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MNE3701 Assignment 1 Semester 2 MEMO | Due 20 August 2026. All questions fully answered. QUESTION 1:
The formulation of comprehensive business plans typically constitutes a fundamental
initial stage in the development of new venture concepts. Drawing on the arguments and
evidence presented in Article 1, critically examine five distinct value-creating functions of
a business plan in the context of new venture formation and early-stage development.
This discussion should not merely list functions but should incorporate both theoretical
perspectives and any empirical findings reported in Article 1. (10 marks)












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