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[PDF] Business canvas model Assignment

   

Added on  2021-02-19

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Research Reflection Report.Marks AvailableResearch Methods & ProcessesHow and why have you chosen/decided on the research methods and processes which you are using/have used for the development of your Major Project?How would you describe these to:1)a reader of your Major Project and/or 2)a future employer(max. 550 words)This reflection is based on business of health care centre is developed in order tounderstand different aspects which are related to understand different aspects associatedwith increasing business. In order to launch new business, there is requirement of properplanning related to resources acquired to understand strategies for growth and developmentof business. It is important to understand different aspects which is essential and importantto get success in industry. In this business development plan, there is discussion about“Shape Up and Curves” fitness club at Ta' Xbix in Malta. “Shape Up and Curves” fitnessclub is the place which provides indoor and outdoor services which are specific andrelevant in context of understanding in better and effective manner. This businessorganisation is situated at This is idea is generated in my mind because I saw many gymvacant. These days people are suffering from different cardiovascular disease, so they arebecoming aware about their health. In order to provide something different to consumers Icame with idea of indoor and outdoor activities. As per my interest I provide fitnessservices to consumer near by beach. This provides pleasure and internal peace to consumer.I provide some specific changes which is relevant in context of understanding in better andeffective manner. I am able to know what is different in current market and is implementedat business. These days people are becoming aware about their health because corporate
[PDF] Business canvas model Assignment_1

people are not able to do physical work due to which they face different physical problems.I plan actions for business growth and development as per change in working strength anddevelopment of country. I started this business with there of my friends who have zeal tolaunch business venture and get success. We share profits, losses, expenses in equal ratio. Ihave some ideas to start business near beach side, so I can provide out door fitnessactivities to consumers. Target consumers of this fitness club is adult, youngsters, elderpeople. If both parent are joining gym, then there is facility of kids zone as well. Whenparents gym, they can take their children with themselves and they provide friendlyenvironment. This is the extra benefit I planned for the benefits of consumers. I planneddifferent discount offered for couples, youngsters if they join in group of more than 4individuals. This project assist in getting knowledge about different factors which mightaffects growth and development of business. I am able to work under dynamic environmentwhich assist me to know what are the changes which are specific and fruitful for growth ofbusiness enterprise. I selected bank loan as source of finance. This decision is taken afterconsidering all other sources as well. While staring new business, recovery of cost is themajor aspect. I develop my communication and presentation skills through which I am ableto communicate with individuals for the purpose of sponsorship. This business report assistme to enhance by working and thinking style through which I can come with new andinnovative ideas. In order to make clear understanding about business related concept, Icollect information from primary as well as secondary sources. Primary information is
[PDF] Business canvas model Assignment_2

collected through questionnaire because this is the best way through which individual'sperception can be known in context of my business idea. This assist me to know whethermy idea will success or not. Secondary information is selected for the purpose to knowawareness of people about fitness centre and their health issues.Literature & sources1)What are the most important theories/literature/evidence sources which you are using to justify your research and your Major Project?2)Why are these sources important and fundamentalto your work?(max. 550 words)It is important to make business plan authentic and reliable because this makes businessplan long term existing in industry. While starting new business, there is requirement toanalyse business environment, competitors in industry, etc. to know growth prospects forcountry. I use secondary information for the purpose of industry and environment analysis.Secondary information is collected through online sources, books, journals, etc. which areauthentic and up to date. Primary information is collected through people residing at Maltato know their view about new fitness centre. In case of any feedback from people and I feelthat it adds to value to our business, it will be considered. This is important and significantto understand competitors policies but I tries to find reason behind vacant gyms. Thisbusiness plan is prepared in appropriate format so reader can get knowledge about differentfactors of new business. Sequence of this business plan is introduction, business concept,feasibility research, business model, business plan and lastly forecasting of financialrequirement. I planned for marketing activities as well in order to communicate to targetedconsumers. Apart from this there are some other theories as well- Porter's Five Force Model- This is the model which provides knowledge about rivalry in
[PDF] Business canvas model Assignment_3

industry. It is important to understand and analyse changes which are specific andsignificant in current market. In this model, five forces are discussed i.e. bargaining powerof supplier, bargaining power of consumers, threat of rivalry, threat of substitute. Thesefactors gets to know about competitors in industry, so policies can framed competing them.There is difference in working style of every organisation, so in order to compete inindustry managers of “Shape Up and Curves” fitness club has to make strategies throughwhich they can communicate to consumers. As there are different others ways such asmeditation, morning and evening walk, etc. So if prices are high at “Shape Up and Curves”fitness club, then consumer will change their preferences. So I planned new and differentdiscount offers for making long term relations with them. This also provides knowledgeabout impact of rivalry. In fitness centre as people are becoming aware, so possibilities arebright that other organisations will also improve their fitness services. Business canvas Model- Business canvas model is also used in this business plan becausethis is the best framework which provides knowledge about products and services we areservices with targeted consumers. So business canvas model is the tool and technique forbusiness development which assist in knowing what is the way through which success ofindustry can be gained. It is essential to understand specific changes which are related andrelevant in context of understanding external environment. There is requirement offinancial assistance as well for analysing new resources, machines, etc. “Shape Up andCurves” fitness club is the organisation which is coming new services such as kids zone,
[PDF] Business canvas model Assignment_4

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