You are required to submit a research proposal that examines the following question: a key aspect of entrepreneurship is business planning. It is considered a vital component for the success of new businesses. It is certainly a lengthy, difficult and time consuming exercise for entrepreneurs. however it is also commonly argued that ‘the plan is not the business.’ how can this be reconciled, if at all, with Arthur rock (a famous leading venture capitalist) who said, ‘strategy is easy, but tactics is hard.’ examine and reflect on this seeming paradox. What are the implications for entrepreneurs? Your analysis needs to take into consideration the hyper competitive environment that business ventures today face.

Requirements

You are required to support your discussion with theory and wherever possible illustrate their observations with real-world examples.

Answer rating: 100% (QA)

Strategy and tactics Literature review The concept of policy or strategy has evolved significantly in the past decades in the past twenty five years Businesses and individuals alike have gained insigh... View the full answer