You will then write a four to five (4-5) page paper in which the following items are addressed.Discuss the necessity of short-term and long-term forecasting for developing the key elements of the business plan. Evaluate the importance of developing formal and informal networks when building new business opportunities and expanding into new markets.Discuss the importance of knowledge management in the digital age and identify two (2) risk organizations must address to mitigate competitive pressures.Consider the various components of a business plan and identify two (2) components that you believe would be the most challenging for you to complete as an aspiring entrepreneur. Next, discuss what could be done to help you overcome this challenge using technology.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:Examine the key elements of the business plan and the necessity for developing short-term and long-term forecasting techniques.Analyze the importance of developing formal and informal networks for assisting new commercial ventures and developing new business opportunities.Assess the importance of information resources and knowledge management for enhancing the value proposition of the organization. Use technology and information resources to research issues in innovation and entrepreneurship.Write clearly and concisely about innovation and entrepreneurship using proper writing mechanics.Click here to view the grading rubric.

The Walden B.S. program includes a student portfolio project for each course, which is an evolutionary collection of work-related products that are specific to the subject of the course. Portfolios are organized in a systematic manner for the purpose of communicating and demonstrating what a student has learned and achieved in the context of the course. This concept facilitates the application of theory learned in the course by providing the student with an opportunity to demonstrate mastery of the subject matter in the context of student professional goals and competencies. The portfolio also enhances the assessment of student practice-related skills, which are difficult to measure through traditional comprehensive examinations.In BUSI 1001, you developed a design and comprehensive outline for the Student Portfolio. Each portfolio project you complete during the Walden program will become one of the work samples in the Student Portfolio.Background:For the Portfolio Project in this course, you will be tasked with finding four successful accounts of corporate entrepreneurship. The paper should follow APA style and formatting.Guidelines:Create an original essay of 3–5 pages, entitled "Corporate Entrepreneurship: Four Cases."Search your textbook for four accounts of successful corporate entrepreneurship in the course text Entrepreneurship. In writing your paper, determine: What key factors for success are common among all these accounts? Which are unique? If one company can foster an entrepreneurial climate within an existing firm, what stops another company from copying its processes and taking away the initial advantage?Your Portfolio must be carefully edited for grammar, punctuation, spelling, sentence structure, format, and APA adherence.The paper should include:Title pagePage numbersMain headings for each section (names of the four corporations)Sub-headings as necessary to stay organized and to provide clarity for the readerIn-text citations (not footnotes)Reference list (must use at least four outside references in APA format)The 3- to 5-page length specification is for the main body of the paper and does not include the title or reference pages

In Excel prepare the Balance Sheet and the Income Statement for Wools Vest Plus. Make sure to include the proper items on each statement. Answer all the questions in the pdf regarding Wools Vest Plus as well. Please use the writing rubric for the questions.