What are the benefits of understanding and employing a strategic management process to the entrepreneur in his/her business?
Q: How is the strategic plan of an engineer/scientist entrepreneur likely to be different from that of…
A: Strategic planning is described as a method through which a small or a big business gets a direction…
Q: How does challenging old assumptions and traditions lead to entrepreneurial opportunities? How can…
A: Entrepreneur:- Entrepreneurs are people who launch new businesses, bearing the bulk of the risks and…
Q: name and explain Four main resources an entrepreneur would require to revive their business and how…
A: Entrepreneurs are those individuals who are willing to their business by being a certain level of…
Q: Explain the outlines of creating a business plan and explain the difficulties one might face in…
A: Business plan This is a written document that offers detailed information about the company. It is…
Q: There are three different levels of strategy a company must employ to remain successful.explain?
A: Strategy is the set of activities or plans that help the company to accomplish the desired objective…
Q: What are the four main strategic paths that a diversified company can employ to improve the…
A: Marketing strategy is the business plan in which the organizations turn the prospective consumers…
Q: After graduating from university, you want to open a new company, thinking that you have an…
A: Mc Gregor proposes a famous X-Y theory. Which is mostly used as a management and motivational…
Q: What is strategic management for small businesses? Please give examples and please indicate the…
A: The entrepreneur will carry on the business activities to increase the profitability of the…
Q: How to incorporate your business?
A: Incorporation is defined as a process of incorporating a business with the registrar of the…
Q: Identify what you think is a very successful firm and explain why. How did it become successful?
A: A firm can be considered as successful if it outperforms on both the financial and non-financial…
Q: Develop and present a business plan. Tell us the kind of business you are presenting and why. some…
A: Business plan presentations are structured to sell one's idea to prospective investors through a…
Q: critically discuss the different ways that an entrepreneurial venture can gain competitive advantage
A: Entrepreneurial venture means "a company which prioritise its growth by grabbing the opportunities…
Q: What are the two major directions a corporation can go in seeking growth? What are the major options…
A: Getting new customers isn't the only way to grow your business. Many times, the customers you…
Q: What important facts should an entrepreneur gather in preparing a business plan?
A: Below mentioned are the various importance of business plan: 1. Business plan helps in analyzing the…
Q: l the growth potential strategies of a cosmetic business
A: Cosmetics brands have a global reach due to effective advertising tactics. Cosmetics have grown to…
Q: What is the optimal business model for rapid growth?
A: In straightforward terms, a business model is a nationality of how a company develops, captures, and…
Q: Explain in detail about Entrepreneurial competency.
A: An entrepreneur is a person who starts a business entity with the conception of new ideas with a…
Q: the benefits and importance of having an effective strategic plan in a Business
A: Upper-level management should devote vital designing and coordination to the operational plan. top…
Q: Why should an individual develop a business plan?
A: A business plan is a summarized document that contains the operational and financial objectives of…
Q: Although a successful new venture transitions from being managed as an entrepreneurial (start-up)…
A: Here, in the given question the is share the management and strategy of a new product lifecycle -…
Q: What is the biggest mistake when starting up a new business and why?
A: the biggest mistake isn't any or meager planning for a brand new business. Numerous businesses don’t…
Q: With the aid of practical examples from an identified start-up, identify and explain 4 major…
A: Business plan would indicate the strategies of the company and their expectation of the financial…
Q: What are the company’s plans for future growth?
A: Planning is important all over the existence of any business. Every favourable business usually…
Q: Why does expanding via mergers and acquisitions make for a sound corporate strategy?
A: The determined course of action through a specific way or technique is termed as a strategy.…
Q: Evaluate Dave Santolli's entrepreneurial thinking and leadership at Faxtech and at TTI.
A: According to Dave Santolli, entrepreneurial skills, ideas, and opportunities carry the products or…
Q: Why should mergers and acquisitions should be an essential part of a company's business strategy?
A: A merger refers to the process where two companies unite to become a single one, where one company…
Q: Describe the various stages of the Entrepreneurial Journey ?
A: Ans. Your business platform says a lot respecting the place thy focus should stand as an owner.…
Q: What does strategic planning mean to the small business owner? How does the size of the organization…
A: The objective of strategic planning is to establish general corporate goals and create a plan to…
Q: how do you define capabilities and how they affect a company's Strategic success?
A: Strategic management is the process of planning, organizing, monitoring, analyzing, and controlling…
Q: Why should an entrepreneur develop a business plan?
A: Entrepreneurs are people who are best known for their risk-taking and innovative ideas to serve the…
Q: Which aspects of a business plan should be kept up dated?
A: When a business is started by an individual or a group of people or partners, there is various…
Q: Explain the relevance of competitive dynamics towards a firm's entrepreneurial strategy?
A: The connection of market competitive dynamics to entrepreneurial strategy making could be explained…
Q: What are the best ways to grow your business?
A: In this highly competitive business world, sustaining a business is a very difficult task. There are…
Q: Why is it important to know the market size of the business?
A: A Market is considered to be a place where trading/exchange of goods is done by people and…
Q: (1) What are the major causes of business failure?
A: There are some pitfalls in a business that causes business failure- Poor planning or lack of…
Q: financial and non-financial benefits of Strategic Management?
A: Ans: it refers to a process where an organisation is willing to set up certain goals, initiatives ,…
Q: Explain how the objectives of a new business might change as it grows in size.
A: With the passage of time, business grows which results in the change in the objectives of the…
Q: Every business goes through four phases of a life cycle: startup, growth, maturity and…
A: Introduction Stage The presentation organize is once a car tries to "induce taken note" and…
Q: What are three essential functions of a business plan?
A: Business Plan: A business plan is a written document that details how a firm, usually a startup,…
Q: be
A: Talking about the factors that determine what type of business plan will be is given below; 1)…
Q: Why is business alignment such a critical factor for business success?
A: Every business entity, irrespective of size or line of activity, has a primary mission to achieve.…
Q: Types of entrepreneurial challenges? And how can an entrepreneur overcome these challenges?
A: For any entrepreneur it is a challenging task to manage his time between his family and his work and…
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Solved in 2 steps
- Q1)Explain the Entrepreneurial Process in your own words. What is Window for Opportunity?Consider an example of your own choice to explain the major differences between Entrepreneurship and Management when it comes to Decision making?What is the role of strategy in entrepreneurship? What are the steps to be taken to develop it?What is the big difference between an entrepreneur and a manager?
- What strategic analysis tools from the previous chapter would a manager use when planning a strategy for an existing business? What tools would be most helpful for a start-up business?What opportunities or challenges do you foresee as you set off toresolve an issues and revive a business?1. What do you think are the the ideal business plan implementation steps that shouldbe followed by and entrepreneur? 2. Assuming that you have your own business, what arr your waysto improve its marketing, operational, financial aspects to achieve continous success?
- What do you think is the purpose of business plan?This is a management topic.... How does intrapreneurship contribute to innovation within a company?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.
- 1. What form of business organization did Henry Sy put up? Did it remain as it is? Why or why not? 2. What do you think is/are the key characteristic/s of the owners in their business success?There are three different types of corporate strategies. Do you think all corporatestrategies revolve around growth? Why?Find answers to the following questions:a. Why is an entrepreneurial attitude important in largecorporations today?b. What makes an entrepreneurial employee differentfrom other employees?c. How are these employees being rewarded, and arethe rewards worth the effort?