Question: Prepare business model and plan for JBHIFI Perform relevant analyses, then critically describe and discuss the Business Model Canvas and Plan (and its components) for
Prepare business model and plan for JBHIFI Perform relevant analyses, then critically describe and discuss the Business Model Canvas and Plan (and its components) for JBHIFI The following structure and detail are suggested
- Executive Summary
- Introduction to your proposed JBHIFI. (Explain your idea clearly, so that first time readers can understand. It is expected that you cover at least some important information such as product features/benefits/experiences, who and where the target customers are, what customer needs/wants/problems the venture is trying to address).
- Innovation and Differentiation. (How innovative is your proposed business idea, and what might make your proposed product/service differentiated from/better than current oppositions/competitive offerings on the market)
- Industry and market analysis. (Support your analysis and arguments with relevant secondary data, and apply and reflect on relevant theories where possible or relevant).
- Product feasibility, Market feasibility and Economic feasibility. (Refer to chapter 3 in the prescribed textbook for the relevant framework).
- Business Model Canvas. (Make sure you include a completed Business Model Canvas for your proposed venture at the beginning of this section, and support your analyses and arguments for the below sub-sections with relevant secondary data, and apply or reflect on relevant (entrepreneurship) theories where appropriate).
4.1. Customer Segments
4.2. Value Proposition
4.3. Customer Relationships
4.4. Channels
4.5. Key Activities
4.6. Key Resources
4.7. Key Partners
4.8. Cost Structure
4.9. Revenue Structure
- Conclusion
- References
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