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MGT 401 Complete Class - All DQs, Individual, Team Assignments,

MGT 401 Complete Class - All DQs, Individual, Team Assignments,

MGT 401
The Small Business Structure Planning and Funding

 

Strategic Management Process Paper

Business Plan Evaluation

Future Growth Paper

DQs

Business Model Comparison

Strategic Marketing Plan

Financial Plan

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MGT 401
The Small Business Structure Planning and Funding

 

Week 1:

Individual Assignment: Strategic Management Process Paper

 

Write a 700- to 1,050-word paper explaining steps of the strategic management process as it applies to your business or one you would like to start.

 

Week 2:

Team Assignment: Business Model Comparison

Identify an industry with which you are familiar, then choose two businesses in that industry.

Identify the business model and forms of ownership for each business, then complete the Comparison of Businesses Matrix.

Write a 700- to 1050-word paper in which the team evaluates and compares different components of each business’s model after completing each matrix.

Describe benefits associated with each business by evaluating how they built a sustainable competitive advantage.

Explain advantages and disadvantages of each business’s ownership

 

Week 3:

Business Plan Evaluation (Use the Business Pro Plan Module)

Evaluate the business plan submitted by an entrepreneur for investment and decide if you will invest in the business.

Write a 700- to 1,050-word paper in which you include the following:

 

Evaluate the plan’s overall writing.

Conduct a feasibility analysis of the idea presented in the plan.

Identify competencies the entrepreneur must have to be successful in building the business.

Make a recommendation if you plan to invest in the business.

 

Week 4:

Team Assignment: Strategic Marketing Plan (Use Business Plan Pro Module)

Discuss some ideas for a hypothetical e-commerce business. Each team member must suggest at least two different ideas.

Decide on one member’s idea.

Write a 1,050- to 1,400-word paper in which you explain the process your team may use to build a strategic marketing plan for the business.

Describe various pricing strategies appropriate for your business.

Assess pros and cons of each strategy.

Select one pricing strategy for your business.

Reference the Intelichild.com business plan for an example.

Format your paper according to APA standards.

Submit your Strategic Marketing Plan to the facilitator.

 

Week 5:

Individual Assignment: Future Growth Paper

 

Prepare a 700- to 1,050-word paper in which you use the business from your Strategic Marketing Plan.

Assess optional strategies you may use when the business goes global.

Describe strategies you would use to build a management team to ensure the business’s growth.

Identify possible challenges you would face when managing a growing business and possible strategies to overcome the challenges.

 

Team Assignment: Financial Plan

Discuss some possible ideas for a service business. Each team member must suggest at least two different ideas.

Decide on one member’s idea.

Prepare a 1,050- to 1,400-word paper in which you describe the process your team could use to prepare a basic financial plan for the business.

Identify cash flow management strategies that may be used in your business.

Explain why these strategies are best.

Evaluate different sources of funding for your business and select one.

Discuss why this source is most feasible.

Refer to the Adorable Pet Photo business plan for an example.

Submit your Financial Plan to the facilitator.

 

DIscussion Questions:

 

Week 1:


DQ 1

How is the strategic management process utilized at your business or one with which you are familiar? How successful is this process? What benefits did it bring?

 

DQ 2

Why is choosing the appropriate form of business ownership important for a business you want to start? What short- and long-term benefits are associated with each form?

 

Week 2:

 

DQ 1

Why is it important for an entrepreneur to develop a business plan? What key components must be included in a well-written business plan? Identify components you would include in a business plan for a start-up business. Do differences exist between business plans for start-up and existing businesses? If there are, what may be reasons for those differences?

 

DQ 2

How may an entrepreneur determine a business venture’s success? Explain components of conducting a feasibility analysis. What element do you feel is most important? Provide examples to support your rationale.

 

Week 3:

 

DQ 1

Why is it important for entrepreneurs to define and identify who their customers are?  What strategies do entrepreneurs use to determine customer needs and wants?

 

DQ 2

What benefits are associated with a business selling on the internet?  Discuss how the Internet and Web-based businesses have changed entrepreneurs’ strategies.  What advice would you offer to an entrepreneur thinking of starting an e-business?

 

DQ 3

Is the pricing strategy chosen by an entrepreneur important to the business’ image?  Provide an example to support your rationale.

 

Week 4:

 

DQ 1

Why might cash flow management be important to an entrepreneur?  What recommendations would you make to an entrepreneur who struggles with a cash management system?

 

DQ 2

What are some benefits and difficulties of the big three of cash management?  What techniques may an entrepreneur use to avoid a cash crisis?

 

DQ3

What are benefits and drawbacks of funding a business through a private investor?  What advice would you offer to an entrepreneur who uses a private investor for funding to avoid business problems?

 

Week 5:

 

DQ 1

How would you describe the difference between leadership and management? Describe effective behaviors you have seen leaders in your current or past business exhibit. What do you feel are a leader’s most important characteristics?

 

DQ 2

Is exporting products relatively simple? What mistakes do first-time exporters make? Outline steps an entrepreneur must take when developing a successful export program.

 

DQ 3

Provide an example of why it may be important for entrepreneurs to carefully hire workers. Are there examples where hiring the wrong employee caused a business to suffer? What steps may small business owners take to avoid making hiring mistakes?