Create a mind map for each possibility

Assignment Help Management Theories

Reference no: EM133534788

Consider business areas of interest to you and search for potential niches for a new or improved product or service. Identify at least four possibilities. Create a mind map (or a similar type of graphical representation) for each possibility. You can refer to the handout included in your Resources for a mind map template and instructions on creating a mind map. Refer to the "Six Factors of Competitive Advantage" from Chapter 5 of the textbook for your evaluation. From your list of four small business possibilities, narrow your choices down to the two that you consider most likely to succeed based on the six competitive factors. Write a 1-page paper with a paragraph on each of the two final ideas briefly describing each idea and why you think it could be successful. Refer to your mind map to justify your choices.

Reference no: EM133534788

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