My Work: Submitting Project Analysis & Tables/Figures - Essay Sample

Introduction

A business plan can be referred to as a document that sets out the business's future objectives and strategies for achieving those (Brinckmann & Kim 2015). In other words, it is a document showing the goals of an organization, the methods that will be used to achieve them as well as the time frame by which these goals must be achieved (Simoneaux & Stroud, 2011). Today, the world is developing at a very high rate. The development has called for drastic measures to be taken by different stakeholders such as the government, public investors. Universities and Colleges, as well as individual business people to ensure that they can tap at the available opportunities in all ways possible. Developing countries throughout the world such as those in Africa need better strategies that will ensure that they can develop at a faster rate through the execution of their megaprojects, tapping the opportunities available as well as handling the challenges that are present in these countries (Zhang, Gordon, Buhalis &Ding 2018). The main aim of this paper is to create a business plan that will be used in helping these developing countries.

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The New Venture

The new venture involves the creation of an online platform or Website that contains strong research and development. The platform will ensure that global companies and private investors are merged to execute patents in developing countries, ensuring that they develop at a faster rate and execute their mega projects effectively. The governments will move up due to the effective and efficient implementation of the mega projects, and in return, they will offer the company some equity. The venture will be opened mostly in developing countries that are facing a lot of opportunities as well as challenges.

There are various core value propositions of the venture. Value proposition refers to the answers to why potential customers should do business with you as well as what value you are bringing that the competitors do not offer (Rae 2015). The venture will ensure that there are innovative, unique solutions to global problems as well as ensure the business relations in these countries are improved as well as their economies diversified. The venture will also ensure that there is good and universal leadership in different programs such as education, private and public sectors, and innovative initiatives (Burns 2016). The venture will be helpful in various sectors such as in private sector performance, Government sector performance, social prosperity, technical assistance as well as the transportation and infrastructure sector.

There are potential IP issues that face the new venture. They include the issues such as what IP assets the venture owns, the status of the IP portfolio, how the IP assets can be protected, how vital the IP assets are essential to the success of the venture as well as whether one knows the competitor's IP strategies (WIPO 2020). Other IP issues include whether the venture owns all the IP assets or whether they rely on other people's IP assets (Shah & Parvez 2015). The final issue that should be focused on is whether the venture has the appropriate IP policies and strategies for the venture.

There are several ways in which one can limit the risks from IP issues. These methods may include safeguarding the IP with strong access control, avoiding joint ownerships as well as getting exact-match domains. Other methods may include not filing patents, running lean, and fast and separating teams that are concerned with the IP so that none of them can access the whole product (WIPO 2020). Getting strong non-disclosure agreements and publishing them widely with attribution are also other ways that may limit risks of IP issues.

Validation of the Customer Pain Point

The pain points of the customers are mainly gathered through primary research. They are, however, supported by the secondary research that was held. The validation of the pain points is done through different methods and steps. Firstly, one needs to elaborate to the customers the problem that they are willing to solve one by one (Osterwalder, Pigneur, Bernarda & Smith 2014). In this case, it can be seen that the Website is being created to ensure that global companies and private investors merge and look at means of ensuring challenges are solved and opportunities tapped into (Turi 2017). It is through the implementation of mega projects in these developing countries that some challenges will be addressed and make the countries grow at a faster rate. Everything should be put according to the context of the customer so that they may relate with them, and customers should be asked of the methods or ways that they are currently using to solve the problems that they face (Michelini & Fiorentino 2012). The customers should also be asked about the different things that they love or hate and if there is a budget for different solutions to the challenges that they are facing so that one can see if there is a possibility that they will accept the venture that you are proposing.

The primary research involves a survey that has different questions trying to validate the pain points. These questions included; what else have you tried? What are the implications of that? Who else should I talk to? Why do you bother? (Michelini & Fiorentino 2012). The findings of the survey indicated that a lot of people supported that the creation of a website would ensure that the private investors and global companies would work together to ensure that megaprojects were accomplished in developing nations. Most of the people encouraged and supported the creation of the Website.

Micro-Environment Analysis

Different micro-environment factors will affect the operation of the company and its online platform. These micro factors include competitors, customers, employees, suppliers, as well as the shareholders (Toppr 2020). The competitors are those that have the same websites, and they may be offering the same or similar services (Mullins 2018). Proper strategies should be held to ensure that they are outdone and kept out of business by offering the best services. Other micro factors such as the employees, suppliers, and shareholders are all involved in one way or another in making the online platform and ensuring that the Research and Development are well done (Zhang, Gordon, Buhalis &Ding 2018). The customers are the different Governments that the online platform is being made to ensure that their megaprojects are implemented efficiently and faster.

Macro Environment Analysis

A macro environment can be described as the environment of a business that affects its entire economy (Liozu, S.M. & Hinterhuber, A., 2012). The extent of the influence of the macro-environment largely depends on how they are interlaced with the businesses (Reinhardt et al. 2017). The economy of a business can result in its downfall due to certain situations such as bankruptcy. The following are some of the macro-environmental factors likely to affect the company operation when assisting in the development functions in Nigeria.

Political Factors

This is one of the most significant factors in the analysis of the macro-environment that should be prioritized to understand the various (Itani, OConnell, and Mason 2014). As such, the company's desire to team up with global companies and other private investors in helping bring change in the developing countries has to consider the legislative requirements in the states they choose to operate in (De Villa, Rajwani, and Lawton 2015). For instance, in Nigeria, such conditions include the various policies that control businesses, laws that enhance the safety of its citizens, and the tax requirement. Other political issues include the Boko Haram wars that affect the economic models. Therefore, the company is likely to suffer in the countries that have exploitative and strict legislative bills and other measures that govern business

Social Factors

Social factors are about the demographics, lifestyles, trends, and the ethnic backgrounds of the various communities living in a nation (Baskin et al. 2015). In a bid to help improve public entities in Nigeria, the company is likely to associate with various categories of people, and development may be hampered in situations that lack understanding from both sides (Anggadwita et al. 2017). Such limitations may be imposed by the norms and the communication barriers by the individuals in a particular state. Besides, most developing countries have a low literacy level, which imposes a higher level of misunderstanding is likely to be experienced by the company.

Economic Factors

Economic factors include inflation, unemployment, recession, and the rate of taxation in the countries that a company chooses to operate in (Prillaman and Meier 2014). For instance, the progress of the company in Nigeria is likely to be affected negatively where the taxation rate is highly present in the Nigerian economy, and therefore, affecting the overall turnover of the business actives. Besides, it is difficult for the company to operate in a country that is experiencing a high level of inflation, given that the level of goods in the said country is expected to be high.

Technology

Technological help businesses in gaining competitiveness as well as develop and delivering quality products to their customers. Under this section, company operations can be influenced by inferior technology due to the underdevelopment and inability to acquire new and advanced technology. The Nigeria nation is some of the developing countries with improved technology; however, compared to other technologies, for example, the US, their economy is underdeveloped and thus explaining how the company operations could be halted. Besides, the company can be affected by other companies who have better and improved technology operating in the same business environment

Environmental Factors

Environmental factors can be described as the business surroundings that re likely to influence or affect its operations (Genc 2014). Such factors include the climate in the regions that a company is operating in, waste disposal, sustainability, and recycling procedures. Nigeria is one of the countries which experiences high rainfall annually, and therefore, the rain may affect the operations of the business. The adverse weather conditions can hinder major projects projected by the company. As such, it is worthy for the company to consider these factors before choosing which countries to operate in

Financial Plan

The following is a business plan outlining the projected financial information regarding the company

Imperative Assumptions...