Homework: Developing a Sustainable Small Business
Read the case study titled "Pre-Launch Decisions Which Influence Innovation Success".
You will then write a 4 to 5 pages paper in which the following items are addressed.
• Discuss the necessity of short-term and long-term forecasting for developing the key elements of the business plan.
• Evaluate the importance of developing formal and informal networks when building new business opportunities and expanding into new markets.
• Discuss the importance of knowledge management in the digital age and identify two risks organizations must address to mitigate competitive pressures.
• Consider the various components of a business plan and identify two components that you believe would be the most challenging for you as an aspiring entrepreneur.
• Describe how technology could help overcome identified business plan challenges.
Format your homework according to the give formatting requirements:
• The answer must be using Times New Roman font (size 12), double spaced, typed, with one-inch margins on all sides.
• The response also includes a cover page containing the student's name, the title of the homework, the course title, and the date. The cover page is not included in the required page length.
• Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.
The specific course learning outcome associated with this homework is:
o Evaluate the components of a business plan related to forecasting, networking, and knowledge management.