MBA $5010$ Week $1$ Assignment $($Rev $2)$

The weekly assignments are intended to be completed individually. It is important in an online program that you pay careful attention to when it is and is not appropriate to work with peers. Misunderstandings can have significant consequences. By submitting this assignment, you are attesting that you completed this work without assistance from another current or former student of this class. Exceptions can be made for tutors, but only with prior consent from your instructor.

Your answer will be evaluated based on correctness, completeness, and clarity. Be attentive to your writing. You have until midnight CST Sunday to submit both parts of this assignment.

Part A $(25$ points$)$

For each of the following resources, name at least two $($hypothetical$)$ competing potential uses for that resource. Then describe how the market process determines to which use the resource will eventually be allocated.

EXAMPLE: An abandoned school building in a recently revitalized city neighborhood.

Use $1$: One possible use of this abandoned property could be a new apartment development that includes a roof top garden.

Use $2$: One possible use of this abandoned property could be an office building.

The market process determine which resources will be allocated based on the demand for new apartments in this particular city location. If there aren$$t many apartment developments near$-$by$,$ but a growing population that desires city living, then this may be the best use of the property. If new businesses are seeking to locate in this property and have enough employees to fill the space; and if economically feasible, then the business may be the best use of this resource. In this scenario, the city provides tax incentives and loans for the apartment developer, and a recent population survey indicates that single$-$dwelling units are in short supply $$ so the market will allocate the resource to the apartment development.

Question $1-$ A parcel of vacant land located at the intersection of two streets used heavily by commuters

Respond here

Question $2-$ A semi$-$tractor and trailer owned by a private trucker

Respond here

Question $3-$ A web$-$designer with particular expertise business web development

Respond here

Question $4-$ Fitness Fanatic is a startup fitness center located in Louisville Kentucky. Its innovative model of combining social networking, exclusive branded apparel, and an invitation$-$only fitness center has led to substantial revenue growth. Describe how Fitness Fanatic exemplifies the $$opportunity seeking$$ dimension of value creation.

Respond here

Question $5-$ Integrated Freight utilizes artificial intelligence to route freight across multiple carriers and modalities $($e$.$g$.$ train versus truck$).$ The result is that Integrated Freight is able to reduce long distance freight costs by an average $20\%.$ Describe how Integrated Freight exemplifies the $$efficiency seeking$$ dimension of value creation.

Respond here

Part B $(25$ points$)$

This week you are to complete a fully complete draft response to the following questions. You are to complete this draft without assistance from either current or former MBA $5010$ students. This draft response will be evaluated on completeness and clarity but not graded for content. Next week you$$ll be given an opportunity to collaborate with your peers to complete a final response.

$...$profit$-$seeking firms create value for the owners, customers, and other stakeholders by continually driving the economy toward an ever more efficient allocation of resources.$$

The Earth Institute at Columbia University hosted a roundtable on the Sharing Economy. While there are significant sustainability implications of the sharing economy, these are only tangential to our interests. I want you to watch the roundtable discussion, follow up by pursuing your own independent research, and then write approximately $500$ words addressing the following.

$$ What is meant by the $$sharing economy$?$

$$ How does the sharing economy better allocate underutilized resources?

$$ In so doing, how does it $$create value$?$

https:$//$blogs$.$ei$.$columbia.edu$/2017/10/26/$the$-$sharing$-$economy$-$is$-$transforming$-$sustainability$/$

Respond here