Homework Clinic
Social Science Clinic => Business => Management => Topic started by: Zulu123 on Oct 23, 2019
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A New Subsidiary (Scenario)
Philip works for a large multinational corporation with offices in 23 countries, 64,000 employees worldwide, and $8 billion in annual sales. The company was involved in several different industries: automotive parts, rapid transit systems, and recreational vehicles. Philip is the executive vice-president of new technology ventures.
Philip wants you to investigate and potentially launch a business focusing on alternative energy systems. The first area you are to explore is the potential business opportunity of ocean tidal energy. You are to explore what technology already exists that can be exploited, what additional technology development is needed, and figure out the viability of the tidal energy as an entrepreneurial venture.
When Philip asks you to look at the potential viability of the business opportunity of tidal energy, he is really asking you to complete a ________.
◦ business plan
◦ research and development plan
◦ feasibility study
◦ applied theory study
◦ commercialization study
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feasibility study
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A New Subsidiary (Scenario)
Philip works for a large multinational corporation with offices in 23 countries, 64,000 employees worldwide, and $8 billion in annual sales. The company was involved in several different industries: automotive parts, rapid transit systems, and recreational vehicles. Philip is the executive vice-president of new technology ventures.
Philip wants you to investigate and potentially launch a business focusing on alternative energy systems. The first area you are to explore is the potential business opportunity of ocean tidal energy. You are to explore what technology already exists that can be exploited, what additional technology development is needed, and figure out the viability of the tidal energy as an entrepreneurial venture.
To develop tidal energy fully, you will likely need to conduct a wide range of research into what technology exists already, known as ________, and look for the gaps that would provide opportunities for further ________.
◦ research and development; curiosity-driven research
◦ curiosity-driven research; research and development
◦ curiosity-driven research; applied research
◦ applied research; research and development
◦ research and development; applied research
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applied research; research and development
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A New Subsidiary (Scenario)
Philip works for a large multinational corporation with offices in 23 countries, 64,000 employees worldwide, and $8 billion in annual sales. The company was involved in several different industries: automotive parts, rapid transit systems, and recreational vehicles. Philip is the executive vice-president of new technology ventures.
Philip wants you to investigate and potentially launch a business focusing on alternative energy systems. The first area you are to explore is the potential business opportunity of ocean tidal energy. You are to explore what technology already exists that can be exploited, what additional technology development is needed, and figure out the viability of the tidal energy as an entrepreneurial venture.
It is rumoured that Philip has been directed to develop this business for the overall good of the planet, as a way of contributing to the turnaround of greenhouse gas and oil consumption issues. The company would be set up as a public trust, with all profits either returned back to the organization for further development or donated to specific organizations such as the Bill and Melinda Gates Foundation. If so, this would then become a ________ venture.
◦ semi-private
◦ public interest
◦ public
◦ social
◦ holistic
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social
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A New Subsidiary (Scenario)
Philip works for a large multinational corporation with offices in 23 countries, 64,000 employees worldwide, and $8 billion in annual sales. The company was involved in several different industries: automotive parts, rapid transit systems, and recreational vehicles. Philip is the executive vice-president of new technology ventures.
Philip wants you to investigate and potentially launch a business focusing on alternative energy systems. The first area you are to explore is the potential business opportunity of ocean tidal energy. You are to explore what technology already exists that can be exploited, what additional technology development is needed, and figure out the viability of the tidal energy as an entrepreneurial venture.
One can see the three key facets of the Timmins Model of the Entrepreneurial Process. The corporation is providing the resources (financial, etc.), you are leading the team, and it is your job to uncover and clarify the ________.
◦ social acceptance
◦ marketability
◦ profitability
◦ opportunity
◦ feasibility
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opportunity
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A New Subsidiary (Scenario)
Philip works for a large multinational corporation with offices in 23 countries, 64,000 employees worldwide, and $8 billion in annual sales. The company was involved in several different industries: automotive parts, rapid transit systems, and recreational vehicles. Philip is the executive vice-president of new technology ventures.
Philip wants you to investigate and potentially launch a business focusing on alternative energy systems. The first area you are to explore is the potential business opportunity of ocean tidal energy. You are to explore what technology already exists that can be exploited, what additional technology development is needed, and figure out the viability of the tidal energy as an entrepreneurial venture.
The idea for the marine tidal energy is not brand new, and the technology still holds a great deal of opportunity. Once you have thoroughly researched the venture's feasibility, the next most important step is to ________.
◦ hire employees
◦ find possible customers
◦ research competitors
◦ create a marketing strategy
◦ develop a business plan
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develop a business plan
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thank you
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THANK YOU
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Thank You