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- Define the following: A. Business ModelB. Business ResourcesC. Specific AudienceD. Demand Generation StrategyE. Key Business Partners4. Theory questions: Describe the 4P (product, position, paradigm and process) Innovation management framework. Provide examples.To complete your task, you are required to choose a Start-Up business of your choice which you are going to make functional in near future. (For example, sole trading, partnership, private limited company etc.) Once you identify the type of Start-Up, business which you are going to make operational in near future. • Determine what type of internal and external information is required by your chosen business for planning, decision-making and control purposes. • Use PESTLE and Porter Five Forces framework to analyse the key factors (at least 3) that influence your organisation and how those will support business decisions.
- You are a small grocery owner who sells goods in your physical store. To improve your sales and profit, you are thinking to add another revenue stream to your current business especially in an era where groceries are struggling from online competitors. You plan to introduce online purchase using mobile apps starting from next Based on the given current scenario: Propose the suitable EA3 cube framework for next year. You should provide FOUR (4) examples for each framework functional [20 marks] Based on your answer in part (a), identify TWO (2) suitable components for each level in the proposed [20 marks]1. Use the concepts like empathy and write a solid PROBLEM STATEMENT that is aligned with your customer pain points and global SDGs.2. Determine the main cause of the problem in no. 1.3. Use brainstorming with your friends/classmates/relatives and then ideate to compose a convincing VALUE PROPOSITION of your start-up product/service to address the cause of the problem identified in no. 2.Create a three slides containing:1. Your PROBLEM STATEMENT2. The 5 WHYs ILLUSTRATION of determining the root cause of the problem3. Your VALUE PROPOSITIONHistory Bookmarks Window Help A ng.cengage.com es - ECN-101-D02 -... Bb https://stcc.blackboard.com/webapps/blackboard/exe... CENGAGE MINDTAP Adaptive Test Prep (Ch 01) Current Test: Chapters: Chapter 1:... Previous Question 1 of 10 Next Question 1: The definition of a model is: a detailed description of all variables affecting a situation. data adjusted for rational action. a simplified description of reality to understand and predict an economic event. a normative analysis of all variables affecting an event.