Entrepreneur Development - PDF

Added on - 04 Oct 2020

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ENTREPRENEURDEVELOPMENT
Table of ContentsSECTION 1......................................................................................................................................3INTRODUCTION...........................................................................................................................3SECTION 2......................................................................................................................................4Description on the unique value proposition of entrepreneurial idea.....................................4SECTION 3.....................................................................................................................................6Development in partway that propose to take proposal, taking into account and define at leastone alternative pathway..........................................................................................................6SECTION 4......................................................................................................................................9REFERENCES..............................................................................................................................10
SECTION 1INTRODUCTIONEntrepreneurshipdevelopment is process that inclusive if skills and knowledge ofentrepreneurs for playing their role effectively (Shirokova, Tsukanova, and Morris, 2018). To bethe successful entrepreneur it is crucial to have managerial skill and strong team buildings. Thus,performance is dependent on the ability and willingness to perform activities effectively. In thispresent scenario, they face the tough competition in order to sustain and make mark in the globalmarket. In addition to it, effective leadership attributes are sign of successful entrepreneurs. Theentrepreneur to the enterprise should have the capability in order to understand the need anddemand of the customer in the market. In this report, enterprises has selected one enterprise asFast Food outlet service of UK London.In order to execute the business activities in the proper manner the effective steps areneeded to be taken in terms to opportunity formation and developments. This will be helpful inorder to initiate the business activities in the expertise manner. The develop activities can betaken effectively in term as product development, Market development and organizationaldevelopment activities. In order to take the development plan successfully it is essential todevelop the business plan effective in terms of evaluating the strength and minimise theweakness so that activities can be taken in the effective as well efficiently manner. In addition toit, creation of business plan will be helpful in order to frame the functioning of the business inthe expertise mode.The present assignment will based on identifying new idea to initiate any businessactivities, in this they need to suggest any innovative idea that could helps to bring success tomarket. The main mission statement of New entrepreneur idea should be as to understand thecustomer proper so that better steps can be taken. Furthermore, it can be said that the design anddevelopment plan section will be helpful to provide investors with description. Thus, report willlook upon the things as are new ideas and its proposed development, description about theproduct, services and organisation process (Acs and et.al., 2018). In this, it can be said that thecreativity is the root of entrepreneurship. The discussion is need to be provide on how theinitiatives will be taken into develop the idea in significant manner. Lastly, it can be said thatbusiness strategy must be effective in terms to provide the quality information to the target
clients customer in order to satisfying the needs. The present report has include the activities asto put major focus over the development program so that firm can able to initiate its businessactivities in the proper manner. Furthermore, it is essential to take development plan andalternative development program to conduct the business activities in the effective and efficientmode. The two perspective will be taken as cognitive and organization perspective.SECTION 2Description on the unique value proposition of entrepreneurial idea.Business idea- To launch any idea in order to proceed business activities is essential andit can come from anywhere from personal skills, experience, mass media, hobbies and talents etc.it is need to be framed in effectively so that activities relates to it can be conducted in easy andattractive manner. In this way, here we have decided to start a new business as fast food servicesand that has to established in London. In order to execute the business activities as fast foodoutlet services the location has to be decide and that is one of the mos crucial decision. Thus,firm will be names as “Hungry and Thirsty”. In addition to it, this can be said that the London isone of the famous destination in terms to visit purpose by tourist. Thus, it has decided to opennew venture at the posh area where number of visitors uses to visit. The one of the foremostthing is to decide the ideal location of the enterprise so that firm is able to meet the set challengesin the market. The easily accessible restaurant can have the effective brand image in the marketso it can be possible to run the organisational activities effectively.At the Initial stage they entrepreneur has decided to offer attractive combo offers atdiscounted rates and they also plan to link themselves with online food services so anyone couldorder at any time. To make this plan successful it is essential to identify the perception of thecustomers so that attractive steps can be taken. The need to be managed in well and effectivemanner. The services must be provide in quality manner so it will help to attract the number ofcustomer in the market. In addition to it, this can be said that effective step can be taken in orderto perform business activities in well and effective manner.In this way, it can be said that entrepreneur has decide to provide value proposition intheir services to deliver the customer post purchase. It is one of the effective technique that helpsto deliver attractive services services to buyers. It is kind of explicit value that good and servicesprovide to the customers. Thus, string value proposition will be helpful in terms to meet thecriteria and it has been discussed in following manner as are-
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