Reference no: EM13733861
Assignment: Business Plan - Business Vision
Imagine you are hired by a new start-up company. You are tasked to recognize and explore a new business opportunity of creating a new product or service for your company. As part of your new business vision, you will create a business plan describing all keys elements of the business opportunity which will ultimately be presented to an executive team in a venture capital group for possible funding and execution.
Part I of the business plan will describe your business vision you plan to undertake in your company.
Write a five to six (5-6) page in which you:
Compile a business vision about the type of product or service you think your company needs to develop. Next, describe the business values and corporate values that you want to create.
Determine the need for the new product or service. Next, provide an overview of the market you intend to enter, and defend why this market is ripe for the introduction of this product or service at this particular time.
Determine the type of business model you will use for your new business opportunity. Support your response.
Formulate a feasibility analysis, and determine whether the new product or service is feasible. Identify the roadblocks that you will likely face.
Evaluate the data from your analysis, considering the source and time period. Justify the future financial condition of your company.
Use at least three (3) quality resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality resources.
|
Analyze how the law of demand applies
: Analyze how the law of demand applies to a recent purchase that you made. Describe how the product has changed in price and explain whether the price change is due to supply or demand.
|
|
Define positive or negative effect of trade on world history
: Explain and evaluate the positive and negative effects of trade on world history. First, discuss the intellectual and cultural exchanges that occurred between societies in both the eastern and western worlds.
|
|
Analyze the determinants of the price elasticity
: Analyze the determinants of the price elasticity of demand and determine if each of the following products are elastic or inelastic bottled water
|
|
What you know about time dilation
: Using what you know about time dilation and other information regarding space/time travel, explain why it is possible to go forward in time, but not backward
|
|
Determine the need for the new product or service
: Determine the need for the new product or service. Next, provide an overview of the market you intend to enter, and defend why this market is ripe for the introduction of this product or service at this particular time
|
|
Externalities to bring about market efficiency
: Explain the difference between a positive and negative externality. In your analysis, make sure to provide an example of each type of externality.
|
|
What are the company''s most vulnerable areas
: Today, many companies face budgetary challenges on a continual basis. Two critical aspects that businesses lack are effective control practices and monitoring. You have been asked by your manager of the Money Cares Investment Corporation, to outli..
|
|
Consider the market for minivans is at equilibrium
: Consider the market for minivans is at equilibrium. Determine, using the supply and demand model, how the following events might affect the equilibrium price and quantity for minivans. Explain why fully. Consider each separately.
|
|
Find potential opportunity to improve competitive position
: From the case study, evaluate MySpace's competitive and strategic landscape using the Strengths, Weaknesses, Opportunities, and Threats (SWOT) analysis. Next, determine the potential opportunities to improve MySpace's competitive position
|