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Launching a New Venture : Report

   

Added on  2020-07-23

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Launching a new venture
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Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Explain new venture for the chosen organisation identifying specific target market andattain competitive analysis..........................................................................................................1P2 Determine specific tangible and intangible resources that replied for launch new venture. .3TASK 2............................................................................................................................................3P3 Proposal to launch in the chosen business.............................................................................3P4 Skills and Capabilities required to launch a new venture .....................................................5P5 Different types of promotional activities and channels .......................................................6P6 Promotional launching plan ..................................................................................................7TASK 4............................................................................................................................................8P7 Cash Budget for Qbit new venture.........................................................................................8P8 Legal form for the new venture.............................................................................................9CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................11
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INTRODUCTIONIn respect to deal with the innovative functions, small business considered severaloperations and functions. With the help of the creative functions and outcomes massiveundertaking activities involves attaining results with knowledge to build. Professional activitiesmake business plan that help to get vision that really ensure success. Successful results also doneto make results to attain desired results (Kristinsson, Candi and Sæmundsson, 2016). In order tofocus on the present report, it covers new venture for develop Qbic hotel to identify target marketand undertake competitive analysis. Furthermore, it explains specific tangible and intangibleresources that are required to launch new products. In addition to this, identify skills andcapabilities that needed to launch new venture in the business. At last, it provides promotionalactivities plan to launch and pre-launch for the new venture. TASK 1P1 Explain new venture for the chosen organisation identifying specific target market and attaincompetitive analysisIn respect to implement the effective functions and operations new venture need toconcentrate on their different kinds of strategy which helps to attain competitive advantages. Inaddition to this, in the Qbic hotel, it is important to concentrate on the following elements tomake effective results:Positioning in better manner than prospecting: In respect to make desire results andoutcomes, it is important for Qbic hotel to focus on the competitive arrangements. In this regard,they need to focus to make their better position. This is because, it will help to make results toattain competitive results. Further, the company can also set their activities as per theirdevelopment of business outcomes (Deligianni, Voudouris and Lioukas, 2017). In this way, thechosen firm need to add unique and innovative functions so that effectiveness could beincreasing in successful results. With the help of the better manner prospecting, new venturecould be launch easily. In addition to this, new features such as luxury accommodations andoutcomes will be implemented that are needed to perform several activities. Implement certain movements: Qbic hotel is small enterprise so that they need to addmore features and activities through they will able to attain desired results. In addition to this,certain aspects need to implement that consider as movements to make effectiveness (Deligianni,Voudouris and Lioukas, 2017). In this regard, activities that not give proper results such as1
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employees behaviour, their knowledge, etc. In respect to make effective functioning, it isimportant to provide proper training to each candidate so that results will be develop easily. Inaddition to this, the enterprise will also able to consider their targets and segment more to attaindesired activities at workplace (Deligianni, Voudouris and Lioukas, 2017). It will help to createmore systematic work performances to make more systematic activities at business environment.In this way, the chosen enterprise able to compete with big enterprises easily and attaincompetitive advantages as well. Stand on shoulders of giants: In respect to develop effective results, it is important toQbic hotel to look towards the giants. It will help to select extraordinary power people in thebusiness. Further, it also assists to provide proper responsibility and targets to each person atworkplace (Frid, Wyman and Coffey, 2016). Therefore, desired results and objectives will beattain in systematic manner. In addition to this, on the basis of employee performance the citefirm will able to deal with their functions and operations. On the basis of targets and goals,activities design that helps to meet with other advantages that consist through employeesperformances. In order to look towards the performance objectives and goals, it can be stated thatchosen business easily make targets and goals at workplace (Deligianni, Voudouris and Lioukas,2017). Popular developer: Along with this another important element consider which is populardeveloper at workplace. It will help to make sure that effectiveness in the business environmentdevelop for attain more targets and goals. With the help of the innovation and profitabilityfunctions, activities design that helps to make targets and goals. In Qbic, developer is a personwho lead the whole business and ascertain systematic work performance. Therefore, it will helpto make advantages to consider more systematic program in business. In addition to this, it helpsto make innovations and creativity at workplace (Kristinsson, Candi and Sæmundsson, 2016). Create raving fans and advocates: Moreover, in the chosen business, new ventureestablish with create raving fans and advocates. It will assist to make sure that desired resultswill be gain to make sure that targets and performance will be develop in systematic manner. Inaddition to this, more systematic work performance consider establish new operations andfunctions in the business environment (Albort-Morant and Oghazi, 2016). Establishment of thesystematic work performance assists to make new activities that helps to focus on the newventure of Qbic hotel. 2
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