Report on Business in Action - Smartbags
Added on 2020-06-04
7 Pages2044 Words37 Views
BUSINESS IN ACTIONPatchworks Portfolio(SMART BAGS’S)A Small Business VenturePresented by:14396 , I.D. Number14396 , I.D. Number_____________, I.D. Number_____________, I.D. Number_____________, I.D. NumberMay 2018
PATCH 1 INTODUCTIONIn order to establish any market, it is required to have proper analysis made so that the scopecan be analysed. As per the criminal aspect is concerned, the rate of theft that take place atMuscat is raising tremendously (Oman, Tumer and Seepersad, 2013). In order to overcome thisissue, new firm is introduced that provides security to luggage’s that a person carried. Name ofthe company will be Smartbags that provides all type of bag of all size. These bags havecharging facilities and it user can track then even if they forget to take them. IMPORTANCE OF ENVIRONMENTAL SCANNINGIn order to conduct the environmental scanning, there are different type of tool that can beused. It covers six elements that provides where the country stands. This is a type of industry thatwill enable to provide security and support to people. Further, the rate of theft that takes place atMuscat will get reduced. The firm will be established near Mina al Fahal as this is one of themost popular places of Muscat where travellers visit. This will enable to convey informationregarding the bag and this it can help to raise the sales. Even the local people prefer to visit thisplace and it will enable to make sure that their stuffs are safe. Tourists who visit this particularplace is high and so that this can help in making the business to attain their set of goals andobjectives. However, people face issue in relation with theft and so people are scared. This is atype of issue that is being faced due to which people are scared. INDUSTRY ANALYSISWith time, there is various type of changes that has taken place in relation with technology.Digital bags will help to make a better place were the rate of crime can be reduced. For example,the use of internet was very low at the initial stage but with time people have made it to be one ofthe most effective source for purchasing goods. Similarly, these digital bags will be helpfulenough for individuals to be secured regarding their luggage’s that generally gets lost whenproper care is not taken (Al-Belushi, Stead and Burgess, 2015). In order to overcome the issuesfaced at Muscat, use Smartbags are will enable to reduce the rate of crime. Thus the fear thatpeople have in their mind will also get reduced.
HISTORICAL ENVIRONMENT ANALYSIS One the product is established at local level, then other states of within the country willbe targeted. In order to make it reach to international level online platform will be used so that allare able to make use of the goods provided by Smartbags. The criminal records are increasingand this will help to reduce this rate to high extent. The rate of employment is also low and thisis considered to be one of the reason due to which people are getting into criminal activities.However, these bags will support government to catch criminals and can also be stated effectiveon reducing the rate of crime. When individuals develop fear of getting caught, then becomeshelpful enough to reduce the crime rate. With the help of this product, the business will be ableto develop that fear and thus government will get benefited. OPPORTUNITY FOR BUSINESSMain opportunity that will be attained from this business is support to government inreducing rate of criminal activities. In accordance with the current situation faced, the rate ofcrime in this place is high. With the help of this product, government will be able to control overcrime in effective manner. Further, the location in which it will be established is close to mosttouristic place and so it will have positive impact providing information to people. In addition tothis, people generally do not have proper understanding about such type of bags and so bydeveloping this market will boost up the moral and in covering the marketing. Further, it alsohelps to provide individuals to charge up their mobile whenever they want. When people get toknow about the products, then with the help of experiences that individuals had will help inmaking other take purchase decision.
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