07 Oct Entrepreneurship and Small Business
Course Name: Entrepreneurship and Small Business
Student’s Name:
Course Code: MGT402
Student’s ID Number:
Semester: I
CRN: 10282
Academic Year: 1440/1441 H
For Instructor’s Use only
Instructor’s Name:
Students’ Grade: Marks Obtained/Out of
Level of Marks: High/Middle/Low
Instructions – PLEASE READ THEM CAREFULLY
• The Assignment must be submitted on Blackboard (WORD format only) via allocated folder.• Assignments submitted through email will not be accepted.• Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page.• Students must mention question number clearly in theiranswer.• Late submission will NOT be accepted.• Avoid plagiarism, the work should be in your ownwords, copying from students or other resourceswithout proper referencing will result in ZERO marks.No exceptions. • All answered must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism).• Submissions without this cover page will NOT be accepted.
Department of Business Administration
Entrepreneurship & Small Business – MGT 402
Assignment – 1
Submission date: End of Week 7
Start- up Business Plan
Assignment Question(s):(Marks5)
Assume yourself as an entrepreneur of a small scale business in Saudi Arabia. (Lo 1.1, 1.2 & 1.3)
Write brief notes on the following objectives:
1. Owners
a. Your Business Name, Address, E‐Mail
2. General Business Description (300 – 400 words)
A. What business will you be in? What will you do?
•Mission Statement
•Company goals and objectives
B. Business Philosophy
a. What is important to you in your business?
• To whom will you market your product?
• Describe your Industry: Is it a growth industry? What long term or Short term changes do you foresee in the industry? How will your company take advantage of it?
• Describe your most important company strengths and core competencies: What factors will make the company succeed? What do you think your major competitive strengths will be? What background experience, skills, and strengths do you personally bring to this new venture?
• Legal form of ownership: Sole proprietor, Partnership, Corporation, Limited liability corporation (LLC)? Why have you selected this form?
3. Products and Services
a. Describe in depth your products or services. (Technical specifications)
b. What factors will give you competitive advantages or disadvantages? Examples include level of quality or unique or proprietary features.
Answer:
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