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You are an entrepreneur in the process of researching a business

Essay Instructions: Scenario: You are an entrepreneur in the process of researching a business development idea.Resources: Baltzan, P., and Phillips, A. (2015). Business Driven Information Systems (5th ed). Week 5 articles

You are an entrepreneur in the process of researching a business
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Scenario: You are an entrepreneur in the process of researching a business

Scenario: You are an entrepreneur in the process of researching a business

development idea. As you create a highlevel Information Technology (IT) strategy for

your new enterprise, it is important to address risks to IT. A Project Risk

Consequently, management Plan will guide the process of identifying enterprise risks and the

appropriate steps to mitigate and manage the risks.

More so, the Data Collection Plan is intended to describe a high-level process for applying

enterprise resources in identifying, analyzing, and also mitigating IT risks.

Additionally, the Risk Management Plan is a working document, which

is expected to change over time as new project details emerge.

Resources:
Baltzan, P., and Phillips, A. (2015). Business Driven Information Systems (5th ed).
Week 5 articles
Additionally, it is recommended students search the Internet for a Project Risk Management Plan template.
In addition, create a high-level Project Risk Management Plan for your project in a minimum of 1,050 words which includes the
following information:

However, a description of the enterprise IT risks

Additionally, an assessment of the enterprise exposure to each risk

Also, summary of the highest priority risks High-level procedures to mitigate and manage the most likely risks

Also, high-level procedures to address business resumption and disaster recovery

Cite a minimum of 3 peer-reviewed references from the University of Phoenix Library.

Format consistent with APA guidelines.

Submit your assignment.

Resources
Center for Writing Excellence
Reference and Citation Generator
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Learning Team Toolkit
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Additionally, market research should never be underestimated. Many successful new businesses enjoy longevity because their owners conduct regular market research to understand their target market, identify consumer problems and pinpoint realistic competitors.

In conclusion, it’s the simplest way for entrepreneurs to keep up with market trends and maintain a competitive edge by sizing up your business opportunity.

 

Lastly, the objectives will also determine the types of market research that you need to undertake in order to be successful:

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