For the assignment purposes, students are required to develop a comprehensive business plan that imbibes the essence of innovation and entrepreneurship. While developing the business plan students are required to keep the following points in mind:     Choice of product or service Identification of market gap Market and environmental scanning and analysis. Competitor analysis Consideration of Innovation and industry life cycle Forecasting tools Challenges and suggestions to address if found

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Organizational Development

A systematic and consistent change in the values or business operations to create overall growth in an organization is referred to as organizational development. It distinguishes itself from routine operations and workflow enhancements. It follows a methodology that management should openly explain business objectives to all workers.