Business Development Assignment Solution

Added on - 22 Nov 2020

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ENTERPRISE & BUSINESSDEVELOPMENT ASSESSMENT1 & 2
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1ASSESSMENT 1 Business Idea......................................................................................................1Market need.................................................................................................................................1Value Proposition.........................................................................................................................2Target Customer...........................................................................................................................2Revenue Model............................................................................................................................3ASSESSMENT 2: Business Plan Report.........................................................................................4Business concept..........................................................................................................................4Economic overview.....................................................................................................................5Market & Industry Analysis.........................................................................................................5Competitor analysis.....................................................................................................................5Marketing & Pricing Strategies...................................................................................................6Operation plan..............................................................................................................................7SWOT Analysis...........................................................................................................................8Financial requirements...............................................................................................................10CONCLUSION..............................................................................................................................14REFERENCES..............................................................................................................................15
INTRODUCTIONHomie Beauty product have been planning to initiate the business will the totally new concept of launching beauty products in themarket. It has been planned by the professionals of this organisation that they will initiate business mainly in Manchester UK. Alongwith this, they have also planned to perform the online operations with collaborating several online organisations as well as operatingtheir site. In the present report, there will be presentation of business proposal and plan based of Dry hair shampoo product. Moreover,there will be determination of effective analysis over the market and consumer requirements for such products.ASSESSMENT 1 Business IdeaTo propose the industrial idea there will be analysis over the market and draft of operations required to be prepared. Thus, in thisassessment there will be analyses over the consumer needs, product features, value proposition as well as ascertainment of revenuesources.Market needAs per analysing the current market scenario there is much importance is given to the time. Thus, reaching a destination of time,completion of work in a required duration are the prime requirement which have been made by individual stated in the firm. Thus, inrespect with such ascertainment there will be less time remains among individual for own-self(Hopp and et.al., 2018).Along with this there are various issues which have been faced by people relevant with their hair and inappropriate time forwashing them such as residue, stickiness, heavy formula and Unappealing scent. Moreover, there are issues relevant with the hair fall,fizziness, roughness as well as improper time far washing them have been affecting health and growth of hair(McKenzie, 2017).Thus, concerning such factors have encouraged professionals of Homie Beauty Products that they will have appropriate time formanaging the health of hairs.They have proposed to launch a dry hair shampoo which will be a quick and helpful technique to be used for hair. Instead ofwashing hairs one can just revive them with applying such shampoo in their hairs(Peters and Thomas, 2017). It will help in bringingeffective style and freshness in hairs which will effective in growth, shine, freshness as well as health of hairs.1
Value PropositionIn respect with analysing the value proposition of this dry hair shampoo on which it can be said that, this will totally be newconcept which will be appealing among buyers. Thus, there are various benefits which are associated with this product withconsidering the style and health of hair. However, in this aspect where researcher and professionals of Homie Beauty Products havedecided to launch the product on a reasonable rate which will be convenient as the prices will fits in their budgets(Marano, Henthorneand George, 2017). Along with this, it can be said that, there will be use of herbal and organic product as ingredients of this productwhich will reduce the changes of having any reaction or creating any damage to hairs. Similarly, with the impacts of using naturalproducts, which can easily be used on all skin types.The process for manufacturing the product and delivering it among the society on which professionals of Homie BeautyProducts have planned various strategies. There will be a manufacturing plant as well as defemination of the potential suppliers whowill analyse and make efforts in terms of dealing the products among the market. Along with for manufacturing the product there willbe implication of various organic products and herbs which will be effective in satisfying the large consumer segmentations.It will be cost effective to the producers and suppliers in terms of dealing in the natural products through own plant. There willbe higher initial costs in industry which will affect their capital structure as well as there will be obstacles in terms of meeting theoperational requirements(Thomas, 2018). Thus, in respect with such ascertainment there will be use of various techniques andoperational determination which will make effective analysis over the market as well as creation of strategic plans will help indemonstrating business aspects.Target CustomerHomie Beauty Products have proposed to launch Dry hair shampoo which will be effective in helping all kinds of hairs as wellas it will be used by every individual in the society. Due to less chances of having any reaction there will be target over entire market.Men, women, kids as well as seniors can easily apply and implicate the use of such products on their daily basis.2
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