BUSINESS PLAN Case Solution And Analysis, HBR Case Study Solution & Analysis of Harvard Case Studies

Business Plan Case Study Solution

The objective of starting a business is to develop the resources and avail the opportunities that the market is offering to the new entrants in the intense competitive business environment. The entrepreneur tries to get the maximum probability of achieving organizational goal and to achieve this objective, business plan is mandatory to be based on ground realities of the market. The objectives of entrepreneur is to reduce the financial risk and get the desired profit. To accomplish these objectives, entrepreneur focuses on business plan and calculates the capital budgeting tool that will give the answer of whether to accept this project or not.

In this business plan, we have discussed the various roles of management that are required to measure the quality performance and business performance. The strategies that management can evaluate to know which strategy is good and feasible to adopt are discussed. We have also discussed how to increase the effectiveness in the behavior of employees. We have also discussed corporate law and contract law and the strategies of corporate law and how they feasibly help the management to increase the growth of an organization. We have also calculated capital budgeting tools that are mandatory to calculate in order to find that whether a entrepreneur should adopt the project or not. All tools of profitability index show a positive result which means project should be accepted to proceed in future.

Introduction:

Startup companies have the potential to grow with some amount to invest in the business and start a business with a means of earning profit. Venture capital firms tend to provide the desired amount of money to small startup businesses to help in financing their capital structure.

When starting a business, there are many tools that are applied to find that whether it will be feasible to start a business or not and when a business intends to expand its operations it has to analyze the market and environment. General description of business should be defined which must include;

Type of business
Purpose of business
Legal organization
Business location
Licenses
General description of each product
Pricing structure
Target market should be defined
Competitors
USP’s
Selling methods
Marketing plan
Operational plan
Management plan
Startup expenses
Potential market size

The capital budgeting tools may include;

Payback period
Discounted payback period
Net present value
Profitability index

The entrepreneur must have a look over the above-stated capital budgeting tools to make it easy for him to take a decision whether it is good to start a new business or it will suffer from market conditions and uncertainties. Starting a new business does not happen overnight it requires time and entrepreneur has to rely on ground realities that will be provided through business plan.

The entrepreneur has to conduct market research and consider the opportunities that are available. The entrepreneur needs to be aware of the competitors that are currently existing in the market. Startup businesses may require finance that can be received from many sources. Business can be started either through a small amount of finance or a bulk amount of investment. After deciding the amount required to start a business,the entrepreneur (Caramela, 2017).

BUSINESS PLAN Harvard Case Solution & Analysis

needs to analyze the environment to get the opportunities and try to avoid the threats. He needs to analyze the existing competitors that can create hindrance and obstacles in achieving the organizational goals. He should also analyze the socio-cultural environment because entrepreneur needs to be aware of the demographic trend, changing needs, demands, preferences and desires. Customers are the end users they are reasons behind uplifting the business or to fail it drastically. Internal and external environment analysis is very much crucial for a business to get the opportunities.

The entrepreneur should find the way from where he is going to finance the business i.e. debt borrowing or raising equity. He should also take the decision that whether he will adopt a management information system to quickly take decisions or not.

Human resource management is also required factor to train, staff, and boost the employees’ morals so that they can work for achieving organization’s objective.

The entrepreneur needs to minimize the various risks that can be reduced by adopting strategies.

Distribution and promotion strategy are also important decisions that a management should take to deal with the unwanted situations. Target market should be defined clearly as well.

Role of Quality and Performance Management:

When starting a new business, entrepreneur need to focus on the quality performance that will generate the revenue for the firm because goods will be consumed by the end users so they should have a positive feedback after consuming the product of your business

For this purpose, supply chain management plays a crucial role in cunningly transferringfrom the producer to the end users without any inventory loss during shipment. There are various roles that supply chain management has to accomplish to strengthen the company’s position in the business world. Some responsibilities are listed below;

It should plan the timetable of delivering the goods to the end users.
It should carefully monitor the stock levels.
It should take a look on transferring, ordering and packaging process.
It should make sure that the company has enough stock to meet the demand.
It needs to make sure that products will reach to their destination with value addition.
It should monitor the entire process of shipment.
It should motivate the staff.............

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