Business Finance Homework Help
Marketing Founding a Company Questions
Name:
– What is your mission?
– What goals can help you achieve your mission?
– What are some internal factors that will help you reach your goals? (Strengths)
– What are some internal factors that could get in the way of reaching your goals? (Weaknesses)
– What are some external factors that could help you reach your goals? (Opportunities)
– What are some external factors that could get in the way of reaching your goals? (Threats)
– How do the internal and external factors help you shape your strategy to achieve your goals?
– What tactics can you implement to help you follow your strategy?
– How will you measure your performance? Another way to consider this questions is to think about how you know if you’re on the right track.
Congratulations! You and 2-4 other people (you pick) have founded a company.
– What does your company do?
– What is the mission of your company?
– What goals do you have for your company in the first year of operation? How do those goals help you achieve your mission?
– What internal factors will help you be successful? What internal factors will you need to improve?
– What are some external factors your team will need to consider? Which ones will help you and which ones could hurt your business?
– What is your team’s strategy to reach your goals for year 1? Teams should factor in both internal and external environments.
– What things can you do in the first two months to help you stay on track to follow your strategy?
– How will you know if your team is successful? What measurables will you look at?
– How do you expect the internal and external environment to adjust based on your business? Will any change occur?