Question: Develop a business plan ( according to the textbook outline ) for an Innovative product or service. This product or service must be of 4

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:
1. EXECUTIVE SUMMARY
2. COMPANY PROFILE / BUSINESS DESCRIPTION
3. PRODUCTION / OPERATIONS PLAN
3.1PRODUCTION PROCESS/ OPERATIONS
3.2LOCATION ADVANTAGES
3.3CAPITAL EQUIPMENT.
3.4PERSONNEL
3.5QUALITY CONTROL

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