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Business Essentials Assignment (Doc)

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Added on  2020-10-05

Business Essentials Assignment (Doc)

   Added on 2020-10-05

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BUSINESS ESSENTIALS
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TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................1(1) Justification regarding choice of country, logistical, ethical consideration and structuralchallenges for expanding........................................................................................................1(3) Implications of needs for expansion ................................................................................2CONCLUSION................................................................................................................................3REFERENCES ...............................................................................................................................5
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INTRODUCTIONFor expanding business, there are various factors that has to be analysed such as microand macro. Thus, it is very important to analyse those factors so that strategies can be developedaccordingly. This report is based on Hank Marvin and Patty Smith, they want to open new coffeeshop in another country. For this they have to analyse which country will be the best for theirbusiness to expand. Also, in this report the implication of needs for expanding business inBelgium is discussed (Bloom and et.al., 2015). MAIN BODY(1) Justification regarding choice of country, logistical, ethical consideration and structuralchallenges for expandingHank and Petty wants to open their coffee shop in Belgium, but there are manychallenges regarding expansion of business. So for this several aspects has to be taken intoconsideration regarding the choice of country. These are as follows :- Choice of Country : For expanding the business proper analysis must be done to identifythe country environment, rules and regulations, culture, etc. Hank and Petty is planning to opencoffee shop in Belgium.(Dawson and et.al., 2016). Hank and Petty has chosen Belgium to opentheir coffee shop.Belgium is the best country to expand business for Smith Coffee Shop. This is becausethis country has a proper culture and people there like to drink coffee often. Apart from this,Belgium has only few coffee companies so Smith coffee can expand their business. Logistical Consideration: It refers to the supply of raw materials from the place toorigin to production. In order to open their coffee shop in Belgium. Smith coffee shop alreadyexists in London so they just have to supply raw materials from there. Besides this, they needeffective logistics management. As the coffee beans are imported from Uganda so it will increasesome cost to Smith coffee shop. Therefore, it must be consider by developing effective plan.Apart from this, risk assessment and time management planning must be done to ensure properarrival of raw materials. This will help in meeting the demand of market and gaining marketshare (De Jong, Maya and Van Lith 2015).Logical consideration refers to developing a proper procedure on how expansion will bedone. For expanding business in Belgium, Smith coffee needs to have a proper plan and1
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