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A business plan is a formal written document containing the goals of a business, the methods for attaining those goals, and the time-frame for the achievement of the goals. It also describes the nature of the business, background information on the organization , the organization's financial projections, and the strategies it intends to ...
In contrast to business plan-driven traditional management concepts, venture marketing is iterative and experimental, operating on short recurring cycles of implementation and adaptation. [1] Venture management techniques apply equally well to venture capital -funded firms, self-financed firms, and business entities that are managed with a ...
Business management – management of a business – includes all aspects of overseeing and supervising business operations. Management is the act of allocating resources to accomplish desired goals and objectives efficiently and effectively; it comprises planning, organizing, staffing, leading or directing, and controlling an organization (a ...
Tapered integration is a term from organization theory that refers to a mix of vertical integration and market exchange. [1] Upstream, a producer might manufacture some of the input itself and buy the remaining portion from independent firms.
A startup or start-up is a company or project undertaken by an entrepreneur to seek, develop, and validate a scalable business model. [1] [2] While entrepreneurship includes all new businesses including self-employment and businesses that do not intend to go public, startups are new businesses that intend to grow large beyond the solo-founder. [3]
Software entrepreneurship has a different set of developing strategies than other business start-ups. The development of software, a digital "soft" good, involves different business models, product strategy, people management, and development plan compared to the traditional manufacturing and service industries. For example in the software ...
The business model canvas is a strategic management template used for developing new business models and documenting existing ones. [2] [3] It offers a visual chart with elements describing a firm's or product's value proposition, [4] infrastructure, customers, and finances, [1] assisting businesses to align their activities by illustrating potential trade-offs.
Spigel [13] suggests that ecosystems require cultural attributes (a culture of entrepreneurship and histories of successful entrepreneurship), social attributes that are accessed through social ties (worker talent, investment capital, social networks, and entrepreneurial mentors) and material attributes grounded in a specific places (government ...