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question 1:develop a new comprhensive businessplan for a new venture?
question 2:What is SME?develop a SME organization and discuss different limitations of SME?
QUESTION 3:Discuss the team work in an enterprenuership organization?
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- QUESTION 1 With the aid of practical examples from an identified start-up, identify and explain 4 major differences between a business model and a business plan. QUESTION 2 You intend to start a business with a few friends producing independent movies for Netflix. You have heard of a concept called the liability of newness that suggest that that new firms are more likely to fail relative to older ones. Discuss 4 strategies that your entrepreneurial team will adopt to overcome this liability.A Firm’s history is given in a timeline from its inception in Year 1995 to Current Year: 1995 Invented and filed patent for software that improved production process.1997 Introduced new innovations that went on the market at low price.Major sales growth with expansion of the market share.2000 Anotherfirm emerges as a serious competitor with new technology.2003 Management observing its products are not doing good business decides to diversify.2006New chief executive takes up position.2097Firm abandons its low profit businesses to begin to invest in new products.2010 Firm filed a petition against anti-competitive trade practices but lost the case.2012 Becomes a high-cost manufacturer with a growing portfolio of products which was losinghundreds of millions of dollars annually.Restructuring that eliminated 10,000 jobs and cut more than $1 billion from annual costs.2015New CEO took over reigns of the firm. To raise money, begins selling patent of select portfolio and concentrates on narrow…Questions: 1. If you were a friend of Sammy, what would you tell him? Explain. 2. Is Sammy’s situation hopeless? Why and why not? Justify your answer. 3. What did Sammy miss regarding his business plan? Be specific and explain.
- Management question- Identify the principal characteristics of the partnership form of business organisation ?Q1)What are the different types of Start-Ups? Explain it with an example the difference between Breakthrough innovation and Technical innovation? Q2)Explain the Entrepreneurial Process in your own words. What is Window for Opportunity? Q3)Consider an example of your own choice to explain the major differences between Entrepreneurship and Management when it comes to Decision making? Q4)What are the skills needed for an Entrepreneur to minimize the Risk in this modern world? Q5)What is the difference between Gordon method and Brainstorming? Q6)What are the important factors that an Entrepreneur should keep in mind when conducting business activities across national boundaries? Q7)What are the methods of generating new ideas? Explain why criticism is not allowed during group Brainstorming activity?Question More often than not, small and medium sized enterprises (SMEs) are called the backbone of a nation's economy. These businesses play a vital role for the growth and development of its surrounding community. A stakeholder, on the other hand, is a party that has an interest in a company and can either affect or be affected by the business. Using examples of your choice, discuss the positive (or negative) role played by small businesses when dealing with any five of its stakeholders. Your discussion may include the significance of that relationship, potential benefits (or drawbacks), risks involved, and any other interesting facts pertaining to each relationship. Finally, rank the above examples according to its importance to the small businesses you chose as examples. Explain your rationale for doing so.*2400 words *must include citation its necessary
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- Answer the question in paragraph format What strategy should an entrepreneur employ when selecting a personal board, an advisory board, or a board of directors?The foundation is inconsequentialThe syndicate started experiencing growth at all business units. It culminated in an increase in profit margin. As a market leader, the company started investing cripplingly in other ventures therefore widening its portfolio. Such is a story of a certain thrilling Ghanaian own business. Management thought it wise to employ more labour to beef up the shortfall of their employees. Kofi Antobam was lucky to be employed after several years in search of a white colour job. The opportunity had finally come. As part of his job description, he was expected to canvas for customers and possibly deploy all marketing strategies at his disposal to retain the hard-won customers. Coming from a very strong ethical background, and an orphan as well, he gave out all his best to secure the job for good. Growing up as a Christian, with a strong religious background he tried to respectfully lure customers to patronize the company through all ethical means. Antobam was voted…Venture is Flipkart or any other successful entrepreneurial venture that has been in business at least five years. (1) Use historical revenue information to examine how this particular venture moved through its life cycle stages. Determine the length of the development stage, the startup stage, and so forth. (2) Determine the financing sources used during the various stages of the venture's life cycle. (3) Identify the venture's equity owners and how shares have been distributed among the owners. What portion of ownership has been allocated to management team members? what, if any, agency conflicts can you identify?