Nature and significance of business plan


Answer the following questions.

Question 1) How the concept of entrepreneurship was evolved from the preceding stages of development?

Question 2) How entrepreneurship is significant for the development of Pakistan? Describe with the help of suitable examples?

Question 3) Organizations large or small, always wish to expand businesses and enter into the international market. However there exist some barriers which restrict the global expansion. Describe these limitations in detail.

Question 4) Describe different methods through which the organization generates ideas for new ventures.

Question 5) Describe the nature and significance of business plan for, lenders, employees and customers.

Question 6) Due to pervasive influence of IT, organizations now have various software packages to assist operations of various functional areas. Enlist different software packages which can be used for preparing financial statements.   

Question 7) What are the various options available to a firm to generate finances for new ventures? Describe in detail.

Question 8) How the entrepreneur asses the first mover advantage? Also highlight the process to determine first mover disadvantage.   

Question 9) What are the key strategies which are helpful to manage the business growth?   

Question 10) Bankruptcy is the most undesirable stage for any entrepreneur. But entrepreneurs can turn bankruptcy into a successful business. How? Describe with examples.

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