Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You decide to set up a business during MCO. What are the factors you need to consider and how do you decide if it is

You decide to set up a business during MCO. What are the factors you need to consider and how do you decide if it is going to be feasible? a) Choose any management model that you will use as a framework for your data collection (20 marks) - SWOT - Environment - Internal - Manpower, Machinery, Money, Methods, Material - External - Micro - Competitors, Suppliers, Substitutes, Customers, System - Macro - Political, Economic, Sociocultural, Technology, others - Marketing Ps - Systems Thinking - Porter's Value Chain - Six Sigma etc NOTE : State all assumption - ie type of business - bakery? retail clothes, shoes, cleaning supplies, etc? tuition?

Texted answers only no photos

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Property Management

Authors: Mr. Aaron Felix Villaver Paril, Mr. Ariel Reyes Sudario

1st Edition

9798652748937

More Books

Students also viewed these General Management questions

Question

6. Talk among students, such as giving help or socializing

Answered: 1 week ago

Question

Define indirect financial compensation (employee benefits).

Answered: 1 week ago

Question

Describe the selection decision.

Answered: 1 week ago