Emphasis on distinctive competencies, writing a business plan, and choosing an industry in which to compete, are some of the basic strategic challenges for entrepreneurial organizations. True False please explain
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Emphasis on distinctive competencies, writing a business plan, and choosing an industry in which to compete, are some of the basic strategic challenges for entrepreneurial organizations.
True
False
please explain
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- Answer the following question, giving explanations and examples.1. It describes the internal and external business plan. What are thetypes of entrepreneurial business plans? How does an enterprise geta successful business plan?Write an essay discussing the value of a business plan and identify the different function essential in managing a entrepreneurial venture. Your essay should contain atleast 300 words.Almost anyone can develop the qualities necessary to succeed asan entrepreneur. To illustrate, consider this question.Who among the following is the most successful entrepreneur?Choose two persons rom the given scenarios then explain and justify. Give examples and situations to support your answers. 1. A 35 year-old farmer who has owned a two hectare pineappleplantation for 10 years, makes just enough to get by, but loveswhat he is doing, and calls everyone in the barangay a friend.2. A 30 year-old CEO of a software firm who works 70 hours aweek, stays stressed, never sees his family, but makes five millionpesos in revenue per year.3. A 35 year-old single mom who makes money online withinternets, and gets to spend all the time she wants with her kids.4. A 22 year-old college dropout who created a few websites thathe manages a few hours per week and now makes enough totravel the world, spends time with friends and family, and pursueshis favorite hobbies.
- Discuss the importance of a business plan for entrepreneurial ventures. Outline the key components of a business plan and explain how it helps entrepreneurs in strategic decision-making. In 50-100 words.As a consultant, critically assess John’s entrepreneurial potential by identifying anddiscussing key characteristics and skills that are most critical to his entrepreneurial success.Provide relevant examples that will support the assessment (use examples from othertechnological innovators in this field, when discussing the characteristics and skills, thedetails from the examples must be clearly stated).How to idenitfy an entrepreneurial challenge?
- Explain the pros and cons of being an entrepreneur. How would you determine if an individual possesses the characteristics that it takes to creating their own business (self-direction, level of uncertainty, etc.)?The written report of your new entrepreneurial firm based on the criteria given below.1. Identify and discuss business to be ventured into: background of business, product, service and industry. 2. Identify its business strategy: the desired image and position in the market and SWOT analysis. 3. Marketing strategy: target market, advertising and promotion strategy, pricing structure and its distribution strategy. 4. Competitor analysis: identify the existing competitors and potential competitors. 5. Descriptions of the management team: key managers & employees, backgrounds, experience & skills. 6. Financial & funding: sources & uses of funds. 7. Critical risk factors: critical risk factors that your new business/firm may face. These risks may be management risks, marketing risks, financial risks or other risks depending on your industry and particular situation.Name three traits of successful entrepreneurs and explain in detail why they are important qualities for an entrepreneur to possess. What is entrepreneurial ego? How can an entrepreneur keep entrepreneurial ego in check? Why do complex decisions often raise ethical considerations for the entrepreneur?
- 1. Why are businesses important in the country? In community? 2. What are the 5 steps in the pursuit of an entrepreneurial procedure? 3. What is the Imperfect competition that refers to any form of market structure other than perfect competition?1.What were some of the key customer, technology, and market trends that drove entrepreneurship during the last decade? What factors do you predict will drive entrepreneurial challenges in the next decade? 2. As a customer, list down all your dissatisfaction when you buy something from the store, go to the spa, transact with a bank, etc. What could be done to minimize your dissatisfaction?Give at least ten common business existing and operating in our local community. Classify them as to form and nature. Then share your findings in class by answering these questions. 1. What is the most common form and nature of entrepreneurial ventures in our community? 2. What do you think are the probable reasons?