Evaluate how networking can mitigate the issues

Question

Assignment: Innovation and Small Business

Write a four to five (4-5) page paper in which the following are addressed:

1. Evaluate how networking can mitigate the issues small-business owners face regarding isolation so they can become more innovative.

2. Discuss the main differences that managers face in a service firm when compared to a manufacturing firm.

3. Identify a service business and a manufacturing business you are familiar with, and discuss how each type of business adds value to the service and the product that is offered.

4. Consider the various components of a business plan and identify two (2) that you think would be the most challenging for you to complete as an aspiring entrepreneur. Discuss what you could do to help you overcome the challenge using technology.

5. Use at least two (2) external sources.

Answer 1

Read all the guidelines and as per instructions answer the following questions regarding Innovation and Small Business. In around 4 to 5 pages address the following: 1) Assess how networking can mitigate the issues small-business owners face concerning isolation so they can become more pioneering. 2) Describe the major differences which managers face in a service firm whenever compared to manufacturing firm. 3) Recognize a service business and a manufacturing business you are well-known with and describe how each kind of business adds value to the service and the product which is offered. 4) Consider the different components of a business plan and recognize 2 that you think would be the most challenging for you to complete as an aspirant entrepreneur. Describe what you could do to assist you overcome the challenge employing technology.