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- 1. Outline the difference between a business idea and a business opportunity? Why is this distinction important? 2. Define business concept statement, in your own words. Outline its main elements. 1. Identify three (3) features of the Five Competitive Forces Model and discuss how they operate to affect the profitability of firms in an industry. 2. Describe a business start-up you are contemplating and explain why you have made this choice. 3. Identify and discuss the four (4) major components of a business feasibility analysis. 4. a) What is the purpose of conducting a business feasibility analysis? b) When is the best time to conduct a feasibility analysis? c) Justify your response.Galleto (2018) mentioned that “While Business Intelligence answers what happened, BusinessAnalytics answers why it happened and whether it will happen again.” What are your thoughts onthis?LEAD.305.HSF1 Adaptive Decision Making Week 4 Forum Use of Data 1) How did Money Ball change baseball by using statistical data? 2). In Money Ball how did they use data to help in decision making? 3) How have you used data to influence decisions? What has worked and what pitfalls have you had using data? You need to response to your four classmates answer to the questions above Example: (Hello Robi! Interesting post this week about your experience with data, especially around the budgeting process. With all of the data you have available, I am shocked that staffing is one of the pitfalls. But then again, I feel like this is where companies tend to 'overwork' or put too much on the employees plates with a lack of resources) Classmate post #1 How did Money Ball change baseball by using statistical data? Moneyball demonstrated how the Oakland Athletics team and general manager, Billy Beane, used of data statistics to identify undervalued players who had specific skills that traditional…
- Q1(a). Develop a SWOT Analysis of your organization. (aviation industry) Q1(b). Indicate how each of the strengths listed can be used to gain and/or maintain the organization’s competitive advantage.139) If a company has a small portion of the market share but the industry has market growth where would it fall, and what strategy it should follow under the BCG matrix? a) It would be a question mark and the corporate office should invest capital in this business because it is growing so that mean it will likely continue in the future b) It would be a question mark and the corporate office should decide what is best for their company, whether it be allocating more resources to invest in this business or divesting the business due to the low market share c) It would be a question mark and the corporate office should divest this business because of its low market share d) It would be a question mark and the corporate office should strategize an exit plan because the future is uncertain, so it is better to exit and invest in a more pr- Do you think it's remarkable that a little company like Sunny Delight has accumulated so many different analytics tools? How has the fact that Sunny Delight has changed ownership a number of times affected the number and variety of business intelligence (BI) technologies employed? If individual end users are used to working with their own specialized data-generation systems, what are some of the trade-offs of switching to an enterprise-level analytics solution for them?
- 0% plagiarism, please write it own your own words. Please stop rejecting the question as it is not an essay. Q: conduct swot Analysis for the following company+ please elaborate as much as possible+ include facts please. Company: Oman cement companypost a response to the questions below (600 words each). • Identify a major professional league in the United States of America andexamine the factors that make the league profitable and how it showcasesthat it falls within a professional sporting category. Compare this to anamateur sporting league (providing evidence of this).ORSome people say that West Indies Cricket does not fall within the professionalsporting category while others say players are paid and experience celebrity typetreatment. Argue for or against this comment.• Research and create an infographic to illustrate the key differences between amateurs, recreational participants and professionals in sports.1- Entrepreneurs must set goals that are Specific, Masked, Actionable, Reasonable, Tacy Specific, Masked, Actionable, Reasonable, Time bound Special, Metered, Actionable, Reasonable, Timely Specific, Measurable, Actionable, Relevant, Time-bound 2- According to Mark Cuban, the #1 reason why entrepreneurs fail is Lack of money, lack of energy Lack of brain, lack of hard work Lack of family and professional connections Lack of good idea 3- Starting a new business guarantees freedom True False 4- Who is an intrapreneur? People who are responsible for internal activity in an entrepreneurial venture people who independantly set up big organizations people who take up entrepreneurial activity as part of a bigger organization 5- Successful entrepreneurs have following qualities They are highly emotional None of the above They care too much for self-respect They are very creative
- How do I respond to this in 100 words? Strategic management involved the ongoing process of establishing an organization's mission and objectives, considering both its external surroundings and internal strengths and weaknesses; it includes devising and executing strategies, as well as monitoring and adjusting them to guarantee the achievement of desired goals. Strategic management is very important because it provides organizations with a competitive advantage, assists with the allocation of resources, steers direction and focus, helps align and coordinate organizational members and functions toward a common goal, allows for adaptation to change, and drives performance optimization. Porter's Five Forces Model is a framework developed to analyze and evaluate the competitive forces and the attractiveness of the industry through the identification of five key forces that determine the competitive intensity and profitability of an industry. The five forces are the threat of new…1. You are required go though the case Crispy Krepe Doughnuts 2015 and propose a new mission statement for the organization based on 9 components of mission statement :(1) customers; (2)products and/or services; (3) markets; (4) technology; (5)survival, growth, and profitability; (6) philosophy; (7) selfconcept; (8) public image; and (9) employees. Which of the each components and explain; 1.Customers - Who are the firm’s customers? 2.products or services - What are the firm’s major products or services? 3.markets - Geographically, where does the firm compete? 4.technology - Is the firm technologically current? 5.concern for survival/growth/profits - Is the firm committed to growth and financial soundness? 6.philosophy - What are the basic beliefs, values, aspirations, and ethical priorities of the firm? 7.self-concept - What is the firm’s major competitive advantage? 8.concern for public image - Is the firm responsive to social, community, and environmental concerns? 9.concern for…The managerial task of developing a strategic vision for a company: Question 20Answer B) entails coming up with a fairly specific answer to 'who are we, what do we do and why are we here?' D) involves deciding upon what strategic course a company should pursue in preparing for the future and why this directional path makes good business sense. C) is chiefly concerned with addressing what a company needs to do to successfully outcompete rivals in the marketplace. A) concerns deciding what approach the company should take to implement and execute its business model.