3. Question 3 Why are more companies trying to implement ‘flat’ structures in place of pyramidal hierarchies? 1 point They foster empowerment and innovation They are cheaper in…
2. Question 2 Organizational structure and strategy are: 1 point Unrelated Linked, because strategy shows what to do, structure shows who does it Closely related
1. Question 1 What is the simplest definition of strategy? 1 point How to maximize profit How to create unique value by product differentiate How to defeat…
2. Question 2 Value is determined by: 1 point Interviewing potential clients, asking what they would pay Introspection, thinking what you yourself would pay …
4. Question 4 Client margin is: 1 point The gap between cost and price The gap between value and price The gap between value and cost
3. Question 3 “Social margin” is: 1 point The gap between cost and price The gap between cost and value The gap between value and price
1. Question 1 Only three numbers (value, price, cost) can help determine whether your idea is viable? Which of the three are most crucial? 1 point Cost Price…
1. Question 1 What does “think ahead backward” mean in practice? 1 point Use the past to guide your future plans First build plan, then think about why…
5. Question 5 What are the 5 key elements of every business plan? 1 point The need; the product; the unique features; future developments; the market The team;…
4. Question 4 What is a business plan? 1 point An Excel spreadsheet showing revenues and costs A Power Point presentation for potential investors A roadmap plan…
