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What are four different strategies for reaching global markets?
Franchising Exporting Contract Manufacturing Joint Venture
What are the characteristics of a good mission statement?
the first charecteristic of a good mission statement is it has update report of the business venture and it has the whole analysis of strength , weakness , opportunities and threats for take a good strategy for the business gain..
Describe convincingly that you are passionately committed to your new business and have the realism to make inevitable hard choices?
I am deeply passionate about my new business, driven by a vision to create meaningful impact and innovative solutions in my industry. This commitment fuels my determination to navigate challenges and make tough decisions when necessary, ensuring the long-term success of my venture. I understand that growth often requires sacrifices, whether it's reallocating resources or pivoting strategies, and I'm prepared to embrace these realities with a clear focus on our goals. Ultimately, my dedication to this business is matched by my willingness to make pragmatic choices for its future.
Five major differences between the early years of e-commerce and today's e-commerce?
à What are five of the major differences between the early years of e-commerce and today's e-commerce?The major differences between the early years of e-commerce (the Innovation stage), the period between 2001-2006 (the Consolidation stage) and today's e-commerce (the Reinvention stage) are:· During the Innovation stage, e-commerce was primarily technology-driven. During the Consolidation stage, it was primarily business-driven. Today's e-commerce, while still business-driven, is also audience, customer, and community-driven.· During the Innovation stage, firms placed an emphasis on revenue growth, quickly achieving high market visibility/market share. During the Consolidation stage, the emphasis was on building profitable firms. Today, audience and social network growth are being emphasized.· Startups during the Innovation stage were financed by venture capitalists, while those in the Consolidation stage were primarily financed by traditional methods. Today, startups are once again being financed by venture capitalists, albeit with smaller investments. In addition, many large online firms are now entering the market, and acquiring early stage firms via buy-outs.· During the Innovation phase, e-commerce was, for the most part, ungoverned. In the Consolidation stage, there was a rise in the amount of regulation and governmental controls by governments worldwide. Today, there is extensive government regulation and surveillance.· The Innovation stage of e-commerce was characterized by the young entrepreneurial spirit. During the Consolidation stage, e-commerce was primarily dominated by the retail giants. Today, large purely Web-based firms are playing a major role.· The Innovation phase was characterized by an emphasis on deconstructing traditional distribution channels and disinters mediating existing channels. During the Consolidation stage, intermediaries strengthened. Today, there are proliferations of small online intermediaries that are renting the business processes of larger firms.· "Perfect markets" in which direct market relationships with consumers, the decline of intermediaries, and lower transaction costs resulted in intense competition and the elimination of brands, are being replaced by imperfect markets. Imperfect markets are characterized by a strengthening of brand name importance, increasing information asymmetries, price discrimination, and network effects.· The early years of e-commerce saw an infusion of pure online businesses that thought they could achieve unassailable first mover advantages. During the Consolidation period, successful firms used a mixed "bricks-and-clicks" strategy, combining traditional sales channels such as physical stores and printed catalogs with online efforts. Today, there is a return of pure online strategies in new markets, as well as continuing extension of the "bricks and clicks" strategy in traditional retail markets.· The early years of e-commerce were dominated by the first movers. In the Consolidation stage, e-commerce was dominated by the well-endowed and experienced Fortune 500 and other traditional firms. Today, first-mover advantages are returning in new markets as traditional Web players catch up.
When did mark zuckerberg start his business venture?
Mark Zuckerberg co-founded Facebook in February 2004 while he was a student at Harvard University. Initially designed as a social networking site for Harvard students, it quickly expanded to other universities and eventually to the general public. This venture significantly changed the landscape of social media and led to Zuckerberg becoming one of the youngest billionaires in history.
Define proportionate consolidation?
It is referred to proportionate accounting. The proportionate method of accounting consolidation is often applied to joint venture business, where two or more business parties are sharing the same interest based on a contractual agreement. When dealing with proportionate accounting, one has to add investment in the joint venture in the left side of BS, and add each proportion of it to assets, liabilities and profit after joint venture.
What difference between proportionate method of consolidation and equity method of consolidation?
If there is a joint venture between two companies. Each of the companies, under the equity method, only records half of the income from the joint venture on the income statement-nothing on balance sheet. With the proportionate consolidation method, the parent companies record half of the liabilities and assets from the joint venture.
Are there other strategies or approaches where you can assess your PECs Explain how these strategie s will become more useful in selecting a viable business venture.?
KAYAAT THORJACK
Why do people venture into a business?
for me...most people venture into business to have profit and to have xtra work.
What is the purpose of your investment request?
The purpose of the investment request is to secure funding for a specific project or business venture in order to achieve growth, expansion, or other financial goals.
Can I apply for a loan to help finance my new business venture?
Yes, you can apply for a loan to help finance your new business venture.
Can you use a dissolved company name for a new business venture?
No, you cannot use the name of a dissolved company for a new business venture.
Example of feasibility study for a new business venture?
yesfeasibility study for bakerybusiness venture?
Where would salanio attention be if he had business venture abroad?
If Salanio had a business venture abroad, his attention would likely be focused on market research, understanding local regulations, and building relationships with local partners or clients. He would also need to monitor financial performance, adapt his business strategies to fit the new market, and ensure effective communication across cultural barriers. Additionally, maintaining a strong supply chain and addressing any logistical challenges would be crucial for his venture's success.
Why have cios become important contributors to corporate strategies?
because they are in existing technology platforms and at the same time venture for new investments in upcoming technology which would improve the way the company does business
What is a risk of entrepreneurship?
failing at the business venture
What is promotion of venture?
promoting a new business
