Questions

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READ ME:  must include original questions (entire questions) with answers no special format... no ref really needed... must answer in your own words... 

answer must be 130  min -150 words max 

1.   We often hear people talk about the need of developing a business plan when you have an idea for a new startup business.  Do you agree with this statement?  Do we really need a business plan?  It is a brand new startup and we don't really have anything to put in the business plan, right?   Why or why not?

Thoughts?

2.   In the last few weeks, we discussed the need to nurture innovation and entrepreneurial culture in companies.  What about new products and services? Why is it important for an organization to continuously develop new products and/or services?

Thoughts?

3.   What factors influence the level and direction of innovation and entrepreneurship in the domestic market? Do these influential factors change in the context of international businesses?