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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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M7d my Strategy

M7d my Strategy

Q The mySTRATEGY commentary examines the relationship between career preparation and the entrepreneurial path. For this discussion we are going to explore this. Here is what I would like you to: • Read and review Chapter 7 of the Rothaermel text paying special attention to the Chapter Case (p. 259), along with the M7 Content Guide. • First, create a post that shares a startup idea you either have developed or would like to explore and explain how you would apply the strategic management principles presented up to this point in the course to enhancing your startup’s chances to gain and sustain a competitive advantage. • Next, in your responses to fellow classmates work to refine strategic management principles and determine, based on type of startup, which strategies would be most important for competitive advantage.

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I would like to start a new business of retail products being provided to customers without the presence of any employee in my retail store. My business will be a sole proprietorship and I will be the only individual present in my store. There will be everything automated in my store. The entrance door of my store will be automated with sensor-enabled technology to detect whether there is an individual wanting to enter into my store or not. There will be complete automated scanning of the entire body of every customer along with belongings to find out any suspicious activity desired to be carried out by any customer or not. After the completion of the scanning process, there will be automated spraying of body sanitizer on every customer’s body.