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Author Question: All firms need an organization to efficiently implement their business plans and strategies. ... (Read 216 times)

appyboo

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on: Jul 7, 2018
All firms need an organization to efficiently implement their business plans and strategies.
 
  Indicate whether the statement is true or false

Question 2

Why is the management team such an important element of a business model?
 
  What will be an ideal response?


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brittiany.barnes

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Reply #1 on: Jul 7, 2018
Answer to Question 1

TRUE

Answer to Question 2

A strong management team gives a model instant credibility to outside investors, immediate market-specific knowledge, and experience in implementing business plans. A strong management team may not be able to salvage a weak business model, but the team should be able to change the model and redefine the business as it becomes necessary.


appyboo

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Reply #2 on: Jul 7, 2018
Correct answers!


brittiany.barnes

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Reply #3 on: Jul 7, 2018
Great! Please up vote :D


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