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Entrepreneurial Business Planning Linfox Logistics

   

Added on  2021-06-15

11 Pages2233 Words70 Views
Business DevelopmentEntrepreneurship
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Running head: ENTREPRENEURIAL BUSINESS PLANNINGEntrepreneurial Business Planning (Linfox Logistics)Name of the University:Name of the Student:Author Note:
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1ENTREPRENEURIAL BUSINESS PLANNINGExecutive SummaryEntrepreneurship is all about running and starting ones’ own business. Before operating orstarting a new business, the entrepreneurs need to research the viability of those businessesand also develop a strategy in order to execute the business. However, the steps forperforming these are often similar, regardless of the venture, but the specific areas or issuesfor investigation generally depends upon the business type as well as the industry it is in. Thereport will discuss about a venture and how it managed to become one of the leadingbusinesses in the modern world. The report throws light on a well established entrepreneurLindsay Fox and his business Linfox Logistics, its interaction with the ecosystem,opportunities and execution of the entrepreneurship, how the venture progressed as comparedto the theories and other factors.
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2ENTREPRENEURIAL BUSINESS PLANNINGTable of ContentsIntroduction................................................................................................................................3Interaction of the Venture with its Ecosystem...........................................................................3Entrepreneurial Opportunities of the Venture............................................................................4Growth of the Venture as compared to the Theories.................................................................5Value Creation by the Venture...................................................................................................5Growth Strategies adopted by the Venture................................................................................6Probable harvest initiatives of the Venture................................................................................7Conclusion..................................................................................................................................7References..................................................................................................................................9
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3ENTREPRENEURIAL BUSINESS PLANNINGIntroductionThe entrepreneurial course offers the students with several opportunities and a broadrange of topics essential for leading the entrepreneurial ventures, including idea generation,raising capitals, marketing strategies, feasibility analysis and others. In the words of Drucker(2014), Entrepreneurship is all about ambiguity, failure, risk as well as success. It is justabout embracing it and learning from it. The purpose of the report is to throw light on a wellestablished entrepreneur Lindsay Fox and his business Linfox Logistics. The report willthrow light on the interaction of the venture with its ecosystem, opportunities and executionof the entrepreneurship and how the venture progressed as compared to the theories. Inaddition to this, the report highlights the critical evaluation of the entrepreneurial finance, lawand marketing of the venture. Lastly, it will discuss about the growth strategies being adoptedby the venture and the possible harvest initiatives of the venture. Interaction of the Venture with its EcosystemIn the year 1956, Lindsay Fox, the founder of Linfox Logistics started with a singletruck in Melbourne, a city of Australia. Over the decades, several new businesses have grownthrough mergers and acquisitions like Mayne Logistics, Provincial Freight lines and FCLInterstate Transport Services as well as some forming joint ventures like BevChain with theLion Nathan and operating in the resources sector with Agility Logistics (Linfox.com, 2018).In modern days, the venture of Linfox Logistics has grown to a huge extent with more thanfive thousand trucks and it is a part of broader Fox Group, which includes the following;Linfoc Property Group.Linfox Armaguard.Linfox Airports.
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