SOLVED: What does this say about the future of supply chain management? -What are the advantages and disadvantages of each?
After watching the What is Supply Chain Management? and NFTs and Beeple videos, in an essay, compare and contrast the vastly different supply chain processes of a bottle of water and a non-fungible token. Make sure to address the following questions:
-What does this say about the future of supply chain management?
-What are the advantages and disadvantages of each?
-Does removing intermediaries from the supply chain ultimately help or hurt businesses?
-How can small business owners and entrepreneurs leverage the recent ecommerce boom?
Essay responses should make connections to the course learning materials and be about a page in length, comprising multiple paragraphs, and be professional in nature with proper spelling, punctuation, grammar, etc. Submissions should be typed directly into Canvas, no file uploads or links to files will be accepted.
Exercise 1: Ten Ways to Pivot
Pivoting is a crucial and often difficult change done to test a hypothesis regarding the basic product, its growth potential, and business model. Read this article from Forbes.com to see more examples of the kinds of pivots entrepreneurs can make: https://www.forbes.com/sites/martinzwilling/2011/09/16/top-10-ways-entrepreneurs-pivot-a-lean-startup/#3286d2422d2b
-Which one(s) would be best for the new business idea you chose for the final project in this class back in week 1? Why?
-What product features would you have in place to ensure future growth without investing too much?
Exercise 2: One Way to Exit
Despite the title of this exercise (One Way to Exit), there are many ways that a business owner can exit (from an acquisition to an IPO), but they have to choose just one in the end. From the Looking Ahead: Exiting Your Business video, which exit strategy is the most appealing to you for the new business idea you chose for the final project in this class back in week 1? Why?
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