Discuss the importance of innovation in the survival and success

SMALL BUSINESS MANAGEMENT
1. Discuss the importance of innovation in the survival and success of a business. Include three strategies that you, as an entrepreneur, can use to encourage creativity and innovation in your small business in your response.

2.Two friends are considering launching a small company, which they believe has potential to grow into a large firm in the future. Identify three important factors they should take into consideration when selecting a form of ownership. Next, recommend one form of ownership you believe will best serve the organization now and in the future. Justify your response.

OPERATIONS MANAGEMENT CLASS

1. Examine the roles of Enterprise Resource Planning (ERP) and Customer Relationship Management (CRM) in business. Determine how each system can play a critical role in managing value chains.

• How does LaRosa’s Pizzeria use this technology in order to improve the supply chain and value chain operations? Determine the ways this technology has helped to deliver quality to the customer. Assess the challenges that LaRosa’s Pizzeria might face when trying to implement these types of technologies.