Portfolio Project Overview For each course of the BFN Program, you will complete two tasks related to
Question:
Portfolio Project Overview For each course of the BFN Program, you will complete two tasks related to creating an online vegetarian catering business, which will constitute part of your business plan. The purpose of the portfolio projects is to consider various aspects of small business activities, thereby demonstrating the application of knowledge, skills, and abilities acquired in each of your courses throughout the program. Your portfolio project will consist of 2 parts and it will end in a presentation to the class showing the progress made during your business development and planning. Remember – both parts of the portfolio project are related, with each part building on the next part.
Below is a list of topics that will be included in your portfolio from this course: BM161 Applied Business Concepts • Business Strategy • Web 1.0: E-Business
Portfolio Project Part 1: Business Strategy The development of information technology has fundamentally transformed the modern business environment, providing new opportunities for development, but also creating many challenges. On the one hand, the development of e-commerce and cloud computing makes doing business much easier and cheaper, allowing even micro-enterprises to reach the most remote parts of the world. On the other hand, this increases competition and, accordingly, requires accurate analysis and planning of activities to justify the choice of business strategy. In this portfolio project, you will put into practice your knowledge in the field of determining competitive advantages, analyzing the business environment, and choosing an appropriate strategy, as well as demonstrate how information technologies can help create and develop your business. For your Portfolio Part 1, you will analyze your online vegetarian catering company’s strengths, weaknesses, and competitive environment in order to understand which business strategy you are going to apply:
1) Evaluate your company’s strengths, weaknesses, opportunities, and threats by conducting a SWOT Analysis.
2) Determine the main sources and intensity of competition in your sector by conducting Porter’s Five Forces Analysis.
3) Identify the business strategy you are going to follow in order to achieve success and explain why you have chosen it.
Engineering Economy
ISBN: 978-0132554909
15th edition
Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling