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.

Developing a Sustainable Small Business

Now it is time to pull together all the elements that have been presented in the course material throughout the term. Next, go back and review the weekly discussions we had.

You will then write a 3–5 page paper in which you use this new knowledge and proven strategies to respond to the five statements below.

  1. Discuss the necessity of short-term and long-term forecasting for developing the key elements of the business plan.
  2. Evaluate the importance of developing formal and informal networks when building new business opportunities and expanding into new markets.
  3. Discuss the importance of knowledge management in the digital age and identify two risks organizations must address to mitigate competitive pressures.
  4. 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.
  5. Describe how technology could help overcome identified business plan challenges.

Locate and integrate at least two supporting sources from the Strayer Online Library or other reputable sources.

This course requires use of new Strayer Writing Standards (SWS). The format is different than other Strayer University courses. Please take a moment to review the SWS documentation for details.

The specific course learning outcome associated with this assignment is:

  • Evaluate the components of a business plan related to forecasting, networking, and knowledge management.

Dr. Vic’s TIPS: 

Assignment 3:

Developing a Sustainable Small Business (Due Week 9 and worth 240 points).

Read the case study titled “Pre-Launch decisions which influence innovation success” found in Chapter 7 of your textbook.

Dr. Vic: PLEASE NOTE: the case study is NOT IN OUR BOOK, it is actually in the 2ndedition of this textbook, we use the 3rd ed.

So, I have located the case study and attached a pdf to this announcement which includes the case study.

Please read the entire 7-page pdf. in order to complete this assignment.

Dr. Vic: Also, please read the entirety of Ch. 8 – Building the Case (I know our assignment says Ch. 7, BUT please read Ch. 8).

You will then write a four to five (4-5) page paper in which the following items are addressed.

Dr. Vic: Pdf: Pre-Launch decisions which influence innovation success CLICK HERE —–>>>>> 
Week_9_A_Welcome_Assignment3_CaseStudy.pdf

  1. Discuss the necessity of short-term and long-term forecasting for developing the key elements of the business plan. (Ch. 8)
  2. Evaluate the importance of developing formal and informal networks when building new business opportunities and expanding into new markets. (Ch. 10)
  3. Discuss the importance of knowledge management in the digital age and identify two (2) risk organizations must address to mitigate competitive pressures. (Ch. 15)
  4. Consider the various components of a business plan and identify two (2) components that you believe would be the most challenging for you to complete as an aspiring entrepreneur. Next, discuss what could be done to help you overcome this challenge using technology. (Ch. 8)
  5. Describe how technology could help overcome identified business plan challenges.

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