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

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Unit 7 Essay

Unit 7 Essay

Q 1. Put together an analysis of the major elements of entrepreneurial venturing and sustainability innovation applied to Project Frog. 2. In teams, identify a differentiated and innovative company and interview senior management about their market and how they overcame challenges to convince early customers to accept their product or service.

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This week, discuss the effective techniques companies use during production. Key strategies used in production planning and control; the follow-up strategy is the production level, presentation to stock, and assembly in order. Monitoring strategy (adaptation of production demand) - Monitoring strategy is monitoring need defined by the market. Production is adjusted to meet demand and no longer moves products. This is categorized as a lean production strategy as it helps keep costs down until a request or order is placed. As part of this strategy, the inventory cost is low, and the cost of goods for products sold is kept as low as possible and timelier.