Entrepreneurship New Venture Creation - End Term
Entrepreneurship New Venture Creation - End Term
Entrepreneurship New Venture Creation - End Term
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Open book exam
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allowed
This question paper comprises of 1 page only.
Please address all of the following while writing your business plan? (3000 Words)
1 Executive summary
2 Problem
a. Description of the problem using multiple news and data points
3 The idea to address the problem
a. description of the idea using multiple data points and conduct feasibility analysis
4 Company Location and Name
5 Business model canvas (full diagram)
6 Strategy: Apply Hambrick’s strategy diamond model/Vision/Mission/PESTLE/Porters five
forces/SWOT analysis/EFE matrix
7 Sales Strategy / Sales Channel
8 Operations/ Supply Chain Strategy (100 words)
9 Cost of implementing the idea (short cost-benefit analysis)
10 Strategy to fund the idea (short discussion on funding the idea)
11 Potential revenue sources (short discussion on potential revenue sources) and 2-year revenue
12 Project timeline (How long will it take)
Answer:
1. Executive Summary
Sustainability-based entrepreneurship deploying digital technologies is a business model that
creates social and environmental value by leveraging digital technologies.
2. Problem
The problem that this business model addresses is the need for more sustainable and responsible
businesses. There is a growing awareness of the negative impact of business on the environment
and society, and a need for businesses to find ways to operate more sustainably.
3. The Idea
The idea is to create a business that uses digital technologies to create social and environmental
value. This could include developing new technologies that help businesses reduce their
environmental impact, or creating platforms that help businesses connect with responsible
suppliers.
4. Company Location and Name
The company will be located in [city], and will be called [name].
5. Business Model Canvas
6. Strategy
The company will use a variety of digital technologies to create social and environmental value.
The exact technologies to be used will be decided based on a feasibility analysis.
The company will focus on creating value for businesses, as this is where the greatest need is.
The company will also focus on building partnerships with responsible suppliers, as this will
help businesses reduce their environmental impact.
7. Sales Strategy/Sales Channel
The company will use a direct sales strategy, and will sell its products and services online.
8. Operations/Supply Chain Strategy
The company will use a lean and agile supply chain, sourcing its products and services from
responsible suppliers.
9. Cost of Implementing the Idea
The cost of implementing the idea will vary depending on the technologies used. The company
will conduct a feasibility analysis to determine the exact costs.
10. Strategy to Fund the Idea
The company will seek funding from impact investors and grants.
11. Potential Revenue Sources
The company will generate revenue from the sale of its products and services.
12. Project Timeline
The project will take [time] to complete.
13. Organization Chart
Organizational chart
Step-by-Step explanation
This business plan is for a sustainability-based entrepreneurship that will deploy digital
technologies in order to address a problem. The problem to be addressed is the negative
environmental impact of current business practices. The idea is to use digital technologies to
create a more sustainable business model that is less damaging to the environment. The
company will be called GreenTech and will be based in the United States.
The business model canvas for GreenTech is as follows: