Part 1 Due Date: Week 6 – 5.00pm, Friday of Week 6 Research based– see Research Requirements below; Purpose: To allow students to begin to apply the knowledge and skills of the subject to a real world...

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Part 1 Due Date: Week 6 – 5.00pm, Friday of Week 6 Research based– see Research Requirements below; Purpose: To allow students to begin to apply the knowledge and skills of the subject to a real world example. This assessment supports and relates to Learning Outcomes a, b, c and e found in the Subject Outline. Value: 20% Submission: Electronic submission – upload a Word .doc or .docx to Moodle and Turnitin. Topic: Students are required to choose a Business Plan from any small company you wish and analyse /compare that plan to the Business Plan on page 198 of your text. Schaper, M,.Volery,T,.Weber,P,. & Gibson, B,.(2014) Entrepreneurship and Small Business 4th ed.Cornwall: Wiley Task Details: After and reading the case study on page 198, prepare a 2300 – 2500 word report, executive summary (not compulsory), table of contents, body sub headings of questions answered, conclusions and recommendations, analysing the issues in the case. You must compare the Sample Business Plan “Blueprints Business Planning Pty Ltd” with your chosen Business Plan and if you cannot find one, you may obtain a company Business Plan from www.Bplans.com. Identify entrepreneurial business plan strategies that enabled the company to become successful or otherwise. Research: Students need to support their analysis with reference from the text and a minimum of eight (8) suitable, reliable, current and academically acceptable sources – check with your tutor if unsure of the validity of sources. Those seeking Credit or above grades should support their analysis with an increased number of reference sources. As a guide 12 for credit and 15 for Distinction. This implies evidence of research is found within your work not merely the cutting and pasting of references to pad out the submission. Sources such as Wiki…, scribed.com, docstore.com, etc. are not considered acceptable sources and should not be used – reliance on such sources will result in a Fail grade. Presentation: Report format – 2300 - 2500 word Word.doc or Word.docx (word count applies to content only, not title page, executive summary, table of contents and reference list). Responses should have a title page attached reflecting the content and the author, executive summary (not compulsory), table of contents, introduction, suitable headings and sub-headings to cover the relevant content and elements of analysis, conclusion, recommendations, reference list/bibliography, appendices (if relevant). NOTE: Harvard referencing (Anglia version) is to be used. This is not a group assignment and collusion is a form of serious academic misconduct. Marking Guide: Marks will be awarded according to the Marking Rubric found on page 10 of the Subject Outline. The assignment marks are out of a possible 20 marks. All submissions must be lodged to Turnitin where they will be graded. Resubmissions will only be allowed if a serious attempt to complete the assignment has been undertaken. Part 2 Purpose: To allow students to begin to apply the knowledge and skills of the subject to a real world example. This assessment supports and relates to Learning Outcomes a, b, c and e found in the Subject Outline. Value: 30% Submission: Electronic submission – upload a Word .doc or .docx to Moodle and Turnitin. Topic: Students are required to create their own Business Plan on any product or service they wish. Please use similar business plan in the style (but summarised) as on page 198 of your text. Schaper, M,.Volery,T,.Weber,P,. & Gibson, B,.(2014) Entrepreneurship and Small Business 4th ed.Cornwall: Wiley Task Details: Refer back to subject outline but as summarised here. An Entrepreneurial Venture - groups are to develop an entrepreneurial product or service that could be commercialised. The group is to assume it is seeking funding of $100,000.00 to add to the existing funds of $100,000.00 (which you saved or were loaned) and include a financial plan for the use of these funds for the first financial year. The product, service or process should be original and producible (i.e. no science fiction). The primary target market should be local, although secondary markets may be reached via the internet. Pricing, distribution and promotion strategies should reflect this. To assist groups in managing their progress, pairs of students should be finalised by week 4 and advise the tutor of their chosen product or service and primary market for approval. The proposal should be communicated in a 2500 word report, containing all relevant detail and supporting evidence (in attachments), and a presentations as if to a potential financer. Presentation: Report: Students should present this idea/venture in a 2500 +/- 10% word report containing; 1) A Title Page (consider the design – it needs to look attractive and professional) 2) Executive Summary 3) Table of Contents 4) Background (to the idea) 5) Mission 6) Product (Service) offering 7) Market analysis a) Industry analysis b) Competition 8) Primary Target market 9) Marketing a) Product (probably similar to section 3 above – additional detail where necessary) b) Pricing c) Distribution d) Promotion (Including a 1 page mock-up of a proposed advertisement) 10) Financial plan 11) Critical risks 12) Reference list identifying all sources used – these should also be found in the body of the report where used and referenced using Harvard - Anglia style referencing. 13) Attachments as required. Remember, images of the product, brand and promotions will add value to the report. Research: Students need to support their analysis with reference from the text and a minimum of eight (8) suitable, reliable, current and academically acceptable sources – check with your tutor if unsure of the validity of sources. Those seeking Credit or above grades should support their analysis with an increased number of reference sources. As a guide 12 for credit and 15 for Distinction. This implies evidence of research is found within your work not merely the cutting and pasting of references to pad out the submission. Sources such as Wiki…, scribed.com, docstore.com, etc. are not considered acceptable sources and should not be used – reliance on such sources will result in a Fail grade. Presentation: Report format – 2300 - 2500 word Word.doc or Word.docx (word count applies to content only, not title page, executive summary, table of contents and reference list). Responses should have a title page attached reflecting the content and the author, executive summary (not compulsory), table of contents, introduction, suitable headings and sub-headings to cover the relevant content and elements of analysis, conclusion, recommendations, reference list/bibliography, appendices (if relevant). NOTE: Harvard referencing (Anglia version) is to be used. This is not a group assignment and collusion is a form of serious academic misconduct. Marking Guide: Marks will be awarded according to the Marking Rubric found on page 10 of the Subject Outline. The assignment marks are out of a possible 20 marks. All submissions must be lodged to Turnitin where they will be graded. Resubmissions will only be allowed if a serious attempt to complete the assignment has been undertaken. In the interests of academic support all students undertaking this first assignment in this subject only will be allowed a resubmission and due within 10 working days of the date the grades are released. It is anticipated that students who resubmit would seek guidance from the academic support team in the EDC sessions. Resubmissions, after reworking will maintain a maximum (whole number) mark located within the grade/band that the original submission was graded at. Grade Original mark Resubmitted highest possible mark; Fail (0-9) 2 9 Pass (10-11) 10 11 Credit (11-12) 12 13 Distinction (12-13) 14 15 High Distinction (13-14) 16 17-20
Answered Same DayMay 16, 2021

Answer To: Part 1 Due Date: Week 6 – 5.00pm, Friday of Week 6 Research based– see Research Requirements below;...

Preeta answered on May 24 2021
147 Votes
COMPARING BUSINESS PLAN
(
19
COMPARING
BUSINESS PLAN
Student Name –
Student ID –
Lecturer Name –
Referencing – Harvard.
)
Contents
Introduction:    2
Business Plan:    2
Advantages of Business Plan:    3
Disadvantages of Business Plan:    4
Executive Summary:    4
Background:    5
Marketing:    6
Operations and Production:    8
Finance:    9
Conclusion:    10
Recommendation:    10
References:    11
Introduction:
In this part of the assignment comparison and contrast has been done between the sample business plan provided in the text book o
n Blueprint Business Planning Pty Ltd with another chosen business plan. For this assignment the business plan which has been chosen for the comparison is from Bplans website of a marketing consultant company, the company is MarketCamp. Both the companies are consultant companies so that there can be similarity while drawing comparisons. At first an introduction has been given on the necessity and importance of business plans. Then the comparison has been made regarding the content of the business plan, that is what the ideal elements are which should be present in a business plan and what are the elements which are unnecessary and create confusion in the business plan.
Business Plan:
    A business plan is written form of the whole business planning. Although business plan is equally important for the existing business yet it is very important for a new business. Before starting a new business it is very important to understand the whole process, both for the entrepreneur and for the financiers. It contains the information regarding the nature of the business, the background regarding the organization, financial plans as well as the projections of future cash flows. So, it actually contains the full information regarding a business venture. The well made business plan help to attract the investors and made them invest in the business (Chen, Yao and Kotha, 2009). Business plan is generally shown to banks or financial institutions r even to public investors to raise funds. The financiers invest in a business only when they are certain regarding the high returns they will receive from the investment.
A business plan also summarizes the goals that are to be achieved by the organization while operating the business. So, clear goals and clear ways to achieve them bring success for the business (Stutely, 2012). A business plan can be compared with the blueprint created by an architecture before constructing a building. A business plan is necessary irrespective of the size of the business that is small or medium or big. Business plan also help the organization to make the strategies for the success of the business and also to find the ways to implement them. A business plan can either be focused externally or internally. In internally focused business plan, it will be made from the perspective of the owners and in the externally focused business plan, it will be made from the perspective of the customers or investors or shareholders. Several important decisions are taken based on the business plan.
Advantages of Business Plan:
    There are several advantages of a business plan. A well made business plan help to discover the whole process of what needs to be done and how that needs to be done (McGrath, 2010). It also help to find out the most important strategic areas so that those areas can be prioritize and focus can be made on those for the success of the business. It also help in the management of the cash available by investing in the best possible way and also to raise finance.
    A proper business plan also help he organization to manage the actual result with the probable result so that the reason for that can be found out (Teece, 2010). It clearly indicates as to what is efficient level of the organization and at what level is it operating. It also helps to gain a competitive advantage over the other competitors by making innovation. It is actually a roadmap to the future of the business which gives the idea to the owners as well as to other stakeholders about their destination.
Disadvantages of Business Plan:
    Everything has some advantages and some disadvantages. Likewise business plan also has certain disadvantages. It is just a written plan about a business venture but that does not guarantee success (Afuah, 2014). In fact poorly written business plan can create an illusion and the investment made based on that plan can prove to be very fatal and people can lose money or even become bankrupt. The owners might expect high sales and can make their business plan likewise but the reality might be completely different and the revenue and the profit might not be as per the expectation.
    Often it has been notices that forming the business plan of a small enterprise is difficult since there are very limited similar plan in the past (Katz, 2009). Moreover it is difficult to understand the market as well since no big brand name is attached. So, for some business plan might make them successful but for some business plan might not work for them.
Executive Summary:
    Both the sample plan and the chosen plan has provided an executive summary in the starting of their business plan containing brief details regarding the topics which will be further discussed in the plan.
    The sample business plan of Blueprint has provided four...
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