Ashford BUS433 Week 4 – Discussions & Quiz

BUS 433 (Ashford) – New Business StrategyBUS 433 – Week 4Week 4 DQ 1: Process 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.Week 4 DQ 2: Global Expansions: 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? Respond to at least two of your classmates’ postings.Week Four Quiz: Complete the quiz on the assigned readings for the week.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 technologiesdevelopment