Question

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Assignment

What matters most to you as you plan your future career and personal lives.

The goal of this assignment is to identify where you want to be and how you will get there. Do not worry about your current resources. Think innovatively. Your personal business plan should include a long-term vision statement, the "external" opportunities that exist, your "internal" (personal) strengths, and a strategy for yourself and your life over the next three to five years. In addition, please share at least one "failure" from your past and what you learned from it in terms of maximizing your chances for the future. The assignment should consist of about one page (up to 600 words) that summarizes as many of the areas below as possible, as well as the one "failure" wherever you feel it best fits.

Answer the following Questions

Vision and Opportunity

What are your goals (career and/or educational) after you leave your university?

What is your purpose, your values and your mission?

What is the market and opportunity that align with your goals? Don't restrict yourself to matters of career or work; think more broadly about your opportunities to make a difference.

Marketing and Implementation Strategy

Create your market positioning statement. This is based on your innovative idea.

What convincing value will you offer to your employers and society?

How will you differentiate from other students?

Risks

How do you define success?

What are the key checkpoints in your plan?

How will you measure/determine if you have successfully reached these checkpoints?

What external factors might affect (positively or negatively) your chances of reaching success?

Entrepreneurship

How do you plan to practice ethical principles in your daily actions as a business?

If you could assemble any three people to advise and mentor you, who would they be? Why would you choose each?

Answer 1

Best Animal Farm with best Quality Product

The goal of the company: The Company is set up with a large number of animal stock for the production of meat and other products. The company will be set up with 35 thousand square feet area with various divisions of the different animals like goat, lamb, pig, chicken and so on. Besides it will have a large vacant place with many plants.

The objectives: Food is in great demand in the whole world. The prices of mutton, pork, beef etc are growing day after. They are going beyond the reach of the poor or middle class people. By supplying mass production in the market with moderate rate the company will to supply these products in the market.

At the same time such a business will pave the path of many employments in different fields. The company needs a complete team to run this business. This business will make the owner independent and others will be inspired with such business. This is really a good business with little investment.

Investment: The Company will be set up on the Govt. policy of this project. The Govt rule is very flexible in set up such business. Besides, loan is easily available for setting up the business. At first the business will be opened with the share of two or three investors and then the business will run with its own principle.   

Market probability of this business: By professional agencies the probability of such business has already been examined including its market. Meat is always in great demand. The company will do direct market by its marketing team and suppliers and its goal is export meat with maximum quantity.

Besides, company will recruit suppliers of various locality and by suppliers and dealer company will expand the business.

Status of the employee: The success of a business depends on the dedication of its employee. So the company will offer all the facilities that an employee deserves. The target of the company is to use fully the efficiency of an employee so that they think it as their own business. There will be incentive for them depending on the profit of the company. The employee will enjoy the following benefits:

• Lucrative salary package with incentives.
• Medical facilities of the full family with maximum coverage.
• T.A and D.A for the marketing personnel and other personnel related with managements.
• Other facilities like P.F, gratuity, loan and so on.

Employees’ Skill development: There will be a regular training session to develop the skill of the employees. At the same time they will be aware of various schemes of the company. They will be encouraged for offering incentives on the annual profit of the company.

Former experience of failure: Failure makes one experienced. Formerly the effort of setting up the same business faced failure for the lack of proper plan. The employees will be made aware of this.     

Risks relating the business: As the business is related to the live stock it bears a lot of risks like other business as follows:

• There may be attack of dangerous diseases that cause great loss for the death of the live stock.
• Unavailability of good supplier.
• Lack of proper market value
• Risk of quality maintain
• Sudden damage of machinery

Recommendation: The Company will continuously organize the market research on demand and supply. At the same time the management will arrange the proper man power and professionals to resist any disease to the life stock. There will be a laboratory to maintain quality both for local market and export. Besides, there will be a committee with experts and the committee will recommend the necessary matters for the development of the company.

The principle: The Company will follow the strong sense of ethics. The company will not compromise with any wrong and illegal matters. It will acquire its reputation by maintain of the reliable and quality product.