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discuss in detail various growth potential strategies a cosmetic business can adopt
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- Differentiate between a business idea and a business opportunity; Define a viable business opportunity in your own words; Discuss the influence of cognitive biases or heuristics on the evaluation of business opportunities; Analyse the criteria used to evaluate new venture propositions; Discuss opportunity assessment and screening; Evaluate a business opportunity; Develop an idea-screening guide.What is planned obsolescence?What are the four qualities of viable business opportunities? Explain each one of them.
- Assume you are the newly recruited Business Development Executive for a leading plant nursery retailer. The management of the company has employed you as a Business Development Executive to undertake primary research on the following areas and present the research findings to the Board of Directors within the next two months. Expected areas to be covered in your research study are as follows: The characteristics of adopters and potential adopters of individuals who engage themselves into houseplant and gardening for example, attitude, personality, motivation, perceptions and their culture.List and explain the risks that are associated with investments in small business innovations.How do organization's create and maintain a strategic advantage in a rapidly changing business environment?