial?How so?
Did you have any other role models?
What was your education/military experience? In hindsight, was it helpf45l? In what specific ways?
What was your previous work experience? Was it helpful?
What particular chunks of experience were especially valuable or relevant?
In particular, did you have any sales or marketing experience?
How important was this in starting your company?
How did you start your venture?
How did you spot the opportunity? How did it surface?
What were your goals? What were your lifestyle or other personal requirements? How did you fit these factors together?
How did you evaluate the opportunity in terms of the critical elements for success? The competition? The market?
Did you find or have partners? What kind of planning did you do? What kind of financing did you have?
Did you have a start-up business plan of any kind? Please tell me about it.
How much time did it take from conception to the first day of business? How many hours a day did you spend working on it?
How much capital did it take? How long did it take to reach a positive cash flow and break-even sales volume?If you did not have enough money at the time, what were some ways in which you “bootstrapped” the venture (i.e., bartering, borrowing, and the like)? Tell me about the pressures and
What outside help did you get? Did you have experienced advisers? Lawyers? Accountants? Tax experts?
Patent experts? How did you develop these networks and how long did it take?
What was your family situation at the time?
What did you perceive to be your own strengths?Weaknesses?
What did you perceive to be the strengths of your venture?Weaknesses?
What was your most triumphant moment? Your worst moment?
Did you want to have partners or do it solo? Why?
What were the most difficult gaps to fill and problems to solve as you began to grow rapidly?
When you looked for key people as partners, advisers, or managers, were there any personal attributes or attitudes you were especially seeking because you knew they would fit with you and were important to success?How did you find them?
Are there any attributes among partners and advisers that you would definitely try to avoid?
Have things become more predictable? Or less?
Do you spend more/same/less time with your business now than in the early years?
Do you feel more managerial and less entrepreneurial now?
In terms of the future, do you plan to harvest? To maintain?To expand?
Do you plan ever to retire? Would you explain?
Have your goals changed? Have you met them?
What do you consider your most valuable asset—the thing that enabled you to make it?
If you had it to do over again would you do it again in the same way?
Looking back, what do you feel are the most critical concepts, skills, attitudes, and know-how you needed to get your company started and grown to where it is today?What will be needed for the next five years? To what extent can any of these be learned?
Some people say there is a lot of stress being an entrepreneur.What have you experienced? How would you say it compares with other hot-seat jobs, such as the head of a big company or a partner in a large law, consulting, or accounting firm?
What are the things that you find personally rewarding and satisfying as an entrepreneur? What have been the rewards, risks, and trade-offs?
Who should try to be an entrepreneur? Can you give me any ideas there?
What advice would you give an aspiring entrepreneur?Could you suggest the three most important lessons you have learned? How can I learn them while minimizing the tuition?
Your instructor will divide the class into teams and assign each team the task of investigating the start-up of one of the following businesses:a. Submarine sandwich shopb. Day care servicec. Bookstored. Gasoline service statione. Other
Each team should research the information necessary to complete the New Business Start-Up Worksheet.The following agencies or organizations might be of assistance:a. Small Business Administrationb. Local county/city administration agenciesc. Local chamber of commerced. Local small-business
Each team presents its findings to the class.
What actions could Acme Electronics take to foster intrapreneurship? What consequences does it suffer from failing to foster it?
What information should Mandy include in her business plan?
Describe three nonfinancial resources likely to be important for the future of ScrollCo. How can Mandy ensure that her business has those resources?
What threats, opportunities, strengths, and weaknesses can you identify at Foxconn? How is it addressing these with its strategy?
If Foxconn’s management hired you to offer advice on improving its ethical decision making and corporate social responsibility, what measures would you suggest?Why?
Why do you think Tim Cook, after years of using Foxconn for most of Apple’s production needs, shifted some production to Pegatron?
Explain how differentiation and integration influence an organization’s structure.
Summarize how authority operates.
Define the roles of the board of directors and the chief executive officer.
Discuss how span of control affects structure and managerial effectiveness.
Explain how to delegate effectively.
Distinguish between centralized and decentralized organizations.
Summarize ways organizations can be structured.
Identify the unique challenges of the matrix organization.
Describe important integrative mechanisms.
Why do you think Kiva is using a functional approach to structuring its organization?
Referring to the eight areas illustrated, which are considered line activities? Staff activities?
Review the advantages and drawbacks of functional organizations and geographic divisions. Which ones may have contributed to the decisions to ignore and later to finally address the faulty ignition switch issue?
What do you think will be the impact of GM’s effort to create a more centralized structure based on functional groups?
How might Barra’s efforts at changing the culture at GM increase the chances that the structural changes will be effective in the long term?
What personal, human factors are likely to affect GM’s success in achieving greater organizational integration?
Interview a member of a board of directors, and discuss that member’s perspectives on his or her role.
Brainstorm a list of specific ways to integrate interdependent work units. Discuss the activities required and the pros and cons of each approach.
Draw an organization chart for your business school.Be sure to identify all the staff and line positions in the school. Specify the chain of command and the levels of administration. Note the different spans of control. Are there any advisory groups, task forces, or committees to consider?
Review the chapter material on organization structure to help identify both strong and weak points in your school’s organization. Now draw another organization chart for the school, incorporating any changes you believe would improve the quality of the school.Support the second chart with a list
Is your business school well organized? Why or why not?
In what ways is the school’s structure designed to suit the needs of students, faculty, staff, the administration, and the business community?

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Management Leading And Collaborating In A Competitive World 13th Edition Thomas Bateman, Scott Snell, Robert Konopaske - Solutions

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