ASHFORD BUS 433 Entire Course New Business Strategy

ASHFORD BUS 433 Complete Week 1 Quiz and DQsASHFORD BUS 433 Week 1 DQ 1 Nature of Strategic PlanningNature of Strategic Planning. In a 250-300 word post, answer the following questions: What is strategic planning? How does it differ from other forms of planning? Why is the strategic planning process important to entrepreneurs in starting a new venture? Respond to at least two of your classmates’ postings.ASHFORD BUS 433 Week 1 DQ 2 Strategic and Entrepreneurial ThinkingStrategic and Entrepreneurial Thinking. In a 250-300 word post, respond to the following: Provide a definition of entrepreneurial thinking. What role does entrepreneurial thinking play in strategic planning? Respond to at least two of your classmates’ postings.ASHFORD BUS 433 Week 1 Quiz1.Question :To make winning moves, managers must find _______ and ______ that meet customer demands.sales, productsbusiness models, productsprofitable patterns, business modelsbusiness models, sales2.Question :What a company currently is best at is incorporated into its _____________.visionmissiongoalsobjectives3.Question :_____________ strategies differ from _______________ ones. Original, adaptedOriginal, realizedRealized, intendedIntended, original4.Question :Changes in the rules of the “game” of strategy occur not only because of variations in the legal and ethical climate, but also because of changes in technology and __________.competitioneconomicslawsergonomics5.Question :To achieve sustained competitive advantage, a manager mustLower pricesLocate in another territoryMeet customer demandsHave presence on the Internet
6.Question :A strategic inflection point may arise fromnew technologiestransformations in competitor values and preferencesconstant regulatory conditionsall of the above7.Question :Which of the following is NOT a mechanism to protect a firm’s sustained competitive advantage (SCA)?The industry structurePeculiar configurations of resources, capabilities, and competenciesContinuous positioning and repositioningAll of the above are protection mechanisms8.Question :EVA meansEvery value availableEnhanced value addedEconomic value advantageEconomic value added9.Question :______________ is the evolution of a general idea through continually changing circumstances. VisionMissionStrategyObjective10.Question :The goal of strategic management issustained customer advantagesustained comparative advantagesustained competitive advantagesustained collaborative advantage ASHFORD BUS 433 Complete Week 2 Quiz and DQsASHFORD BUS 433 Week 2 DQ 1 Internal CompetenciesInternal Competencies. In planning, one component to explore is how an entrepreneurial organization’s internal competencies help to achieve a strategic advantage in the marketplace. In a 250-300 word response, answer the following: What steps/actions would an entrepreneur take to determine whether the entrepreneurial venture has the appropriate internal competencies to achieve competitive advantage? Respond to at least two of your classmates’ postings.ASHFORD BUS 433 Week 2 DQ 2 External FeedbackExternal Feedback. Select a company and in a 250-300 word response, identify what you believe are the company’s “listening posts” (key opportunities) for getting feedback from the external environment. Could the company expand its listening posts? How? Respond to at least two of your classmates’ postings.ASHFORD BUS 433 Week 2 Quiz1.Question :The strategist should examine the ______ and ______ of an industry.development, evolutiondevelopment, attractivenessstructure, developmentstructure, attractiveness2.Question :____________ sees the organization as a combination of resources, capabilities, and competencies.IO economicsThe RBVThe stakeholder viewThe industrial economics view3.Question :In a matrix structure, employees have _______ reporting arrangements.multiplesingledualtriple
4.Question :_________ theory explains how to scrutinize, investigate, and break down an organization’s strengths and weaknesses.StakeholderIOManagementMacroenvironmental
5.Question :The most sensible choice if one’s company cannot be the dominant player in its industry is to _____________.scale economiesdifferentiate productexitincrease capital
6.Question :__________ constrain the prices of industry’s products.New entrantsExisting rivalsComplementorsSubstitutes
7.Question :Scale economies relate toper-unit costsselling pricesbargaining power of suppliersbargaining power of customers
8.Question :Which of the following is NOT one of Porter’s five industry forces?existing rivalsnew entrantscomplementorssubstitutes9.Question :By value, Porter essentially meant _______.powerlogisticsstrengthprofit10.Question :___________ provide access to new markets, give customers benefits, and are difficult for competitors to imitate.ResourcesCapabilitiesCompetenciesCore competenciesASHFORD BUS 433 Complete Week 3 Quiz and DQsASHFORD BUS 433 Week 3 DQ 1 New OpportunitiesNew Opportunities. Most successful businesses are focused on existing markets and may not have the vision to spot new products and services. Respond to the following in a 250 -300 word post: Is this happening where you work? Does this lack of vision provide you an opportunity to develop an entrepreneurial venture? Respond to at least two of your classmates’ postings.ASHFORD BUS 433 Week 3 DQ 2 ExpansionExpansion. Identify an entrepreneurial venture and in a 250-300 word response, answer the following questions: What circumstances might encourage the entrepreneur to enter into a new business area by acquisition? What different circumstances would encourage the same entrepreneur to merge with another company? Respond to at least two of your classmates’ postings.ASHFORD BUS 433 Week 3 Quiz1.Question :Corporate strategy deals with the firm competesthe scope of the firmrole of each functiondeciding what functions to perform
2.Question :____________ are critical elements in successful M&As.Management strategiesSynergiesPortfolio managementDiversification
3.Question :According to the BCG matrix, the strategy for _______ is to invest in them and increase their share of the firm’s overall cowsstarsquestion marksdogs4.Question :A sensitivity analysis is based onlevels of awarenessdifferent assumptions about motivationsorganizational politicsall of the above5.Question :___________ movers take risks in anticipation of high returns.FirstSecondThirdLate6.Question :________ firms diversify to a minor degree, but typically no more than 30 percent.Related-productConglomerateDominant-productSingle-product7.Question :The ability to achieve new resource configurations is a _______________________.core competencedynamic capabilitydistinctive competencecapability8.Question :Superior advantage in a ______ position comes from managing critical ________ well.differentiated, cost driversdifferentiated, value driverslow-cost, value driverslow-cost, cost drivers9.Question :Quick strategic moves that remake ________ and do not elicit adequate responses from rivals are crucial for success.corporate strategiesbusiness strategiesbusiness modelsvalue chains10.Question :______ emphasizes the importance of considering the timing of the moves of one’s competitors with the timing of one’s own moves.VisionGame theoryMissionValue chainASHFORD BUS 433 Week 3 Strategy ChangeStrategy Change. In a 2-3 page paper, identify an organization that has changed its strategy(example: moving from differentiation to low cost) in the marketplace. Why do you think the company hasmade its strategic change? How did it determine the appropriate time to make the change? What have beenthe results? Use at least three references, two from ProQuest. ASHFORD BUS 433 Complete Week 4 Quiz and DQs  ASHFORD BUS 433 Week 4 DQ 1 Process of InnovationProcess 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.ASHFORD BUS 433 Week 4 DQ 2 Global ExpansionsGlobal Expansions. In a 250-300 word post, answer the following questions: Arethere 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’ postingsASHFORD BUS 433 Week 4 Quiz1.Question :According to Porter, the diamond framework affects the competitiveness of ________ and ___________ as well as firms.competitors, complementorsnations, regionscustomers, supplierssuppliers, competitors2.Question :In new ventures, financial projections and risk analysis are part of a ___________.strategic plancorporate planbusiness planloan plan3.Question :“Conventional wisdom argues that domestic competition is wasteful. It leads to __________ and prevents companies from achieving economies of scale . . .” duplication of efforthigher pricesfierce domestic competitiondowngrading of the sources of competitive advantage4.Question :In the _____ method of forecasting, successive requisitioning in light of initial answers sharpens the results obtained. Trend analysisAlternative scenariosDelphiTime series5.Question :Comparative growth rates of nations in the major industrial nations after World War II was ___________. normalexceptionalnegativeremained the same6.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 _______________. strategiesvisionmissionforeignness7.Question :The evolution of ___________ is a critical element in the formulation of a company’s strategy. resourcesbusiness strategycorporate strategyindustry structures8.Question :In the __________ stage of industry evolution, there is a shakeout among the competition. embryonicgrowthmaturitydecline9.Question :_____ ensures _______’s broad application. invention, innovationinnovation, inventioninnovation, exploitationinvention, exploitation10.Question :The technology-push model of innovation starts with ___________.discoveries in basic science and engineeringbusiness ventureexploiting new technologiesdevelopmentASHFORD BUS 433 Complete Week 5  DQs and Final Paper   ASHFORD BUS 433 Week 5 DQ 1 Challenges to Industry GiantsChallenges to Industry Giants. In your lifetime, do you think companies such as Coke, McDonald’s, or Google will be overtaken by new, entrepreneurial companies? In a 200-250 word response, indicate why you selected your answer. Respond to at least two of your classmates’ postings.ASHFORD BUS 433 Week 5 DQ 2 Industry ChangeIndustry Change. Select an industry. In a 250-300 word response, describe the strategic turning points that caused change in the industry. Identify and describe how one company within the industry successfully reacted to the need for change. Respond to at least two of your classmates’ postings.ASHFORD BUS 433 Week 5 Final PaperFocus of the Final PaperImagine that you are the entrepreneur who has created a successful new venture. The venture is posed to expand domestically and internationally. In a 6-8 page paper, excluding title and reference pages, address the following:
  1. Identify what strategic leadership skills are needed for your entrepreneurial venture to take it to the next growth level. How will you evaluate the leaders in your venture to determine if they have the strategic leadership skills needed?
  2. In planning to take the entrepreneurial venture to another country, identify the challenges/problems the venture may face. What guidelines will you provide for managers to deal with the challenges/problems?
  3. What is the current level of entrepreneurial activities in the United States? Overall, is the climate for entrepreneurship improving or worsening? Your evaluation will determine whether strategic moves will be made to expand the venture domestically.
  4. As you work on your strategic plan for expansion, what kind of expansion model will you use: internal venturing, acquisitions, mergers, etc? What were the circumstances that influenced your choice?
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