Question

9. Define what an "elevator pitch" and describe its key elements. 10. List and briefly describe five overal business strategies for achieving a profitable business.

Answer 1

As per policy, only one question is allowed to answer at a time, so answering Q9 here :

9) An Elevator pitch is a short term which is used to describe a small speech that will picture out the personal ideas about the person, product, service or a project. The elevator pitch is being delivered by the entrepreneur to a group of employees to boost their morale. Its key elements are:

1) Your authority to deliver: The elevator pitch is being delivered by a leader to the listeners who are forced or willing committed to the pitch.

2) Your position to deliver: Your level of making elevator pitch should be clear ie. whether your are employer addressing to employees or boss speaking to subordinates.

3) Delivery purpose: The motto of elevator pitch to be delivered to the group of peoples.

4) Delivering for: The purpose of delivery should be to boost morale, clearing something, putting ideas or giving some instructions. So, the purpose of “fulfilling which gap” should be clear in the pitch.

5) Delivering benefit to: The elevator pitch is being delivered for the benefits of concern, department, employee or at personal level.