Small Businesses and Entrepreneurial Ventures Activity 6

Please provide 4 page essay with reference page.

Part
A In terms of strategic management,
how does a new venture’s situation differ from that of an ongoing small
company?

Part
B How should a small company engage
in environmental scanning? To what
aspects of the environment should management pay most attention?

Part
C What considerations should
small-business entrepreneurs keep in mind when they are deciding whether a
company should follow a growth or a stability strategy?

Part
D How does being family-owned (as
compared to being publicly owned) affect a firm’s strategic management?

Part
E If the owner/manager of a small
company asked you for some advice concerning the introduction of strategic
planning, what would you tell her?

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