BUS402 Week 1 Discussion 1 & 2 Latest 2017 June
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Week 1 Discussion 1
Entrepreneurs
Please respond to the following:
- Inc. magazine claims, “Entrepreneurship is more mundane than it is sometimes portrayed . . . you don’t need to be a person of mythical proportions to be very, very successful in building a company.” Discuss whether you agree or disagree with this statement and why.
- Analyze the characteristics of a successful entrepreneur and determine if you have what it takes to start your own business. Provide specific examples to support your response.
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Week 1 Discussion 2
Strategic Management
Please respond to the following:
- Analyze the steps involved in developing a strategic plan for a company and determine which step is the most difficult to get right. Explain your rationale.
- From the e-Activity, determine how you would leverage the support provided by the U.S. Small Business Administration in planning and starting your own business. Provide specific examples to support your response.
BUS402 Week 2 Discussion 1 & 2 Latest 2017 June
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Week 2 Discussion 1
Choosing a Form of Ownership
Please respond to the following:
Please respond to the following:
- From the e-Activity, describe the most appropriate form of ownership for your new franchise based on your current financial situation. Provide specific examples to support your response.
- Assume the form of your new business will be a partnership (if you have not already done so). Discuss the types of conflicts that may arise and how you could prevent them from arising in the first place.
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Week 2 Discussion 2
Franchising and the Entrepreneur
Please respond to the following:
Please respond to the following:
- Based on the case study (“Firehouse Subs”), determine which of the three options executives are considering would be most beneficial to a single franchise owner. Explain your rationale.
- From the e-Activity, discuss the advantages and disadvantages of being a franchisee of the franchise you selected. Provide specific examples to support your response.
BUS402 Week 3 Discussion 1 & 2 Latest 2017 June
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Week 3 Discussion 1
Week 3 Discussion 1
Buying an Existing Business
Please respond to the following:
- From the e-Activity, discuss the best possible method for determining the value of the business you selected. Explain your rationale.
- Create a strategy for negotiating the purchase of the business you selected in the e-Activity.
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Week 3 Discussion 2
Feasibility Analyses and Business Plans
Please respond to the following:
Please respond to the following:
- Develop an idea for a new business and conduct a feasibility analysis. Please be as creative as you like in the development of your idea (but as careful as you can be in your analysis of that idea).
- Analyze the steps involved in crafting a wining business plan and make at least one recommendation for improving the process. Explain your rationale for making the recommendation you did.
BUS402 Week 4 Discussion 1 & 2 Latest 2017 June
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Week 4 Discussion 1
Creating a Solid Financial Plan
Please respond to the following:
- Discuss the best way to leverage a breakeven analysis when defining a business strategy.
- Analyze the 12 financial ratios mentioned in the textbook and determine which is the most useful to the greatest number of small businesses. Explain your rationale.
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Week 4 Discussion 2
Managing Cash Flow
Please respond to the following:
- Analyze the steps involved in preparing a cash budget and determine which steps presents the greatest number of obstacles to the greatest number of small businesses. Explain your rationale.
- Analyze the steps involved in avoiding a cash crunch and make at least one additional recommendation for doing so. Provide specific examples to support your response.
BUS402 Week 5 Discussion 1 & 2 Latest 2017 June
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Week 5 Discussion 1
Guerrilla Marketing
Please respond to the following:
- From the first e-Activity, discuss the key elements that made the guerrilla marketing so successful. Explain your rationale.
- Discuss possible best practices from the guerrilla marketing campaign that different types of small businesses could leverage. Provide specific examples to support your response.
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Week 5 Discussion 2
Advertising and Promotion
Please respond to the following:
Please respond to the following:
- From the second e-Activity, determine the best possible way to leverage Facebook, Twitter, and other social networking sites to advertize and promote the small business of your choice. Explain your rationale.
- Select a small business with which you are familiar and then determine the best way for that business to stretch its advertising budget. Provide specific examples to support your response.
BUS402 Week 6 Discussion 1 & 2 Latest 2017 June
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Week 6 Discussion 1
Week 6 Discussion 1
Pricing and Globalization Strategies
Please respond to the following:
- From the e-Activity, discuss the best possible pricing strategy based on whether the company you selected is a retailer, manufacturer, or service firm. Explain your rationale.
- Discuss the best possible way the company you selected could expand its market globally.
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Week 6 Discussion 2
Globalization and Sources of Equity Financing
Please respond to the following:
Please respond to the following:
- From the e-Activity, discuss how the company you selected might benefit from selling new customers on e-Bay (as opposed to building and maintaining its own Website).
- Referring to the same company, determine the best source of equity capital available to the company you selected. Explain your rationale.
BUS402 Week 7 Discussion 1 & 2 Latest 2017 June
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Week 7 Discussion 1
Week 7 Discussion 1
Sources of Debt Financing
Please respond to the following:
- Briefly describe a small business you could envision yourself owning and discuss the most appropriate source of debt capital for that business. Explain your rationale.
- From the e-Activity, discuss how you could best use an SBA loan to get your business running or expanding. Provide specific examples to support your response.
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Week 7 Discussion 2
Location, Layout, and Physical Facilities
Please respond to the following:
Please respond to the following:
- Using the same small business you described in the first discussion, determine the best possible location for your business within driving distance of where you now live. Explain your rationale.
- Discuss the layout and design configuration of a building you would like to use to house your business, including how you would comply with the Americans with Disabilities Act.
BUS402 Week 8 Discussion 1 & 2 Latest 2017 June
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Week 8 Discussion 1
Week 8 Discussion 1
Supply Chain Management
Please respond to the following:
- From the e-Activity, determine which best practices can be applied to the greatest number of small businesses. Explain your rationale.
- Analyze the principles of Total Quality Management (TQM) and Six Sigma in regard to quality control of a product or service, and make at least one recommendation for improvement. Explain your rationale.
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Week 8 Discussion 2
Managing Inventory
- Describe a retail business with which you are familiar and determine the most suitable means of inventory control. Provide specific examples to support your response.
- For the same business, discuss what innovative steps you could take to deter employee theft and/or shoplifting.
BUS402 Week 9 Discussion 1 & 2 Latest 2017 June
Week 9 Discussion 1
Fikes Products
Please respond to the following:
Please respond to the following:
- From the case study, discuss possible new options for finding quality employees other than those considered in the case study.
- From the case study, discuss how Mark Sims could better motivate the employees he already has to become more productive and dedicated. Provide specific examples to support your response.
Week 9 Discussion 2
Management Succession and Risk Management Strategies
Please respond to the following:
Please respond to the following:
- Assume you are the owner of a small business with which you are familiar. Outline the basics of a management succession plan for passing the business on to the individual of your choice.
- Referring to the same small business, determine the most appropriate way for that business to minimize its exposure to risk. Explain your rationale.
BUS402 Week 10 Discussion 1 & 2 Latest 2017 June
Week 10 Discussion 1
Ethics and Social Responsibility
Please respond to the following:
Please respond to the following:
- Select a small business with which you are familiar and develop a plan of action for encouraging ethical behavior. Provide specific examples to support your response.
- Analyze a business’s responsibilities to the environment, employees, customers, investors, and the community, and determine which is the most important. Explain your rationale.
Week 10 Discussion 2
The Legal Environment
Please respond to the following:
- Select a small business with which you are familiar and discuss the most likely forms of business law it would need to be concerned about. Provide specific examples to support your response.
- Referring to the same company, discuss the most likely government regulations that would directly impact day-to-day operations. Provide specific examples to support your response.
BUS402 Week 11 Discussion 1 & 2 Latest 2017 June
Week 11 Discussion 1
Summation
Please respond to the following:
Please respond to the following:
- Reflecting back on everything you have learned in this course, discuss the single most important lesson any entrepreneur should apply in order to be successful. Explain your rationale.
- Summarize the lessons learned in this course in 140 characters or less (something you could post on Twitter)
Week 11 Discussion 2
My Dream Business
Please respond to the following:
- Discuss the most innovative idea you can dream up for a new business. Explain why you think it would be successful.
- Discuss the major challenges you would face in running such a business and how you would expect to overcome them. Provide specific examples to support your response.
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