Identify and describe opportunities and strategies

Assignment Help Management Theories

Reference no: EM132710291

This is the 6th Part of the "WIne Way" Tourism.

Objectives
Identify sources of potential cost overruns
Identify potential methods of growth for the venture

Description
Every new venture encounters unforeseen events, obstacles, and costs that must be overcome. As the business begins to establish itself, it is tempting to increase spending at a rate faster than the business plan has foreseen. It is critical that the entrepreneur have a process in place to control ballooning costs.

The following rubric indicates the criteria students are to adhere to, and their relative weights to the assignment overall.
a. Identify and describe opportunities and strategies for growth.
b. List the challenges associated with each opportunity for growth.
c. Describe the sources of potential cost overruns in your current plan and as the organization grows.
d. Create strategies for controlling each potential cost overrun.
e. Demonstrate good organization, including a strong introduction and conclusion.

Read:
Start Up Donut. (n.d.). Controlling costs - Prepare a checklist of your own business methods for controlling costs, followed by a description of the methods you will use.

Reference no: EM132710291

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