MGT 420- Exam 3 from Notes fully solved to pass
1. What is planning? Planning is the future
you envision for your
business
-helps you see your
idea for what it is
-helps crystalize
your thoughts
-helps you organize
your actions
2. What is the vision statement? tells you where the
com- pany wants to
be at in the future-
the end goal
3. What is a mission statement? what you are willing to
do and what you do
on a day-to-day basis
in order to get that
goal
4. What is a vivid vision? challenges the
entrepre- neur to
imagine what a
business could be
5. What is a business model canvas ( a form of a plan)? it is useful for
identifying
gaps in the business
idea and it is visual and
depict- ed on one page
by filling in the nine
blocks
1/
15
, MGT 420- Exam 3 from Notes fully solved to pass
6. What is Cameron's TedTalk on Vision about? Have an extremely de-
tailed vision of your
busi- ness for the next
three years and give it
to your
2/
15
1. What is planning? Planning is the future
you envision for your
business
-helps you see your
idea for what it is
-helps crystalize
your thoughts
-helps you organize
your actions
2. What is the vision statement? tells you where the
com- pany wants to
be at in the future-
the end goal
3. What is a mission statement? what you are willing to
do and what you do
on a day-to-day basis
in order to get that
goal
4. What is a vivid vision? challenges the
entrepre- neur to
imagine what a
business could be
5. What is a business model canvas ( a form of a plan)? it is useful for
identifying
gaps in the business
idea and it is visual and
depict- ed on one page
by filling in the nine
blocks
1/
15
, MGT 420- Exam 3 from Notes fully solved to pass
6. What is Cameron's TedTalk on Vision about? Have an extremely de-
tailed vision of your
busi- ness for the next
three years and give it
to your
2/
15
