Sustainable Business Plan for Organic Retail Industry
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Added on  2023/06/07
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This presentation discusses the importance of sustainable business for economic growth and environment protection. It focuses on a sustainable business plan for the organic retail industry, including feasibility, details of products/services, opportunities, and vision of the business.
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ENTERPRISE AND ENTREPRENEURSHIP
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Content â—¦Introduction â—¦Motivation to choose this business â—¦Business plan â—¦Feasibility of the business â—¦Details of the product/service to be offered â—¦Opportunities for the business- â—¦Attractiveness of the industry â—¦Vision of the business â—¦Conclusion â—¦References
INTRODUCTION Sustainable business is very important for the economic growth and environment protection, it also called green business, these are those types of business who doing their business activity with minimal impact on environment and give thepositiveaffectontheglobalandlocal environment, society, community and others.
Motivation to choose this business The business plan that have been chosen in the organic retail industry, because during the timeofCOVID-19thedemandofretail industry will increase day by day and people are more concern for their health, so they start purchasing organic food which is good for their health
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Business Plan To start their sustainable business, they need to ensure that they are follow this steps rightly, so they can make effective sustainable business plan. Firstly executive summary this helps to doing their work more efficient, they can write all this thing they require to start their business, how much money they invest and many other things. Second describe their business what type of business they want to start, third state their business goal what was the main motivate to start this business and how investment they need.
Feasibility of business â—¦Financial feasibility â—¦Economic Feasibility â—¦Operational Feasibility
Details of the product and services to be offered Go green retail store deals with many products such as home products, organic food item (pulses, cereals, nuts, vegetables, fruits and so on ), LED lights,suitable produce, eco- friendly laptops, natural beauty products, clothing, products and others. The company offers the customers sustainable clothing products such as women's, men's and kids, although our business also provide suitable bags which is made by recycling plastic bottles, slipper, bags, jewellery watches and many other items.
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Opportunities for the business â—¦Entrance in the new market â—¦Utilisation of digital technology â—¦Omni- channel â—¦Introduction of new products
Attractiveness of the industry Idea of starting the business in the retail sector will result inmaximumprofitabilityfortheGoGreenStore. Different creative and skilled plan of actions can be used by the management which are involved in the execution of this business plan. After the COVID pandemic idea of sustainability is enormously prevailing in the business environment. Every next business institution wants to attain the sustainable mode of working in their operations.
Vision of the business Theoverall longtermgoal ofthebusinessisto promote importance of environment safety among the society and works in motivating each individual to contribute in achieving the sustainability in their daily routine activities. And for securing the interest of the customer Go Green will offer all their products in the reasonable prices which could be afforded by the persons who belong from different income segments.
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Conclusion In the conclusion of above given report, it has been observed that implementing the idea of sustainability while starting a new business can help in various ways. It will support the business to get the desired recognition in the competitive retail industry. With the help this business plan which has been developed to start a business in the retail industry, by following the idea of sustainability. This report has discussed different components which are related and considered while constructing this business plan.
References Bacinello, E., Tontini, G. and Alberton, A., 2020. Influence of maturity on corporate social responsibilityandsustainableinnovationinbusinessperformance. CorporateSocial Responsibility and Environmental Management, 27(2), pp.749-759. Ben Amara, D. and Chen, H., 2020. A mediation-moderation model of environmental and eco- innovation orientation for sustainable business growth. Environmental Science and Pollution Research, 27(14), pp.16916-16928.