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Business Essentials of Lawrence Coffee Shop

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Added on  2020-07-23

Business Essentials of Lawrence Coffee Shop

   Added on 2020-07-23

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Business Essentials
Business Essentials of Lawrence Coffee Shop_1
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1Part A .........................................................................................................................................1A new and innovative business idea for implementing a new project .......................................1Part B...........................................................................................................................................2Objectives for a new business idea............................................................................................2TASK 2............................................................................................................................................3External factor analysis for a business........................................................................................3TASK 3............................................................................................................................................5Part A..........................................................................................................................................5Defining to launch an event.......................................................................................................5Part B...........................................................................................................................................5Preparation of a budget for a project..........................................................................................5TASK 4............................................................................................................................................7Use different marketing concepts into business firm..................................................................7CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................11
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INTRODUCTIONIn current time, business essentials is an mandatory concept for every organisationsbecause in which carried out different factors and things which may be beneficial to theimplement a new business idea in the action. With the help of this easy to operate and run theirenterprise in the competitive market place. Generally, this report is totally based on Lawrencecoffee shop which wants to be launch a new coffee product in the market. Basically, it is an newventure which working in the partnership style because it needs more funds to survive. In thisstudy, will be choose an appropriate objective for developing an business plan also will be usedPESTEL analysis tool for analysing and examining major factors of the environment. Therefore,systematically will be demonstrating to launch an event and preparing a effective budget for theproject. At the last, will significantly use different marketing concepts in the context of selectedfirm. (Hair, 2015)TASK 1Part A A new and innovative business idea for implementing a new project Lawrence coffee shop seeks to be start a new branch of coffee shop in which they wantsto be launch a new effective product for customers. This coffee is established at the Park LondonStreet of UK thus, its managers or employers systematically evaluated their major competitorsand which pricing strategies they are using in their business for deciding the price of theirservices and foods.(Wilson, 2014) Another main thing is related to the home delivery procedureof the firm in which managers systematically allocate the products and goods to customers as pertheir order and decided time period. Generally, there are two major causes such as UniqueSelling Proposition another one is placing orders effectively. At the last, there are elaboratingdifferent number of products which offer by Lawrence coffee shop to their clients such as: World coffeeGinger MojitoChocolate icedGourmet coffee etc. However, any business firm not only focus on better quality of products but also theyconcentrate on to use healthy and effective items so that they will not harmful for health of users.1
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