Podcast
Questions and Answers
Global entrepreneurship has the potential to drive innovation and economic growth worldwide.
Global entrepreneurship has the potential to drive innovation and economic growth worldwide.
True
Edison's approach to R&D involved randomly conducting experiments.
Edison's approach to R&D involved randomly conducting experiments.
False
Inventions are not considered intellectual property.
Inventions are not considered intellectual property.
False
Allocating resources for research and development involves only budget considerations.
Allocating resources for research and development involves only budget considerations.
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Research and development facilities do not need to be equipped with state-of-the-art equipment and tools.
Research and development facilities do not need to be equipped with state-of-the-art equipment and tools.
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Global sourcing is the practice of sourcing goods and services exclusively from local suppliers.
Global sourcing is the practice of sourcing goods and services exclusively from local suppliers.
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Global sourcing typically limits access to specialized expertise in different regions.
Global sourcing typically limits access to specialized expertise in different regions.
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Incorporating sustainable practices and ethical sourcing only enhances brand reputation without any impact on environmental or social outcomes.
Incorporating sustainable practices and ethical sourcing only enhances brand reputation without any impact on environmental or social outcomes.
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Study Notes
Global Entrepreneurship
- Global entrepreneurship has the potential to drive innovation and economic growth worldwide.
- It often identifies opportunities in international markets that are not yet fully addressed.
Research and Development
- Edison's approach to R&D involved systematic efforts.
- Inventions are considered intellectual property.
- Allocating resources for R&D involves more than just budget considerations.
- Research and development facilities require state-of-the-art equipment and tools.
Innovation
- Process innovation can occur in any aspect of a company's operations, including how customer orders are handled.
- Open innovation involves leveraging the contributions of people or companies outside the corporate entity.
Global Sourcing
- Global sourcing is the practice of sourcing goods and services from suppliers around the world to optimize supply chain efficiency.
- One of the benefits of global sourcing is reduced production costs due to leveraging cost advantages in different regions.
- Cultural differences and logistical complexities are challenges associated with global sourcing.
- Supplier diversification and risk mitigation are key strategies for effective global sourcing.
- Global sourcing provides access to specialized expertise in different regions.
Supply Chain Management
- Efficient inventory management and logistics optimization are crucial for supply chain optimization.
- Technology integration, such as the use of automation, AI, and IoT, can optimize production processes and improve real-time decision-making in supply chain management.
- Incorporating sustainable practices and ethical sourcing has a positive impact on both brand reputation and environmental or social outcomes.
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Description
This quiz covers topics related to entrepreneurship, innovation, and intellectual property. It explores the potential of global entrepreneurship, R&D approaches, and the importance of intellectual property protection.
