Essentials of Entrepreneurship & Small Business Management‚ 6e (Scarborough) Chapter 1 The Foundations of Entrepreneurship 1) One of the most significant economic developments in recent business history relates to the: A) growth of blue-chip corporations. B) development of Pacific Rim countries. C) entrepreneurial spirit. D) additional employment opportunities offered by government institutions. Answer: C Diff: 1 Page Ref: 1 AACSB: Reflective Thinking 2) All of the following are
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For Alexander to purchase this piece of property‚ he needs to choose between two different sources of funding. Both of these options are based on a 20 year‚ 8 percent rate. Alexander has $80‚000 of his own equity to invest in the project‚ a very small portion of the total capital investment. The first option that Alexander has is through a savings bank‚ transferring the mortgage from seller to buyer. The mortgages account for $400‚000‚ bringing the total investment including Alexander’s contributions
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101 Manage customers for profits not just sales) Benson P. Shapiro‚ VKastuh Rangan‚ Rowland T. Moharty‚ and Elliot B. Ross (rl3 High sales volume does not necessarily mean high income‚ as many companies have found to their sorrow. In fact‚ profits (as a percentage of sales) are often much higher on some orders than on others‚ for reasons managers sometimes do not well understand. If prices are appropriate‚ why is there such striking variation? Let’s look at two examples of selling and pricing
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countries. Nevertheless‚ Japan existence is not happening in emerging markets. Shigeki Ichii‚ Susumu Hatori‚ and David Michael in accordance to that reality‚ wrote an article “How to Win in Emerging Market: Lessons from Japan” in Harvard Business Review volume 90 issue 5 on page 126-130‚ that was published in May 2012. The main aim of this article is depicting the challenges that should be faced to ramp up their sales because in comparison to other multinational companies‚ Japanese multinationals tend to
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op Ten Ways to Teach Values to Your Kids In a consumer-driven society that broadcasts values that don’t reflect what you believe‚ how can we teach values to their kids? Here are ten ideas to help you: 1. Tell them your life stories and teach through your stories Kids love to hear stories about your childhood. Weave in some moral dilemmas and you’ve got great opportunities to teach values to them. It certainly beats lecturing your kids! 2. Live your own life according to
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Harvard Business Case: Pillsbury Cookie Challenge 1. What are the challenges that Ivan Guillen faces in his role as the marketing manager of the RBG business? What is the team currently doing to support the RBG cookies segment? Who is the team currently targeting? Mr. Guillen is facing the problem regarding the growth of volume in the segment of the Refrigerated Baked Goods (RBG). His main concern was that as the refrigerated cookie sector is the most profitable and in contrast to market volume
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obtain these positions and be successful in them. First I will explain a little about my reflection on my personal values and how they were developed. During my youth‚ adolescence and young adult years family and close friends were far and away the most influential people in my life‚ likely not uncommon. However‚ the roles the two played seemed to be in reverse. Most of my core values were learned from close friends. While many of the “what not to do” lessons were learned from family. I was raised
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Harvard Business Case Analysis How would you categorize Kearney’s commitment to the company? How might you change or maintain this commitment? Eugene Kearney is very committed to Old Colony Associates (OCA). Kearney is committed in that he has been with the company for 13 years‚ loves going to work every day and aspires to maintain a higher level management position. However‚ he clearly needs to make improvements to his current level of commitment to OCA. Kearney needs to realize that commitment
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Article review by Dawn Drake – Writing sample 5/2008 dawn.drake@yahoo.com Lieff‚ J. (1982). Eight reasons why doctors fear the elderly‚ chronic illness‚ and death. The Journal of Transpersonal Psychology‚ 14(1)‚ 47-60. Jonathan Lieff‚ author of this article‚ holds a B.A. from Yale College and an M.D. from Harvard Medical College‚ and is board certified by the American Board of Psychiatry (Ages Health Services Inc.‚ 1996). When the article was published in 1982‚ Lieff had developed services
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(2010). The Business Case for Corporate Social Responsibility: A Review of Concepts‚ Research and Practice. International Journal of Management Reviews‚ Blackwell Publishing Ltd and British Academy of Management‚ pp. 88-105 In “The Pyramid of Corporate Social Responsibility: toward the Moral Management of Organizational Stakeholders”‚ Archie B. Carroll focuses on studying the nature of corporate social responsibility (CSR) and explains its component parts. He structures his article by first creating
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