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Just Answer the Number 2.
Here is the answer for the Number 1.
. Every business should be ethical in their practices to ensure the success of it in public. The business which could be most preferable in this case would be instant noodles rich in nutrients.
Purpose:
- To create such products which could easily be made by even children.
- Children and youth or even adults can consume this as their morning/evening snack.
- Nowadays, many manufacturers involve in unethical practices and destroy the nutriency level in their products which would surely be avoided in this business.
Type of business - the Business would be of FMCG products. As it requires to be consumed soon. This will be a convenience product which will be available in all retail stores.
Mission statement - Mission statement states the short-term Objectives for which the company is set up. The mission statement would be: ' Provide healthy and delicious instant noodles enriched in nutrients so that the children and youth doesn't compromise between taste and health.'
Step by step
Solved in 3 steps
- Wanted: Entrepreneur by Ron Wirtz A working definition: A bird's-eye view shows a lot of research on this topic of late. For example, the Entrepreneurship Research & Policy Network (part of the Social Science Research Network) was started in March 2006 and already consists of more than 4,300 papers. Babson College's most recent annual compendium of entrepreneurship research includes close to 200 papers in 26 categories. Universities are adding faculty and entire programs to study and teach entrepreneurship. In 1996, the Kauffman Foundation and the University of Maryland started what would later become the Global Consortium of Entrepreneurial Centers. Today, the network includes more than 200 universities. Such activity and attention has improved our understanding of entrepreneurship, particularly here in the United States. For example, we have a much better idea of the socio-demographic characteristics of entrepreneurs: Men are more likely than women to start their own business;…Define the strategy and vision for a potential start-up (come up with any start-up idea you like)1. Write 2 products/services you want to pursue if you become an entrepreneur. 2. Identify your target market by answering the following question in the box provided below. a. WHO are your target customers? b. WHY are you targeting those people? c. WHAT is your goal in targeting these customers? Product/Service Target Market Who: 1. What: Why: Who: 2. What: Why:
- 1. Outline the difference between a business idea and a business opportunity? Why is this distinction important? 2. Define business concept statement, in your own words. Outline its main elements. 1. Identify three (3) features of the Five Competitive Forces Model and discuss how they operate to affect the profitability of firms in an industry. 2. Describe a business start-up you are contemplating and explain why you have made this choice. 3. Identify and discuss the four (4) major components of a business feasibility analysis. 4. a) What is the purpose of conducting a business feasibility analysis? b) When is the best time to conduct a feasibility analysis? c) Justify your response.if you onw a pendrive company. how do you plan to extend the business in the future.Meet with your group and discuss a new business venture that can save our environment. It canbe any business that can sustain within & after COVID19.Business Model Canvas 1. Introduction: Define your new business venture, either it is goods or services. Brieflyintroduce why and what motivates you to choose the business?2. BMC: Develop a Business Model Canvas for your business. Explain briefly every 9 keyelements of your BMCGoal & organization Chart 3. Goal: Formulate a specific goal for long, intermediate and short term of your newbusiness venture? Then develop strategy and a hierarchy of plans involving thesecomponents (strategic, tactical, operational and contingency planning).4. Organization Chart: Draw a sample of organizational chart for your business venture. Itshould include job titles, short description and purpose.Marketing Strategy 5. Define factors that determine your marketing strategy (at least 3).6. Develop a marketing plan for your business venture. Your…
- The written report of your new entrepreneurial firm based on the criteria given below.1. Identify and discuss business to be ventured into: background of business, product, service and industry. 2. Identify its business strategy: the desired image and position in the market and SWOT analysis. 3. Marketing strategy: target market, advertising and promotion strategy, pricing structure and its distribution strategy. 4. Competitor analysis: identify the existing competitors and potential competitors. 5. Descriptions of the management team: key managers & employees, backgrounds, experience & skills. 6. Financial & funding: sources & uses of funds. 7. Critical risk factors: critical risk factors that your new business/firm may face. These risks may be management risks, marketing risks, financial risks or other risks depending on your industry and particular situation.1. Describe the four major growth strategies. 2. What are the main exit options from an entrepreneurial business?what would be the strategies to achieve these opportunities? (we are talking about dove's company).
- What's In Guide Questions: 1. What are the considerations taken in venturing into a new business? 2. What are the risks involved in venturing into a new business? (e.g. restaurant business). 3. Is there a market for the product/services you want to offer? 4. Are the products/services you plan to offer basic necessities or not? 5. Can you identify the players in the industry? 6. What are the salient features/competitive edge of the product/services your plan to offer? 7. Do you have the managerial competence and technical expertise to run the business? 8. Do you have distribution channels by which you can sell you products/services? 9. Do you have the financial resources to start and operate the business?what would be the strategies to achieve these opportunities? (we are talking about dove's company). Only the strategies3. What are the common and core competencies of an entrepreneur? Choose one common competency and one core competency. Discuss each. citing examples.4. Explain the concept of STEEPLED.5. What are the 7Ps of marketing? Briefly describe each.a.b.C.d.e.