Although strategy is a terminology commonly associated with large organisations, strategic decisions have been found to...

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Although strategy is a terminology commonly associated with large organisations, strategic decisions have been found to be just as a significant to the success of small enterprises as to the large corporate entities. In this regard, the main considerations in formulating small business strategies are likely to different from that of large organisations. You are therefore required to: a) Critically account for the key issues affecting a new venture strategy and measures likely to be adopted by entrepreneurs to overcome then in their strategy development (8 marks) b) Appraise the key causes of small business failure in Ghana and identify and assess FOUR critical consensus areas required for inclusion by SMEs in the development of a strategy for an existing business to ensure its survival. (7 marks) Although strategy is a terminology commonly associated with large organisations, strategic decisions have been found to be just as a significant to the success of small enterprises as to the large corporate entities. In this regard, the main considerations in formulating small business strategies are likely to different from that of large organisations. You are therefore required to: a) Critically account for the key issues affecting a new venture strategy and measures likely to be adopted by entrepreneurs to overcome then in their strategy development (8 marks) b) Appraise the key causes of small business failure in Ghana and identify and assess FOUR critical consensus areas required for inclusion by SMEs in the development of a strategy for an existing business to ensure its survival. (7 marks)

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a Key issues affecting a new venture strategy and measures likely to be adopted by entrepreneurs to overcome them in their strategy development 1 Lack ... View the full answer