Understanding Business
Understanding Business
11th Edition
ISBN: 9780078023163
Author: William G Nickels, James McHugh, Susan McHugh
Publisher: McGraw-Hill Education
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Chapter 7, Problem 1DWS
Summary Introduction

To discuss: The career planning with a SWOT analysis.

Introduction: SWOT analysis identifies a company’s competitive position, by measuring strengths, weaknesses, opportunities and threats of the company.

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1- Entrepreneurs must set goals that are  Specific, Masked, Actionable, Reasonable, Tacy Specific, Masked, Actionable, Reasonable, Time bound Special, Metered, Actionable, Reasonable, Timely Specific, Measurable, Actionable, Relevant, Time-bound   2- According to Mark Cuban, the #1 reason why entrepreneurs fail is Lack of money, lack of energy Lack of brain, lack of hard work Lack of family and professional connections Lack of good idea   3- Starting a new business guarantees freedom True False   4- Who is an intrapreneur? People who are responsible for internal activity in an entrepreneurial venture people who independantly set up big organizations people who take up entrepreneurial activity as part of a bigger organization   5- Successful entrepreneurs have following qualities They are highly emotional None of the above They care too much for self-respect They are very creative
Conduct a personal analysis of yourself and an analysis of current situation. What are your strengths and weaknesses? What external opportunities or threats might affect any plans you might make? It should include a complete analysis of your current situation. Your discussion should focus on the following important points:a. Identify your three strongest soft skills (These must be the skills which you have practiced and developed in college). Show with evidence how you have developed these skills.b. Discuss about the experience in college and the current sources available to you to improve your soft skills.
compose one paragraph to the question: Is it appropriate to exaggerate within your business plan (the idea, numbers, plans)? Be sure to support your arguments and cite your sources.
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