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Now that we are starting the second module concerning the business plan, I would like to discuss the value of the business plan. Many successful businesses have started with no more than an idea or a business plan on the back of an envelope. Research has also indicated that a business plan is not always necessary. I have, however, researched many entrepreneurship courses and programs from many of the premier universities in the United States and the world and all have business plan writing somewhere in the curriculum. Why? Are business plans really necessary? What value do they provide? Are universities out of touch with reality?
Note: Many think that a well-developed business model is all that is necessary to launch unless external financing is needed. The Business Model Canvas is the most popular business model development tool. In fact, many Small Business Development Center business advisors use the canvas as the starting point with new clients.
Explain three to four (3-4) potential effects of the failure of managers to develop a plan before executing major business-related decisions within their organizations. Provide an example of a time when something failed in your place of business due ..
Analyze the importance of ethics in business through leadership and corporate social responsibility (CSR).
Poses possible alternatives and ethics of each alternative. Paper should explore the possible alternatives and ethics from the Utilitarian Perspective,
Marvin was the president and chief executive officer (CEO) of his company. The decision of whether or not to bid on a job above a certain dollar value rested.
Describe the stakeholders involved in this ethical dilemma. What stake do they have in the situation?
Employees mopped and dried the floor of the bakery as much as possible, but there were still water spots throughout the bakery,
How important is it to change, and what criteria determine the changes in a strategic management plan? How would you describe the twenty-first century competitive landscape and the various challenges it brings to businesses?
What is the total annual cost, including ordering, holding, and purchasing the silverware?
Provide a definition of 4 of the following techniques:Distribution center,Public warehouse,Common carrier etc.
In the optimal solution, which product(s) will be manufactured? What is the optimal production quantity? What is the optimal profit?
Explain the Logistics partnerships between retailer/Wholesalers and delivery/ install service companies.(e.g) Wholefood with local delivery companies,
What is the relationship between the company's values and strategy? Provide real world examples. Additional research is necessary by using scholarly publications.
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