All firms need an organization to efficiently implement their ...

[appyboo]

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?

[brittiany.barnes]

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]

Correct answers!

[brittiany.barnes]

Great! Please up vote