Profile This section provides an overview of the industry and market segment. Market size. Growth trends. Strength of major firms. Significant industry trends.
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Assignment Description and Instructions:
As a group of aspiring entrepreneurs, you must create a business plan for a service-oriented business in the tourism industry in any Caribbean country (not an existing business/company).
Key Elements of the Business Plan
Business and Industry Profile
This section provides an overview of the industry and market segment.
- Market size.
- Growth trends.
- Strength of major firms.
- Significant industry trends.
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Solved in 4 steps
- As a group of aspiring entrepreneurs, you must create a business plan for a service-oriented business in the tourism industry in any Caribbean country (not an existing business/company). ALL members of the group are expected to work together and contribute to the business plan. Each team member must complete a peer evaluation of the other team members using the provided rubric.INSTRUCTIONS: Create a 2-3 fictitious organization related to the tourism and hospitality industries such as travel agency, airline of food and beverages. This organization should have a NAME and a set of VISION, MISSION, and VALUES. Provide a brief background of your organization. Kindly also provide a LOGO for the company. Assume that each 6 members of your group takes a top management position in your organization. As the organization's top management, the group is tasked to come up with strategic goals and objectives. Make sure to align the goals and objectives to your VISION, MISSION, and VALUES. Use the SMART Goals Framework in coming up with your goals and objectives.Current Business Strategies Report In order to bring current examples of strategic issues and problems into the class, each student will present a current business strategies report. The report should be drawn from one specific news article in the business press and should deal with a topic within the last 12 months. The article(s) should highlight the strategic issues facing a particular firm or industry and should be directly related to specific topics of this course. Your oral report should include the following points: (specific guidelines to be reviewed in class) A very brief review of the key facts of the article- what it’s about; why it’s interesting; why it’s important Identification and explanation of the key course concepts, tools, topics that this report relates to.
- Need a conclusion for the essay. Essay parts Below: Introduction: As a company begins or continues to grow, there are many steps they must take in order to determine the opportunities and threats available. An external factor evaluation matrix can help in regulating how quickly and easily a company can expand in a certain area. Competitive profile matrix is a tool that provides information on the competitive advantage a company has to others in the same industry and their critical success factors. Expansions in business are constant and companies must learn to adapt to their environments by using tools such as the matrices to do so. Paragraph 1: External factor evaluation matrices are used by companies in order to determine possible opportunities and threats in expanding the company. EFE matrices provide the possibility of a company to handle risk management on a higher level and also help raise awareness to possible threats before they are able to affect the business. Paragraph 2: An…The business plan is essential to funding a business. What is a business plan? The precursor to the business plan is to avoid possible pitfalls. Name and explain four pitfalls one needs to avoid when in the process of building a business plan.Final Business Model and Strategic PlanWrite a 700- to 1,050-word section for your business model and strategic plan in which you add your strategies and tactics to implement and realize your objectives, measures, and targets.Include marketing and information technology strategies and tactics.Develop at least three methods to monitor and control your proposed strategic plan, being sure to analyze how the measures will advance organizational goals financially and operationally.Explain the ethical issues faced by the organization, summarize the legal and regulatory issues faced by the organization, and then summarize the organization's corporate social responsibility.Develop a 350-word page executive summary defining the new division of existing business. Share your Vision, Mission, final business model, value proposition and list your key assumptions, risks, and change management issues. Quantify the growth and profit opportunity and planned impact on various stakeholders.Note:…
- please original work Business plan- Doggy daycare In this section describe financial estimates and rationale which include financial statements and forms that document the viability of your proposed business and its soundness as an investment. Tables and figures must be introduced in the narrative. Describe the form of business (sole-proprietor, LLC, or Corporation). Prepare three-year projections for income, expenses, and sources of funds. Base predictions on industry and historical trends. Make realistic assumptions.After operating for some time and having evaluated the finances to project the sales of the business, it is necessary to think that, as a business owner, you must establish a strategic marketing plan which gives you a better idea about the market and business opportunities. growth in the industry. For this reason, in this task you will develop a strategic marketing plan for your coffee shop business. The plan must contain the following elements: a) Executive Summary i) Summarize all the most important aspects of your strategic marketing plan. b) Our client (buyer person) i) Describe the different types of customers the business appeals to. c) Product or service i) Evaluate the product or service according to the market need. ii) Defines the branding elements of the business.Recommended and explain 6 New strategies (formulated that are not already existing in their business strategies) that NETFLIX Should Implement in their business that can propel the company's business forward.
- Directions: Answer the following: 1. Explain the meaning of a business plan. 2. Discuss the goals of a business plan. 3. Describe the reasons for developing a business plan. 4. Explain the essential elements of a business plan.The managing director of PEP Stores contacted you and would like to make use of your business consulting services. Due to critical changes in their internal and external environments, they need to revise their mission statement. He provided you with their current mission statement and requested that your project team evaluate their mission statement.Discuss about any existing company showing the main issues and give recommendations to someone who want to start his own business.
