Chapter 13, Problem 8DQ

How will you set the goals of establishing your business with the help of different steps in Goal Setting

1. Could writing a conventional business plan ever cause more harm than good? Explain your answer?2. If you wanted some assistance in setting up and running a new business, you might look at business incubators as a solution. What kind of assistance would you consider the most valuable?3. Given the risks involved in starting any company, should an aspiring entrepreneur investigate all possible failure scenarios and develop action plans to avoid these potential outcomes? Explain your answer.4. How do autocratic, democratic, and laissez-faire leadership styles differ?5. Ethical considerations. Apart from meeting the company’s future talent needs, do managers have a personal ethical obligation to help their employees develop and advance in their careers? Explain your answer.6. What are the advantages and disadvantages of the unstructured organizational model?7. Suppose you are the marketing manager of the credit-card department of a financial institution. Your objective is to support the…

What are some of the main similarities and differences between for-profit and nonprofit ventures?   Give one specific example that highlights that difference from a nonprofit and for-profit organization of your choosing.

Create 150 questions like the following for a pastry shop: Do you have the financial capacity for this type of business? Do you have the raw materials available and nearby? Do you have qualified labor available? Is labor expensive? Do you have the technology you require available? Is it necessary to dedicate a lot of time and effort? Do you have skills to manage this type of business? Is the business idea innovative? Is it easy to sell the product? Are there government policies or franchises or subsidies for your product or activity?

Read the Enterprise Creation Lessons 2, 6, and 10—reading and videos Once you’ve read the material, answer the following questions in a Word document.  Compare the differences between an entrepreneur’s purpose, passion, and perseverance and why they each are important. Explain the purposes that a business plan has in the creation of a new venture. Describe at least five aspects to consider in determining the appropriate legal structure of a new venture.

Choose a challenge in starting a new business and how you may be able to address that challenge with a well-designed business plan. Challenge can be unique to either a start-up or on-going business or both.

What is a business model, and its importance? Highlight the difference between standard and disruptive business models. Examples of the standard and disruptive business models must be included. You may choose to focus either on the Barringer/Ireland Business model template or the Business model Canvas (popularized by Alexander Osterwalder).

How do Mary Schaefer's, Paul Rice's and Jeffrey Hollender's suggestions support socially sustainable businesses? How are they important when considering the social side of sustainability?

Writing a business plan is your map to how you are going to operate.  Regardless of whether you are interested in taking over an existing business or starting a new one; they both have challenges that you will need to overcome in order to succeed.  Discuss one of the challenges in starting a new business and how you may be able to address that challenge with a well-designed business plan.  Your challenge can be unique to either a start-up or on-going business or both.