Organizational Behavior
OER 2019 Edition
ISBN: 9781947172715
Author: OpenStax
Publisher: OpenStax College
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Textbook Question
Chapter 19, Problem 5CRQ
Why is it important to develop a business plan? What should such a plan include?
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What are the eight elements that should be included in the executive summary of a business plan?
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Chapter 19 Solutions
Organizational Behavior
Ch. 19.1 - What are some different types of entrepreneurs?Ch. 19.1 - How does entrepreneurship differ across countries?Ch. 19.2 - Describe the personality traits and skills...Ch. 19.2 - What does it mean when we say that an entrepreneur...Ch. 19.3 - What are the key components of the business model...Ch. 19.3 - What are the advantages and disadvantages of being...Ch. 19.4 - What sources of capital are available to...Ch. 19.4 - What are the associated risks for various sources...Ch. 19.5 - What is design thinking?Ch. 19.5 - What are some advantages of design thinking?
Ch. 19.6 - How can governments reduce barriers to...Ch. 19.6 - How can governments increase positive incentives...Ch. 19 - What are the differences between classic...Ch. 19 - What differentiates an entrepreneur from a...Ch. 19 - What are some major factors that motivate...Ch. 19 - How can potential business owners find new...Ch. 19 - Why is it important to develop a business plan?...Ch. 19 - What financing options do small-business owners...Ch. 19 - How do the small-business owners and entrepreneurs...Ch. 19 - What are the benefits to small firms of doing...Ch. 19 - Describe the financial and management assistance...Ch. 19 - What significant trends are occurring in the...Ch. 19 - How is entrepreneurial diversity impacting small...Ch. 19 - How do ethics impact decision-making with...
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Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, subject and related others by exploring similar questions and additional content below.Similar questions
- Which aspects of a business plan should be kept up dated?arrow_forwardWhat do you think the most important part of the business plan is, and why? Also, do you think a business plan is important?arrow_forwardExplain the importance of planning a new business, andoutline the key elements in a business plan.arrow_forward
- What are the major components of a business plan?arrow_forwardWhat are the advantages of having a business plan? What are the common challenges encountered in creating a business plan? Describe each.arrow_forward1. Why is business plan important when planning a business? 2. Why is knowledge about the structures of markets in which the firms operate important? How could this be of help to you in order to understand the differences in prices and services? 3. What is the importance of a business plan?arrow_forward
- What is the importance of planning in the success and growth of an organization? Discuss the key benefits and advantages that effective planning can bring to businesses.arrow_forwardGiven the uncertainty and dynamic nature of the business environment, is a business plan necessary? Cite the reasons for your answer.arrow_forwardWhy is practice so important in learning to diagnose business problems? Where do you place the expectation elements in the business plan?arrow_forward
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