Business 402 | Operations Management homework help

“Entrepreneurs and Small Business” Please respond to the following:

Reflect on the contributions to society of small businesses and consider two (2) benefits and drawbacks of small business ownership. Next, address the question, “Should employees be encouraged to follow the path of entrepreneurship?” Justify your response.

Consider small business’s social responsibility to employees, customers, investors, the community, and the environment. As a small business owner, discuss what you would do to meet the ethical and social responsibility goals in your company. Provide specific examples to support your response.

“Innovation and Strategic Management” Please respond to the following:

Discuss the importance of innovation in the survival and success of a business. Next, suggest three (3) strategies that you, as an entrepreneur, can use to encourage creativity and innovation in your small business. Provide support for your response.

Analyze a current or former company for which you have worked, and without revealing the name of the organization, identify one (1) step in the strategic planning process that could use more attention in this business. Explain your rationale.

“Ownership and Franchising” Please respond to the following:

Two friends are considering launching a small company, which they believe has potential to grow into a large firm in the future. Identify three (3) important factors they should take into consideration when selecting a form of ownership. Next, recommend one (1) form of ownership you believe will best serve the organization now and in the future. Justify your response.

Identify two (2) key criteria you would use to evaluate different franchise opportunities then select a franchise using the following websites: www.franchisegator.com or www.worldfranchising.com. Next, discuss the benefits and limitations of this particular franchise.

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