Grand Canyon ENT420 all weeks discussion question answers

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ENT 420 Module 1 DQ 1

How will opportunities and the availability of capital change in this decade as a result of current and potential future economic trends? How can you prepare yourself as an entrepreneur for these changes? (Answer this question in essay format, using correct spelling and grammar. Your answer should be at least 70 words.)

ENT 420 Module 1 DQ 2

Choose three potential opportunities you see for entrepreneurial ventures in the next 10 years. What skills and knowledge would you need to pursue these opportunities? What type of personal characteristics would be needed to pursue these opportunities? (Answer this question in essay format, using correct spelling and grammar. Your answer should be at least 70 words.)

ENT 420 Module 2 DQ 1

Write out your entrepreneurial ideas in a 50-70-word entry, describing at least two ideas that entered your mind while contemplating taking this course. Prior marketing research is not required.

Each student must respond to at least two other students’ posts. In their responses, students should identify key characteristics that would be needed by someone pursuing the idea described.

ENT 420 Module 2 DQ 2

The most successful ventures have leadership and people as their most important competitive advantage. How does this change the way you think about opportunities? What type of people do you believe will be important to the success of your venture and why?

ENT 420 Module 3 DQ 1

After reading the article, “A SWOT Analysis for B2C E-Commerce: The Case of Amazon.com,” answer the following question:

Should Amazon have remained an online bookstore? Critically evaluate the arguments for and against diversification. Use the details from the SWOT analysis in your discussion. Your response should be between 150-200 words.

ENT 420 Module 3 DQ 2

Discuss how a SWOT analysis should be used as an analytical tool that can help you work through all the information you have about your business. Why should an entrepreneur conduct a SWOT analysis during his/her new business venture-planning phase?

ENT 420 Module 4 DQ 1

Max Points: 8.0

For your initial post, choose one of the articles listed below and summarize it in 250-300 words. Focus on how your article relates to or clarifies the concepts discussed in the Module 4 Readings. (APA format is not required, but proper grammar and spelling are expected. Make sure you clearly identify the article you are summarizing. When possible, check previous posts by other students so that you can try to choose an article not already summarized.)

Access the following articles and choose one for this Discussion Forum:

·         Khavul, S., Bruton, G. D., & Wood, E. (2009). Informal family business in Africa. Entrepreneurship: Theory & Practice, 33(6), 1219-1238. Retrieved from http://library.gcu.edu:2048/login?url=http://search.ebscohost.com/login.aspx?direct=true&db=bth&AN=45132275&loginpage=Login.asp&site=ehost-live&scope=site

·         Le Breton-Miller, I., & Miller, D. (2009). Agency vs. stewardship in public family firms: A social embeddedness reconciliation. Entrepreneurship: Theory & Practice, 33(6), 1169-1191. Retrieved from http://library.gcu.edu:2048/login?url=http://search.ebscohost.com/login.aspx?direct=true&db=bth&AN=45132278&loginpage=Login.asp&site=ehost-live&scope=site

·         Mitchell, J. R., Hart, T. A., Valcea, S., & Townsend, D. M. (2009). Becoming the boss: Discretion and postsuccession success in family firms. Entrepreneurship: Theory & Practice, 33(6), 1201-1218. Retrieved from http://library.gcu.edu:2048/login?url=http://search.ebscohost.com/login.aspx?direct=true&db=bth&AN=45132276&loginpage=Login.asp&site=ehost-live&scope=site

·         Reay, T. (2009). Family-business meta-identity, institutional pressures, and ability to respond to entrepreneurial opportunities. Entrepreneurship: Theory & Practice, 33(6), 1265-1270. Retrieved from http://library.gcu.edu:2048/login?url=http://search.ebscohost.com/login.aspx?direct=true&db=bth&AN=45132272&loginpage=Login.asp&site=ehost-live&scope=site

·         Shepherd, D., & Haynie, J. M. (2009). Family business, identity conflict, and an expedited entrepreneurial process: A process of resolving identity conflict. Entrepreneurship: Theory & Practice,  33(6), 1245-1264. Retrieved from http://library.gcu.edu:2048/login?url=http://search.ebscohost.com/login.aspx?direct=true&db=bth&AN=45132273&loginpage=Login.asp&site=ehost-live&scope=site

·         Smith, G. D. (2009). East Africa: Extended families with many rights. Entrepreneurship: Theory & Practice, 33(6), 1239-1244. Retrieved from http://library.gcu.edu:2048/login?url=http://search.ebscohost.com/login.aspx?direct=true&db=bth&AN=45132274&loginpage=Login.asp&site=ehost-live&scope=site

·         Villanueva, J., & Sapienza, H. J. (2009). Goal tolerance, outside investors, and family firm governance. Entrepreneurship: Theory & Practice, 33(6), 1193-1199. Retrieved from http://library.gcu.edu:2048/login?url=http://search.ebscohost.com/login.aspx?direct=true&db=bth&AN=45132277&loginpage=Login.asp&site=ehost-live&scope=site

As an additional post, each student will reply to the posted summary of at least one student (a student that chose a different article) and discuss how their own article relates and/or contrasts. This summary will be for the participation grade only.

ENT 420 Module 4 DQ 2

Why are constructive dialogue and/or changing strategic direction more difficult for a family business than other businesses, even though families are supposed to have closer relationships? Support your response with empirical evidence.

ENT 420 Module 5 DQ 1

Describe some ways of using other people’s resources.

ENT 420 Module 5 DQ 2

Discuss the premise behind fundraising strategies of the successful entrepreneur

ENT 420 Module 6 DQ 1

What primary considerations, in addition to good character, management capability, collateral, and owner’s equity in the SBA’s loan decision process should be realized in an entrepreneur’s application for a basic 7(a) guaranteed loan?

ENT 420 Module 6 DQ 2

Max Points: 8.0

Describe the entrepreneurial nature of the franchising model.

ENT 420 Module 7 DQ 1

With your understanding of the commercial lending processes, discuss your comfort level in participating in the financing efforts of a new business. Explain the lending processes in order from most comfortable to least. As an entrepreneur, would you feel comfortable with guiding or leading such efforts? Explain why or why not.

ENT 420 Module 7 DQ 2

How does a new business go about convincing a commercial lender that the business has a good credit rating?

ENT 420 Module 8 DQ 1

Discuss why entrepreneurs who truly know themselves make the best ethical decisions

ENT 420 Module 8 DQ 2

What are the ways entrepreneurs can “give back” following a successful harvest?