Human Capital and Entrepreneurship: Strategies for New Business Start-up

Human Capital and
Entrepreneurship

TASK 1
New business idea covering all the elements
 Product or service: The first and main work for establishing a new
business is what will the product and service. For an example, for a
restaurant business fast-food items will be the product.
 Priority Customers: Customer priority is one of the major concept
which should be considered during a new business venture.
 Superior Value Propositions: Customer value proposition describe
a marketing statement of business which demonstrate why should a
customer buy product or services.

CONTINUE
 Superior Value Propositions: Customer value proposition describe
a marketing statement of business which demonstrate why should a
customer buy product or services.
 Channels: Channels refers to the process of business products and
services to customers. Channel can be described as a path in which
organisation supply its products to customers in the market.
 Relationships & Partnerships: Relationship and partnership are
both important as well as in their own regions. Customer relationship
is important for the firm in order to increase satisfaction and loyalty
which lead towards production and profitability

CONTINUE
 Resources Requirements: Resources are the main factors to
establish a new business. Every business requires resources to run
operational activities in order to produce production and profitability.
 Competitive Strategy: Competitive strategy is developed by
business management in order to increase competitive advantage
over its competitors in the business.
 Identity: Identity refers to determine business various resources and
other needs which helps to establish new objectives and aims for the
organization.