OverviewWith this assignment, you have the opportunity to take your creative ideas to the next level and begin to develop a strategy that will form the foundation for a successful...

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Overview


With this assignment, you have the opportunity to take your creative ideas to the next level and begin to develop a strategy that will form the foundation for a successful business.

Instructions


Write a 3–4 page paper in which you:


  1. Develop an idea for a prospective small business and select a name for the company.

  2. Identify its key competitors and summarize the strengths and weaknesses of one of the competitors.

  3. Prepare a mission statement that encompasses the purpose of the business and considers its target market.

  4. Identify the ownership form for this business, taking into consideration tax implications, liability exposure, managerial ability, and cost of formation.

  5. Include at least two references outside the textbook.For help with research, writing, and citation, access the
    Strayer Library
    or review the

    Bachelor of Business Administration Library Guide

    .


This course requires the use of Strayer Writing Standards. For assistance and information, please refer to the Strayer Writing Standards link in the left-hand menu of your course. Check with your professor for any additional instructions.

The specific course learning outcomeassociated with this assignment is:



  • Develop a strategic plan to create a new small business.


Answered 1 days AfterNov 03, 2022

Answer To: OverviewWith this assignment, you have the opportunity to take your creative ideas to the next level...

Ayan answered on Nov 05 2022
58 Votes
WRITTEN ASSIGNMENT        2
WRITTEN ASSIGNMENT
Table of contents
Business idea    3
Key competitors    3
Mission statement    5
Ownership form for this business    5
References    7
Business idea
    Since the travel and tourism sector is one of the greatest and mos
t serious in the world, the viability of an organization's marketing exercises could decide if it gets by or not. To stand out, it is significant for businesses like hotels, airlines, travel agencies, tour operators, and vehicle rental services to adopt state-of-the-art marketing procedures (Mora, 2020). The hotel sector and the travel and tourism ventures may amplify their pay during seasons of low appeal. Businesses can screen client requests for conduct to increment income because of the salaries of the executives. Offering the suitable item or administration to the ideal clients at the perfect estimate is the essential objective of board techniques. Before you can adjust the expenses, you should first comprehend how the clients see your administration or item. It's pivotal to perceive conceivable outcomes as they emerge and to submit applications when you find the opportunity, since the travel and tourism sector is serious. The travel and tourism sector is a worthwhile industry. It is critical to look for techniques to obtain deals that will give them huge discounts because of the rising cost of travel. Knowing where to get great deals on hotels, rental vehicles, and carriers is a tremendous concept for the travel planning industry. Working for oneself is conceivable with this business. It is a magnificent business concept since it would empower the organization to produce income by helping clients get a good deal on travel. The objective of “Explore World 3D” is to give its purchasers travel encounters. The business will give excursion bundles that incorporate housing, withdraw for couples, families, and honeymooners, as well as safaris. The business will likewise consider customer offers for clients with specific prerequisites. “Explore the world 3D” to gives shoppers relaxation through both performance and group travel.
Key competitors
    Each organization ought to confront contests from different companies. The organization has found a couple of opponents' businesses, some of which are deeply rooted and offer exactly the same things, such as see the globe encounters. There are both nearby and worldwide travel agencies in the US (WYMAN, 2020). A few businesses have a decent standing and offer the two items and...
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