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The Business Plan - Assignment

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Added on  2020-05-08

The Business Plan - Assignment

   Added on 2020-05-08

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Table 1 for Assessment 3: Entrepreneurial Process Case, Causation/ Rational-economic approach*CAUSATION BEHAVIORSYes/ NoEvidence in available dataIdentified and accessed long-run opportunities todevelop Trade AidYesFor the survival of the business organization, it is important to determine its future potential.Various marketing factors are being determined along with their probability to change in the future.The organizational culture and procedures are being designed in order to adhere with the future change in the market as well as in the business scenario.Calculated returns of various opportunitiesYesTrade aid will have various opportunities in their business activities. Thus, it is important for them to effectively determine the potentiality of these opportunities.The business plan and the organizational structure are being determined accordingly.Wrote a business planYesTo enhance the effectiveness and performance of the organization, it is important to have an effective business plan.It will act as yardstick for the future operation of the business organization.The business plan covered all the prominent business activities along with considering all the relevant stakeholders (P:1042). Following and effectively adhering to the business plan will help the organization to reduce the chance of deviating from the core activities.Organized and implemented control processesYesIn effective management of the organization, controlling is one of the prime aspects to be considered.The more organized and effective will be the control process, the more will be effectiveness of the organizational structure and procedures.Effective organizing capability will depend on the effectiveness of the leadership in the organization. Gathered and reviewed information about market size and growthYesMarket research is important to determine the market requirement effectively.It is also important to determine the market size and potentiality. According to which, the organizational procedures will be designed.The chances in the taste and preference pattern of the customers can also
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