p.30
Global Business Strategies and Market Entry
What makes Hong Kong a unique platform for business growth?
Its strategic location, pro-business environment, and robust infrastructure.
p.33
Global Business Strategies and Market Entry
Why is Hong Kong considered a vital hub in global supply chains?
It offers efficient logistics and infrastructure, supporting businesses in sourcing and distributing goods.
p.37
Global Business Strategies and Market Entry
Why do global businesses need to adapt their strategies?
To meet the specific needs and preferences of local markets.
p.22
Differentiation Strategies through Innovation
What role does AI play in decision-making?
AI analyzes vast datasets to provide data-driven insights and improve decision quality.
p.24
Emerging Technologies and Their Impact on Innovation
What role do IoT sensors play in urban applications?
They collect data for traffic management, pollution monitoring, and resource optimization, improving city efficiency.
p.13
Ethical Considerations in Emerging Technologies
What is a key ethical consideration in innovation related to personal information?
Balancing technological advancement with protection of personal information.
p.8
Emerging Technologies and Their Impact on Innovation
How is Microsoft pioneering information access?
By developing new ways of accessing and processing information through AI.
p.49
Emerging Technologies and Their Impact on Innovation
How has technology enhanced communication in global markets?
Real-time communication tools allow businesses to connect seamlessly, fostering collaboration and knowledge sharing.
p.47
Global Business Strategies and Market Entry
How does interconnectedness affect production costs?
It allows for economies of scale, leading to lower production costs.
p.5
Sustainability and Continuous Improvement in Business
How can companies ensure long-term relevance in the market?
By embracing cutting-edge technologies to adapt to evolving market demands.
p.53
Global Business Strategies and Market Entry
What characterizes global markets according to the text?
They are dynamic and unpredictable, with constant shifts in economic and political landscapes.
p.9
Challenges in Maintaining Innovation
What challenge arises from the rapid evolution of technology?
Difficulty in keeping pace with fast-evolving technologies.
p.19
Sustainability and Continuous Improvement in Business
What technology removes impurities from wastewater to improve water quality?
Membrane filtration and reverse osmosis.
p.21
Differentiation Strategies through Innovation
What is biotechnology?
The use of living organisms and their components for various purposes, such as pharmaceuticals and agriculture.
p.13
Ethical Considerations in Emerging Technologies
What should be considered regarding the ecological consequences of new technologies?
The environmental impact of new technologies and products.
p.18
Sustainability and Continuous Improvement in Business
What technology optimizes resource use in agriculture?
Precision Agriculture using sensors and data analytics.
p.51
Emerging Technologies and Their Impact on Innovation
How are digital technologies impacting businesses?
By automating tasks, improving efficiency, and creating new opportunities.
p.56
Global Business Strategies and Market Entry
What should you prepare to pitch your business idea to venture capitalists?
A detailed business proposal and an engaging PowerPoint presentation.
p.15
Emerging Technologies and Their Impact on Innovation
What is the focus of Materials Science?
Developing advanced materials for various applications.
p.44
Cultural Adaptation in Global Markets
What type of collaboration has globalization encouraged?
Cross-cultural collaboration.
p.13
Ethical Considerations in Emerging Technologies
What does AI ethics focus on?
Ensuring fairness and transparency in artificial intelligence systems.
p.14
Emerging Technologies and Their Impact on Innovation
How do emerging technologies impact innovation?
They create new opportunities and transform existing processes.
p.41
Global Business Strategies and Market Entry
What role do global partnerships play in innovation?
They drive breakthroughs, exemplified by Hong Kong's advancements in biotechnology.
p.27
Differentiation Strategies through Innovation
What are some enhanced properties of materials created through nanotechnology?
Increased strength, conductivity, and durability.
p.49
Global Business Strategies and Market Entry
What role do online marketplaces play in global commerce?
They facilitate cross-border transactions, expanding access to goods and services globally.
p.41
Differentiation Strategies through Innovation
What is the benefit of cross-industry collaboration?
It explores new market opportunities and leads to innovative solutions and expanded market reach.
p.29
Global Business Strategies and Market Entry
What is the primary focus of Global Business and Innovation 103?
The course explores the intersection of global business practices and innovative strategies.
p.55
Global Business Strategies and Market Entry
What will the presentation help set your startup apart from?
The competitive world of global business.
p.14
Role of Innovation in Competitive Advantage
Why is it important for businesses to stay updated with emerging technologies?
To remain competitive and meet changing consumer demands.
p.22
Differentiation Strategies through Innovation
How does AI create personalized experiences for consumers?
By tailoring services and products to individual needs.
p.59
Differentiation Strategies through Innovation
What is important for maintaining consistency in a presentation?
Use consistent colors, fonts, and layout throughout the presentation.
p.37
Differentiation Strategies through Innovation
How can consumer insights impact global business strategies?
They can inform product development and marketing strategies.
p.34
Emerging Technologies and Their Impact on Innovation
What opportunities does Hong Kong's biotech sector offer?
Breakthroughs in medical advancements and pharmaceutical innovation.
p.52
Global Business Strategies and Market Entry
What is market diversification?
The process of expanding into new markets to access a wider customer base and reduce reliance on a single market.
p.41
Role of Innovation in Competitive Advantage
Why do companies invest heavily in R&D?
To stay ahead and foster a culture of continuous innovation and creativity.
p.40
Emerging Technologies and Their Impact on Innovation
How does blockchain technology impact supply chains?
It enhances transparency and security, reduces fraud risks, and improves traceability of goods.
p.46
Global Business Strategies and Market Entry
What do cross-border partnerships allow companies to do?
Leverage complementary expertise and expand into new markets.
p.46
Global Business Strategies and Market Entry
What role do global forums and events play in professional collaboration?
They facilitate knowledge exchange, networking, and collaboration among professionals from diverse backgrounds.
p.51
Emerging Technologies and Their Impact on Innovation
What technologies are businesses increasingly adopting for automation?
AI, machine learning, and robotics.
p.40
Emerging Technologies and Their Impact on Innovation
How is artificial intelligence used in supply chain management?
For predictive analytics, optimizing inventory, and accurately forecasting demand.
p.35
Role of Innovation in Competitive Advantage
How is innovation impacting global business models?
It enables companies to adapt to changing market dynamics, leverage new technologies, and create value for customers.
p.49
Cultural Adaptation in Global Markets
How do virtual communication platforms impact global collaboration?
They empower teams to work together remotely, bridging geographical distances and cultural differences.
p.20
Sustainability and Continuous Improvement in Business
What practices are involved in waste reduction?
Adopting reuse, repair, and recycling practices.
p.56
Global Business Strategies and Market Entry
How long should the presentation be when pitching your global business idea?
A compelling 10-minute presentation followed by a 5-minute Q&A session.
p.32
Global Business Strategies and Market Entry
What advantage does foreign direct investment offer in Hong Kong?
It allows businesses to establish a physical presence and build long-term relationships with customers, suppliers, and government.
p.14
Role of Innovation in Competitive Advantage
What is the primary role of technology in innovation?
To drive and facilitate new ideas and improvements.
p.27
Emerging Technologies and Their Impact on Innovation
What does nanotechnology involve?
Manipulating materials at the atomic and molecular level.
p.42
Challenges in Maintaining Innovation
Why is understanding varied legal frameworks important for global innovation?
It is crucial for ensuring regulatory compliance.
p.64
Role of Innovation in Competitive Advantage
What is the primary focus of getting technical inspirations?
To derive innovative ideas and solutions from existing technologies and practices.
p.18
Sustainability and Continuous Improvement in Business
What is a benefit of vertical farming?
It allows for year-round production and minimizes land use.
p.66
Challenges in Maintaining Innovation
What trait is crucial for success in the global business arena?
Resilience and the ability to adapt to challenges.
p.53
Global Business Strategies and Market Entry
What must businesses do to navigate uncertainties in global markets?
Anticipate and adapt to uncertainties, developing robust strategies to mitigate risks and seize opportunities.
p.51
Sustainability and Continuous Improvement in Business
What factors are businesses focusing on in relation to sustainable development?
Environmental, social, and governance (ESG) factors.
p.15
Role of Innovation in Competitive Advantage
What role does technology play in global innovation?
It drives innovation across various sectors.
p.34
Government's Role in Fostering Innovation
How does the Hong Kong government support innovation?
Through initiatives and funding programs.
p.52
Global Business Strategies and Market Entry
How can companies achieve cost optimization in interconnected markets?
By leveraging global supply chains, accessing lower labor costs, and benefiting from economies of scale.
p.51
Global Business Strategies and Market Entry
What is a significant trend in the global economy regarding emerging markets?
They are experiencing rapid growth.
p.10
Differentiation Strategies through Innovation
What is the purpose of Innovation Labs?
To provide a controlled environment for experimentation with new technologies and ideas.
p.28
Government's Role in Fostering Innovation
What should governance of emerging technologies involve?
Stakeholder engagement, data protection, and robust oversight mechanisms.
p.2
Differentiation Strategies through Innovation
What are the main focuses of innovation for competitive advantage?
Differentiation, sustainability, and leadership.
p.44
Global Business Strategies and Market Entry
What has globalization fostered between nations, companies, and individuals?
An intricate web of relationships, blurring geographic boundaries.
p.56
Global Business Strategies and Market Entry
What type of analysis is essential for supporting your business model?
Comprehensive market analysis, competitor research, and financial projections.
p.7
Role of Innovation in Competitive Advantage
How do pioneering products and services affect consumer expectations?
They shape consumer expectations.
p.14
Emerging Technologies and Their Impact on Innovation
What is a key benefit of adopting emerging technologies?
Increased efficiency and competitive advantage.
p.46
Role of Innovation in Competitive Advantage
How do joint research endeavors across borders benefit society?
They foster innovation and scientific breakthroughs, benefiting humanity as a whole.
p.27
Sustainability and Continuous Improvement in Business
What sustainable applications are being explored for nanomaterials?
More efficient solar cells, energy storage devices, and water purification technologies.
p.39
Cultural Adaptation in Global Markets
What is the importance of localization in market entry strategies?
Localization involves tailoring products to meet regional preferences and adapting to local regulations and cultural nuances.
p.44
Cultural Adaptation in Global Markets
What does cross-cultural collaboration drive?
Advancements in various fields.
p.65
Role of Innovation in Competitive Advantage
What is the total number of participants in CityUHK's flagship innovation and entrepreneurship program?
2,814 (1,730 + 690 + 140 + 180 + 14).
p.20
Sustainability and Continuous Improvement in Business
What technologies can recover valuable resources from waste?
Anaerobic digestion and advanced recycling.
p.10
Differentiation Strategies through Innovation
What are Startup Partnerships?
Engaging with agile startups to access cutting-edge innovations and stay ahead of the curve.
p.17
Sustainability and Continuous Improvement in Business
What is a key benefit of hydrogen fuel cells?
They emit water instead of carbon dioxide.
p.50
Global Business Strategies and Market Entry
What is a key characteristic of open-source software development?
It involves contributions from developers worldwide, fostering innovation and collaboration.
p.61
Global Business Strategies and Market Entry
Which criterion has the highest weight in the evaluation criteria?
Innovation and Creativity (30%).
p.16
Sustainability and Continuous Improvement in Business
How can improving water management impact other SDGs?
It can positively impact food security, human health, and environmental protection.
p.47
Global Business Strategies and Market Entry
How does increased trade contribute to job creation?
It creates new job opportunities, benefiting various sectors.
p.31
Differentiation Strategies through Innovation
What advantage do unique products or services provide to businesses?
They help differentiate businesses from competitors and gain a significant edge.
p.15
Emerging Technologies and Their Impact on Innovation
How is AI transforming industries?
By revolutionizing healthcare and finance.
p.66
Global Business Strategies and Market Entry
How should you balance your vision for global expansion?
By combining ambition with a pragmatic, step-by-step growth plan.
p.56
Global Business Strategies and Market Entry
What skills should be showcased during the presentation?
Your global business acumen.
p.30
Role of Innovation in Competitive Advantage
Why is Hong Kong considered a dynamic global hub?
Due to its unique platform for growth and innovation.
p.12
Government's Role in Fostering Innovation
How do tax incentives encourage corporate investment in R&D?
By offering tax breaks and making it financially attractive to invest.
p.38
Global Business Strategies and Market Entry
Why is continuous innovation important for global businesses?
To stay relevant and competitive in diverse and rapidly changing markets.
p.29
Cultural Adaptation in Global Markets
Why is understanding cultural adaptation important in global business?
It helps businesses tailor their strategies to meet local consumer needs and preferences.
p.48
Global Business Strategies and Market Entry
How do protectionist policies affect international trade?
They create barriers to trade and hinder global integration.
p.45
Global Business Strategies and Market Entry
What is the primary function of international trade?
To facilitate the exchange of goods, services, and capital across borders.
p.1
Historical Examples of Successful Entrepreneurship
What is a key factor in the success of entrepreneurial ventures?
The ability to innovate and adapt to changing market conditions.
p.12
Government's Role in Fostering Innovation
What can overregulation lead to in terms of innovation?
It can stifle innovation and limit disruptive ideas.
p.34
Global Business Strategies and Market Entry
What makes Hong Kong a ripe location for logistics innovation?
Its status as a global logistics center.
p.9
Challenges in Maintaining Innovation
What is a significant challenge in maintaining innovation related to financial resources?
High costs due to significant investment required for R&D and implementation.
p.56
Global Business Strategies and Market Entry
What is the first step in developing a global business startup?
Conceptualize your innovative global business idea by identifying market gaps and unmet needs.
p.7
Differentiation Strategies through Innovation
What do innovative companies often define for their sectors?
Benchmarks or industry standards.
p.55
Global Business Strategies and Market Entry
What essential components are covered in the startup pitch presentation?
Crafting a robust business proposal and delivering an engaging PowerPoint presentation.
p.21
Emerging Technologies and Their Impact on Innovation
What does genetic engineering enable?
Precise manipulation of genetic material.
p.17
Sustainability and Continuous Improvement in Business
How could hydrogen fuel cells impact traditional energy sources?
They could replace gas and oil in some sectors.
p.16
Sustainability and Continuous Improvement in Business
What is the relationship between the 17 Sustainable Development Goals (SDGs)?
They are interconnected, and addressing one can contribute to the progress of others.
p.59
Differentiation Strategies through Innovation
What is the first step in creating an engaging PowerPoint presentation?
Design your slides with a clean, professional aesthetic that aligns with your brand.
p.20
Sustainability and Continuous Improvement in Business
What is the primary goal of waste reduction?
Minimizing waste generation.
p.32
Global Business Strategies and Market Entry
What is a joint venture?
A partnership with local companies that provides access to knowledge, expertise, and networks.
p.33
Global Business Strategies and Market Entry
How does Hong Kong's supply chain network help businesses adapt to changes?
It allows businesses to adapt quickly to changes in demand and source products from diverse global suppliers.
p.58
Global Business Strategies and Market Entry
How should market entry strategies align with business objectives?
They should align with overall business objectives and resource capabilities.
p.6
Emerging Technologies and Their Impact on Innovation
What has i2Cool done with groundbreaking research?
Turned it into commercial applications that revolutionize energy efficiency.
p.36
Global Business Strategies and Market Entry
What strategic advantage does Hong Kong offer for global expansion?
Its strategic location provides access to the Chinese mainland, Southeast Asia, and other major markets.
p.37
Cultural Adaptation in Global Markets
What does localization involve for global businesses?
Adapting products, marketing materials, and communication to local languages and preferences.
p.59
Emerging Technologies and Their Impact on Innovation
What should visuals in a presentation do?
Each visual should add value and support your narrative.
p.38
Cultural Adaptation in Global Markets
What is a potential challenge of implementing innovation in global strategies?
Cultural differences may affect the acceptance and effectiveness of innovative solutions.
p.57
Global Business Strategies and Market Entry
What is the purpose of the Executive Summary?
To capture the essence of the global business idea and entice investors to read further.
p.2
Role of Innovation in Competitive Advantage
What is the key role of innovation in business?
Gaining market advantage.
p.8
Emerging Technologies and Their Impact on Innovation
What advancements has Microsoft made in AI?
Particularly in language models and content generation.
p.48
Challenges in Maintaining Innovation
What can political instability disrupt in global markets?
Trade flows and create uncertainty for businesses.
p.47
Global Business Strategies and Market Entry
What is one major benefit of interconnected global markets?
Increased trade provides access to new markets, goods, and services, boosting economies.
p.55
Global Business Strategies and Market Entry
What is the main goal of the presentation on crafting a global business startup pitch?
To help transform innovative ideas into a persuasive narrative that captivates investors.
p.6
Differentiation Strategies through Innovation
What innovative products does i2Cool Limited offer?
Passive radiative cooling paints and films.
p.3
Differentiation Strategies through Innovation
What are unique product features in the context of differentiation through innovation?
Innovative designs and functionalities that stand out in the market.
p.42
Challenges in Maintaining Innovation
What is a major challenge in implementing global innovation strategies?
Navigating complex international regulations.
p.4
Differentiation Strategies through Innovation
How has Tesla differentiated itself in the electric vehicle market?
By introducing long-range, high-performance cars that offer a compelling alternative to gasoline-powered vehicles.
p.40
Emerging Technologies and Their Impact on Innovation
What role does the Internet of Things (IoT) play in supply chain management?
It enables real-time monitoring of goods in transit, improving logistics efficiency and reducing operational costs.
p.31
Global Business Strategies and Market Entry
Why is innovation crucial for companies in the global market?
It drives competitiveness, helps businesses adapt to changing customer needs, and unlocks new revenue streams.
p.15
Emerging Technologies and Their Impact on Innovation
What does IoT stand for and what is its primary function?
Internet of Things; it connects devices for smarter environments.
p.22
Role of Innovation in Competitive Advantage
How does AI increase efficiency in industries?
By automating tasks, boosting productivity in sectors like manufacturing and healthcare.
p.3
Differentiation Strategies through Innovation
How does innovation impact brand recognition?
Innovation-driven brands often gain stronger market presence.
p.10
Differentiation Strategies through Innovation
What is Open Innovation?
Inviting external partners, such as universities and research institutions, to contribute ideas and collaborate on projects.
p.44
Global Business Strategies and Market Entry
How has the flow of goods and services changed due to globalization?
It has become more seamless, facilitating economic growth and innovation.
p.39
Global Business Strategies and Market Entry
How do Hong Kong startups utilize AI in market entry?
They use AI to optimize global e-commerce strategies, reducing entry barriers and facilitating expansion into new markets.
p.66
Global Business Strategies and Market Entry
What should you let shine through in your presentation for a global business idea?
Your enthusiasm and passion.
p.47
Emerging Technologies and Their Impact on Innovation
What role does collaboration with global partners play in innovation?
It leads to shared knowledge, technological advancements, and new ideas.
p.32
Global Business Strategies and Market Entry
What are some market entry strategies for global businesses in Hong Kong?
Joint ventures, foreign direct investment, and setting up regional headquarters.
p.31
Sustainability and Continuous Improvement in Business
How does innovation contribute to increased efficiency?
It leads to process improvements, reducing costs and increasing efficiency.
p.58
Global Business Strategies and Market Entry
What are some market entry strategies for international markets?
Licensing, franchising, joint ventures, and wholly-owned subsidiaries.
p.27
Role of Innovation in Competitive Advantage
In which fields is nanotechnology driving innovation?
Medicine, electronics, and manufacturing.
p.35
Emerging Technologies and Their Impact on Innovation
What role does digital transformation play in businesses?
It enhances operations, automates processes, and creates personalized customer experiences.
p.24
Emerging Technologies and Their Impact on Innovation
How do sensors contribute to precision agriculture?
They monitor soil moisture, temperature, and nutrient levels, enabling farmers to optimize irrigation, fertilization, and pest control.
p.19
Sustainability and Continuous Improvement in Business
What is the purpose of smart water metering?
To monitor water usage in real-time and identify leaks.
p.1
Role of Innovation in Competitive Advantage
What is innovation's role in competitive advantage?
Innovation helps businesses differentiate themselves and create unique value propositions.
p.28
Government's Role in Fostering Innovation
Who should collaborate to develop frameworks for emerging technologies?
Governments, industry, and civil society.
p.54
Global Business Strategies and Market Entry
What is an important aspect of preparing for a Q&A session after a presentation?
Anticipating potential questions and preparing clear, concise answers.
p.66
Challenges in Maintaining Innovation
What should you prepare for when presenting your business idea?
Challenging questions and potential setbacks.
p.4
Case Study: Tesla's Innovations in Electric Vehicles
What effect has Tesla's innovation had on other automakers?
It has inspired them to accelerate their own electric vehicle development efforts.
p.28
Ethical Considerations in Emerging Technologies
What dual potential do emerging technologies have?
They can be used for both good and bad.
p.1
Role of Innovation in Competitive Advantage
What impact does innovation have on customer loyalty?
Innovative products can enhance customer satisfaction and loyalty.
p.34
Sustainability and Continuous Improvement in Business
What commitment does Hong Kong have regarding sustainable technologies?
To create opportunities for developing and implementing green solutions.
p.34
Sustainability and Continuous Improvement in Business
In what areas can businesses in Hong Kong innovate for sustainability?
Energy, transportation, and waste management.
p.21
Differentiation Strategies through Innovation
What are some applications of genetic engineering in agriculture?
Development of crops with enhanced traits and disease-resistant organisms.
p.10
Differentiation Strategies through Innovation
How does Open Innovation help companies?
It brings fresh perspectives and access to specialized knowledge, overcoming internal biases.
p.6
Sustainability and Continuous Improvement in Business
What is the impact of i2Cool's presence across various industries?
Creating greener communities and advancing global sustainability.
p.4
Emerging Technologies and Their Impact on Innovation
What is Tesla's Autopilot system known for?
Being a leading example of advanced driver assistance technology.
p.29
Role of Innovation in Competitive Advantage
How does innovation impact global business?
Innovation drives competitive advantage and helps businesses adapt to changing markets.
p.38
Global Business Strategies and Market Entry
How does innovation impact global business strategies?
Innovation allows companies to adapt to changing market demands and create competitive advantages.
p.18
Sustainability and Continuous Improvement in Business
How does biotechnology enhance food production?
By improving crop resilience to pests and diseases and increasing yields.
p.54
Global Business Strategies and Market Entry
What are key elements to include in a team presentation?
Clear objectives, structured content, engaging visuals, and a strong conclusion.
p.59
Emerging Technologies and Their Impact on Innovation
How can complex data be effectively presented?
Transform it into easily digestible visuals like graphs, charts, and diagrams.
p.50
Global Business Strategies and Market Entry
What is a significant aspect of AI research?
It is a collaborative field with global institutions and companies working together.
p.23
Emerging Technologies and Their Impact on Innovation
What potential does quantum computing have in artificial intelligence?
It has the potential to revolutionize machine learning and artificial intelligence, unlocking new possibilities.
p.60
Differentiation Strategies through Innovation
How can body language enhance your presentation?
By maintaining eye contact, using confident gestures, and projecting enthusiasm.
p.64
Global Business Strategies and Market Entry
Why is it important to stay updated with technical inspirations?
To remain competitive and adapt to changing market demands.
p.20
Sustainability and Continuous Improvement in Business
What do circular economy models aim to create?
Closed-loop systems for materials.
p.57
Global Business Strategies and Market Entry
What should the Executive Summary of a business proposal include?
A concise overview of the startup, including mission, vision, and key objectives.
p.43
Global Business Strategies and Market Entry
How does interconnectedness affect businesses?
It allows businesses to access new markets, resources, and customers, but also exposes them to global competition and risks.
p.62
Global Business Strategies and Market Entry
What is required from all groups during the Q&A session?
Each group must ask at least one question.
p.26
Emerging Technologies and Their Impact on Innovation
What are the benefits of 3D printing?
Reduced waste, increased design flexibility, and the ability to create complex geometries.
p.63
Cultural Adaptation in Global Markets
How can businesses demonstrate readiness to operate on a global scale?
By highlighting experiences or strategies that show their capability.
p.17
Emerging Technologies and Their Impact on Innovation
What process does artificial photosynthesis mimic?
How plants convert sunlight into food.
p.23
Emerging Technologies and Their Impact on Innovation
How do quantum computers impact drug discovery?
They can simulate molecular interactions, accelerating the development of new drugs and therapies.
p.33
Global Business Strategies and Market Entry
What advantages does Hong Kong's supply chain network provide to businesses?
Flexibility, ease of access, and cost-effectiveness.
p.17
Sustainability and Continuous Improvement in Business
What is the main advantage of micronuclear power?
It reduces cost and environmental impact.
p.28
Ethical Considerations in Emerging Technologies
What are the ethical concerns associated with emerging technologies?
Privacy, fairness, accountability, and transparency.
p.16
Emerging Technologies and Their Impact on Innovation
What role do emerging technologies play in achieving the SDGs?
They provide innovative solutions to address global challenges.
p.23
Emerging Technologies and Their Impact on Innovation
What role does quantum computing play in materials science?
It enables the design and creation of novel materials with enhanced properties and functionalities.
p.42
Cultural Adaptation in Global Markets
What does adapting innovations to local preferences require?
Deep cultural understanding.
p.53
Global Business Strategies and Market Entry
Why is understanding interconnectedness important for businesses?
It helps navigate complex environments and potential disruptions.
p.29
Global Business Strategies and Market Entry
What are some challenges faced by businesses in global markets?
Cultural differences, regulatory environments, and market entry strategies.
p.65
Differentiation Strategies through Innovation
What type of support did mentors provide in the CityUHK program?
Supported the HK Tech 300 teams.
p.23
Ethical Considerations in Emerging Technologies
How does quantum computing affect cryptography?
Quantum computers can break current encryption methods, necessitating the development of new, more secure cryptographic techniques.
p.48
Cultural Adaptation in Global Markets
What challenges do cultural differences present for organizations expanding globally?
Bridging cultural gaps and navigating different business practices.
p.18
Sustainability and Continuous Improvement in Business
What contributes to a more sustainable food system?
Promoting local food production, reducing food waste, and shifting towards plant-based diets.
p.25
Emerging Technologies and Their Impact on Innovation
What benefits do decentralized systems provide?
Fosters transparency and trust, enabling secure data sharing.
p.43
Global Business Strategies and Market Entry
What does the term 'interconnectedness of global markets' refer to?
The way in which different national economies are linked through trade, investment, and financial systems.
p.11
Emerging Technologies and Their Impact on Innovation
What types of applications are developed using mobile technology in emerging markets?
Mobile banking, e-commerce platforms, healthcare applications, and educational tools.
p.57
Global Business Strategies and Market Entry
What is a key feature of a scalable business model?
The ability to expand across different international markets.
p.4
Differentiation Strategies through Innovation
What technology has Tesla focused on to enhance driving range and performance?
Cutting-edge battery technology and aerodynamic design.
p.3
Differentiation Strategies through Innovation
What effect can innovative products and services have on customer loyalty?
They can foster long-term customer relationships.
p.50
Global Business Strategies and Market Entry
Which platforms are examples of cloud computing providers?
Amazon Web Services, Google Cloud, and Microsoft Azure.
p.61
Global Business Strategies and Market Entry
What does the 'Feasibility' criterion assess?
Realistic projections and operational viability.
p.49
Sustainability and Continuous Improvement in Business
What is the effect of automated logistics systems on supply chains?
They optimize supply chains, improving efficiency and reducing costs for businesses operating across borders.
p.15
Emerging Technologies and Their Impact on Innovation
What is the primary purpose of Blockchain technology?
To ensure secure transactions.
p.5
Sustainability and Continuous Improvement in Business
What does reducing carbon footprints and minimizing waste contribute to?
Promoting resource efficiency.
p.31
Global Business Strategies and Market Entry
How can innovation facilitate market expansion?
It can open doors to new markets and customer segments.
p.51
Global Business Strategies and Market Entry
What is affecting the global landscape and interconnected markets?
Trade agreements, geopolitical tensions, and technological advancements.
p.11
Differentiation Strategies through Innovation
What is frugal innovation?
Developing cost-effective solutions that address the specific challenges of emerging markets, emphasizing functionality over extravagance.
p.53
Global Business Strategies and Market Entry
What is crucial for businesses in dynamic global markets?
Developing strategies to mitigate risks and seize opportunities.
p.64
Emerging Technologies and Their Impact on Innovation
What is a common source of technical inspiration?
Emerging technologies and trends in various industries.
p.59
Differentiation Strategies through Innovation
What storytelling techniques can enhance a presentation?
Incorporate anecdotes, case studies, or scenarios to illustrate the problem your business solves.
p.38
Differentiation Strategies through Innovation
How can innovation lead to differentiation in global markets?
By creating unique products or services that meet specific customer needs, setting a company apart from competitors.
p.63
Global Business Strategies and Market Entry
What is important for building strategic partnerships?
Highlighting the ability to forge strong international partnerships.
p.11
Emerging Technologies and Their Impact on Innovation
How does mobile technology contribute to innovation in emerging markets?
By leveraging the widespread adoption of mobile phones to create services like mobile banking and e-commerce.
p.10
Differentiation Strategies through Innovation
How do Innovation Labs foster a culture of experimentation?
They encourage employees to explore new possibilities without fear of failure.
p.20
Emerging Technologies and Their Impact on Innovation
How do smart waste management systems enhance efficiency?
By using sensors and data analytics to optimize waste collection routes.
p.10
Differentiation Strategies through Innovation
What type of work do Innovation Labs facilitate?
Collaboration and cross-functional work, leading to the development of innovative solutions.
p.5
Sustainability and Continuous Improvement in Business
What are eco-friendly solutions aimed at addressing?
Growing environmental concerns through sustainable products and processes.
p.12
Government's Role in Fostering Innovation
What role do government grants play in scientific research?
They support research in high-risk areas like renewable energy and biotechnology.
p.37
Cultural Adaptation in Global Markets
What is crucial for building trust with local customers?
Understanding local customs, traditions, and values.
p.28
Government's Role in Fostering Innovation
Why is governance important in the context of emerging technologies?
To ensure responsible development and use of these technologies.
p.61
Global Business Strategies and Market Entry
What are the key focus areas under 'Innovation and Creativity'?
Unique business idea and creative solutions.
p.19
Sustainability and Continuous Improvement in Business
How does rainwater harvesting benefit households and communities?
By providing a sustainable source of water.
p.11
Differentiation Strategies through Innovation
What are the key characteristics of emerging markets that frugal innovation addresses?
Resource scarcity and limited infrastructure.
p.37
Global Business Strategies and Market Entry
Why is conducting thorough market research important?
To gather insights into local consumer preferences.
p.16
Emerging Technologies and Their Impact on Innovation
What is the transformative potential of emerging technologies?
They can transform entire sectors and contribute to achieving the SDGs.
p.59
Differentiation Strategies through Innovation
What is a key element to make a presentation memorable?
Create an emotional connection with your audience while maintaining a professional tone.
p.36
Global Business Strategies and Market Entry
What is a key feature of Hong Kong's workforce?
A diverse and highly skilled workforce with global experience and expertise.
p.58
Government's Role in Fostering Innovation
How can legal risks be mitigated while expanding globally?
By outlining a strategy for navigating the regulatory landscape.
p.43
Challenges in Maintaining Innovation
What are some challenges of interconnected global markets?
Challenges include economic volatility, regulatory differences, and geopolitical tensions.
p.59
Differentiation Strategies through Innovation
How should you structure the content of your presentation?
Organize it logically with a clear flow, starting with a compelling introduction and ending with a strong call to action.
p.21
Sustainability and Continuous Improvement in Business
How does biotechnology contribute to pharmaceuticals?
By harnessing living organisms for drug development.
p.12
Government's Role in Fostering Innovation
Which U.S. organization provides funding for a wide range of research disciplines?
The National Science Foundation (NSF).
p.60
Differentiation Strategies through Innovation
What should you focus on while rehearsing your presentation?
Timing, transitions, and key messaging.
p.50
Global Business Strategies and Market Entry
How do cloud computing providers enhance their services?
By relying on global infrastructure and partnerships.
p.27
Ethical Considerations in Emerging Technologies
What ethical considerations arise with advancements in nanotechnology?
Safety, environmental impact, and potential misuse.
p.51
Global Business Strategies and Market Entry
Which regions are considered emerging markets contributing to the global economy?
India, China, and Southeast Asia.
p.24
Emerging Technologies and Their Impact on Innovation
How does industrial automation benefit from IoT sensors?
Sensors monitor equipment performance, predict maintenance needs, and optimize production processes, increasing efficiency and reducing downtime.
p.36
Global Business Strategies and Market Entry
What type of business environment does Hong Kong offer?
A pro-business environment with low taxes, free trade policies, and a strong legal framework.
p.60
Differentiation Strategies through Innovation
How can you engage your audience during a presentation?
By interacting through rhetorical questions or brief interactive elements.
p.63
Emerging Technologies and Their Impact on Innovation
Why is leveraging data analytics important for global success?
It helps in gaining market insights, optimizing operations, and driving growth.
p.25
Emerging Technologies and Their Impact on Innovation
How is blockchain used in financial transactions?
Through cryptocurrencies.
p.57
Global Business Strategies and Market Entry
What key elements should be included in the Market Analysis?
Target market size, growth potential, customer segments, and unmet needs.
p.11
Cultural Adaptation in Global Markets
What factors are considered in local adaptation?
Cultural nuances, language barriers, and local regulations.
p.57
Global Business Strategies and Market Entry
What should be clearly articulated in the Business Model section?
The product or service, revenue streams, and unique value proposition.
p.57
Global Business Strategies and Market Entry
What financial information should be included in Financial Projections?
Startup costs, revenue projections, and break-even analysis.
p.54
Global Business Strategies and Market Entry
What is the primary purpose of team presentations?
To effectively communicate project findings and ideas to an audience.
p.51
Sustainability and Continuous Improvement in Business
What is driving the need for sustainable practices in businesses?
The interconnectedness of global markets.
p.64
Differentiation Strategies through Innovation
How can organizations benefit from technical inspirations?
By enhancing their products, services, and processes through innovative adaptations.
p.39
Global Business Strategies and Market Entry
What role do strategic partnerships play in market entry?
Collaborating with local firms leverages existing networks and provides valuable insights into market dynamics and consumer behaviors.
p.30
Global Business Strategies and Market Entry
What type of environment does Hong Kong offer for businesses?
A pro-business environment.
p.35
Data-Driven Decisions
How are companies utilizing data in their decision-making processes?
They use data analytics to gain insights into customer behavior, market trends, and operational efficiency.
p.17
Sustainability and Continuous Improvement in Business
What is the scale of power plants used in micronuclear power?
Small power plants instead of large ones.
p.4
Emerging Technologies and Their Impact on Innovation
What features does Tesla's Autopilot system provide?
Automatic lane keeping, adaptive cruise control, and semi-autonomous driving capabilities.
p.64
Challenges in Maintaining Innovation
What role does collaboration play in obtaining technical inspirations?
Collaboration fosters the exchange of ideas and knowledge, leading to greater innovation.
p.16
Emerging Technologies and Their Impact on Innovation
How can emerging technologies enhance sustainability?
By improving efficiency, reducing resource consumption, and promoting sustainable practices.
p.34
Differentiation Strategies through Innovation
What sectors in Hong Kong offer numerous opportunities for innovation?
Fintech, biotech, logistics, and sustainable technologies.
p.42
Challenges in Maintaining Innovation
What is a challenge related to operational integration in global innovation?
Seamlessly incorporating new technologies into existing strategies.
p.20
Sustainability and Continuous Improvement in Business
What can recovered resources from waste be transformed into?
Energy, fertilizer, and raw materials.
p.63
Global Business Strategies and Market Entry
What is a key strategy for standing out in the global market?
Innovate continuously and stay ahead of global trends.
p.10
Differentiation Strategies through Innovation
What benefits do companies gain from Startup Partnerships?
They learn from the entrepreneurial spirit and disruptive ideas of startups, leading to more innovative products.
p.24
Emerging Technologies and Their Impact on Innovation
What functions do IoT devices automate in smart homes?
Lighting, temperature control, and security, improving energy efficiency and comfort.
p.31
Sustainability and Continuous Improvement in Business
What role does sustainability play in innovation?
Sustainable innovations contribute to environmental responsibility and social impact.
p.25
Emerging Technologies and Their Impact on Innovation
What is eliminated by using blockchain technologies?
Reliance on central authorities for data management.
p.12
Government's Role in Fostering Innovation
What is the purpose of the U.S. R&D tax credit program?
To allow companies to deduct a portion of their research expenses from taxes.
p.63
Role of Innovation in Competitive Advantage
How can businesses demonstrate their commitment to innovation?
By showcasing adaptability in the face of changing market dynamics.
p.50
Global Business Strategies and Market Entry
What technologies are advanced through global AI collaboration?
Machine learning and natural language processing.
p.58
Cultural Adaptation in Global Markets
What aspects of the business may need adaptation for cultural nuances?
Product, marketing, and operations.
p.19
Sustainability and Continuous Improvement in Business
What is the main advantage of precision irrigation?
It reduces water waste and improves crop yields.
p.48
Global Business Strategies and Market Entry
What impact do economic disparities have on global markets?
They create imbalances and inequalities affecting trade and investment flows.
p.34
Differentiation Strategies through Innovation
Why is Hong Kong considered a leading fintech hub?
Due to its thriving ecosystem of startups and investors supporting innovative financial technologies.
p.8
Global Business Strategies and Market Entry
What position has Microsoft established in the AI market?
A leading position in the rapidly evolving field of artificial intelligence.
p.54
Global Business Strategies and Market Entry
Why is it important to engage the audience during a presentation?
To maintain interest and encourage interaction, which enhances understanding.
p.38
Global Business Strategies and Market Entry
What role does innovation play in market entry strategies?
It helps businesses identify new opportunities and develop unique offerings that cater to local markets.
p.22
Emerging Technologies and Their Impact on Innovation
What are some novel applications of AI?
Innovations in self-driving cars, drug discovery, and personalized medicine.
p.5
Sustainability and Continuous Improvement in Business
What is the focus of innovation for businesses?
Creating a future-proof business model rather than just short-term gains.
p.66
Global Business Strategies and Market Entry
How can you inspire confidence in potential investors?
By demonstrating your passion for the business idea.
p.12
Government's Role in Fostering Innovation
Why is a balanced regulatory framework important for innovation?
It fosters innovation while ensuring public safety.
p.26
Emerging Technologies and Their Impact on Innovation
How does 3D printing create objects?
By building them layer by layer from a digital design.
p.65
Global Business Strategies and Market Entry
What additional support did co-investors provide?
Additional angel fund and venture capital investment.
p.26
Emerging Technologies and Their Impact on Innovation
What are some applications of 3D printing?
Rapid prototyping, customized manufacturing, and personalized medicine.
p.33
Global Business Strategies and Market Entry
What benefit do businesses gain from Hong Kong's competitive port and logistics costs?
They provide a significant cost advantage for global businesses.
p.66
Sustainability and Continuous Improvement in Business
What is important to emphasize regarding your approach to business?
A commitment to continuous learning and improvement.
p.35
Challenges in Maintaining Innovation
What cultural shift does innovation promote in businesses?
A culture of experimentation that allows businesses to adapt quickly to changing market conditions and customer expectations.
p.60
Differentiation Strategies through Innovation
What tone should you aim for during your presentation?
A natural, conversational tone while maintaining professionalism.
p.33
Global Business Strategies and Market Entry
How does Hong Kong facilitate connections for businesses?
It allows businesses to easily connect with suppliers and distributors, streamlining operations and reducing lead times.
p.32
Global Business Strategies and Market Entry
Why is Hong Kong considered an ideal base for regional headquarters?
Due to its strategic location for managing operations and overseeing regional growth in Asia.
p.58
Cultural Adaptation in Global Markets
Why is cultural adaptation important in global strategy?
To suit local preferences and customs in target markets.
p.54
Global Business Strategies and Market Entry
How can team members ensure effective collaboration during presentations?
By assigning roles, practicing together, and providing constructive feedback.
p.16
Ethical Considerations in Emerging Technologies
What is necessary for emerging technologies to benefit everyone?
Responsible development and equitable access.
p.1
Historical Examples of Successful Entrepreneurship
Can you name a historical example of successful entrepreneurship?
One example is Thomas Edison, who innovated with the electric light bulb.
p.20
Sustainability and Continuous Improvement in Business
What principles are businesses adopting in circular economy models?
Designing products for durability, reusability, and end-of-life management.
p.1
Role of Innovation in Competitive Advantage
How does innovation contribute to a company's market position?
By enabling companies to offer new products or improve existing ones, thus attracting more customers.
p.60
Differentiation Strategies through Innovation
What is the importance of non-verbal communication in a presentation?
It should reinforce your verbal message and convey confidence.
p.36
Global Business Strategies and Market Entry
What supports global expansion and collaboration in Hong Kong?
A strong network of international businesses, financial institutions, and professionals.
p.58
Government's Role in Fostering Innovation
What should be addressed regarding regulatory compliance in target markets?
International trade laws, data protection regulations, and industry-specific compliance requirements.
p.43
Emerging Technologies and Their Impact on Innovation
What role does technology play in the interconnectedness of global markets?
Technology facilitates communication, trade, and the flow of information across borders.
p.45
Sustainability and Continuous Improvement in Business
How does competition in international trade affect prices?
It drives down costs for consumers.
p.11
Differentiation Strategies through Innovation
Why is accessibility important in frugal innovation?
It prioritizes affordability for a wider population.
p.4
Case Study: Tesla's Innovations in Electric Vehicles
How has Tesla achieved market dominance in the electric vehicle sector?
Through a relentless focus on innovation and consistent introduction of new models and technological advancements.
p.36
Global Business Strategies and Market Entry
How does Hong Kong serve as a gateway to China?
It provides businesses access to one of the world's largest and fastest-growing economies.
p.42
Challenges in Maintaining Innovation
What is necessary to avoid disruptions when integrating new technologies?
Careful planning and execution.
p.52
Role of Innovation in Competitive Advantage
What role do interconnected markets play in innovation?
They foster collaboration and knowledge sharing, leading to the development of new products and services.
p.5
Sustainability and Continuous Improvement in Business
Why is it important for companies to stay at the forefront of change?
To adapt to shifting market trends, customer preferences, and regulatory landscapes.
p.58
Cultural Adaptation in Global Markets
How can partnerships help in navigating cultural differences?
By leveraging local expertise.
p.26
Emerging Technologies and Their Impact on Innovation
What type of geometries can 3D printing create?
Complex geometries that were previously impossible to manufacture.
p.45
Global Business Strategies and Market Entry
What advantage do businesses gain from international trade?
Access to new markets and customers globally.
p.62
Global Business Strategies and Market Entry
When is the submission deadline for the presentation materials?
By the end of Week 11 (November 17, 2024).
p.45
Role of Innovation in Competitive Advantage
How does international trade contribute to economic growth?
By allowing countries to specialize in producing goods and services where they have a comparative advantage.
p.63
Cultural Adaptation in Global Markets
What should businesses showcase regarding cultural intelligence?
Their team's cultural competence and ability to navigate diverse business environments.
p.25
Emerging Technologies and Their Impact on Innovation
What is one use of blockchain in digital identity?
Digital identity verification.
p.20
Emerging Technologies and Their Impact on Innovation
What is the role of digital solutions in waste management?
To track waste flows and enhance efficiency.
p.25
Emerging Technologies and Their Impact on Innovation
What role does blockchain play in healthcare?
Healthcare data management.
p.45
Cultural Adaptation in Global Markets
What additional benefits does trade promote beyond economic factors?
Cultural exchange, innovation, and technological diffusion.
p.12
Government's Role in Fostering Innovation
What does the GDPR framework encourage companies to develop?
Innovative solutions for data security and user consent.
p.11
Cultural Adaptation in Global Markets
What is local adaptation in the context of innovation?
Tailoring global innovations to meet the specific needs and contexts of local markets.
p.60
Differentiation Strategies through Innovation
What opportunity does the Q&A session provide?
To further demonstrate your expertise and passion for your business venture.
p.57
Global Business Strategies and Market Entry
How can data-driven insights be used in Financial Projections?
To demonstrate the potential return on investment for venture capitalists.
p.60
Differentiation Strategies through Innovation
How can you handle the Q&A session effectively?
Anticipate potential questions and prepare concise, informative answers.
p.57
Global Business Strategies and Market Entry
Why is it important to highlight unmet needs in the Market Analysis?
To show how the business will address gaps on a global scale.
