Week 1 Discussion 1 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 classmatesâ€™ postings. Discussion 2 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? Week 2 Discussion 1 In planning, one component to explore is how an entrepreneurial organizationâ€™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? Discussion 2 Select a company planning, one component to explore is how an entrepreneurial organizationâ€™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? Week 3 Discussion 1 Please watch the Forbes video entitled Top Five Startup Tips from Spanx Billionaire Sara Blakely (2010). Sara Blakely is the youngest self-made female billionaire. She is creator of the ubiquitous womenâ€™s shape ware brand, â€œSpanx.â€ In this video she shares useful tips for new business owners who are strategizing how to successfully grow their business. Based on the content presented in the video, please answer the following: â€¢ Sara outlines five tips for entrepreneurs. Please list these five tips. â€¢ Sara weighs in on the importance of â€œvisualizing where you are headedâ€ as well as â€œembracing what you donâ€™t know.â€ Please discuss: o What she means by these concepts, and o Whether these ideas are inherently conflicting. In other words, please discuss whether it is realistic for an entrepreneur to both understand where his or her business is trying to go, yet simultaneously learn and respond to new â€œthings you donâ€™t knowâ€ along the way? Is she arguing one must be both steadfast and adaptable? Discussion 2 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 Week 4 Discussion 1 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? Discussion 2 In a 250-300 word post, answer the following questions: Are there 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? Week 5 Discussion 1 In your lifetime, do you think companies such as Coke, McDonaldâ€™s, or Google will be overtaken by new, entrepreneurial companies? In a 200-250 word response, indicate why you selected your answer. Discussion 2 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. Assignment 1 Strategy Change In a four to five page paper, not including the title and reference pages, identify an organization that has changed its strategy (e.g., moving from differentiation to low cost)
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