3940 Need just answer no explanation needed please give answer of both parts in 15 minutes. i promise i will rate positive if you give both answers perfect.

39 What is developed during the operational planning stage of the entrepreneurial process? Succession plans Disaster recovery plans Change management model Marketing strategy How can the creation of a formal business plan increase the probability of success? It encourages entrepreneurs to move swiftly and instinctively in making business decisions It forces the entrepreneur to research and plan for all phases of a venture before rollout. It permits entrepreneurs to guarantee returns to initial investors It protects new ventures from the most significant legal and tax liabilities