Module 2 p1

Question 1

Included also in the blueprint are the ________ to use to put the business model into a business plan for it to be

Answer 1

Strategies
Tested and launched

Question 2

A business model is a ______________ and processes that supports the feasibility and sustainability of a business, and explains how it operates, makes money, and how it plans to achieve its goals.

Answer 2

conceptual framework

Question 3

How to ensure that a business continues to perform well:

Answer 3

Preventive care
Early diagnosis
Cure

Question 3

Three parts of a theory of the business (according to Peter Drucker):

Answer 3

the environment of the organization: society and its structure, the market, the customer, and technology.

specific mission of the organization.

core competencies needed to accomplish the organization’s mission

Question 3

A business model ____________ of how an organization creates, delivers, and captures value.

Answer 3

describes the rationale

Question 4

Preventive care

Answer 4

Care for abandonment
Study the noncustomers

Question 5

Would be business owners should ask these questions:

Answer 5

What is our mission?
Who is our customer?
What does the customer value?
What are our results?
What is our plan?