Question: ASSESSMENT 2 Question 1 Develop a business plan ( according to the textbook outline ) for an Innovative product or service. This product or service

ASSESSMENT 2 Question 1 Develop a business plan (according to the textbook outline) for an Innovative product or service. This product or service must be of 4IR in nature (Fourth Industrial Revolution). You have to apply industrial engineering tools and or methodologies. NOTE: Businesses such as hair salons, laundry, chisa-nyama, car washes, loan sharks, etc. are not permitted. Please ensure that your business solution is technologically aligned. You can design a product from scrap material, recyclable into reusable products that can be sold at cost. Assessment 2 will cover the following aspects of the business plan: EXECUTIVE SUMMARY COMPANY PROFILE / BUSINESS DESCRIPTION PRODUCTION / OPERATIONS PLAN 3.1PRODUCTION PROCESS/ OPERATIONS 3.2LOCATION ADVANTAGES 3.3CAPITAL EQUIPMENT. 3.4PERSONNEL 3.5 QUALITY CONTROL Question 2 Present the business plan to the Industrial Engineering and Innovation panel by August 2024. Dates have been scheduled. Presentation time is 15min per student via Ms TEAMS Check your calendar to avoid missing your slot.

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