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Section I ( 2 0 Points ) Topic: Synthesis of Outside Knowledge and Experience Case: Entrepreneurial Pitch a ) The economist Joseph Schumpeter famously characterized
Section I Points
Topic:
Synthesis of
Outside
Knowledge and
Experience
Case:
Entrepreneurial
Pitch
a The economist Joseph Schumpeter famously characterized the entrepreneur as "a person who carries out new combinations, which may take the form of new products, processes, markets, organizational forms, or sources of supply.
According to Schumpeter's view, old and new knowledge are brought together in a synthesis that forms the basis for a new business. First, briefly describe the business need that forms the basis of your entrepreneurial pitch, and outline how your proposed venture will answer this need and be sustainable points
b Next, list the major sources of knowledge you assembled for your entrepreneurial pitch, and demonstrate hor you blended or synthesized the research and experiences to create a new foundation, a 'new combination, f your proposed business points
Section II Points
Topic: VRIO Analysis
Case: Cervus
Part A Points
Explain the VRIO model, its components and its usefulness in evaluating and determining how different fir resources and capabilities contribute to an understanding of competitive advantage.
Part B Points
Use VRIO analysis to evaluate Cervus's resources and capabilities as a basis for achieving its goals for gr
Section III Points
Topic: CAGE Analysis
Case: MABE
Part A Points
Explain the CAGE model, its components, and its usefulness in evaluating international business decis
Part B Points
For MABE, use the CAGE model to evaluate the challenges inherent in the joint venture decision.
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