You are required to produce a 2,500-word report answering the following question:
What are the main differences between business models and business plans? Critically analyse the synergy between business models and a business plan for a new business venture.
Your report should briefly explain what is meant by a new business venture, outline the role of the entrepreneur and how they can effectively use a combination of business model innovation and business plan to capture and present a new business opportunity including the steps of the startup process. Discuss any potential limitations that can lead to poorly developed business plans and business models. Support your arguments by wider reading around the subject using journal articles.
Type of service: Academic paper writing
Type of assignment: Report
Number of sources: 22
Academic level: Master’s
Paper format: Harvard
Line spacing: Double
Language style: UK English