What is an emerging industry? What is the primary opportunity ...

[Haya94]

What is an emerging industry? What is the primary opportunity available to entrepreneurial firms in emerging industries? Name three examples of firms in emerging industries.
 
  What will be an ideal response?

Question 2

Jason Andersen just finished writing a business plan for a new type of office supply store.
 
  One thing Jason included in the Management Team & Company Structure section of his business plan is a chart that depicts the most important skills that are needed for his business and where skills gaps exist. Jason included a(n)________ in his business plan.
  A) skills profile
  B) talent report
  C) abilities profile
  D) expertise report
  E) talent summary

[zenzy]

Answer to Question 1

An emerging industry is a new industry in which standard operating procedures have yet to be developed. The firm that pioneers or takes the leadership of an emerging industry often captures a first-mover advantage, which is a sometimes insurmountable advantage gained by the firm initiating the first significant move into a new market. Examples of firms in emerging industries include Apple with its iTunes music store, Brain Sentry in devices that detect concussions, and Buzzy in procedures that help relieve pain when shots are administered.

Answer to Question 2

A

[Haya94]

TYSM

[scottmt]

Gracias!