Organizational Behavior
OER 2019 Edition
ISBN: 9781947172715
Author: OpenStax
Publisher: OpenStax College
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Textbook Question
Chapter 19, Problem 5CRQ
Why is it important to develop a business plan? What should such a plan include?
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Why should a business plan be updated?
What are the eight elements that should be included in the executive summary of a business plan?
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Chapter 19 Solutions
Organizational Behavior
Ch. 19.1 - What are some different types of entrepreneurs?Ch. 19.1 - How does entrepreneurship differ across countries?Ch. 19.2 - Describe the personality traits and skills...Ch. 19.2 - What does it mean when we say that an entrepreneur...Ch. 19.3 - What are the key components of the business model...Ch. 19.3 - What are the advantages and disadvantages of being...Ch. 19.4 - What sources of capital are available to...Ch. 19.4 - What are the associated risks for various sources...Ch. 19.5 - What is design thinking?Ch. 19.5 - What are some advantages of design thinking?
Ch. 19.6 - How can governments reduce barriers to...Ch. 19.6 - How can governments increase positive incentives...Ch. 19 - What are the differences between classic...Ch. 19 - What differentiates an entrepreneur from a...Ch. 19 - What are some major factors that motivate...Ch. 19 - How can potential business owners find new...Ch. 19 - Why is it important to develop a business plan?...Ch. 19 - What financing options do small-business owners...Ch. 19 - How do the small-business owners and entrepreneurs...Ch. 19 - What are the benefits to small firms of doing...Ch. 19 - Describe the financial and management assistance...Ch. 19 - What significant trends are occurring in the...Ch. 19 - How is entrepreneurial diversity impacting small...Ch. 19 - How do ethics impact decision-making with...
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Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, subject and related others by exploring similar questions and additional content below.Similar questions
- Why a Business Plan is Important?arrow_forwardName a specific benefit to writing a business plan when creating a new business? Explain your answer.arrow_forwardDescribe how you will prepare your business plan for a new business venture such as a stationary store. Be sure to include the components of a good business plan.arrow_forward
- Why is it important to know the market size of the the business? Please explain thoroughly.arrow_forwardGiven the uncertainty and dynamic nature of the business environment, is a business plan necessary? Cite the reasons for your answer.arrow_forwardExplain the importance of planning a new business,and outline the key elements in a business plan.arrow_forward
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