Scribd Logo
Upload

Welcome to Scribd!

  • How To Answer A Short Answer Question - Powwerpoint PR 2

    Uploaded by

    Yousef Rawani
    5 views10 pages
    The video discusses how to answer a short answer question about how entrepreneurs use Ansoff's Model to identify new business opportunities. It recommends defining Ansoff's Model, describing each part of the model, discussing advantages and disadvantages, using a real-life example, and closing by reiterating the importance of understanding the model. The key aspects of Ansoff's Model are its matrix format that identifies four growth strategies - market penetration, product development, market development, and diversification - based on new vs. existing products and markets.

    Original Description:

    Original Title

    How to Answer a Short Answer Question - Powwerpoint PR 2

    Copyright

    © © All Rights Reserved

    Available Formats

    PPTX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The video discusses how to answer a short answer question about how entrepreneurs use Ansoff's Model to identify new business opportunities. It recommends defining Ansoff's Model, describing each part of the model, discussing advantages and disadvantages, using a real-life example, and closing by reiterating the importance of understanding the model. The key aspects of Ansoff's Model are its matrix format that identifies four growth strategies - market penetration, product development, market development, and diversification - based on new vs. existing products and markets.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    5 views10 pages

    How To Answer A Short Answer Question - Powwerpoint PR 2

    Uploaded by

    Yousef Rawani
    The video discusses how to answer a short answer question about how entrepreneurs use Ansoff's Model to identify new business opportunities. It recommends defining Ansoff's Model, describing each part of the model, discussing advantages and disadvantages, using a real-life example, and closing by reiterating the importance of understanding the model. The key aspects of Ansoff's Model are its matrix format that identifies four growth strategies - market penetration, product development, market development, and diversification - based on new vs. existing products and markets.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 10

    https://www.youtube.com/watch?

    v=PJY6tk2aCHM
    Writing a short answer question

    How do entrepreneurs use Ansoffs Model to identify new business


    opportunities? (10 marks)

    I expect: 100 words minimum – 8 to 10 sentences


    How can I answer this question?
    How can I answer this question?

     Define what Ansoffs Model is.


    How can I answer this question?

     Define what Ansoffs Model is.


     Why is it important for us to understand Ansoffs Model?
    How can I answer this question?

     Define what Ansoffs Model is.


     Why is it important for us to understand Ansoffs Model?
     Describe each part of the model
    How can I answer this question?

     Define what Ansoffs Model is.


     Why is it important for us to understand Ansoffs Model?
     Describe each part of the model
     Are there any advantages/disadvantages you can talk about?
    How can I answer this question?

     Define what Ansoffs Model is.


     Why is it important for us to understand Ansoffs Model?
     Describe each part of the model
     Are there any advantages/disadvantages you can talk about?
     Can you use a real life example?
    How can I answer this question?

     Define what Ansoffs Model is.


     Why is it important for us to understand Ansoffs Model?
     Describe each part of the model
     Are there any advantages/disadvantages you can talk about?
     Can you use a real life example?
     Close by telling me again why Ansoffs Model is important.
    Sample answer
    Ansoffs Model is used to identify and develop growth strategies. This can be
    very helpful for entrepreneurs as they look at products and services to launch in
    the market place.

    The model uses a matrix format that identifies four types of growth strategies –
    (1) market penetration, (2) product development, (3) market development, and
    (4) diversification. It identifies whether we are discussing a new product or
    service, or an existing product or service. It also identifies whether the product
    or service is being launched in an existing market or a new market.

    Using Ansoffs Model could help us identify challenges we may face as well as
    opportunities that may exist to increase the revenues of the business. Below is
    a diagram of Ansoffs Model.

    You might also like