BUS402 Discussion Questions - 77867

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  • From: Business, Business
  • Due on: Sat 10 Oct, 2015 (09:42pm)
  • Asked on: Wed 07 Oct, 2015
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Entrepreneurs

Please respond to the following:

•Inc. magazine claims, “Entrepreneurship is more mundane than it is sometimes portrayed . . . you don't need to be a person of mythical proportions to be very, very successful in building a company.” Discuss whether you agree or disagree with this statement and why.

•Analyze the characteristics of a successful entrepreneur and determine if you have what it takes to start your own business. Provide specific examples to support your response.

 

Strategic Management

Please respond to the following:

•Analyze the steps involved in developing a strategic plan for a company and determine which step is the most difficult to get right. Explain your rationale.

•From the e-Activity, determine how you would leverage the support provided by the U.S. Small Business Administration in planning and starting your own business. Provide specific examples to support your response.

Choosing a Form of Ownership

Please respond to the following:

•From the e-Activity, describe the most appropriate form of ownership for your new franchise based on your current financial situation. Provide specific examples to support your response.

•Assume the form of your new business will be a partnership (if you have not already done so). Discuss the types of conflicts that may arise and how you could prevent them from arising in the first place.

 

Franchising and the Entrepreneur

Please respond to the following:

•Based on the case study (“Firehouse Subs”), determine which of the three options executives are considering would be most beneficial to a single franchise owner. Explain your rationale.

•From the e-Activity, discuss the advantages and disadvantages of being a franchisee of the franchise you selected. Provide specific examples to support your response.

Buying an Existing Business

Go to the World Franchising Directory located at http://www.worldfranchising.com. Select any of the hottest new franchises that interest you and go to their Websites. View the site and identify the information about the financial requirements that you, as the franchisee, would have to meet. Be prepared to discuss.

Please respond to the following:

•From the e-Activity, discuss the best possible method for determining the value of the business you selected. Explain your rationale.

•Create a strategy for negotiating the purchase of the business you selected in the e-Activity.

Feasibility Analyses and Business Plans

Please respond to the following:

•Develop an idea for a new business and conduct a feasibility analysis. Please be as creative as you like in the development of your idea (but as careful as you can be in your analysis of that idea).

•Analyze the steps involved in crafting a wining business plan and make at least one recommendation for improving the process. Explain your rationale for making the recommendation you did.

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