Why do you believe articulating a clear mission and having a well-written business plan are particularly important to a social enterprise?
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What are the 4 M’s of a Mission advocated by the Harvard I-lab video and PDF on SE business plans?
Why do you believe articulating a clear mission and having a well-written business plan are particularly important to a social enterprise?
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- What is a business model? What is the purpose of the business plan? Explain examples of successful business models.What are the two types of business plans? In what situation(s) would you use each type of plan?If you have your own business, how would you consider that your business is in good direction towards your goals and objectives. Cite a dramatic scenario that will describe the word good direction.
- Identify a particular type of business you may wish to start. You are required to:1. Develop a written mission statement for that business2. Construct a set of goals for the business3. From the set of goals developed in (2) above, formulate specific verifiable objectives4. Devise a statement of social responsibility (CSR) for the business5. Discuss two strategies that you intend to adopt to grow the businessWhy a Business Plan is Important?How will you set the goals of establishing your business with the help of different steps in Goal Setting
- Which factor of the four following factors do you believe is most important to include in a great business plan? Why do you believe this factor is of such importance and what makes it more important than the other factors, in your opinion? people, profile of business, business context, and risks & rewardsExplain why it is important to factor in risks & rewards to your business plan.How do Mary Schaefer's, Paul Rice's and Jeffrey Hollender's suggestions support socially sustainable businesses? How are they important when considering the social side of sustainability?
- In creating business plan, which is the more important– form ir substance?What is a business model, and its importance? Highlight the difference between standard and disruptive business models. Examples of the standard and disruptive business models must be included. You may choose to focus either on the Barringer/Ireland Business model template or the Business model Canvas (popularized by Alexander Osterwalder).With the aid of practical examples from an identified start-up, identify and explain 4 major differences between a business model and a business plan.