Question: OBJECTIVE: Develop a plan for implementing entrepreneurial activities in a globalized and competitive environmentREQUIREMENT:For this assignment, you have to come up with a business idea

OBJECTIVE: Develop a plan for implementing entrepreneurial activities in a globalized and competitive environmentREQUIREMENT:For this assignment, you have to come up with a business idea and develop a business plan for your idea. You can select any type of business in any industry; however, two conditions must be met.1. The plan must be for a business to be developed in the Maldives.2. The planned business must be for a sustainable/social enterprise that promotes at least one of the Sustainable Development Goals (SDGs) by the United Nations.Warning: No marks will be awarded for students who write up the objectives and strategy of an existing business in the format of a business plan.TASK - Write a business plan based on the above assignment.The written report is an individual assessment. Make sure that your assignment covers the following contents. Executive Summary Background and Purpose: Business model, resource base. Objectives: Short-term and Long term (SDG must be incorporated into the objectives and the relevant SDG must be explained). Market analysis: Overall Market, competitive factors, macro-environmental factors. This section has to be based on real evidence drawn from valid sources and referenced according to the guide. Development and Production: Production Processes, Resource requirements. Market Strategy: Marketing Strategy and resources. Organization and Management: Key personnel resources, Human resource management strategy. Ownership: Form of business, equity position.
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