Business Plan Report for Go Organic Go Organisation
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Added on 2023/06/15
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This report provides a comprehensive analysis of Go Organic Go organisation and its business operations. It covers detailed information about business, macro-environment overview, market and industry analysis, competitors analysis, marketing and pricing strategies, operations plan, SWOT analysis, and financial requirements.
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Contents INTRODUCTION...........................................................................................................................3 MAIN BODY..................................................................................................................................3 Business details............................................................................................................................3 Macro environment overview......................................................................................................4 Market and Industry analysis.......................................................................................................5 Competitors Analysis...................................................................................................................7 Marketing and pricing strategies.................................................................................................7 Operations plan............................................................................................................................8 SWOT Analysis...........................................................................................................................8 Financial requirement..................................................................................................................9 CONCLUSION..............................................................................................................................11 REFERENCES..............................................................................................................................13
INTRODUCTION Business plan is defined as the formal written document that contains various goals of business, methods and attaining determined goals as well as time-frame within goals need to be achieved. It is the roadmap that describes details of business, organisational marketing, financial and operational plans that help business to attain determined goals and objectives in efficient manner. In this report, chosen organisation is “Go Organic Go” which isanorganic store in Newcastle. Organisation provides organic food products to their customers as well as spread awareness among people regarding their own health. Organisation deals in number of products thatareimportantforcustomer’slifeandimmunesystem.Thisreportcoversdetailed information about business, macro-environment overview and organisational marketing and industry analysis. Along with that, competitor’sanalysis, business marketingand pricing strategiesexplained. Business operationalplan, financialanalysis and organisational swot analysis is mentioned in this project report. MAIN BODY Business details Go Organic Go is the organisation that offers organic food products to customers.Oorganisation provides range of products such as organic fruits, vegetables, juices, dairy products and various other eatable products. All these products are produced by organic agriculture. Organisation do not use any kind of pesticides and chemicals in producing food products that attract health- conscious customers towards organisational products. Customers are demanding for organic products to improve their immunity system as well as they change their diet and shift towards organic products(Alonso-Vazquez, del Pilar Pastor-Pérez and Alonso-Castañón, 2018). So, organisation provides health, fresh and organic food products that boost immunity power.Organisation targets customers of age group between 15 to 45 who belongs to middle- or lower-class background. Organisation targets both men and women to provide its organic food products. Organisation meet customers’ needs through provide organic and fresh products that remain them healthy and immune from any disease.
Macro environment overview PESTLE analysis: Pestle analysis is defined as the framework that help business to analyse external factors of environment that impacts organisational performance and functionality in positive as well as negative manner. Factors of Pestle in the context of Go Organic Go organisation are mentioned below: Political factors:There is high political pressure is found of food industry because stability of government enhance country’s economic activities so government develop various regulations to control business activities(Cant, 2018). UK is the politically stable country and imposes free trade agreement for organic food industry that provides opportunity for Go Organic Go organisation to spread business operations. Economic factors:Economic factors, incidents and conditions of country impact on organisational growth. It impacts on organic food organisation due to various reasons like interest rate, consumer spending, taxation, disposable income and economic recession. UK is economically stable country and customers have high purchasing power that increase sales of Go Organic Go and flourish business operations rapidly. Labour cost, supply cost increases selling prices of organisation. Social factors:Social factors impact eating habits of people as well as local trends of food. Consumer attitude is complex about the organic food products and they link it with their identity, environment, consciousness and ethics. Using organic food products is becoming popular in young generation in UK helps Go Organic Go organisation to attain the objective of higher sales. Customer find that organic food products are beneficial for their health that attract them towards products. Technological factors:Advancement in technology and innovation helps business to gain competitive advantages over other competitors. Go Organic Go uses latest technology in production,packagingandsupplyingprocess(Deligeorgiou,2018).Organisationprovides products through online order and home delivery that enhance business sales and customer base. Legal factors:Go Organic Go comply various legal rules and legislation to run business in efficient manner. Organisation focus on company law, health and safety law and other that help business to protect from any legal penalties and compliances.
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Environmental factors:Go Organic Go do not use any king of chemical fertilizer, pesticides and preservatives that protect environment. Organisation adopts waste management process that improve organisation image in market. Market and Industry analysis STP analysis: STP analysis is undertaken by the organisation for the purpose of developing specific as well as actionable marketing strategy. STP analysis of Go Organic Go organisation is mentioned below: •Segmentation:Segmentation is defined as the process of dividing whole market into small segments according to similar characteristics and aspects. Go Organic Go segments market on the basis of size, value, demographic details and geographic locations. Organisation segments regional and state market that is large in size. In demographic segment, organisation decide the age group like 15 to 45 to whom business serves its organic products. Respective organisation segments market on thebasisbasesof age (15 to 45), gender (male and female both), social class and income (middle- and lower-class customers). •Targeting:GoOrganicGoorganisationusesdifferentiationmarketingaswellas targeting approach through providing range of organic products. Organisation target customers on the bases of demographic segments(Efstathiou, 2018). It targets customers age between 15 to 45. Organisation targets male as well female for providing its organic food products. Along with that, respective organisation segregates customers in middle and lower class who can easily afford the products and organisation can generate higher profits. •Positioning:Go Organic Go provides high quality, fresh and organic products to its customersthatmaintainstrongimageoforganisationinthemindofcustomers. Organisation adopts innovative packaging style that attract number of customers towards organisational products. Organisation maintains strong and differentiated positioning than other competitors after launching quality, fresh and organic products in market place. Porter’s five forces: Bargaining power of buyers:Bargaining power of buyers are defined as the ability of buyers to control organisational profitability. power of buyers depends on number of buyers,
cost of buyers switching and importance of each buyer for organisation. Go Organic Go faces high power of buyers due to low switching cost that enable customers to switch brand from other where they get better quality products at affordable prices. Losing each customer impacts on organisation profitability and sales because business has limited number of customers. Bargaining power of suppliers:Power of suppliers are defined as the how it is easy for suppliers to drive up the prices of products. Supplier’s power depends on size and strengths of suppliers, uniqueness of products they provide and cost of switching. Go Organic Go has limited suppliers who provide it organic products and material(Hambali, 2020).Suppliers possess high power so they impact organisational sales and profitability ratio through providing material on higher prices. Threat of new entrants:Threat of new entrants defined as the how it is easy or difficult for competitors to enter in industry. Organic food product industry is the fastest growing industry that attract businesses to attain higher profitability and growth opportunities because now customers are conscious regarding their health and well-being so they chose organic products that improve their immunity(Heo, Kang and Kim, 2018). There is no strict rules and regulations are imposed by the food industry and industry earns high profits due to higher customer base that attracts new entrants as well as create threat for Go Organic Go organisation. Threat of substitutes:Threat of substitute is related to the situation when buyers find other products with attractive prices.Ssubstitute products provide opportunity to customers to switch one brand from another at little cost. Go Organic Go faces high threat from substitute products because there are various competitors provides similar characteristic and value products at lower prices that impacts on organisational sales. In market organisation provides range of organic products that impacts organisational performance. Existing rivalry within industry:Existing rivalry is defined as the number of competitors exist within industry and shape other factors of market. As per the high demand of organic products, various organisation deals in this segment and provide organic food products to customers. Go Organic Go faces high competition from organisations because they also provide similar organic food products to customers.
Competitors Analysis Competitor’s analysis is the form of strategic management that help business to assess strengths as well as weaknesses of current and potential competitors. Go Organic Go is the organisation that provides organic products through spreading awareness among people regarding their own health.Analysationofcompetitorsstrengthsandweaknesshelpbusinesstounderstand marketing trends and customers demand as well as it facilitates business to recognise that organisation meet customers’ needs and requirements or not. There are various organisational that provides organic food products impacts organisational performance and profitability in negative manner(Klante and Thiex, 2020). Chiritie International Limited is the organisation of UK that also deals in organic food, drink and other products. Organisation has strong brand image and skilled employees that strengthen brand in market on the other hand, business not bring innovation in its products and not spend on advertisement that impacts organisational performance through reducing customer base. Go Organic Go organisation analyse these factors of its competitors and take business and product related decisions accordingly. Marketing and pricing strategies Marketing strategy:Marketing strategy is defined as the process that help organisation to manage resources in efficient manner to gain greatest opportunities regarding higher sales and attaining sustainable competitive advantages. It helps business to reach perspective customers and turning them into potential customers. Differentiation marketing strategy:Go Organic Go adopts differentiation marketing approach through which organisation provides number of products within marketing mix that are unique,distinctanddifferentfromothercompetitoroffering.Ithelpsbusinesstogain competitiveadvantagesthroughattractingcustomerstowardsbrandbyprovidingunique products and services(Kolhoff, 2020). As organisation is specialized in providing all types of organic products in market so it creates innovation in them to make them different from other competitors in market. It facilitates business to gain higher market share and customer base. Pricing strategy: Pricing strategy is defined as the process of setting products and services prices. It helps business to gain better outcomes on product selling. Go Organic Go organisation uses targetsegments,competitors’policyandmarketingtrendstosettingpricingstrategies. Organisation uses dynamic pricing and provides different discounts at initial stage for attracting higher customer base. Organisational marketing strategies are explained below:
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Competitive pricing strategy:Go Organic Go organisation uses competitive pricing strategy through which organisation sets its prices on the bases of competitors pricing strategies. Organisation analyse competitors’ strategies and adopt some aspects that help business to gain advantages. Value based pricing strategy:It is another pricing strategy that is used by Go Organic Go organisation through which organisation set prices of products according to target customers and market trends(Rockas, 2019). Organisation conducts proper research to analyse these aspects and set prices accordingly. Operations plan Details about product:Go Organic Go organisation provides organic food products through opening organic stores in market. Organisation provides range of organic and fresh food products that improves customers health and well-being. Organisation provides its products at affordable prices to attract target customers(Scott, 2020). Organisation provides its products and services through online and online modes that enhances business market share. Location:Go Organic Go established in Newcastle which is the largest city of North East England. It is eight most populous urban area of UK. Organisation provides its organic food products in Newcastle through opening organic stores. Transport links:Go Organic Go organisation uses land transportation links such as buses and trains that help business to gather raw material as well as distribute finished products to customers at different part of market and location. Legal considerations:Go Organic Go organisation fulfil various legal considerations in terms of stating business and running it in efficient manner. Organization follows contract law and fulfil promises that are make during the period of contract that help business to perform all operations in legally manner. Along with it, organisation also follow other legislations such as health and safety law, labour low and others that help business to perform efficiently. SWOT Analysis Swot analysis is defined as the strategic framework that help business to identify their strengths, weaknesses, opportunity and threats. Analysation of these factors enable business to take efficient decisions. Swot analysis of Go Organic Go organisation is mentioned below: Strengths:
Go Organic Go provides organic food products that are rich in vitamins, minerals and fibre that attract customers towards organic products than other competitors. Demand of organic food product is high instead of high prices(Vu, 2019). As consumers are willing to pay more for organic products due to less use of pesticides as well as high nutritive value. Weaknesses: Low awareness of organic food products among customer is the factor that reduces the demand and sales of organic products that directly impacts on organisational profitability. Go Organic Go organisation has limited number of suppliers that provides organic products limits organisational efficiency. Opportunities: Changing food habits of consumer and their health-conscious behaviour are the factors that create opportunity Go Organic Go organisation. it enhances organisational customer base and sales. Standard of living of UK customers is high that enhances demand of organic food products in market. Increasing awareness regarding health benefits from organic products create opportunity for business through boosting organisational sales. Threats: Cost of organic products are more expensive than other conventional food product so customers back towards other food products. It creates threat for Go Organic Go organisation because it reduces organisational sales and profitability. There are various competitors exist in the market that are also dealing in organic food products. Competitors impacts on organisational sales and profitability in negative manner(Watson and McGowan, 2018). Downturns in economy and critical conditions also impacts business performance. Financial requirement Estimated cost of sales and expected selling price
Fixed and running costs for The Bake Whisperer Profitability and breakeven analysis ofThe Bake Whisperer
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CONCLUSION From the above report, it can be concluded that strong business plan provides guidance to perform operations in efficient manner and attain determined goals and objectives on time. There are various external environment factors that are exist outside business boundaries and impact its operations and functionality. Business considers external as well as internal factors to develop business policies and plan. Before starting new business, entrepreneur analyse competitor’s strategies, marketing trends and conditions than develop organisational operational plan that help business to gain sustainable competitive advantages. Financial resources are necessary to perform business operations in efficient manner so, business analyses these requirements and include them in business plan.
REFERENCES Books and Journals Alonso-Vazquez, M., del Pilar Pastor-Pérez, M. and Alonso-Castañón, M.A., 2018. Management and business plan. InThe Emerald Handbook of Entrepreneurship in Tourism, Travel and Hospitality. Emerald Publishing Limited. Cant, M.C., 2018. Blueprint for a business plan competition: Can it work?.Management: Journal of Contemporary Management Issues,23(2), pp.141-154. Deligeorgiou, A., 2018. Business plan and enterpreneurship. Efstathiou, N., 2018. Business plan for a starting company. Hambali, W.K., 2020.Business plan: Tutoria strategic plan(Doctoral dissertation, Universitas Pelita Harapan). Heo, Y., Kang, J. and Kim, K., 2018, June. Strengthening Business Plan via the Market-Oriented InformationInfrastructure.InISPIMInnovationSymposium(pp.1-21).The International Society for Professional Innovation Management (ISPIM). Klante, M. and Thiex, M.A., 2020. The Role of Business Plan Competitions and Start-up Success Drivers in New Venture Development. Kolhoff, L., 2020. Businessplan. InExistenzgründung in der Sozialwirtschaft(pp. 139-144). Springer VS, Wiesbaden. Rockas, R., 2019. Strategies for Success in Small Business Bakeries: A Business Plan. Scott, B., 2020. Uncertainty calls for new business plan. Vu, K.V., 2019. Constructing a business plan for a wedding application based on Business Model Canvas. Watson, K. and McGowan, P., 2018. Emergent perspectives toward the business plan among nascent entrepreneur start-up competition participants.Journal of Small Business and Enterprise Development.
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