Question: Write a critical risks and include examples, The business that I am planning to do is developing / makes the bicycles that use battery to

Write a critical risks and include examples, The business that I am planning to do is developing/ makes the bicycles that use
battery to automatically change gears based on the road conditions. On the bicycle control handles there will be two
buttons, one on the left changing the middle gear showing gear number and speed, while one on the right changing the
backward gear showing gear number and speed. The business will operate in both buying materials and using a recycling
program including buying old bicycles frames. The battery will be a chargeable battery with a solar segment on top that
will charge with the use of sun, and there will be a port that will be used to charge the battery with the use of power. The
battery will have the 2000mAh (2Ah) usage capacity, voltage of 12V, and have the total energy of 24Wh which is designed
to last 12 hours per day. Below is the executive summary which will cover the vision and mission of the business; products
and services the business will offer; including market, marketing strategy, acquisition strategy, financials, and budget of the
business all will be covered on executive summary in full details.
Executive summary: The vision of the business is revolutionize the urban mobility by creating innovative, eco- friendly
bicycles that seamlessly integrate the advanced technology to enhance the riding experience, with the mission to develop
the cutting edge bicycles that utilizes smart technology that automatically adjust gears based on the road conditions in
providing a smooth and efficient ride while promoting sustainability through the use of recycled materials and renewable
energy sources. The will be located at Benoni town in Gauteng South Africa with seven workers, me I am the owner, my
position is I am CEO(Chief Executive Officer), COO(Chief Operating Officer), and CTO(Chief Technology Officer) and my role
is to provide the overall strategic direction and leadership for the company. CMO (Chief Marketing Officer) Her role is to
oversee the planning, development, and execution of the companys marketing and advertising activities, including
Customer support that will provide after- sales support and handle customer s inquiries and four Workers which their role
is in manufacturing, assembling, quality control and logistics. Where the required amount of R00,000 is needed.
Products/service: Product/ service that the company will design and manufacture bicycles that uses a battery to
automatically change gears on the slope of the road, this feature will help to enhance the riding experience by optimizing
the gear selection for the user. Two buttons will be installed in the bicycle control handles one on the left and one on the
right, to change gears one button on the left will change the middle/ forward gears and one button on the right will change
the backward gear this will allow users to manually override the automatic gear- shifting when needed. The company will
also practice recycling program to source the old bicycle frames and steel materials this sustainable approach will help to
reduce costs and environmental impact. The company will use a transactional pricing model, where customers pay for the
bicycle upfront, and additional revenue will be generated through the sale of replacement batteries and maintenance
services. The designed bicycles installation of batteries will help the users to manage their rides more effectively.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!