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How and why have you|business plan carried through through?

   

Added on  2021-01-09

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RESEARCHREFLECTION REPORT(should contain the details givenbelow)Please type your responses in the spaces below:Marks availableResearch Methods &ProcessesHow and why have you chosen/decided on the research methods and processes which you are using/have used for the development of your Major Project? How would you describe these to: 1) a reader of your Major Project and/or 2) a future employer (max. 275 words)The methods used for marking research toinvestigate the research for the business plan iscarried through firstly collection of the data forthis BOD. Both primary and secondary methodsof data collection has been chosen. The primarydata have been collected through surveys, focusgroups, interviews, observation etc. After thisresearch problem has been designed whichincludes formulation of the problem, aim anddesign of the research. After this the type ofinformation and sources that were required hadbeen identifies, The reason being this type ofrehears method is that it provided me withdetailed plan action on how to carry on the marketresearch for preparation this businessdevelopment palm.The methods selected for analyzing the data forthe data so collected were inductive approach forcarrying out explanatory investigation of the dataand information. This method has been used inorder to gain competitive advantages and todeliver strong rivalry to its competitors. The datahas been presented in the graphical format to givea clear understating and to make look the BODpresentable to the reader.I will describe this to the readers of the majorreports as the best way and method to carry outthe BOD which made this business plan feasibleand authentic. With following this methodologythe effective plan has been developed which canbe applied in when applied in practicality willdefinitely give efficient results. I will explain tothe future employer that this business plan hasbeen developed with 100% accuracy andcredibility, this plan in the actual world can bringa Change and ensures effective outcomes andenhancement in performance as all the data andfacts are true to their facts.15Literature &sources 1) What are the most important theories/I literature sources The importance theory in conducting the researchwas identification of the markets trend and theconsumer demand and requirements so that plan

/evidence sources which you are using to justify your research and You’re Major Project? 2) Why are these sources important And fundamental to your work? (max. 275 words)can be developed and modifies according to theneed of the times and consumers. The literaturefor the business planning presents with the viewof different authors and economist presetting thefacts which must be taken into considerationwhile preparing and implementing a businessdevelopment plan. With developing the expansionplan for the organization have been evaluated byme that ideas is a just a start of the pan but themarker research and development of the businessmodel with the strategics analysis and review tosee the feasibility are certain mile stone of theplan.The important theory that is evaluated under theproject was the BMC (Busines Model Canvas)model. This canvas is identified as effectivestrategic tool for analysis and evaluation of thesituation existing in the business organization.The market trends, needs of consumer and BMCmodel are important for the business as theyprovide critical information relevant to thedevelopment of the business plan. The marketstrend and needs of consumers assisted indetermined the market place and area which canbe targeted and same can u used as the sectors forexpansion for the growth of the business.15Your Knowledge What key areas of knowledge haveyou gained from undertaking your Research and the Major Project? Indicate why these are so important toyou? (max. 200 words)For developments of present business planthrough markets research have been conducted byme and along with this data analysis has beendone, for this effective tools for analysis theprevailing market condition and environmentalfactors that can affect the implementation of thebusiness plan were identifies by carrying outdetailed research. In all these process I havegained immanence knowledge about the factorsthat effect the business both internal and external.While carrying out the research and this majorproject another thing that I have gained is theinformation and the process on how to develop abusiness plan in the future and with making thisplan my abilities have gotten more polished.The importance of this works on my knowledgeparlance is very effective as with preparation ofthis business development plan my skills havebeen more brushed up than before. Thisinformation and key skill will be retained by mefor the lifetime as this has become an asset to meso getting an opportunity to developed a businessplan is important for me that this will help in me10

carries growth as well improves my knowledge.Your Learning What are the most important aspects/examples of learning and/or skills which you have gained from: (1) undertaking the MBA programme, (2) following through your research, and (3) applying your knowledge and what you have learnt in your Major Project (max. 200 words)With undertaking he MBA program I have developed key skill of time management, expertise in problem solving, dealing with pressure and working and maintain calm under pressure. My communication skill have polished and my personal credibility have also enhanced. With increasing the learning ability my confidence level have also been boosted up. My knowledge have increased and made be able to analyses business situation quickly and resolve the crises.With preparation of this project and conducting the research for execution of the project the most important thing I have learned an important aspectabout the growth of business which can be defined as for a development and growth of business a significant plan is necessary with respect to the outcomes and its ability to success in the future. A minor loop can lead to failure of the new plan incurring loss of capital and resources.For conducting the research I have made a plan for collecting the data through primary resources,in this my ability of effective communication and convincing power have been used so that people easily agree on filling in the questionnaires. Whilepreparation of the major project I have learned many thinks specially how to carry out effective work in lesser time with effective time management skill.10Critical Thinking and your ideas In carrying out your research, your analysis, your evaluation of evidence, and in identifying or proposing conclusions, what has been the most important discovery, or piece of evidence, or theory, or viewpoint, or critical idea, or critical addition to your knowledge, or other item of importance and Why? The importance aspect for the development of a business plan is explored through the research work carried out as a detailed market research must be conducted for collection of data and information in order to prepare an effective growth plan. This is also been understood that data must be collected from both primary and secondary sources as a mixture of fresh and exiting data assisted me analysis and eventuating the potential rate of success of the expansion plan.One of the important factors that have been 10

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