Responses needed
anesa1
Need a 200 words minimum response for each with reference by Thursday.
Text: Preparing Effective Business Plans, Ch. 5
#1
In developing a business plan, we must consider the eight key elements of a business plan. These eight key elements are 1) Executive Summary, 2) Market analysis, 3) Company Description, 4) Organization and Management, 5) Marketing and sales strategies, 6) Services/Product line, 7) Funding needs, and 8) Financials. A good business plan is a living document that must be reviewed as the business evolves and the environment changes.
How frequently should a business plan be reviewed, explain why?
#2
What is an industry? Why is it important to include an “industry analysis” in a business plan?
#3
Why is it important that the industry analysis focus strictly on a firm’s industry rather than its industry and its target market simultaneously?
#4
What are the four general rules of thumb for completing the industry size, growth, and sales projections portion of the industry analysis?
#5
What topic should be discussed in the “industry structure” portion of an industry analysis? Why are these topics important?
#6
Why is the industry trends portion of the industry analysis arguably the most important section of the analysis?
Text: Preparing Effective Business Plans, Ch. 6
#7
Why is estimating the size of a target market referred to as a “tricky” proposition?
#8
Explain the purpose of a competitor analysis.
#9
Explain why it’s important to collect competitive intelligence, and describe some of the techniques that are used to collect it.
- 6 years ago
- 90
Purchase the answer to view it
- BUSINESSFINANCErevised.doc
Purchase the answer to view it