Provide a 12 pages analysis while answering the following question: Enterprise and Entrepreneurial Management: Ideas and Objectives. Prepare this assignment according to the guidelines found in the AP

Provide a 12 pages analysis while answering the following question: Enterprise and Entrepreneurial Management: Ideas and Objectives. Prepare this assignment according to the guidelines found in the APA Style Guide. An abstract is required. The entrepreneur has to examine his environment closely to first identify the sector he wants to deal in, the needs of his target customers, the demand and supply of the goods and the available sources of raw materials (Fischer, 2007). He or she also has to assess the labor and material costs he is likely to incur in the event that he pursues that venture. The business location is also an important factor to consider when deciding on the business you intend to put up. This will ensure that the business premises is accessible and the customers can also easily acquire the products they desire from the business (Parker, 2004). The business plan states the idea that an entrepreneur has interests in pursuing along with his financial abilities to finance his ventures. It also specifies his ability to obtain funds from financial institutions along with the business location and his sources of raw materials (Goble, 2004).

They are the long-term achievements that the business hopes to attain. Their formulation enables a business to form plans that will cost-effectively enable the business to achieve the set goals (Fischer, 2007) Their formulation is the role of the senior management of the organization and is done for the purpose of achieving the company’s goals. The formulation of this strategies entails considerations of issues such as the scope of operations, the business financial status, and their target customers. An analysis of the target market has to be done as it enables the determination of the prices for their goods. The formation of the strategy involves the consideration of the social, fiscal and political forces affecting a business environment (Parker, 2004). The proper analysis of the forces affecting the business environment will enable the management to come up with objectives that are realistic and achievable.&nbsp.