The two most important strategic resources are a firm's core competencies and strategic assets. Please identify each one and give two examples of each using existing companies.

2. The most important thing any entrepreneur can do to create a strong ethical culture in their organization is to lead by example to me. Please define ethical behavior and give two examples of companies that have done or have done enough to make their ethical culture a competitive advantage.

3. Financial management deals with two things: raising money and managing a company's finances in such a way that it achieves the highest rate of return to maximize profits. To do this, we have discussed 8 questions that every entrepreneur should address. Please discuss 4 of these questions in detail.

4. To maximize profits, an entrepreneur must meet these four financial goals: profitability, liquidity, efficiency, and stability. Please identify each one and provide an example from a real company for each.

5. Distinguish between debt financing and equity financing. Give at least two examples of each. What are the three uses of the funds?

Answer rating: 100% (QA)

SOLUTION 1 Core competencies and strategic assets are two important strategic resources that a firm can utilize to gain a competitive advantage Core competencies refer to a firms unique abilities or s... View the full answer