What motivates spectators to attend sporting events?
What public support exists for the inclusion of esports in the Olympic Games?
To what effect have students used online platforms to ensure a sense of community during lockdown?
Do you find any of these particular practices to be ethically questionable? What are those practices?
Why do you think these practices are unethical using one of the ethical theories in your toolkit?
Are you surprised or alarmed that so much of your personal data is available in this ecosystem?
Do you think the system ought to be changed to eliminate these practices and, if so, what changes would you suggest?
CW1 Summarise your business idea so that it has a real impact on a potential investor, client, or other stakeholder
This section is all about explaining the need you wish to meet and the problem that you are proposing to solve. You need to demonstrate that there is likely to be demand in the market for your product/service or project. You need to identify who your target customer is, and why they need what you are proposing. You need to point out how your business idea prioritises and creates the value that your target market requires. By doing that you are expected to outline at least three examples of value your solution offers.
Is the solution you provide for individuals or organisations? What are their characteristics? How many possible customers are there? Will the people or organisations who pay for the service or product be the same ones who use it? (For instance, university services are partly paid for by the government or the university, but they are used by students.) Finally, in the market, are there several different kinds of customers and needs (segments)?
The key questions you should answer are:
What is the need being addressed or problem being solved?
Whose problem or need is it, and what do customers value?
What size is your target market?
Are your customers the ‘end users’? If not, who is?
How have you ‘segmented’ your market?
The key questions to answer here are:
Who are your main competitors?
How well do they understand their target customer? what mechanism do they have in place to ensure that they are aware of how they create value for their customer
Why are they not solving the market need that you have identified already?
What are the ‘substitute’ products/ services to yours?
How well do they understand their target customer? What mechanism do they have in place to ensure that they are aware of how they create value for their customer?
Discuss a situation where you believe that a student-athlete and/or the parents of a student-athlete deserved due process. describe a different situation where due process may not be required.
What military roles did women play in world war 2?Discuss.
Describe the nature and role of an internal assessment
in formulating strategies.
Discuss the nature and role of management in
formulating strategies.
Discuss the nature and role of marketing in formulating
strategies.
Discuss the nature and role of finance and accounting
in formulating strategies.
Discuss management information systems (MIS) in
terms of formulating strategies.
Explain how to develop and use an Internal Factor
Evaluation (IFE) Matrix.
Does the firm use strategic-management concepts?
Are company objectives and goals measurable and well
communicated?
Do managers at all hierarchical levels plan effectively?
Do managers delegate authority well?
Is the organization’s structure appropriate?
Are job descriptions and job specifications clear?
Is employee morale high?
Are employee turnover and absenteeism low?
Are organizational reward and control mechanisms
effective?
Are product quality and customer service good?
Are the firm’s products and services priced appropriately?
Does the firm have an effective promotional strategy?
Is the firm’s Internet presence excellent as compared to
rivals?
How has each ratio changed over time?
How does each ratio compare to industry norms?
How does each ratio compare with key competitors?
Where is the firm financially strong and weak as indicated
by financial ratio analyses?
Can the firm raise needed short-term capital?
Can the firm raise needed long-term capital through debt
or equity?
Does the firm have sufficient working capital?
Are capital budgeting procedures effective?
Are dividend payout policies reasonable?
Does the firm have excellent relations with its investors
and stockholders?
Are the firm’s financial managers experienced and well
trained?
Is the firm’s debt situation excellent?
Describe the nature and purpose of an external
assessment in formulating strategies.
Identify and discuss 10 external forces that impact
organizations.
Explain Porter’s Five-Forces Model and its relevance in
formulating strategies.
Describe key sources of information for identifying
opportunities and threats.
Discuss forecasting tools and techniques.
Explain how to develop and use an External Factor
Evaluation (EFE) Matrix.
Explain how to develop and use a Competitive Profile
Matrix (CPM).
What are the strengths and weaknesses of our major
competitors?
What products and services do we offer that are unique in
the industry?
What are the objectives and strategies of our major
competitors?
How will our major competitors most likely respond to
current economic, SCDE, political, governmental, legal,
technological, and competitive trends affecting our
industry?
How vulnerable are the major competitors to our new
strategies, products, and services?
How vulnerable is our firm to successful counterattack by
our major competitors?
How does our firm compare to rivals in mastering the
social-media conversation in this industry?
To what extent are new firms entering and old firms
leaving this industry?
What key factors have resulted in our present competitive
position in this industry?
How are supplier and distributor relationships changing
in this industry?
What was the Berlin Wall and how did it fall?Discuss. https://www.iwm.org.uk/history/what-was-the-berlin-wall-and-how-did-it-fall (Links to an external site.)
Jones, G. R., & George, J. M. (2021). Essentials of contemporary management (9th ed.). McGraw Hill.
UChannel. (2008, July 28). The world is flat [Video]. YouTube.
https://www.youtube.com/watch?v=UcK3b9qlBfk&t=944s (Links to an external site.)
Identify volunteer opportunities related to the field you are pursuing that would help you confirm the field is right for you.
Career Search Information – a) Find a job description for your ideal or “dream” job on Indeed.com or another job site; b) Compare the job description of the job to the program of study you are in; c) Explain what courses in the program are going to give you the skills you need to succeed in that job; d) Explain what you need to personally do to ensure you gain the skills in those courses.
Determine factors affecting decision implementation.
Evaluate resources and actions required for implementation.
Evaluate ethical implications of a decision.
Evaluate decision-making outcomes and processes.
