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Entrepreneurship Assignment: Essence Drink

   

Added on  2020-06-06

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ENTREPRENEURSHIP
Entrepreneurship Assignment: Essence Drink_1

Table of ContentsINTRODUCTION...........................................................................................................................1TASK...............................................................................................................................................1CONCLUSION................................................................................................................................5REFERENCES................................................................................................................................6
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INTRODUCTIONAn entrepreneur is an individual who is known for his is taking abilities to run a businessassociation and this whole procedure is called as entrepreneurship and firm that single person isrunning is called as enterprise. Speciality of these firms are different idea that entrepreneurpossess while planning business operations. These associations are developed in order to gaincompetitive advantage at marketplace. These companies have less than 550 employees toconduct business operations. This report is comprised as innovations is a process that developsthought of establishing a business organisation. Innovation is a process that is launched foradding some attribute and elements in order to maintain uniqueness of product along with puttingsome extra benefits to increase value of item. Innovation is defined as development in procedureof manufacturing an item to enhance its price and goodwill in market as well as in industry.Essence Drink is a company that produces flavoured drinks in United Kingdom.TASKBackground of Company: This report is based on Essence drink company which is aflavoured drink producer in UK. This association is not having many employees becausemanagement does not deal with more number of customers and because of this reason revenuesare low. Reason of low consumers are customised drinks which is not address all kind ofcustomers. Flavoured drink that company is making have some different attributes so everyperson can not take this. As per given case, Essence Drink company is going to introduce a newand improved drink in marketplace for expanding business operations not in home country butalso in other nations. For competing with competition, association will use new and latesttechnologies in promotion and in manufacturing process as well. For surviving in market,Essence drink has to install some novel techniques in their operations. Scope of Ideas for Innovative ProductsThis is entrepreneurs who are having different sort of ideas which they apply in businessoperations. Distinct thought can be defined as thinking that enables business owner to introducesome latest tools and techniques. For implementing technologies in business operations thenentrepreneur suppose to consider all aspects related to technological environment. Concern ofthis section is checking feasibility and profitability of innovative product in marketplace.Meaning of scope is future opportunities that are related with concerned topic which is launch of1
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