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Just Answer the Number 2.

Just Answer the Number 2.

Management, Loose-Leaf Version
Management, Loose-Leaf Version
13th Edition
ISBN:9781305969308
Author:Richard L. Daft
Publisher:Richard L. Daft
Chapter6: Managing Start-Ups And New Ventures
Section: Chapter Questions
Problem 9DQ
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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.'

Challenge 1: Getting Started If you were to set up a business venture, what would be your personal purpose for doing so? What type of business would you set up? What would be the mission of this enterprise? Craft a personal and an enterprise mission statement. 1. What is your compelling business concept? What would be your vision for your business five years after setting it up? 2. What name would you give to your business venture? What is the significance of that name? Would it project the image you desire for your business? 3. 4. If you were to invite investors to your business, who would they be and why? What are the possible sources of financing for your business venture?
Transcribed Image Text:Challenge 1: Getting Started If you were to set up a business venture, what would be your personal purpose for doing so? What type of business would you set up? What would be the mission of this enterprise? Craft a personal and an enterprise mission statement. 1. What is your compelling business concept? What would be your vision for your business five years after setting it up? 2. What name would you give to your business venture? What is the significance of that name? Would it project the image you desire for your business? 3. 4. If you were to invite investors to your business, who would they be and why? What are the possible sources of financing for your business venture?
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