Answered: Explain one difference between internal…

Business

Operations Management

Explain one difference between internal and external growth strategies.

Foundations of Business (MindTap Course List)

6th Edition

ISBN:9781337386920

Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Chapter4: Choosing A Form Of Business Ownership

Section: Chapter Questions

Problem 6DQ

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Concept explainers

Venture Development Process

To create a startup company around a licensed university technology is referred to as venture development. A venture development firm can assist entrepreneurs in identifying and developing a prospective commercialization strategy, be an incubator, test target market assumptions, recruit university and non-university innovative resources and talented team members, and obtain early-stage finance. Commercialization grants, internal and external small business owners, governmental and local finance systems, and private funds are all possible sources of funding. This activity, when combined with strong intellectual property resources, accelerates early commercialization efforts and better prepares university-affiliated business owners for other types of funding.

Question

1.Explain one difference between internal and external growth strategies.

2.Explain one reason why firms go for growth.

3.Describe one potential payoff for establishing a strong business ethical culture among entrepreneurs.

4.Identify two of the primary financial alternatives for raising capital for a new venture.

5.Describe what is trademark.

Subfield of business that examines ethical business problems, moral principles, guidelines, standards, marketing decisions, and marketer behavior under marketing conditions.

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