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 b
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- 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?Q1. Identify the entrepreneurial traits that Ed Sabol and his son Steve exhibit? Q2. How would you characterize the Sabol’s philosophy, beliefs, and values to a small business as it grows? Q3. What factors have led to NFL Films’ success?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
- 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.please explain, why business plan is important for an entrepreneur ?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…
- 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?What makes a perfect business plan?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?
- What do you think is the purpose of business plan?Which aspects of a business plan should be kept up dated?Now that you have identified a problem, provided a business idea to solve the problem and alsoreflected on your own entrepreneurial characteristics and possible business risks, you are nowgoing to interrogate whether your idea is indeed a business idea or a business opportunity, youwill also analyse the environment to assess whether environmental conditions are favourable foryou to enter into the business world.As with other tasks, you will need to conduct research beyond the textbook in order to completethis task.1. Justify whether your proposed solution/idea meets the characteristics of a successfulproduct or service idea.NB: Refer to characteristics of a successful product or service idea.