Devry SBE440 Week 1,2,3 & 4 Discussion DQ1 & DQ2 Latest 2015 November

QUESTION

Devry SBE440 Week 1 Discussion DQ1
&DQ 2 Latest 2015 November

DQ 1

Why should small business owners and entrepreneurs spend time
planning for their business when creating the business takes so much effort?

Does failing to plan mean that one plans to fail?

DQ 2

What is the necessary requirement to turn a business idea into a
business? If you don’t have customers willing to buy your new product or
service at a price that gives you a profit, do you really have a business?

Devry SBE440 Week 2 Discussion DQ1
& DQ2 Latest 2015 November

DQ 1

Peter Lynch (a legendary investment fund manager) once said that
he wouldn’t invest in a company unless he could explain its business in five
minutes or less to his 12 year old son. Why is the 60 second elevator pitch so
important?

How might you explain a high-tech idea to someone who is not tech savvy?

DQ 2

Is there any business that has no competitors?

If your business is so attractive, why aren’t others already in it?

Devry SBE440 Week 3 Discussion DQ1
& DQ2 Latest 2015 November

DQ 1

What are the differences between products and services that are
needs rather than wants?

How do you know if a potential customer is ready to buy?

DQ 2

How do high tech companies (e.g. Apple, Microsoft, Dell, and HP)
promote new products to generate maximum customer interest?

Can you promote the scarcity of initial products as a sales
gimmick?

Devry SBE440 Week 4 Discussion DQ1
& DQ2 Latest 2015 November

DQ 1

For
the business you chose, what form of ownership seems best? Why? Discuss
the pros and cons of the alternative forms of ownership that lead to your
decision.

Does
a corporation really mitigate legal risks to the operator of the business?
If so, how are the risks mitigated? What risks remain?

DQ 2

Assuming
that you do not possess all of the skills to carry out every business
function, which management skill would you acquire first, and why?

What
are the advantages and disadvantages of outsourcing key management
functions, such as marketing and finance?

ANSWER:

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