BUS 363 Week 10 Assignment 5 Innovation and Small Business NEW

Assignment 5: Innovation and Small Business
Due Week 10 and worth 220 points

Write a four to five (4-5) page paper in which the following are addressed:

1. Evaluate how networking can mitigate the issues small-business owners face regarding isolation so they can become more innovative.
2. Discuss the main differences that managers face in a service firm when compared to a manufacturing firm.
3. Identify a service business and a manufacturing business you are familiar with, and discuss how each type of business adds value to the service and the product that is offered.
4. Consider the various components of a business plan and identify two (2) that you think would be the most challenging for you to complete as an aspiring entrepreneur. Discuss what you could do to help you overcome the challenge using technology.
5. Use at least two (2) external sources.

Your assignment must follow these formatting requirements:
• Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
• Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

The specific course learning outcomes associated with this assignment are:
• Analyze how technology is used for innovation.
• Use technology and information resources to research issues in innovation and entrepreneurship.
• Write clearly and concisely about innovation and entrepreneurship using proper writing mechanics.