What are the major components of a business plan? Why should an individual develop a business plan?

Q: Because service organizations require high-touch relationships with customers, which of the followin...

A: High-touch customer relationships is that category in a contact center interaction that needs human ...

Q: Juanita met her friend John at the reception area of her company on her arrival at work. John in lou...

A: The process of exchanging information, ideas, views, opinion, suggestions between two or more people...

Q: Roman ltd, manufacturers of alcoholic drinks have been heavily hit by the virus. Their major sales o...

A: The situation during this time is getting wrote day by day because of this paramedic called corona v...

Q: list some possible advantages and disadvantages to using computer technology for managerial decision...

A: Advantages of computer technology for managerial decision making- With the help of computer technol...

Q: Widget Corporation is the manufacturer of many popular children’s toys but have seen a great decreas...

A: Each organization has 2 types of powers, namely express, and implied. Any action outside its powers ...

Q: Bogash drew a check on National Safety Bank and Trust Co. payable to the order of Fiss Corp. At the ...

A: Follow Negotiable Instruments law in this case. Though this case does not specify, it is assumed tha...

Q: QUESTION TWO Stephen Jones is the CEO of WISKY Contractors that has been in existence for the past 1...

A: Acquiring suitable human resources for an organization is an important element for the success of th...

Q: Please explain (in 50-100 words), each type of diversification associated with Unrelated Diversifica...

A: Diversification  When a firm wants to enter in to a new market and make a different product from the...

Q: Why is business alignment such a critical factor for business success? What is the main concern rega...

A: Every business entity, irrespective of size or line of activity, has a primary mission to achieve. T...

Q: Explain the service process matrix, why is it useful?

A: The service matrix is a classification of characteristics of the individual’s firm service processes...

Q: Identify how follower and task characteristics might determine which style of leadership is most app...

A: The Path-Goal model is the best theory to determine the most appropriate style of leadership. The Pa...

Q: What do you understand by the term “acculturation” and why is it an important concept for us as busi...

A: Acculturation is a process through which two cultures exchange cultural traits among each other. The...

Q: In Berlo’s model, the channel of communication is related to: A. five elements: the source, e...

A: Communication: Communication is a concept of conveying messages, thoughts, and ideas from one person...

Q: Some people believe that outsourcing jobs to lower wage countries will benefit the us economy in the...

A: Outsourcing is a practice that is followed by the business firms for hiring an individual or group o...

Q: What is the difference between a simple and a complex argument? In your answer, make sure you clearl...

A: Simple Argument: A simple argument is a form of contention or a disagreement with a single reason. I...

Q: What is the purpose of an engagement letter? What subjects shouldbe covered in such a letter?

A: The letter details the scope of the agreement, its terms, and costs. The purpose of an engagement le...

Q: 2. You are working in the department manager at manufacturing industry. What is your responsibility ...

A: The management refers to the art or skill of getting the employees to do the desired tasks so that t...

Q: Compare and contrast financial statement fraud with embezzlement and misappropriation, especially wi...

A: Financial Statement Fraud is when a company deliberately puts forward false information regarding it...

Q: Speculate on the overall manner in which you would use tools like Excel to apply a business-critical...

A: Microsoft Excel is the most important tool of the computer programe. It helps to go through the fina...

Q: . What type of organization might use a venture team todevelop new products? What are the advantages...

A: Venture team The organization which wants to introduce some new methods, plans and ideas for a new p...

Q: How is organization height related to the span of management?

A: The management refers to the process of managing the manpower along with the resources of the organi...

Q: Discuss the following statement: Supply management not only buys parts or services from suppliers—it...

A: Supply chain management is the centralized management of the flow of goods and services and includes...

Q: The toughest bosses are likely to be a) taxpayers b) government bureaucrats c) residual claimants (o...

A: The residual claimant refers to the economic agent who has the sole remaining claim on an organizati...

Q: Social media has been very active in terms of spreading the word about practically anything and ever...

A: Social media is an online technology which helps in sharing of thought, information, and ideas throu...

Q: Explain the major stages of team development one paragraph

A: The aim of a team development plan is to identify the collective learning needs of the team. The sup...

Q: We endorse freedom of expression, diversity of perspective, emotional tolerance of dissent, to achie...

A: Personality  It's is derived from a Latin word ''Persona'' means '' mask''. Which can made a person ...

Q: What are the basic principles that apply to thehandling of all types of change orders?

A: Change order  It is a term related to the project management which deals with the variations in the ...

Venture Development Process

To create a startup company around a licensed university technology is referred to as venture development. A venture development firm can assist entrepreneurs in identifying and developing a prospective commercialization strategy, be an incubator, test target market assumptions, recruit university and non-university innovative resources and talented team members, and obtain early-stage finance. Commercialization grants, internal and external small business owners, governmental and local finance systems, and private funds are all possible sources of funding. This activity, when combined with strong intellectual property resources, accelerates early commercialization efforts and better prepares university-affiliated business owners for other types of funding.