Section I $(20$ Points$)$

Topic:

Synthesis of

Outside

Knowledge and

Experience

Case:

Entrepreneurial

Pitch

a$)$ The economist Joseph Schumpeter famously characterized the entrepreneur as "a person who carries out new combinations, which may take the form of new products, processes, markets, organizational forms, or sources of supply.

$"$ According to Schumpeter's view, old and new knowledge are brought together in a synthesis that forms the basis for a new business. First, briefly describe the business need that forms the basis of your entrepreneurial pitch, and outline how your proposed venture will answer this need and be sustainable $(10$ points$)$

b$)$ Next, list the major sources of knowledge you assembled for your entrepreneurial pitch, and demonstrate hor you blended or synthesized the research and experiences to create a new foundation, a 'new combination,$\text{'}$ f your proposed business $(10$ points$).$

Section II $(20$ Points$)$

Topic: VRIO Analysis

Case: Cervus

Part A $(10$ Points$)$

Explain the VRIO model, its components and its usefulness in evaluating and determining how different fir resources and capabilities contribute to an understanding of competitive advantage.

Part B $(10$ Points$)$

Use VRIO analysis to evaluate Cervus's resources and capabilities as a basis for achieving its goals for gr

Section III $(20$ Points$)$

Topic: CAGE Analysis

Case: MABE

Part A $(10$ Points$)$

Explain the CAGE model, its components, and its usefulness in evaluating international business decis

Part B $(10$ Points$)$

For MABE, use the CAGE model to evaluate the challenges inherent in the joint venture decision.