Assignment 1 You decide to set up a business during MCO. What are the factors you...

 

Transcribed Image Text:

Assignment 1 You decide to set up a business during MCO. What are the factors you need to consider and how do you decide if it is going to be feasible? a) Choose any management model that you will use as a framework for your data collection (20 marks) • SWOT ● ● Environment Internal - Manpower, Machinery, Money, Methods, Material External Micro - Competitors, Suppliers, Substitutes, Customers, System • Macro - Political, Economic, Sociocultural, Technology, others Marketing Ps Systems Thinking Porter's Value Chain Six Sigma etc NOTE : State all assumption - ie type of business - bakery? retail- clothes, shoes, cleaning supplies, etc? tuition? ● ● ● - Assignment 1 You decide to set up a business during MCO. What are the factors you need to consider and how do you decide if it is going to be feasible? a) Choose any management model that you will use as a framework for your data collection (20 marks) • SWOT ● ● Environment Internal - Manpower, Machinery, Money, Methods, Material External Micro - Competitors, Suppliers, Substitutes, Customers, System • Macro - Political, Economic, Sociocultural, Technology, others Marketing Ps Systems Thinking Porter's Value Chain Six Sigma etc NOTE : State all assumption - ie type of business - bakery? retail- clothes, shoes, cleaning supplies, etc? tuition? ● ● ● -

Answer rating: 100% (QA)

Some factors that need to be considered when setting up a business during MCO are the type of busine... View the full answer