BUS 433 (Ashford) – New Business Strategy
BUS 433 – Week 4
Week 4 DQ 1: Process of Innovation: Respond to the following in a 250 -300 word post: Discuss the four main elements needed to bring an innovative idea to the marketplace. What are then some of the difficulties facing successful innovation? Respond to at least two of your classmates postings.
Week 4 DQ 2: Global Expansions: In a 250-300 word post, answer the following questions: Are there different ethical risks an entrepreneur faces if entering a market in a developed country as compared to a market in an undeveloped country? Identify those ethical risks. What recommendations would you make to such an entrepreneur about ethical risks? Respond to at least two of your classmates postings.
Week Four Quiz: Complete the quiz on the assigned readings for the week.
BUS 433 – Week 4 – Quiz
1. Question : According to Porter, the diamond framework affects the competitiveness of ________ and ___________ as well as firms.
competitors, complementors
nations, regions
customers, suppliers
suppliers, competitors
2. Question : In new ventures, financial projections and risk analysis are part of a ___________.
strategic plan
corporate plan
business plan
loan plan
3. Question : Conventional wisdom argues that domestic competition is wasteful. It leads to __________ and prevents companies from achieving economies of scale . . .
duplication of effort
higher prices
fierce domestic competition
downgrading of the sources of competitive advantage
4. Question : In the _____ method of forecasting, successive requisitioning in light of initial answers sharpens the results obtained.
Trend analysis
Alternative scenarios
Delphi
Time series
5. Question : Comparative growth rates of nations in the major industrial nations after World War II was ___________.
normal
exceptional
negative
remained the same
6. Question : A firm that is considering doing business abroad must have a rationale and logic for how it can compensate for and overcome the liabilities and disadvantages that arise from its _______________.
strategies
vision
mission
foreignness
7. Question : The evolution of ___________ is a critical element in the formulation of a companys strategy.
resources
business strategy
corporate strategy
industry structures
8. Question : In the __________ stage of industry evolution, there is a shakeout among the competition.
embryonic
growth
maturity
decline
9. Question : _____ ensures _______s broad application.
invention, innovation
innovation, invention
innovation, exploitation
invention, exploitation
10. Question : The technology-push model of innovation starts with ___________.
discoveries in basic science and engineering
business venture
exploiting new technologies
development