MNE3701 Entrepreneurship And Small Business Management (MNE3701)

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MNE 3701 – Entrepreneurship and Small Business Management ①The Business Plan: Visualising the dream Will writing a plan make a difference? Form of the business plan Short plan: an abbreviated form of an traditional business plan that addresses only important issues  The problem needing to be solved  The strategy  Measures used to gauge success  Milestones to be met  Tasks and responsibilities of the team  The business model 15-30min PowerPoint presentation – th...

MNE3701 Assignment 1 2021. Entrepreneurship And Small Business Management. Creators Plus, a modest-size manufacturer of quality crafts, expends considerable resources to ensure that its products are created in the most efficient manner. According to the owner, distribution and promotion are secondary considerations to managing an expedient production process. Creators Plus subscribes to the ____ marketing philosophy. 1. process-oriented 2. market-oriented 3. sales-oriented 4. production-...

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MNE3701 –Entrepreneurship & Small Business management Question 1&2 Overlaps Explain the five steps in the Risk Management process (5) 1. Identify risks  Analysis of financial statements and firms operations, policy checklists… 2. Evaluate risks in terms of size and probability  critical, important and unimportant 3. Select methods to manage risk  risk control: risk avoidance – choosing not to engage in activities risk reduction – lessening the severity of losses  ri...

Entrepreneurship and managing a small business Content of the Business Plan •Product/Service Plan (Important): Describes the product and/or service to be provided and explains its merits •Marke?ng Plan (important): Describes the user benefits of the product or service and the type of market that exists •Opera?ons and Development Plan (important): How product will be produced or service provided •Management Team (important): Describes the firm’s organiza?onal structure...

Unit 2 HOW CORPORATE ENTREPRENEURSHIP DIFFERS 2.1 DISPELLING THE MYTHS AND SIDESTEPPING THE FOLKLORE The following ten most notable myths are inaccurate: 1. Entrepreneurs are born not made: - There is a long-prevailing notion that the characteristics of entrepreneurs cannot be taught or learned, and that they are traits with which one must be born. - This is not true - Key traits associated with entrepreneurship include achievement motivation, aggressiveness, initiative, drive, willingn...