How does an entrepreneur develop a new mission for a franchise?
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How does an entrepreneur develop a new mission for a franchise?
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- Outline how strategic alliances can provide options for marketing opportunities and include two examples of alliances (also known as cooperative business models) that can be formed between businesses. Outline how the development of existing products or services can provide marketing opportunity options for a business, both in existing and new markets. Relate your answer to relevant diversification strategies from the Ansoff matrix. Outline how a takeover can create options for marketing opportunities for a business. Outline key information that a franchiser should consider providing when marketing their franchise opportunity. Outline how a company can use the establishment of a new business as an opportunity for marketing. Provide an example to illustrate your answer. Outline two other marketing opportunity options that a business could choose to pursue other than options explored in the questions above. Explain the importance of the product life…If you were to set up a business venture, what would be your personal purposebfor doing so? What type of business would you set up? What would be the mission of this enterprise? Craft a personal enterprise mission statement.what name would you give to your business venture ? What is the significance of that name ? Would it protect the image you desire for your business ?
- Research one entrepreneur . Discuss how they developed their venture’s core business team and strategic partnerships, and how it contributed to their success or failure.From the perspective of the franchisee, discuss three (3) advantages and three (3) disadvantages of buying a franchise.What are your criteria for selecting a franchise?
- Explain what are some effective strategies for funding a new business, and how do entrepreneurs decide which strategy is best for their specific needs?One of the first steps for starting your own business is to decide what type of business you want to start. Take some time to think about this decision. Before proceeding, answer the following questions:• Why did you choose this type of business?• Why do you think this business will be successful?• Would you enjoy owning and operating this type of business?What is the difference between an “enterpriser” and an “entrepreneur”? What characterizes the transition and change stage of an enterprise life cycle?
- Why was Andrew Houston, the creator of Dropbox, a unique entrepreneur?What is the difference between an “enterpriser” and an “entrepreneur”? What characterizes the transition and change stage of an enterprise life cycle? Why men are more like to start businesses than women? What factor might account for this difference? How important is education for starting a business? Why ? Why should we set goals? Define the characteristics of effective goals. What are the six principles of managing goals? How will these principles help?Types of entrepreneurial challenges? And how can an entrepreneur overcome these challenges?