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Creative Disruption
Discuss the impacts that entrepreneurship and creative disruption have on existing organizations and the workforce (i.e. machines replacing workers, new skills required due to technological innovation, etc.). Should entrepreneurs be concerned with the possibility that his/her innovation might eliminate the need for certain skills or result in the loss of jobs?
Entrepreneurial Culture
Identify an organization with a visible entrepreneurial culture. How has the culture contributed toward organizational performance? For example: The company, 3M, values innovation and encourages employees to experiment on company time. Then, if the experimentation results in an innovation, the company allows the employee to work on the project team for the innovation and provides a monetary reward to the employee for his/her creativity. Now think about the entrepreneurial level of the culture in your own organization. What structures or processes promote entrepreneurship? What structures of processes hinder entrepreneurship?
A recent McKinsey report concluded that 'If a price war occurs in a specific market-Critically examine this statement.
Select a California publicly held Corporation to use as the basis for this. Use the Internet to acquire a copy of your selected firm's most recent financial statements.
Compute the cross elasticity of demand among kingston's product and the rival product.
The financial analysis department at MorTex estimates that the price of a textile machine is $ 600 per day. Can management reduce the cost of assembling 5,400 units per day by purchasing a textile machine and using less labor? Why or why not?
Consider the following two good pure exchange economy: Alfred's utility function is U A (x, y) = min{x, y} and Bob's utility function is U B (x, y) = max{x, y}.
Illustrate what is nominal GDP. Illustrate what is real GDP included in each.
If the demand for money depends positively on real income and depends inversely on nominal interest rate, determine what would happen to the price level today if the central bank declares.
When does a recession begin and when does it end and the dating of a business cycle is done by the Business Cycle Dating Committee of the National Bureau of Economic Research
A famous quarterback quite signed a $15 million contract providing $3 million a year for 5 years suppose that he gets paid at the end of each year.
As seen during financial crisis of the 1930s and in history, markets are globally interconnected. Aside from financial markets, different countries have different resources.
The equivalent uniform yearly cost per machine (years 1-5) at an interest rate of 8% per year is.
Graph the isoquant that these calculations imply. Explain in very clear and complete terms why the isoquant has the shape that you observe.
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