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What is competitive intelligence

Assignment Help Operation Management
Reference no: EM132098841

Develop a Business Plan

Part 1. Answer the following questions, within 100 words minimum

Chapter 4

Standard and Disruptive Business Models

1. What is a standard business model and what is a disruptive business model?

2. Which of these models would you pattern your own small business on? Why?

The Components of a Business model

3. Explain the components of a business model.

4. Which of these components is the most important for entrepreneurs to develop a business model for their firm?

Chapter 5

Competitive intelligence

5. What is competitive intelligence

6. why is it important for entrepreneurial firms to understand competitive intelligence and possibly use it to gain competitive advantage in the market?

Porter's Five Forces Model

7. Why would it be important for an aspiring small business owner to understand Porter's Five Forces Model?

Chapter 6

Historical financial statements and pro forma financial.

8. What are the differences between historical financial statements and pro forma financial statements? Business Plans

9. Explain the purpose of a business plan and the guidelines used to write an effective business plan. Live Plan Software Tour for Financial Management

10. How can you use the Live Plan Software for your own small business?

art 2: Business Plan Financial Analysis

Resource: The Barringer/Ireland Business Model Template in Ch. 4 of Entrepreneurship

Research three venture capitalist firms or banks (either on the Internet or in person).

Analyze their requirements for obtaining funding in comparison to using the Barringer/Ireland Business Model template.

Evaluate the pros and cons of completing a competitive analysis (using a competitive grid).

Discuss key components of a business plan that you will want to highlight when trying to obtain capital for a new start up.

Create a 15- to 20-slide visual presentation with speaker notesin which you exhibit your research and provide a final assessment of your results.

Reference no: EM132098841

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