Fundamentals Of Entrepreneurship Business †Myassignmenthelp.Com

Question: Discuss About The Fundamentals Of Entrepreneurship Business? Answer: Introducation With the advent of modern technology and the increased usage of the Internet due to reasons like reduced cost of data and availability of data, common people have become more and more dependent on the internet to lead their livelihood. Starting from booking a cab to buying clothes and accessories online and also booking a doctors appointment everything is possible through internet and Smartphone. The world has crunched in its size thanks to the increased use of internet and internet based applications (Barnes and Hunt 2013). Type of industry: The industry that the business will be operation on is the e-commerce or the e-market, this is a virtual place of business that exists and is in full rage now. Jeff Bezos the owner of an e-commerce giant, Amazon, has recently been awarded the title of the worlds richest person. Hence it can be clearly understood that there is a huge capacity of this market if it is used wisely and with proper planning. The E-market is a place that has a lot of pros and cons and the biggest pro being the braking of the geographical barrier opening a wider scope of the target market. One of the major cons of the e-commerce sector is that an individual cannot use the service that is being offered if he or she does not have a Smartphone or a computer with working internet plan (Awa, Ojiabo and Emecheta 2015). Mission statement: The vision and mission this new business idea is to create a positive thinking for the online grocery material purchasing. To make the consumers understand the optimum utility of the service. Another positive and innovative point of this application will be the choice of shop from where the consumers will receive their desired product at their door step. In this way the retail stores also can sing up and supply the products without being out of business (Ong and The 2016). Business Model: The suggested name of the service and the new business idea is DELIGROCE. It would include an internet based mobile application that can be downloaded from App store. The city which is suggested to be the point of inception of the operation is Adelaide. Adelaide is a geographically smaller city in comparison to others in Australia, but it has a youthful crowd who use internet on a daily basis and are also open to new and innovative ideas of livelihood hence Adelaide will prove to be a good start to the new business. First of all technical support will be required in order to develop an application based portal which is not only user friendly and easy to use but also has two sides to it one is the consumer end and the other is the vendors end. The business model of the new idea will flow a two course path that is going to run parallel to each other. One is the vendor side and the other is the customer side. To combat the busy time table that individuals lead nowadays there are several services that are available in the internet. This business model also follows the same path as the customer side of the model is planned and designed in a way that the time and effort of the consumers are reduced so that they can indulge their time in something more worthwhile. But, there is always a trust issue with the products that are available in the virtual world, especially if the products are in the perishable goods category and most groceries are in this category. To deal with this dilemma of the consumers there is the vendor side of the model, which is to sign up with local grocery stores that the consumers usually visit and trust so that along with the products the customers can also choose the stores from which the products are go ing to be bought. Good quality products are going to be delivered by the suppliers and grocery shops, the shops will pack the orders received from the mobile application and supply it to the delivery partners of the company. The idea is to remove the hoarding of the inventories and stocks as the market is dealing with goods that can easily be perished therefore cutting on a large amount of capital investment on the stocking of inventories and warehousing charges etc (Chaffey 2015). Description of the Industry Future outlook and trends In todays world the schedule that an individual follows is very bus and hence there is an upward trend of the internet based market. As it saves time and effort of the people it is growing and gaining popularity with the reduced cost of internet and data plans. In the next five years the expectation of the consumers form the e-commerce sector is going to increase and hence there is a lot of opportunity for the business to upgrade and expand in other cities as well. There is drone delivery system in 30 minutes and virtual trying of clothes and shoes also possible. Analysis of Competitors There are a number of players in this market already as it has a lot of opportunities the biggest threat being the supermarket retailer giant Aldi. It is a retail market but it has a strong presence online as well. In a very little time the company has garnered a lot of good reputation in the Australian sector as well owing to the reasonable cost and high quality products that they offer. As Aldi has a home grown brand it can offer very low price of products and offer high quality (Kurnia et al. 2015). The business model is a little different form that of the DELIGROCE as in this business model the products are going to be delivered from a selected store to the consumer and the business itself will not own any products of its own. It will just as service providers for delivery of fresh and high quality grocery from the selected stores. Grocery Run is another major competitor some of the services that it offers are $9.99 flat shipping rate all over Australia which is a big marketing plus point for the company, apart from that it also offers great discounts on items. Furthermore, customers usually like to physically check grocery items such as fruit, vegetables, meat and eggs before purchasing them; hence the retail is a big competition to the market (Falk and Hagsten 2015). Here is a list of other potential competitors: Woolworths Coles Harris Farm Australian Farmers Direct Shopwings Industry and Market forecasts he market of the retail grocery is lead by some of the big players like Metcash, Wesfarmers, Woolworths Limited, Aldi and many more and hence the online service of grocery is still yet to gain popularity even among the urban population. In the last financial year 2016-17 and considering the numbers of the past five years, industry revenue has seen an upward rise and opportunity and the approx number that is annualized 15.8%, to reach $2.7 billion. The target market of the industry is still dealing with the new idea of buying groceries online as there is a huge possibility of getting tampered goods because the market deals in perishable items as well. The widespread set of connections of the significant supermarket chains of Australia like Coles and Woolworths, the proximity of the stores form the location of the people have made the online industry of groceries a tough competition as people get a local store very close to their house or locality where they can choose the desired good s from the aisle of these store. The online grocery industry in Australian is expected to grow in its capacity to be worth AU$5.8bn in 2020, which is over twice its current value of AU$2.7bn. Currently the sales of the online market are at 2.3%, which is analyzed to grow to 4.1% of online grocery sales by 2020 (retailanalysis.igd.com, 2017). Technology Plan Description of technology The technology that is required for the inception of the business plan is mainly an application development that is going to be available both in the android play store and also in ISO app store. the application must have some of these features: User-friendly, easy to download, easy to sign in, a section of notes where a person can set reminders, an option on uploading documents which is necessarily the list of items so that the items can automatically move in to the cart of the account. There should also be an analysis metrics in the app which will analyze the buying trend of the consumer and give the customer options while purchasing suggesting new and upgraded products. There also should be a provision for the customers to give the vendors review so that more and more people can order form a particular store, this can be used as a shared marketing tool with the business. Another important aspect of the business is partnering up with a delivery service which is going to serve the company and help the business with the logistics (Cosenz and Cosenz 2017). Technology comparison Most of the application of the online grocery market deal with similar kind of application based program where the customer can pick and choose form by looking at the pictures. There are several companies which offer free shipping after a certain amount along with 24 hrs delivery service. There also provisions available for return of items that the customer did not like. There are applications and websites who just focus on home grown items and encourage Australian vendors. A lot of these plans can be imitated by DELIGROCE as well in the future (Kaptein and Parvinen 2015). Commercialization requirement he first requirement is to understand the local customer and the mind set along with it build al list of supermarkets and local stores who are the potential vendors of the company. The user interface of the application has to be attractive and at the same time engaging for the customers to understand the application easily and use it without any hassle. There should be a GPS navigator built in to connect with the delivery boys in no and keep in contact with them (Fernie and Sparks 2014). The resources that are required to develop this internet based application for both the Android and IOS module is first skilled and trained software technician, a partnership with a friend of the entrepreneur who owns an application designing company is proposed. The next import resource that is required by the company is a trained business development and marketing team who will present the companies and bring aboard vendors by analyzing and identifying a list of supermarkets and local grocery stores. Another major requirement of the initial start up of the business is a content team who will manage the basic content of the application (Brooks, Heffner and Henderson 2014). Marketing Plan Market segment Demographic: The target market of the business is people who buy their own grocery 20-60 years old. Geographic: Initially the geographic area that is going to be focus on is Adelaide. Psychographic: People who have a busy lifestyle and want to take out time form their busy schedule to indulge in some quality time with oneself or friends and family. Behavioral: A person who is tech savvy and understands the usage of such applications, someone who is a regular e-commerce website user, and is not skeptic about the quality of service offered by e-commerce websites and applications (Hennart 2014). Product and service The company is going to offer a service to the customers of delivering the groceries that can be ordered online via an application. On the vendor end, the company is going to offer a platform for the local grocery stores to set up an online presence and reach out to people who are their potential customers (Turban et al. 2015). Pricing he price will be two folds one form the customers end and one from the vendors end. The delivery charges are kept at the minimum and will be free after a certain point of purchase. From the vendors end it will be a contract of the service for 6months, 8months and 12 months option to choose form. The vendors can renew their contract on the basis of their choice. Distribution The distribution of the products will be done by the delivery partner and the delivery will be monitored by the GPS system that will be developed for the app and for the back end usage. Promotion Promotion of the business will be done via medium which is most used by the target market. Digital and internet based marketing is the best option for the business (Rawat and Divekar 2014). Financial Plan Break even Analysis Monthly Revenue Break-even $65,000 Assumptions: Average Percent Variable Cost 30% Estimated Monthly Fixed Cost $46,925 Pro Forma Cash flow Statement Starting Cash Position Inflow (individual investment) Sales from customers Sales from vendors Other Cash Receipts Total Cash Inflow Outflow (Use of Fund) Fixed Cost Administration Marketing Operations Total Cash Outflow Closing Cash Position Production plan The production of the technology is given to another firm which specializes in the technology development sector. This firm belongs to the friend of the entrepreneur and hence a mutual benefit and understanding will be much better than any other outsourced unit. The company will be offering a service and not a product hence the option of production is unavailable but for a service industry as well has a production procedure in this case is the development of the technology is part of the production (Cannone and Ughetto 2014). Organizational plan Form of Ownership The form of ownership of the business is sole proprietorship where the entrepreneur is the sole owner and the receiver of any profit that is drawn from the business. He or she is the person who is the risk taker and the risk barer of the company. Identification of Partners The firm will need collaboration with the technology support company and will also have a delivery partner of the venture to begin with. Both the technology and the delivery are significant to the company, the future plans are to set up own logistics phase in the future while expanding the business. Organizational Structure It is an independent venture and will be released at small scale only for the customers in the Adelaide area. The entrepreneur of the company is the person who is all in all in the management. Apart from that there is a marketing and business head along with a content manager in the establishment. There are around seventeen employees in the marketing, operation and the content team. Operational plan The aim is to launch the application as soon as possible as the online grocery market of Australia is expected is the eight largest in the world with full potential to grow exponentially over the next five years. Before the launch some promotional activity will occur to kick start the download process. Six months before the launch the application will be used extensively by the technology team to understand and deal with the short comings (Wang et al. 2016). Summary The prospect of this business is dependent on the acceptance of the idea among the urban population of Adelaide. There is tough competition of the retail stores on the online front in the grocery sector. The development of the application and the smooth running of the app will the prime focus at the initial stages. While, the marketing team at the will concentrate on finding the vendors to participate and collaborate with the application. By the end of the first financial year there is an expected growth in the industry and in the outlook of people hence focusing on expanding in other adjacent cities as well. Reference List: Awa, H.O., Ojiabo, O.U. and Emecheta, B.C., 2015. Integrating TAM, TPB and TOE frameworks and expanding their characteristic constructs for e-commerce adoption by SMEs.Journal of Science Technology Policy Management,6(1), pp.76-94. Barnes, S. and Hunt, B. eds., 2013.E-commerce and v-business. Routledge. Brooks, G., Heffner, A. and Henderson, D., 2014. A SWOT analysis of competitive knowledge from social media for a small start-up business.The Review of Business Information Systems (Online),18(1), p.23. Cannone, G. and Ughetto, E., 2014. Born globals: A cross-country survey on high-tech start-ups.International Business Review,23(1), pp.272-283. Chaffey, D., 2015.Digital business and E-commerce management. Pearson Education Limited. Cosenz, F. and Cosenz, F., 2017. Supporting start-up business model design through system dynamics modelling.Management Decision,55(1), pp.57-80. Falk, M. and Hagsten, E., 2015. E-commerce trends and impacts across Europe.International Journal of Production Economics,170, pp.357-369. Fernie, J. and Sparks, L., 2014.Logistics and retail management: emerging issues and new challenges in the retail supply chain. Kogan page publishers. Galliers, R.D. and Leidner, D.E. eds., 2014.Strategic information management: challenges and strategies in managing information systems. Routledge. Hennart, J.F., 2014. The accidental internationalists: a theory of born globals.Entrepreneurship Theory and Practice,38(1), pp.117-135. Kaptein, M. and Parvinen, P., 2015. Advancing e-commerce personalization: Process framework and case study.International Journal of Electronic Commerce,19(3), pp.7-33. Kurnia, S., Choudrie, J., Mahbubur, R.M. and Alzougool, B., 2015. E-commerce technology adoption: A Malaysian grocery SME retail sector study.Journal of Business Research,68(9), pp.1906-1918. Ong, C.E. and Teh, D., 2016. Redress procedures expected by consumers during a business-to-consumer e-commerce dispute.Electronic Commerce Research and Applications,17, pp.150-160. Rawat, S. and Divekar, R., 2014. Developing a Social Media Presence Strategy for an E-commerce Business.Procedia Economics and Finance,11, pp.626-634. retailanalysis.igd.com. (2017).Australias online grocery market set to double. [online] Available at: https://retailanalysis.igd.com/news/news-article/t/australias-online-grocery-market-set-to-double/i/10350 [Accessed 9 Sep. 2017]. Turban, E., King, D., Lee, J.K., Liang, T.P. and Turban, D.C., 2015.Electronic commerce: A managerial and social networks perspective. Springer. Wang, K.J., Widagdo, J., Lin, Y.S., Yang, H.L. and Hsiao, S.L., 2016. A service innovation framework for start-up firms by integrating service experience engineering approach and capability maturity model.Service Business,10(4), pp.867-916.

Analytical Essay Topics - How to Write an Analytical Essay Topic

Analytical Essay Topics - How to Write an Analytical Essay TopicIf you are going to give your presentation, you should know how to write an analytical essay topic and other examples of essay topics for Dante. These topics will help you get ready for the task ahead.It is a good idea to write an analytical essay topic that is based on current events' past. You can do this by looking at current events in history or world affairs. The topic can be based on current issues in the society such as social issues, economic issues, or technological issues. You should also be looking at national or international events that have to do with literature, art, or culture. These topics can help you with your presentation.Analytical essay topics should also include any work done by people like philosophers, artists, and scientists. Dante was a great artist who wrote about how great he was. Many of his poems deal with science and religion. These topics will help you make a good impression when giving y our presentation.Now that you know what to write and how to write the analytical essay topics, it is time to study up. If you do not want to read up on anything, there are many resources online that can help you. They will help you familiarize yourself with what can be covered in a presentation.There are books that are written by experts who are knowledgeable in writing a good essay. You should read these books to learn more about writing an analytical essay topic and others that can help you. You should also check out websites that offer help on essay topics.Your next step is to practice what you have learned. Write an essay on Dante's paintings. You will be able to test your skills and prepare for your next essay. Finally, you can write your own essay. Dante's works can help you with your own research. Look for Dante paintings and read some of his works. This will help you remember certain aspects of Dante's life.Just like Dante, you can prepare your analytical essay topics for pr esentations by studying up on the best examples. Remember, you should always be prepared for the task ahead of you, especially when it comes to speaking and writing.

Fannie Lou Hamer - Testimony Before the Credential Committee free essay sample

Free Essays on Black Elk Speaks

Black Elk Speaks Greed is a large part of the American culture whether we realize it as a society or not. Many countries around the world view the United States as a selfish country that does what it wants on a global scale, and does not share or allocate its predominate wealth. I am very thankful and proud to be a citizen of this country. Even though I would risk my life to protect our country and its freedom, there are aspects about our civilization that I wish could be different. Black Elk, â€Å"a holy man and a warrior of the Lakota Nation Indians,† was a member of the Oglala Sioux tribe during the most horrific period for Native Americans in the Western part of the United States. In excerpts from the novel of his life story Black Elk Speaks, he is able to relate the differences in the ways of life from his people and the white settlers. Although he lived in the late 1800s, he is able to make reference to issues that are relevant to us today. His observations display issues such a s human bonds, ethics, economics, and politics. He describes how the excessive acquisitiveness of one society led to the cultural displacement of another. The Native American culture revolved around a circle, or what black Elk referrers to as their nation’s hoop. The flowering tree is the center of the hoop. The flowering tree is symbolic of growth and prosperity for all the people in the tribe. It is equally shared between all the members of the tribe. â€Å"Everything an Indian does is in a circle, and that is because the power of the world always works in circles, and everything tries to be round† (APT 315). The flowering tree at the center of the circle was nourished by the seasons, which also occur in a circular pattern. Black Elk also makes reference to the sky and the earth being round, the moon and the sun setting in a circle as well as both being round. The wind blows in circular whirls. A person’s life from childhood to dea... Free Essays on Black Elk Speaks Free Essays on Black Elk Speaks Black Elk Speaks Greed is a large part of the American culture whether we realize it as a society or not. Many countries around the world view the United States as a selfish country that does what it wants on a global scale, and does not share or allocate its predominate wealth. I am very thankful and proud to be a citizen of this country. Even though I would risk my life to protect our country and its freedom, there are aspects about our civilization that I wish could be different. Black Elk, â€Å"a holy man and a warrior of the Lakota Nation Indians,† was a member of the Oglala Sioux tribe during the most horrific period for Native Americans in the Western part of the United States. In excerpts from the novel of his life story Black Elk Speaks, he is able to relate the differences in the ways of life from his people and the white settlers. Although he lived in the late 1800s, he is able to make reference to issues that are relevant to us today. His observations display issues such a s human bonds, ethics, economics, and politics. He describes how the excessive acquisitiveness of one society led to the cultural displacement of another. The Native American culture revolved around a circle, or what black Elk referrers to as their nation’s hoop. The flowering tree is the center of the hoop. The flowering tree is symbolic of growth and prosperity for all the people in the tribe. It is equally shared between all the members of the tribe. â€Å"Everything an Indian does is in a circle, and that is because the power of the world always works in circles, and everything tries to be round† (APT 315). The flowering tree at the center of the circle was nourished by the seasons, which also occur in a circular pattern. Black Elk also makes reference to the sky and the earth being round, the moon and the sun setting in a circle as well as both being round. The wind blows in circular whirls. A person’s life from childhood to dea...

Greenhouse Gases and Climate Change Article Example | Topics and Well Written Essays - 500 words

Greenhouse Gases and Climate Change - Article Example From this study it is clear that carbon dioxide is thought to eat up the ozone layer, which leads to more heat being protracted to the earth’s surface. This, on the other hand, increases the earth’s temperature, which causes global warming. The overall amount of CO2 that the United States has produced is 5,762,050. This is more than 20% of the worldwide release of CO2. Japan, on the other hand, caters for 1,224,740 of the amount of CO2 released to the atmosphere. Comparing these numbers to the United States, the United States has produced 5 times more CO2 than Japans. In the United States, the CO2 emissions, or metric tons per capita, was reported to be at 17.96 in 2008. This is according to World Bank’s findings. According to the paper CO2 discharges are those that arise from manufacture of cement along with the burning of fossil fuels. Japan’s per capita CO2 emission, on the other hand, was reported to be at 9.46 in 2008. Definitely Japan’s popula tion has an effect on the amount of CO2 being released to the atmosphere. This is because Japan has a large population, and most of its citizens own private vehicles. Vehicles are known to be the leading producers of CO2, and; therefore, those who drive cars in Japan also contribute substantially to global warming. The economic status of Japan also influences the carbon emission witnessed today around the world. This is because Japan is one of the most mechanized countries in the world, and its industrial activities are known mainly to realize CO2 to the environment.  

The Origin and Traits of Various Cultures Assignment

The Origin and Traits of Various Cultures - Assignment Example The significance of the events depends on their interpretation, through which they exert a pull on meaning and value. For that reason, history as a discipline is the study of the past. It is through learning history that the events of the past are legitimized by respecting the values and ideas of the people and their objective behind their actions. Therefore, history can be defined as the story of the civilization of mankind, depending on the interpretation of well-established and recognized primary sources.Culture is the characteristics and traits of a meticulous group of people who can be defined by common behaviors, beliefs, social habits, religion, language, cuisine, art, and music. There exist numerous cultures; Western, Eastern, Latin, Middle Eastern and African cultures. The members of each culture have universal characteristics that are common. They form a society, which is an interaction between people who share a common culture. A cultural attachment may be racial, ethnic, gender, values, beliefs, and activities. It is through the culture that individuals and groups get to identify themselves; conforming to that society’s values, beliefs, and traditions. It is evident that culture involves many aspects: customs, language, norms, rules, and more. In today’s world, the term culture seems to lose some of its usefulness because people share resources and interact globally (182). It is unlike the past where people labored and lived in small groups in the same vicinity.  Ã‚  

Two Treatises of Government Essay Example for Free

Two Treatises of Government Essay In chapter V of The Second Treatise of Government by John Locke, he begins by explaining that God has given earth to all man in â€Å"common†. Meaning everyone equally owns all of the earth and its fruits. How can we humans, fairly distribute this land? What gives one man the right to a deer over every other person on earth? Labor, Locke states â€Å"The labor that was mine removing them out of that common state they were in, hath fixed my property in them†(13). This meaning that once you put work and physical labor into some sort of land or animal, it is then yours to own out of the common land. For example, a man sees a deer on the side of the road and uses his weapon to kill it. He has used his recourses and skill to take that deer out of the common and made it his property. The same can be said for land. You work on the land and use it to grow crops. Therefore, the crops are yours. Locke follows up this view he has by saying you can only take so much, because then you will be taking for spoils. â€Å"Nothing was made by god for man to spoil and destroy. † (Locke 14) I believe this is the part we as habitants of this earth have disregarded. In today’s world, we constantly spoil land and recourses. For a little money, we are willing to ruin habitats to the point of extinction or complete eradication. I feel as if Locke wrote this as a warning, stating, yes you may own all land that you labor on but do not spoil it. What makes us as humans ignore this? Greed is a very powerful thing and if we allow man to own all land in which he works in, what is to stop him from abusing it to receive riches? There wouldn’t be a need to spoil the land for riches, if gold didn’t have such a high value in society. Locke is very much aware that the balance can be broke fairly easy. At the end of section 50 he states â€Å"But since gold and silver, being little useful to the life of man in proportion to food, raiment, and carriage, has its value only from the consent of men, whereof labor yet makes, in great part, the measure, it is plain, that men have agreed to a disproportionate and unequal possession of the earth, they having, by a tacit and voluntary consent, found out, a way how a man may fairly possess more land than he himself can use the product of, by receiving in exchange for the over plus gold and silver, which may be hoarded up without injury to any one; these metals not spoiling or decaying in the hands of the possessor† (23). After stating what he believes is the best way to distribute land, this is his way of warning us how easily this balance can be broken. He means to show everything he explained doesn’t matter because we have allowed value to be given to something, which cannot feed man and does not spoil in the hands of man. Therefore, unbalancing nature and allowing certain men in power to posses a disproportionate amount of this earth only because they own more gold and silver. By us as a society agreeing blindly to give gold such high value, we have changed the ways of life from wanting to obtain cattle, land, and natural goods. To in turn only chasing gold and silver (money). This only hurts the earth that has been given to all men in common by God. It allows men with wealth and power to spoil lands and destroy habitats only because they choose to obtain absurd amounts of gold to let decay and spoil in their hands. Take for example all the animals, which go extinct by allowing certain men with enough money to go out with multimillion-dollar machines and completely wipe out forests. Which is as Locke states given to all men in common. So what is Locke’s purpose in making us realize this? Its feels like a warning, letting you see the way earth should really be distributed and then by explaining how gold has ruined that. It plants a thought in your head that makes one wonder if we truly are equal and if the earth truly does belong to us all in common. It seems like land it’s only owned by those who have been successful in obtaining gold in one form or another. Even if it means spoiling the land that belongs to all humans in common, not to just them. I believe Locke was way ahead of his time. He is predicting how the world is in a society where gold and silver are the important possession. The combination of the way Locke believes land should be distributed, and the value we have agreed to give gold in society. Locke states â€Å"Right and convenience went together; for as a man had a right to all he could employ his labor upon, so he had no temptation to labor for more than he could make use of†(23). Here at the end of Chapter V is where Locke believes if we as men only take what we need to survive it would be highly convenient and the distribution of land would work out perfectly. We all know in the world we live in today that will never happen. Man will take as much as he desires till the land is too spoiled to take anymore. These two separate views on property that we as a society have agreed to live under only hurt us further. The combination of them is what causes a heavily unequal society. That is why we see some men own enormous amounts of land and property, while others don’t even have a box to sleep in. Bibliography Locke, John. The Second Treatise of Government and a Letter Concerning Toleration. Mineola, New York: Dover Publications, 2002. Print.