Entrepreneurship and Feasibility Study for Emy's Fast Food Restaurant
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Added on  2023/06/07
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This presentation discusses the entrepreneurship and feasibility study conducted for Emy's Fast Food Restaurant. It covers the motivation behind the business, the process applied for generating the business idea, feasibility studies conducted, details of the product/service offered, potential market opportunities, and more.
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Enterprise and Entrepreneurship
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Table of Contents INTRODUCTION Motivation for choice of business The process you went through to generate this business idea Feasibility studies conducted Details of the product/ service to be offered Potential market opportunities Attractiveness of the industry Vision of your business Conclusion Reference
INTRODUCTION The enterprise or entrepreneurship is basically referredtowholeorganizationandtheyare responsibleforcarriedwholedepartmental activities in smooth manner. The main motive of enterprise is to serve the best quality products and services to users according to their desires and wants for long time.
Motivation for choice of business The main motivation which comes for starting this type of business is that the current trends andcultureoffastfoodwhicharegoing betweenyounggenerationsandchildren. Because in today’s time in comparison with normal food snacks or fast foods are highly young generations and other type of customers.
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Process applied for generating business Forgeneratingorestablishingthistypeof businessideatoplevelmanagementapplied various types of methods in new market and location. Due to the effective use of various methodsEmy'sfastfoodrestauranteasily identified the needs and desires of customers within low time.
Feasibility study conducted Intheprocessoffeasibilitystudythe managementofEmy'sfastfoodrestaurant appliedSTPfortargetingthebeneficial audience. The STP is basically a method which isusedbycompanyforclassifyingthe consumers in systematic manner according to their needs and desires.
Details of products to be offered Accordingtocurrenttrendsandculturethe selected firm is introduced Turkish shawarma, sandwiches and beverages in new market. The main highlights of this type of products is that it ismadewithhealthyintranetsandvarious flavourswhicharehighlybeneficialfor customer health.
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Potential Market Opportunities The PEST analysis is defined as the study of key external factors which produced the impact on the activities of organization in both positive and negative aspect. The marketing mix is basically defined as the combination of various tactics or actions which isutilizedbycompanyforpopularisingand promoting their products.
Attractiveness of the Industry The porter's five force model is basically a toolwhichisusedbyorganizationfor evaluating the operating environment of a competition of business. The stages which are included in this model are -
Vision of your business Themainvisionofthisorganizationisto providebestqualityservicesandgoodsto customers in long time without any type of discrimination(Morris,SantosandKuratko, 2021). The other vision is to maintain positive relationship with all customer segments for long time with help of facilitating hygiene and safe products.
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Conclusion After the above analysis, it concludes that the activities of entreprise plays the crucial role for delivering quality service and products to customers in long term. Due to this organization easily sustained strong positive relations with customers for long time. The report will cover motivation for choice of business, the process which is went through to generate this business idea. It further explains feasibility studies, details of the product/ services to be offered, potential market opportunities and attractiveness of industry.
References Agrawal, R., 2022. Conceptual Framework for Sustainable Entrepreneurship. Journal of Applied Management-Jidnyasa, 14(1), pp.61-74. Cui, J., Sun, J. and Bell, R., 2021. The impact of entrepreneurship education on the entrepreneurial mindset of college students in China: The mediating role of inspiration and the role of educational attributes. The International Journal of Management Education, 19(1), p.100296. Dana,L.P.,2021.Religionasanexplanatoryvariableforentrepreneurship.In World Encyclopedia of Entrepreneurship. Edward Elgar Publishing.