Exam (elaborations)
Bus 310 Questions And Answers Latest Update
- Course
- BUS 310
- Institution
- University Of Southern California
Bus 310 Questions And Answers Latest Update
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Solution 2024/2025Pepper
Bus 310 Questions And Answers Latest Update
Opportunities ANS✔✔ the raw material of entrepreneurship, they are
created by disruptions in the status quo - seek change and you will find
opportunity.
Economies of scale ANS✔✔ items become cheaper to produce as volumes
increase
Utilization ANS✔✔ the more closely a high sunk or fixed cost asset runs to
capacity, the lower cost per unit
Process Improvement ANS✔✔ elimination waste (motion, raw materials,
energy etc.)
A tolerance for ambiguity ANS✔✔ The ability to hold both ideas in tension,
to commit to charging ahead at the same time you begin looking for
evidence to prove you are wrong
Web 2.0 ANS✔✔ the move to internet as a platform, "the power of user
contribution, collective intelligence, and network effects"
FIT framework ANS✔✔ Key Success Factors (KSFs)... opportunity, people,
deal, systems.. you will need to build a successful business
net job creation ANS✔✔ economy must create more jobs that it loses
, Solution 2024/2025
Pepper
B Corporation ANS✔✔ Combined features of a for-profit and a non-profit. a
new type of corporation which uses the power of business to solve social
and environmental problems.
B Lab ANS✔✔ certifies B Corporations.
High Tech Clusters ANS✔✔ A nearby geographic area composed of
businesses, non-profits and other professional assets that complement one
another around and industry and technology focus
Bob Dole 1980 ANS✔✔ universities own inventions that come out of R&D,
they can patent and license the inventions but professor must receive some
of the revenue
Social Entrepreneurship ANS✔✔ private companies that have social values
as part of their mission and vision. Early in US history private companies
were required to have "larger good" purposes in their goals. (More
democratic)
Private Corporation ANS✔✔ have more freedom to peruse "social goals."
Public Corporation ANS✔✔ must fulfill "fiduciary duty" or else they risk being
sued for not maximizing shareholder value
Triple bottom line ANS✔✔ people, planet, profit .. business must cater to all
three things
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