Get premium membership and access questions with answers, video lessons as well as revision papers.
Six factors to consider when developing an effective business succession strategy.
- The nature and size of the business.
- The financial plans of the business.
- The business risk model and strategies.
- The marketing and research of the products of the enterprise.
- The legal requirements in respect to the growth and stability of the business.
- The possible competition of the market and other forms of franchising business available.
- The cost of succession of the business.
marto answered the question on January 30, 2019 at 08:30
- Argue the case for and against the following business succession strategies i. Early entry strategy ii. Delayed entry strategy.(Solved)
Argue the case for and against the following business succession strategies i. Early entry strategy ii. Delayed entry strategy.
Date posted: January 30, 2019. Answers (1)
- Discuss four factors that are critical in the success of a partnership in entrepreneurship.(Solved)
Discuss four factors that are critical in the success of a partnership in entrepreneurship.
Date posted: January 30, 2019. Answers (1)
- Entrepreneurial success depends on opportunity recognition. Outline six ways which an entrepreneur can use to identify a business opportunity.(Solved)
Entrepreneurial success depends on opportunity recognition. Outline six ways which an entrepreneur can use to identify a business opportunity.
Date posted: January 30, 2019. Answers (1)
- Citing relevant examples, describe six types of business incubators who nurture young entrepreneurs.(Solved)
Citing relevant examples, describe six types of business incubators who nurture young entrepreneurs.
Date posted: January 30, 2019. Answers (1)
- Highlight six features of a good business name (Solved)
Highlight six features of a good business name
Date posted: January 30, 2019. Answers (1)
- Explain the term “nascent entrepreneur"(Solved)
Explain the term “nascent entrepreneur"
Date posted: January 30, 2019. Answers (1)
- Suggest eight ways of creating an environment suitable for the nourishing of creativity in an enterprise.(Solved)
Suggest eight ways of creating an environment suitable for the nourishing of creativity in an enterprise.
Date posted: January 30, 2019. Answers (1)
- In relation to entrepreneurship, explain the following terms:
i) Window of opportunity
ii) Forced associations
iii) Civic entrepreneurship (Solved)
In relation to entrepreneurship, explain the following terms:
i) Window of opportunity
ii) Forced associations
iii) Civic entrepreneurship
Date posted: January 30, 2019. Answers (1)
- Outline four limitations of focus group discussions.(Solved)
Outline four limitations of focus group discussions.
Date posted: January 30, 2019. Answers (1)
- Discuss four strategies that an entrepreneur might use to minimize patent risks.(Solved)
Discuss four strategies that an entrepreneur might use to minimize patent risks.
Date posted: January 30, 2019. Answers (1)
- Distinguish between “Utility patents” and Design patents” .(Solved)
Distinguish between “Utility patents” and Design patents” .
Date posted: January 30, 2019. Answers (1)
- Citing relevant examples, highlight four business opportunities that entrepreneurs could exploit arising from 2010 FIFA world cup to be held in South Africa.
(Solved)
Citing relevant examples, highlight four business opportunities that entrepreneurs could exploit arising from 2010 FIFA world cup to be held in South Africa.
Date posted: January 30, 2019. Answers (1)
- Identify six challenges faced by entrepreneurs .(Solved)
Identify six challenges faced by entrepreneurs.
Date posted: January 30, 2019. Answers (1)
- Outline six sources of finance for a new business venture.(Solved)
Outline six sources of finance for a new business venture
Date posted: January 30, 2019. Answers (1)
- Explain the meaning of the term “entrepreneur” (Solved)
Explain the meaning of the term “entrepreneur”
Date posted: January 30, 2019. Answers (1)
- Illustrate five strategies that an entrepreneur could adopt in order to survive bankruptcy .(Solved)
Illustrate five strategies that an entrepreneur could adopt in order to survive bankruptcy.
Date posted: January 30, 2019. Answers (1)
- Explain ten warning signs that would indicate the possibility of an entrepreneur becoming bankrupt (Solved)
Explain ten warning signs that would indicate the possibility of an entrepreneur becoming bankrupt
Date posted: January 29, 2019. Answers (1)
- Explain five myths on entrepreneurship (Solved)
Explain five myths on entrepreneurship
Date posted: January 29, 2019. Answers (1)
- Entrepreneurs are faced with challenges of cultural diversity in their businesses. Discuss four ways that could be used to overcome challenges of cultural diversity in...(Solved)
Entrepreneurs are faced with challenges of cultural diversity in their businesses. Discuss four ways that could be used to overcome challenges of cultural diversity in business.
Date posted: January 29, 2019. Answers (1)
- Explain the characteristics of the entrepreneurial mobility that cut across the location and occupations(Solved)
Explain the characteristics of the entrepreneurial mobility that cut across the location and occupations.
Date posted: November 26, 2018. Answers (1)