Problem: Consider the following scenario:
You have decided that you would like to formally start an entrepreneurial business. To ensure the success of your business, you will produce a business plan. The plan will assess, compare and contrast alternative schools of thought, cultural and political differences which impact the application of management activities within the broad notion of entrepreneurship. The plan that you submit should contain at least the following components:
- Business description
- Definition of the market
- Description of proposed products or services
- Organization and management descriptions
- Marketing strategy
- Financial management