Managing and Growing an Entrepreneur Firm
Part 1. Answer the following questions, within 100 words minimum
Chapter 11
4P's of Marketing
1. Explain how you and your small business venture would use the 4P's of marketing to put the word out on your business, product, or service.?
Identifying Customers
2. What are the three steps entrepreneurial firms use to identify their customers?
3. what can a small business do to specifically implement these steps?
Chapter 13
Quality Control Challenges
4. One of the most difficult challenges involved with rapid growth is quality control. Why is this so?
Firms Pursuing growth
5. What would be the most common reasons firms pursue growth?
Chapter 14
Joint Ventures
6. What are joint ventures and can small businesses enter into joint ventures?
7. Explain, How so?
Growth strategies
8. What are internal growth strategies and what are external growth strategies?
9. is one more important for small businesses than the other? Explain Why?
Part 2: Signature Assignment: Entrepreneurship Funding Request
About Your Signature Assignment
Signature/Benchmark Assignments are designed to align with specific program student learning outcome(s) in your program.
Program Student Learning Outcomes are broad statements that describe what students should know and be able to do upon completion of their degree.
Signature/Benchmark Assignments are graded with a grading guide or an automated rubric that allows the University to collect data that can be aggregated across a location or college/school and used for course/program improvements.
Prepare an 18- to 22-slide visual presentation with speaker notesor a professional looking video requesting initial funding of $5,000-$500,000 to start and run a start-up company or a new project within an existing firm.
The proposed start-up company could be a new idea, an existing business model, or a new business within an existing firm.
(The Business name is Team Power Electric and is an electrical contractor)
Create the presentation or video with at least one slide to cover each area:
• Include a title page.
• Analyze the proposed entrepreneurial firm.
• Develop a feasibility analysis for the product or service.
• Create an effective business plan that is justified by using competitor analyses and competitive analysis grids.
• Describe and respond to three issues that new entrepreneurial firms face as a start-up.
• Identify and analyze new customers using the three steps.
• Explain how the firm will pursue growth.
• Create the strategy for internal growth.
• Compose a well thought out conclusion.
• Showcase all academic and business references.