Like Nzambi Matee, think of a business idea that has the potential to succeed. Provide a detailed explanation of this business idea, including details of how the idea was generated and how the feasibility of the idea was determined.
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- As a group of aspiring entrepreneurs, you must create a business plan for a service-oriented business in the tourism industry in any Caribbean country (not an existing business/company). ALL members of the group are expected to work together and contribute to the business plan. Each team member must complete a peer evaluation of the other team members using the provided rubric.Tshepo is the Marketing manager for Eureka hardware. Tshepo is very successful in his career and because of his good performance, he was rewarded with an employee of the month award, which he proudly displays in his office. Tshepo attributes his success to hard work and good luck. Tshepo is also a superstitious man and wears a jacket that his grandfather gave him, for good luck. Tshepo yearns to have his own successful business one day that he can leave to his children to take over when he retires. Based on the above scenario, identify the three (3) different ways in which Tshepo is using possessions to extend his self-concept. Provide examples of each from Tshepo’s case.Matilda Oware is an Engineering student with the Kwame Nkrumah University of Science and Technology (KNUST). She has entrepreneurial skills and desires to begin a small-scale business immediately after her bachelor’s degree. As a student of Entrepreneurship Development, use the ‘Multidimensional Approach to the study of Entrepreneurship’ with Ghanaian examples to explain the concept of Entrepreneurship to her.
- “Entreprendre” is the French root word for Entrepreneurship which is associated with commencing a business under uncertainties attendant with risks. Analyse the possible tendencies of Entrepreneurs under such conditions of risk?mpany History and Profile Both Ito-Yokado and Seven-Eleven Japan were founded by Mr. Masatoshi Ito. He started his retail empire after the Second World War when he joined his mother and elder brother and began work in a small clothing store in Tokyo. By 1960, he was in sole control and the single store had grown into a $3 million company. After a trip to the United States in 1961, Ito became convinced that superstores were the wave of the future. At that time, Japan was still dominated by Mom- and-Pop stores. Ito’s chain of superstores in the Tokyo area was instantly popular and soon constituted the core of Ito-Yokado’s retail operations. In 1972, Ito first approached the Southland Corporation about the possibility of opening Seven-Eleven convenience stores in Japan. After rejecting his initial request, Southland agreed in 1973 to a licensing agreement. In exchange for 0.6 percent of total sales, Southland gave Ito exclusive rights throughout Japan. In May 1974, the first Seven-Eleven…7.0 an association of two or more people who co-own a business for the purpose of making profit is A sole proprietorship B Franchise C Partnership D corporation 8.0 Which of the following is not a role of entrepreneurship in socio-economic development? A creation of employment B provision of opportunities to entrepreneurs C contributing to government revenue D Providing goods and service 9.0 An enterprise is A a Physical building B A business undertaking or venture C any organization D an activity undertaken by a person 10.0 which of the following is part of the network of an entrepreneur? A Customers B Channel members C Suppliers D All of the above
- Background Allan and Dorraine have been happily married for just over ten (10) years. They met twelve (12) years ago at a textile factory in Westmoreland, where they both started work after leaving school. The textile factory was the biggest employer in the area. During these years they saved hard and finally bought their dream house-a four- bedroom detached traditional bungalow. The house needed upgrading, so the couple managed to get it at a bargain price. They put down a good deposit and took a mortgage for $9,000,000. They were looking forward to renovating the house over time: The present situation The textile trade was the main industry in the Western region. In the past few years, however, factors such as high prices for cotton and declining orders from Japan and America have led to short-time working and some redundancies within the industry. Last year Allan and Dorraine were both made redundant at the same time. Faced with the prospect of moving away to find work or being…Background Allan and Dorraine have been happily married for just over ten (10) years. They met twelve (12) years ago at a textile factory in Westmoreland, where they both started work after leaving school. The textile factory was the biggest employer in the area. During these years they saved hard and finally bought their dream house-a four- bedroom detached traditional bungalow. The house needed upgrading, so the couple managed to get it at a bargain price. They put down a good deposit and took a mortgage for $9,000,000. They were looking forward to renovating the house over time. The present situation The textile trade was the main industry in the Western region. In the past few years, however, factors such as high prices for cotton and declining orders from Japan and America have led to short time working and some redundancies within the industry. Last year Allan and Dorraine were both made redundant at the same time. Faced with the prospect of moving away to find work or being…Cirque du Soleil ("Circus of the Sun" or "Sun Circus") is a Canadian entertainment company and is the largest theatrical producer in the world. Privately owned Cirque du Soleil, started in 1984 by a troupe of stilt-walkers from nearby Baie-Saint-Paul in Quebec, reinvented the circus. Believing people worldwide were ready for something different to make them happy, they abandoned traditional acts such as lion tamers and bearded ladies. Instead, Cirque du Soleil offered dramatic, exquisitely choreographed shows marked by mystery and intrigue. Likewise, unlike traditional circuses, Cirque du Soleil targeted adults rather than children. Today, Cirque du Soleil is now one of Canada’s most important cultural exports, employing 5,000 people at eight permanent shows in Las Vegas and at 12 other troupes that tour the world. In 2017, Cirque du Soleil’s gross revenue was estimated to exceed Canadian $1 billion—it does not reveal its profits. As with any cultural product in a globalizing world,…
- Choose the CORRECT guidelines in entrepreneurship according to Islamic perspective.Pilih garis panduan yang BETUL dalam keusahawanan mengikut perspektif Islam.i. Doing what he was told/ Melakukan apa yang disuruhii. Avoiding whatever prohibited /Menjauhi apa yang dilarangiii. Planning and business strategy/ Perancangan dan strategi perniagaaniv. Understand the tenets of business/Mengetahui hukum-hakam perniagaan Select one:A.iii and iv/ iii dan iv B.All of the above/ Semua di atas C.ii and iv /ii dan iv D.i, ii and iii / i, ii dan iiiKhalil quit his job as an investment banker to start Assi Rafts, a canoe and kayak rental business in Bekaa. Khalil was tired of the corporate life and was ready for a change. He bought a land, built his facility, and bought canoes, kayaks, trailers, and vans. He did no market research such as talking to potential customers before investing in the business. In the seven years the business operated, it never reached even half the revenues it needed to be successful. In the end, he closed the business after spending all his and his parents' savings. What function would a business plan play in Khalil's case? * Enhance his creativity Strengthen his research skills Attract lenders and investors he was in desperate need for to launch his business Serve as his road map on the O journey toward building a successful businessTechnically, a born-global firm is a new venture that acts to satisfy a global product niche from day one. While various definitions of born-global firms have been proposed, this definition of born-global firms fits best with the entrepreneurship literature. This definition focuses on the creation of new ventures that are international by design and not by slow, steady emergence. Thus, when talking about born globals, the focus is on startup that start operating globally from inception and, therefore, excluding those firms that have progressively expanded domestic activities to include international activities. So within this context, please identify from the following a hallmark characteristic of a born global firm. A) Becoming an international competitor in between 5-7 years. B) From inception, seeks to derive significant competitive advantage from the use of typically knowledge-based resources and the sale of outputs in multiple countries. C)Adopting a global perspective…