Aldgate, 2019/2020: Identifying Entrepreneurial Opportunities Analysis

This assignment analyzes entrepreneurial opportunities, specifically focusing on launching organic cookies in Wembley, UK. The report begins with an introduction to entrepreneurial opportunities and the importance of market research. It then conducts a gap analysis to understand customer needs and market trends. A questionnaire is used to gather data on consumer preferences, and the results are interpreted to assess market potential. The assignment concludes with a reflection on the data collection process and its relevance in determining product pricing and market value. The student uses the data to identify opportunities to meet consumer demand, ensuring business objectives are met and customer expectations are satisfied.

Identify Entrepreneurial
Opportunities
Activity 2

 Entrepreneurial opportunity finds the development option by
listening potential consumers and previous leaders within their own
region. Because of this, they've to conducted research which aids
person to get out market trends and customer's demand.
 This report mainly based on the entrepreneurial opportunities,
organic cookies is launching new fresh and organic cookies drink at
Wembley, UK
Introduction

 It is an operation that is used to figure out the desire of the customer
and to determine the direction the company firm implements the
process.
 This is the approach of evaluating operation discrepancies between
business data structures or application of software that analyzes the
use of ho business and people and, if not, what action can be taken
to properly address those.
Gap Analysis

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 Questionnaire
 Q1. Do you like cookies?
 (a) Yes
 (b) No
 Q2. What kind of chocolate cookies do you prefer?
 (a) Liquid Truffle
 (b) Chocolate Martini
 Q3. Are aware with Organic Cookies?
 (a) Yes
 (b) No
 Q4. Do you think that Organic cookies will achieve growth at
Wembley?
 (a) Yes
 (b) No
 Q5. How frequently you spend on cookies?
 (a) Occasionally
 (b) Everyday
Questionnaire

Interpret Information

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Data collection is relevant because data and figures help to assess
market potential. Advertisers or researchers use different kinds of
methods of data gathering, such as principal, second etc. Material
can be collected from various sources, using accurate data within
the organization. Market opportunity refers to the overall market
value of the commodity. Price demand is measured by sales volume.
By assessing the consumer's market value, the company is able to
know the real product price, in specific industry place.
Reflection From Data

The business develops a new service or product on the demand,
analyzing the legitimate source of innovative ideas and creativity by
using various methods by strategies to analyze and fill the void in
consumer demand so that the business can meet its objectives by
supplying and satisfying the client's expectations and desires from
time to time.
Conclusion