Principles of Management
Principles of Management
OER 2019 Edition
ISBN: 9780998625768
Author: OpenStax
Publisher: OpenStax College
Textbook Question
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Chapter 18.5, Problem 1CC

In the beginning, Acer was very entrepreneurial. However, the firm realized that if it was to continue to grow, it needed to develop some structures and processes. What adjustments did Acer make to become a global firm?

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Identify any three local entrepreneurs who built their business based on who they were and their strengths. They could be entrepreneurs you know or from your country. Fill in the table below to record your findings. You have 20 minutes to complete this activity. Entrepreneur Venture Name 1 2 3 How did they leverage the Bird-in-Hand principle? You know that the future is unpredictable-so, rather than defining a specific plan to reach a specific goal, it makes sense to focus on what means are available to you right now.
How did the firm try to grow worldwide?
5) Let's say you become an entrepreneur, What would be the product that you'd like to introduce to the market? Give reasoning why you choose this product?  What is your competitive advantage in the market? Can you compete globally with your product?

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Principles of Management

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Principles of Management
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ISBN:9780998625768
Author:OpenStax
Publisher:OpenStax College