Choose either A or B:A. To have a chance at success, the SME (small to medium enterprise) must have resources that no one has and which no one else can develop (at least for some time). Thus, it is said that innovation is at the heart of entrepreneurship. You are invited in this Forum to exhibit your skills in innovation by “developing” (virtually) a product or service that you would sell as an SME. You may tailor your product, service, or SME to any region or country and any industry. Note that these products and services will bear a copyright (for the concept) as soon as these are published, so please don’t copy each other or steal ideas! Response Requirements:Describe your product or service, industry, and chosen region or country.Make sure to state WHY you chose the particular region, country, or industry.Explain what you believe the barriers (if any) exist to success and what you believe the major opportunities exist for success. B. Imagine that you are an entrepreneurial visionary who invented a technological breakthrough that made the electric car feasible and affordable while maintaining performance equal to or better than many gasoline-powered cars. Thanks to rave reviews from U.S. auto journalists and spectacular tales on the Internet, there is a great demand for your technology across the globe. As you look to internationalize, which strategy would you choose? In making this decision, keep in mind that you have incurred much debt while developing your invention and going overseas would require significantly higher levels of financing. Would you prefer to enter foreign markets directly, ensuring that you maintain control over your innovation while facing greater costs or would you choose to reduce costs by staying in the domestic market, running the risk of losing a significant amount of control? Would certain pieces of technology, such as the Internet, make one approach more ideal than the other?Response Requirements:Respond to the questions.Explain what you believe the barriers (if any) exist to success and what you believe the major opportunities exist for success.
Choose either A or B:A. To have a chance at success, the SME (small to medium enterprise) must have resources that no one has and which no one else can develop (at least for some time). Thus, it is said that innovation is at the heart of entrepreneurship. You are invited in this Forum to exhibit your skills in innovation by “developing” (virtually) a product or service that you would sell as an SME. You may tailor your product, service, or SME to any region or country and any industry. Note that these products and services will bear a copyright (for the concept) as soon as these are published, so please don’t copy each other or steal ideas! Response Requirements:Describe your product or service, industry, and chosen region or country.Make sure to state WHY you chose the particular region, country, or industry.Explain what you believe the barriers (if any) exist to success and what you believe the major opportunities exist for success. B. Imagine that you are an entrepreneurial visionary who invented a technological breakthrough that made the electric car feasible and affordable while maintaining performance equal to or better than many gasoline-powered cars. Thanks to rave reviews from U.S. auto journalists and spectacular tales on the Internet, there is a great demand for your technology across the globe. As you look to internationalize, which strategy would you choose? In making this decision, keep in mind that you have incurred much debt while developing your invention and going overseas would require significantly higher levels of financing. Would you prefer to enter foreign markets directly, ensuring that you maintain control over your innovation while facing greater costs or would you choose to reduce costs by staying in the domestic market, running the risk of losing a significant amount of control? Would certain pieces of technology, such as the Internet, make one approach more ideal than the other?Response Requirements:Respond to the questions.Explain what you believe the barriers (if any) exist to success and what you believe the major opportunities exist for success.
Choose either A or B:A. To have a chance at success, the SME (small to medium enterprise) must have resources that no one has and which no one else can develop (at least for some time). Thus, it is said that innovation is at the heart of entrepreneurship. You are invited in this Forum to exhibit your skills in innovation by “developing” (virtually) a product or service that you would sell as an SME. You may tailor your product, service, or SME to any region or country and any industry. Note that these products and services will bear a copyright (for the concept) as soon as these are published, so please don’t copy each other or steal ideas! Response Requirements:Describe your product or service, industry, and chosen region or country.Make sure to state WHY you chose the particular region, country, or industry.Explain what you believe the barriers (if any) exist to success and what you believe the major opportunities exist for success. B. Imagine that you are an entrepreneurial visionary who invented a technological breakthrough that made the electric car feasible and affordable while maintaining performance equal to or better than many gasoline-powered cars. Thanks to rave reviews from U.S. auto journalists and spectacular tales on the Internet, there is a great demand for your technology across the globe. As you look to internationalize, which strategy would you choose? In making this decision, keep in mind that you have incurred much debt while developing your invention and going overseas would require significantly higher levels of financing. Would you prefer to enter foreign markets directly, ensuring that you maintain control over your innovation while facing greater costs or would you choose to reduce costs by staying in the domestic market, running the risk of losing a significant amount of control? Would certain pieces of technology, such as the Internet, make one approach more ideal than the other?Response Requirements:Respond to the questions.Explain what you believe the barriers (if any) exist to success and what you believe the major opportunities exist for success.
Choose either A or B:A. To have a chance at success, the SME (small to medium enterprise) must have resources that no one has and which no one else can develop (at least for some time). Thus, it is said that innovation is at the heart of entrepreneurship. You are invited in this Forum to exhibit your skills in innovation by “developing” (virtually) a product or service that you would sell as an SME. You may tailor your product, service, or SME to any region or country and any industry. Note that these products and services will bear a copyright (for the concept) as soon as these are published, so please don’t copy each other or steal ideas! Response Requirements:Describe your product or service, industry, and chosen region or country.Make sure to state WHY you chose the particular region, country, or industry.Explain what you believe the barriers (if any) exist to success and what you believe the major opportunities exist for success. B. Imagine that you are an entrepreneurial visionary who invented a technological breakthrough that made the electric car feasible and affordable while maintaining performance equal to or better than many gasoline-powered cars. Thanks to rave reviews from U.S. auto journalists and spectacular tales on the Internet, there is a great demand for your technology across the globe. As you look to internationalize, which strategy would you choose? In making this decision, keep in mind that you have incurred much debt while developing your invention and going overseas would require significantly higher levels of financing. Would you prefer to enter foreign markets directly, ensuring that you maintain control over your innovation while facing greater costs or would you choose to reduce costs by staying in the domestic market, running the risk of losing a significant amount of control? Would certain pieces of technology, such as the Internet, make one approach more ideal than the other?Response Requirements:Respond to the questions.Explain what you believe the barriers (if any) exist to success and what you believe the major opportunities exist for success.
