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Small businesses continue to thrive in the United States for a variety of reasons.
- Independence and a better lifestyle
- Personal satisfaction from work
- Best route to success
- Rapidly changing technology
- Major corporate restructuring and downsizing
- Outsourcing
- Small businesses are resilient
select a small business that you can research and address these issues as they apply to this business.
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- Discuss the four standard ways that a small business may respond to risks that it may encounter in its operations.Entrepreneurs must be strategic thinkers in order to develop the plans and objectives necessary to start abusiness that will last. Imagine you are starting a new music-streaming service. You have decided todifferentiate your service from the others already in the marketplace. Think of three ways to add value toyour service and also the performance measures you’ll need to use in order to know if your added valueis really valued by customers.Could writing a conventional business plan every cause more harm than good? Explain your answer?
- (a) How has information technology transformed business and managerial decision-making?(b) What are some major factors that motivate entrepreneurs to start businesses?Define/describe an entrepreneur and enumerate the characteristics of a successful entrepreneur and discuss how knowing them will be helpful.The decision to behave entrepreneurially is the result of the interaction of: * The existence of a viable business idea and relevant business organization The existence of a variable business idea and irrelevant business organization The individual’s personal entrepreneurial competencies and potential The individual's personal entrepreneurial mindset and an opportunity
- How can we meet the challenges of growing a business?Why are not-for-profit organizations different from most businesses? Are there any similarities between a goods-producing business and a not-for-profit organization?PART III - 3. Discuss the different types of Business and explain their advantages to each other.
- Given the circumstances happening in our society nowadays, using the KALDOR’S TECHNOLOGICAL THEORY (Entrepreneur Theory), cite how the said theory applies to the businesses and enterprises at present. Provide some concepts in the said theories and explain how do they reflect the current businesses and enterprises.Based on your total life experience up to this point—as a student, consumer, employee, parent, and anyother role you’ve played—what sort of business wouldyou be best at running? Why?You and your best friend of 20 years have decided to start a restaurant that would only be selling locally sourced organic food. In context of the new restaurant you and your friend are planning to open, identity and elaborate all the external factors that can affect your new business