Introduction to Business
OER 2018 Edition
ISBN: 9781947172548
Author: OpenStax
Publisher: OpenStax College
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Textbook Question
Chapter 5.4, Problem 2CC
Why is it important to develop a business plan? What should such a plan include?
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Create an expanded outline for InnovateTech an AI powered healthcare platform to the North American market. Use the bold headings listed below as organizational headers for the main sections of the policy manual. Outline three to five short, relevant commentary sentences supported by any necessary citations. This is an opportunity to organize your ideas for your company and to integrate citations from required sources.
Strategy Formation
Description of InnovateTech.
Example: Comment 1 (citation, if needed).
Example: Comment 2 (citation, if needed).
Example: Comment 3 (citation, if needed).
Value chain analysis of InnovateTech.
Description of the strategic initiative (goals to be achieved).
Strategy Execution–Policies
Potential for process re-engineering to achieve the goal more efficiently.
Resource allocation policies to support the initiative’s implementation.
Human resource management policies to support the initiative’s implementation.
Human resource policies to empower…
Create an expanded outline for InnovateTech an AI powered healthcare platform to the North American market. Use the bold headings listed below as organizational headers for the main sections of the policy manual. Outline three to five short, relevant commentary sentences supported by any necessary citations. This is an opportunity to organize your ideas for your company and to integrate citations from required sources.
Strategy Formation
Description of InnovateTech.
Example: Comment 1 (citation, if needed).
Example: Comment 2 (citation, if needed).
Example: Comment 3 (citation, if needed).
Value chain analysis of InnovateTech.
Description of the strategic initiative (goals to be achieved).
Strategy Execution–Policies
Potential for process re-engineering to achieve the goal more efficiently.
Resource allocation policies to support the initiative’s implementation.
Human resource management policies to support the initiative’s implementation.
Human resource policies to empower…
general accounting
Chapter 5 Solutions
Introduction to Business
Ch. 5.1 - Describe several types of entrepreneurs.Ch. 5.1 - What differentiates an entrepreneur from a...Ch. 5.1 - What are some major factors that motivate...Ch. 5.2 - Describe the personality traits and skills...Ch. 5.2 - What does it mean when we say that an entrepreneur...Ch. 5.3 - What are three ways small businesses can be...Ch. 5.3 - What social and economic factors have prompted the...Ch. 5.4 - How can potential business owners find new...Ch. 5.4 - Why is it important to develop a business plan?...Ch. 5.4 - What financing options do small-business owners...
Ch. 5.5 - How does the small-business owner's role change...Ch. 5.5 - How does managing a small business contribute to...Ch. 5.5 - What are the benefits to small firms of doing...Ch. 5.6 - Why are small businesses becoming so popular?Ch. 5.6 - Discuss the major advantages and disadvantages of...Ch. 5.7 - What is the Small Business Administration (SBA)?Ch. 5.7 - Describe the financial and management assistance...Ch. 5.8 - What significant trends are occurring in the...Ch. 5.8 - How is entrepreneurial diversity impacting small...Ch. 5.8 - How do ethics impact decision-making with...Ch. 5 - As the owner of a small factory that makes plastic...Ch. 5 - What characteristic made Vic Ahmed a successful...Ch. 5 - How did their Ahmed and Steven Case's partnership...Ch. 5 - Is focusing on smaller cities rather than areas...
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