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convey the essence and importance of business plan in good form. Most business plans are poorly done, even in very large enterprises. As such plans are the lingua franca of corporate initiatives, it is important to master this skill.Discuss how Pareto‟s Rule applies to business. Discuss how the Life Cycle Model, Inflection Point Analysis, the Unit Price/Unit Cost, and State, gap and Trend Analysis models are interrelated.What is the role of human resource management from an innovation perspective? How does it shift from the traditional view of HR?