Key Elements Of Business Plan - 1368 Words

During the recent years, the amounts of snow tourists have expanded a lot, majority of them prefer to go to ski resorts for skiing. Ski boots is the essential equipment for every skierï ¼Å'they may feel uncomfortable due to their heavy ski boots while walking, at the same time, walking on the ground is easy to damage the sole of the ski boots. Our product, ski boot walking aids, can be fastened on the sole of ski boots quickly to enhance walk comfort and posture, and protect the expensive ski boots as well. This individual report will firstly do the brief summary of the key elements of the business plan, and then analyse and evaluate the strengths and weaknesses of the plan, and then analyse the pros and cons of my own contribution to the work of the group, finally, the report will summarise the main benefits that I have received from participation in the module and group business planning process. Key elements of business plan 1. Marketing plan A: Marketing research 1: The size of the market The ski boots sales amounts was 3.6 million in 2003, the figure grew to 4 million in 2006, and then fell down to 2.8 million in 2007, after that, the figure came back to 3.7 million in 2013 (HEAD, N.V. 2013). The number of identified worldwide ski resort is over 2000, at the same time, USA, Japan and France accounts for 200 for each, which owes the most percentage (Laurent, 2014). What’s more, the number of skier around the world is 115 million, and the figure seems to be growing toShow MoreRelatedDisaster Recovery Plan It 244 Week 3 Essay677 Words   |  3 PagesDisaster Recovery Plan Paper Fernando Hernandez IT244/Axia College Introduction In this assignment, I will go over the different items related to the disaster recovery plan. I will go over the purpose of the plan, explain the key elements that go into a plan, the methods of testing the plan, and why we test the plan. All while explaining why the disaster recovery plan is so critical to businesses in the event of an emergency. What is the purpose of a Disaster Recovery Plan? The purposeRead MoreAnalysis : Mind Maps And Work Flow Diagrams985 Words   |  4 Pages Each element or deliverable listed in the Project Implementation Model Mind Maps is further defined on Single Pages. Single Pages include the following: †¢ Defines the element and the reason (objective) for developing the element †¢ Lists key assumptions †¢ Specifies the action to be taken to develop the element and by whom †¢ Lists the key performance indicators †¢ Specifies the inputs that are prerequisites for developing the element †¢ Specifies the deliverables resulting from the element †¢ IdentifiesRead MoreORGANIAZATIONAL MANAGEMENT final1472 Words   |  6 PagesMANAGEMENT FINAL REPORT Q4: What are main elements of a Marketing Plan? Executive summary: The main purpose of writing this report is to explain what are main elements of a marketing plan. To deeply understand what are main elements of a marketing plan, defining marketing plan and being aware of the importance of marketing plan first is necessary. Marketing plan basically consists of description of the target market, competitorsRead MorePlanning For Long Term Success1014 Words   |  5 PagesFrankenhauser Strayer University August 14, 2016 A successful business is like a road map covering all the highways and streets of the organization. The organization must be able to give a complete plan of the necessary task to keep the business moving from stage to stage. There are critical developing task to successfully grow in each stage of the business life term. An organization can start with a strong foundation by using some key components with development. The development skills have to coverRead MorePlanning For Long Term Success1009 Words   |  5 PagesFrankenhauser Strayer University October 27, 2016 â€Æ' A successful business is like a road map covering all the highways and streets of the organization. The organization must be able to give a complete plan of the necessary task to keep the business moving from stage to stage. There are critical developing task to successfully grow in each stage of the business life term. An organization can start with a strong foundation by using some key components with development. The development skills have toRead MoreKotter s 8 Step Model Essay1578 Words   |  7 Pagesorganization has four elements: people, culture, structure and task. The higher the congruence, or compatibility, the better the organization is at changing. His process requires an analysis of each of these elements and how they interact. Businesses whose elements are in-synch are more effective and a Congruence Analysis will help to identify an element that is not (Cameron, Green, 2012). Once identified, leaders can decide what needs to be done to create harmony among the four elements. Essentially,Read MoreDrp and Bcp Information1041 Words   |  5 Pagesdisaster recover plan (DRP) and business continuity plan (BCP) aren’t the plan but some time both terms are used in place of each other. There are distinct differences in the two, disaster recover plan incorporates information assets and services after disasters such as floods, fires or any other catastrophic events as well as hardware failure. On the other hand business continuity plan encompasses a much wider responsibility than DRP, BCP plans recovery for the entire business or organization inRead MoreAnalysis Of Project Management Process Group1599 Words   |  7 Pagesthe project as a whole. All of these processes work in conjunction to make up the whole Project Management Plan. The risks associated with not properly addressing the key elements will ultimately result in the project failing. The PMBOK lists 9 key elements of a project plan. In this section, we will look at the associated risks if the project manager fails to address any of these. Key Element 1 – Scope. The most common risk associated here is scope creep, or the continued addition of new aspectsRead MoreEvaluating A Feasibility Study?943 Words   |  4 Pageshave to critically examine the actions they take, whether the business is just starting out or has been in operation for a while. Establishing the viability of an idea or action can ultimately determine whether a business succeeds or not. The tool for determining this is by conducting a feasibility study. In this guide, we will examine what a feasibility study entails and when it should be used. We’ll then outline the five key elements of a feasibility study and provide you with six steps for conductingRead MoreThe Potential Benefits Of Being An Entrepreneur1190 Words   |  5 Pagesoffers independence as entrepreneurs make their own decisions and are not restricted by company policy. †¢ Another key benefit of being an entrepreneur is that it is flexible in terms of scheduling tasks around other commitments. †¢ Entrepreneurship is primarily a paragon for innovation as it allows entrepreneurs to explore and create ideas and make them in to successful business plans. †¢ Additionally, entrepreneurships opens the door to numerous opportunities like travelling and making a real difference