BUS 433 Entire Course Business Strategy
Nature of Strategic Planning. 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 classmates’ postings.
Strategic and Entrepreneurial Thinking. 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? Respond to at least two of your classmates’ postings.
Week One Quiz. Complete the quiz on the assigned readings for the week.
Internal Competencies. In planning, one component to explore
is how an entrepreneurial organization’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?
Respond to at least two of your classmates’ postings.
External Feedback. Select a company and in a 250-300 word
response, identify what you believe are the company’s “listening posts”
(key opportunities) for getting feedback from the external environment.
Could the company expand its listening posts? How? Respond to at least
two of your classmates’ postings.
Week Two Quiz. Complete the quiz on the assigned readings for the week.
New Opportunities. Most successful businesses are focused on
existing markets and may not have the vision to spot new products and
services. Respond to the following in a 250 -300 word post: Is this
happening where you work? Does this lack of vision provide you an
opportunity to develop an entrepreneurial venture? Respond to at least
two of your classmates’ postings.
Expansion. 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? Respond
to at least two of your classmates’ postings.
Week Three Quiz. Complete the quiz on the assigned readings for the week.
Strategy Change. In a 2-3 page paper, identify an organization that has changed its strategy
(example: moving from differentiation to low cost) in the marketplace. Why do you think the company has
made its strategic change? How did it determine the appropriate time to make the change? What have been
the results? Use at least three references, two from ProQuest.
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.
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.
Challenges to Industry Giants. In your lifetime, do you think
companies such as Coke, McDonald’s, or Google will be overtaken by new,
entrepreneurial companies? In a 200-250 word response, indicate why you
selected your answer. Respond to at least two of your classmates’
postings.
Industry Change. 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. Respond to at least two of
your classmates’ postings.
Focus of the Final Paper
Imagine that you are the entrepreneur who has created a successful
new venture. The venture is posed to expand domestically and
internationally. In a 6-8 page paper, excluding title and reference
pages, address the following:
1. Identify what strategic leadership skills are needed for your
entrepreneurial venture to take it to the next growth level. How will
you evaluate the leaders in your venture to determine if they have the
strategic leadership skills needed?
2. In planning to take the entrepreneurial venture to another
country, identify the challenges/problems the venture may face. What
guidelines will you provide for managers to deal with the
challenges/problems?
3. What is the current level of entrepreneurial activities in the
United States? Overall, is the climate for entrepreneurship improving or
worsening? Your evaluation will determine whether strategic moves will
be made to expand the venture domestically.
4. As you work on your strategic plan for expansion, what kind of
expansion model will you use: internal venturing, acquisitions, mergers,
etc? What were the circumstances that influenced your choice?
Reference : ( http://homeworklance.com/downloads/bus-433-entire-course-business-strategy/ )
