Discuss the four standard ways that a small business may respond to risks that it may encounter in its operations.
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Discuss the four standard ways that a small business may respond to risks that it may encounter in its operations.
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- Identify and illustrate four main differences between a business model and a business plan using examples from a real-life start-up.Explain the outlines of creating a business plan and explain the difficulties one might face in creating one.Identify the three main aspects in the Business Plan and explain them briefly.
- What are the major components of a business plan?What are the difficulties that a business may face when there is no business plan?1. Could writing a conventional business plan ever cause more harm than good? Explain your answer?2. If you wanted some assistance in setting up and running a new business, you might look at business incubators as a solution. What kind of assistance would you consider the most valuable?3. Given the risks involved in starting any company, should an aspiring entrepreneur investigate all possible failure scenarios and develop action plans to avoid these potential outcomes? Explain your answer.4. How do autocratic, democratic, and laissez-faire leadership styles differ?5. Ethical considerations. Apart from meeting the company’s future talent needs, do managers have a personal ethical obligation to help their employees develop and advance in their careers? Explain your answer.6. What are the advantages and disadvantages of the unstructured organizational model?7. Suppose you are the marketing manager of the credit-card department of a financial institution. Your objective is to support the…
- Small businesses continue to thrive in the United States for a variety of reasons. Independence and a better lifestyle Personal satisfaction from work Best route to success Rapidly changing technology Major corporate restructuring and downsizing Outsourcing Small businesses are resilient select a small business that you can research and address these issues as they apply to this business.b. Discuss how can an entrepreneur effectively balance the need to innovate and take risks with the need to manage resources and ensure profitability in the long term?What are the different forms of business organizations? How do different organization forms impact control and access to financing? How will you decide on the appropriate organizational form for a business?