Discussion: "Growth, Change, And Having A Plan B"
• looking back over what happened in the social media market and knowing what we know about Facebook, propose what MySpace management could have done differently to overtake the competition with Facebook. Determine the mistakes that MySpace management may have made.
• Planning for exit might be the most important thing an entrepreneur can do. Without an exit strategy, the entrepreneur may have no retirement option or no way to get his or her investment out of the business. Suggest at least three methods for an entrepreneur to exit and analyze the difficulties of implementing them.
• Using a business idea that you might consider for your own business, determine some key risks that would threaten your business plan. Propose a method to mitigate each key risk.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.