Explain the reasons that make business plans fail

Reference no: EM132556751

ELCT20002 Entrepreneurship and New Venture Creation - Middle East College

Learning Outcome 1: Develop a Business plan

Assignment Objective

Understanding the structure and process of entrepreneurship and new venture creation is essential to attain a complete grasp of the phenomenon. The current assignment is designed to allow the students to explore how to design an effective as well as efficient business plan.

Assignment Tasks:

The assignment has one task divided into specific parts. The students should focus on the guidelines appropriate for the assignment along with its deliverables and the corresponding marks to produce a well thought out report.

a. Define a business plan (Provide 1 comprehensive definition. Max. 100 words)

b. Describe the key roles of a business plan in creating a new venture (Max. 100 words)

c. Identify and explain the components/elements of a business plan. Illustrate each component/element with examples. (Max. 1000 words)

d. Explain the reasons that make business plans fail. (Max. 400 words)

Report Summary

- Present a very brief account of the ‘body'/Briefly restate the information presented in the main text (Max. 60 words)

Referencing: The work must be referenced

- At least 8 citations including internet sources, websites, journal articles etc.
- CU Harvard Referencing

Attachment:- Entrepreneurship and New Venture Creation.rar

Reference no: EM132556751

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