Use the Start-Up Process Model to Compare and Contrast an Entrepreneur

question 6

Essay

Use the start-up process model to compare and contrast an entrepreneur and a small business manager.

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Definitions:

Cross-functional Teams

Groups composed of members from different departments or areas of expertise, working together towards a common objective.

Functional Expertise

Specialized knowledge and skills in a specific area of operation within an organization.

Divisional Focus

A strategic approach where an organization is structured into semi-autonomous units, each concentrating on a specific aspect of the business.

Work Process

A related group of tasks that together create value for the customer.