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169。 Prentice Hall, 2023 End Show 8 1 Strategic Management in Action Strategic Management in Other Organization Types 169。 Prentice Hall, 2023 End Show 8 2 Learning Objectives 1. Differentiate between a small business and an entrepreneurial venture. 2. Explain why small businesses and entrepreneurial ventures are important. 3. Describe how the strategic management process is used in small businesses and entrepreneurial ventures. 4. Discuss the special strategic issues facing small businesses and entrepreneurial ventures. (continued on next slide) 169。 Prentice Hall, 2023 End Show 8 3 Learning Objectives 5. Define notforprofit anization and publicsector anization. 6. Describe the various types of notforprofit anizations. 7. Describe how the strategic management process is used in notforprofit and publicsector anizations. 8. Discuss the special strategic issues facing notforprofit and publicsector anizations. 9. Describe the unique strategies developed by notforprofit anizations. 169。 Prentice Hall, 2023 End Show 8 4 SMALL BUSINESSES AND ENTREPRENEURIAL VENTURES Table 81 Characteristics of Small Business versus Entrepreneurial Venture Small Business Entrepreneurial Venture ? ? ? ?