one of the less read aspects of a business plan is the management team and corporate structure
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one of the less read aspects of a business plan is the management team and corporate structure
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- 4. How is a business plan different from an executive summary?Business plan is a tool that can be used in a number of ways. Discuss the way you think a business plan would be useful to you. (i.e.:What can you do with your business plan? How long do you think it will take to develop it completely? Who will be the intended audience? Etc.)what do you think is the importance of a business model and what does it help a fast food like McDonald's Explain in 2-4 paragraphs
- Steve Osbourne is considering opening a business, but the major decision faced is how to organize the business. Steve anticipates generating a massive profit during the first year and that the following years should be relatively profitable. Although he has enough to start the business now as a partnership, he believes cash flow may be an issue as the company grows. Steve believes that the corporate form of operation will be his best option and have hired you as a consultant and seek your advice. Answer the following questions for Steve. Explain the corporate characteristic termed “no mutual agency” Explain the corporate characteristic termed limited liability. Explain the term outstanding stock. Is it true or false that corporations muse issue common stock, but may or may not decide to issue preferred stock? Is it true or false that all forms and classes of stock carry voting rights? Is it true of false that stock sold for amounts in excess of par value results in a gain reported on…Prove or disprove the contention of peter Drucker, a management guru stating that "Business is created and managed by people, not by forces" support your arguements with your knowledge about the enbironmental forces.Suppose a colleague of yours is gearing up to write a business plan for a business she intends to start. She told you she plans to prepare the financial statements first to get that job out of the way before she tackles the rest of the plan. What is the flaw in your colleague’s logic as described to you?
- The structure of an organization is essential to achieving strategic objectives. Why do organizations change their structure? Discuss the possible outcomes of restructuring, Use an example in the discussion.(1) Why is it important to identify critical risks andproblems in a business plan? (2) Many expertssuggest that you write the business plan yourself,rather than hiring a consultant to write it for you. Whyis this a good idea?Complete this in the capacity of an entrepreneur starting a new business. This assignment's first instruction is not to write a business plan as you wish, which most likely an essay format. Answer specific questions, keep them in order. To enhance your work, use resources outside resources such as SBA, trade publications, and academic journals when warranted. In this assignment, you will have to start a business from the ground up, no franchise. There are three businesses I want you to stay away from when you are thinking about opening your business. The businesses I will not accept in this assignment are restaurants/bars, nail/hair salons, and gyms. In addition, these businesses have a lower entry barrier where anybody can start any of these businesses and become a direct competitor. Your Business Opportunity Give a summary of your business idea. What are the solutions you will provide your customers with for their needs? What are the important key activities for your business? What…
- You and a partner plan to start a business. You want to schedule a time to sit down together and develop a business plan. Your partner says, “What’s the point? We both know what we want to do, so I think we can skip the formal plan.” How would you explain the importance of developing an organizing a business plan to your partner? And how would you convey the significance of a vision, a mission statement, and goal-setting as it relates to your business plan?Story: Larry wanted Michael to take over the firm so that Larry could focus on his favorite part of the business, which was redesigning the car and inventing new products. Michael agreed to help his father, and had visions of making the company a self-managed organization where workers had as much control as possible. Michael knew that he and his father had different visions for how Westward should be managed. Larry was an entrepreneur who liked to invent things, but he did not like paperwork. He was always tinkering with the car, improving it because he enjoyed responding to customer feedback. For him, the best way to grow Westward was by improving the design of its product. It was his company, his car, and he called the shots. There were few written policies, and a very limited paper trail. Inventory and parts were especially problematic, and often the assembly line had to wait for a rush-order of missing parts. Westward’s employees were happy that the firm was going to be managed…This is a business courseWrite in 500 words with 3 referencesIn detail, discuss why Contingency theory has been or will be of greatest interest or value to you. Provide examples and potential application for the future.