1. What is task environment and how does it influence the firm? 2. How can Porter's five forces be used to analysis the external environment? 3. What are the reason for forming strategic alliances? 4. Discuss the benefits of franchising? Answer 1,2,3,4 briefly and concise
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- 1. 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?6. Define business plan and explain each and every element of business model development.What are the 8 advantages and disadvantages of (each) Friedman's traditional view and Carroll's 4 responsibilities of business.
- 1.Describe how a company’s mission statement and objectives affect the way management plans its business portfolio.Illustrate an example of both a strategic asset and a strategic competence. Explain why each of these strategic aspects areimportant considerations when deciding to start a business.You have been presented with four business tools for analyzing businesses: SWOT analysis, Five Forces Model, Three Generic Strategies, and Value Chain Analysis. Continuing to assist CIO Bob Stetzel, you need to recommend to him which tool or tools would be appropriate for Bob to use in analyzing VTB. What is your recommendation and discuss why you are recommending the tool or tools you have selected?
- What are the potential opportunities that would help the Real Estate organaization reach the goals that it has established?What functional-level strategies could the Real Estate organization use to their advantage againsttheir competition?1. Outline the difference between a business idea and a business opportunity? Why is this distinction important? 2. Define business concept statement, in your own words. Outline its main elements. 1. Identify three (3) features of the Five Competitive Forces Model and discuss how they operate to affect the profitability of firms in an industry. 2. Describe a business start-up you are contemplating and explain why you have made this choice. 3. Identify and discuss the four (4) major components of a business feasibility analysis. 4. a) What is the purpose of conducting a business feasibility analysis? b) When is the best time to conduct a feasibility analysis? c) Justify your response.1. Do you believe it is important for a business to establish and clearly communicate longterm and annual objectives? Why or why not? 2. Does your organization establish objectives? If yes, what type and how many? How are the objectives communicated to individuals? Are your firm’s objectives in written form or simply communicated orally? 3. To what extent are managers and employees involved in the process of establishing objectives? 4. How often are your business objectives revised and by what process? please answer the above questions.
- 1. How would the board's increased involvement in the selection of strategies affect a firm's strategic competitiveness? 2. What evidence would you offer to support their position?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.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?