A competitor analysis should be included in the ________ section ...

[lunatika]

A competitor analysis should be included in the ________ section of a business plan.
 
  A) market analysis
  B) industry analysis
  C) company description
  D) management team and company structure
  E) operations plan

Question 2

Describe the Barringer/Ireland Business Model Template and discuss its purpose.
 
  What will be an ideal response?

[peter]

Answer to Question 1

A

Answer to Question 2

The Barringer/Ireland Business Model Template is a visual template that lays out the four major categories and 12 individual parts of a firm's business model. The job of the entrepreneur, or team of entrepreneurs, is to configure their firm's business model in a manner that produces a viable and exciting business. The Barringer/Ireland Business Model template is a tool that allows an entrepreneur to describe, project, revise, and pivot a business model until all 12 parts are decided upon. The 12 parts are spread out, which provides space for ideas to be recorded, scratched out, and recorded again as ideas morph and change. The four major categories and 12 individual parts are: Core Strategy (business mission, basis of differentiation, target market, and product/market scope), Resources (core competency and key assets), Financials (revenue streams, cost structure, and financing/funding), and Operations (product or service production, channels, and key partners).

[lunatika]

Thank you

[peter]

No problemo