Crafting and Executing Strategy
22nd Edition
ISBN: 9781260157475
Author: Thompson
Publisher: MCG
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Chapter 1, Problem 5LO
Summary Introduction
To identify: The concept that constitutes the viable business model.
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Identify the three main aspects in the Business Plan and explain them briefly.
Explain what a business model does.
What strategy should a business manager follow to increase the competitiveness of his business?
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- List and describe the two options a business owner can choose when writing a business plan.arrow_forwardWho should write the business plan?arrow_forwardwith the aid of practical examples from an identified start up, identify and explain 4 major differrences between a business model and a business plan.arrow_forward
- In determining the purpose of existence of a business, explain 4 steps that a business goes through to achieve a competitive advantage.arrow_forwardWhat two factors determine which type of business plan should be prepared?arrow_forwardExplain the business planning process and discuss the outlines and effectiveness of business plan.arrow_forward
- Determine the Strategic Management process for a business.arrow_forwardDescribe the different stages involved in running a medium scale enterprise.arrow_forwardIn determining the purpose of existence of a business, examine the four steps that a business goesthrough to achieve a competitive advantage.arrow_forward
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