BSBMGT517 - Report Instructions For this assessment, you will need to respond to the following task. This task will need to be completed and submitted in a professional, word-processed format. Each...

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BSBMGT517 - Report



Instructions


For this assessment, you will need to respond to the following task. This task will need to be completed and submitted in a professional, word-processed format. Each numbered statement is expected to be a Brief Submission.It is recommended that you discuss ideas with your fellow colleagues to ensure your actions are responsive to the assessment method.






Task - Create an Operational Plan


An Operational Plan is the strategic or pragmatic part of a business plan. It specifically details how to go about accomplishing the goals of a strategic business plan.


Create a Report of up to 2,000 words.To get a satisfactory grade (S) - your Report MUST be a professionally formatted single document. It MUST be a professionally formatted "Report" that could be used! It MUST contain a TITLE and have NORMAL size and style font, have page numbers and must NOT contain blank pages! References are not required, but the words have to be yours, DO NOT PLAGIARIZE, don't just copy and paste words from the internet.


IMPORTANT:the report MUST have a cover page and be uploaded as an FDF file. You MUST press the submit button for the assessment to be available for marking.


The Assessment


Team-work or group work is NOT permitted for this assessment (this is to ensure the authenticity of the work, that the learners has actually done it themselves and not relied on others). Plagiarism is NOT permitted and will NOT be tolerated. Plagiarism will result in an NYS (Not Yet Satisfactory) mark and a written warning (see student handbook which is available on the Home Page for further details).


If you are unsure of the requirements of a question, activity or project – please contact your trainer for clarification. Reasonable adjustment options are available however this must be arranged with your trainer prior to assessment. If you have existing relevant work experience or completed existing previous studies that show competency in this unit, you may apply for recognition of prior learning (RPL). If you wish to apply for RPL, upload supporting documents and evidence to the evidence of prior learning folder (which can be found in: Profile | Learning Plan | Evidence of prior learning) and then notify your trainer/assessor.


You can access relevant legislation, regulations, standards and codes, workplace documentation and resources either online or in the Learning Resources Folder. The assessment must be uploaded to this platform in a PDF file with a maximum size of 5 Mb. The assessment project must be professionally formatted


The Pitch


The business idea is as follows;


•You want to start up a tour business that caters for MAMILs


•The idea is that, for a fee, you will arrange cycling tours in desirable (bucket list) locations, e.g.


•Tour of Tasmania in warmer months


•In the more temperate months offer tours of wine regions such as Barossa and Clair Valleys in SA, or Margaret River Region in WA or Hunter Valley and surrounds in NSW


•Tropical tours in the colder months e.g. the Daintree and Port Douglas region, etc.


•The tours will accommodate approx. 20-30 cyclists at a time and will be fully supported by your team of tour coordinators and tour support teams.


•You will market to MAMILs in your own capital city


•You will equip a 6 Metre (20ft) shipping container to safely and securely transport their bicycles and equipment to the starting point for each tour and return everything to a central point back in their capital city at the end of the tour.


•It is the responsibility of each MAMIL to drop off and pick up their gear at the central point in your capital city.


•The duration of the tours will range from 7-14 days


•Preliminary research on your part indicates that MAMILs would be prepared to pay in the range of $3-5K each for a tour.


•The model that your tours will follow is;


•The MAMILs pay their own travel costs to get to the start point of the tour and their return home at the completion of the tour.


•Your tour team will provide a support vehicle to travel with the herd each day of the tour.


•The tours will range from budget tours where the herd will stay overnight in camping and caravan parks along the way, through to more up-market tours where they will stay in hotel and or B&B style accommodation.


•For the budget tours, you propose that your support vehicle provides a BBQ breakfast and evening meal at the camps.


The way you want to set up this new business is to develop a single but successful operation that services MAMILs in your Capital City. When you have, the model running successfully you plan to franchise operations nationally and potentially internationally. Your goal is that in five years’ time you will be managing a group of franchises and have both a good income as well as a good work/life balance.


What to include in your Operational Plan - Instructions


1. Conduct a SWOT analysis on this proposal


2.Following the SWOT analysis make a determination on the viability of the proposed business. Consideration for your risk management and decide on a “Go” or “No-go” for developing this business


3.Assuming a “Go”, now your team is to agree on a business name


4.Now develop a Mission Statement for the business


5.What is the Vision Statement and develop a draft Values Statement?


6.Now consider the operations and develop a preliminary Organisation Chart, indicating the functional units of the business


7.Select one functional Unit and develop a draft Management Plan that describes how the Unit will be managed.


8.List 2 Key Result Areas (KRAs) for the Unit/Team


9.Develop a draft Operational Plan that will achieve these 2 KRAs. Do not try and develop Operational procedures at this time because it is a very big job, however, make a list of the operations within the Unit that could require clear operating procedures


10.List resources that you will require the implement your Operational Plan including human resources


11.Identify any resources that you do not currently have but will be needed to achieve your goal


12.Outline a strategy for obtaining any identified additional resources including approvals.


13.Identify key milestones in the implementation of your Operational Plan


14.Develop a checklist for monitoring the progress and effectiveness of your Operational Plan. Consider some monitoring factors such as;


a.Progress


b.Performance


c.Budget


15.Outline the features how you could effectively monitor and review the implementation of your Operational Plan.


16.Develop a list of contingency plans for the operations


17.Develop a plan to protect intellectual property


Evidence Criteria


This exercise is about you demonstrating that you are able to; research, analyse and document resource requirements and develop an operational plan; use key performance indicators to measure organisational performance; ensure that employees are recruited and/or inducted within the organisation’s human resources management policies, practices and procedures; Recognise and incorporate requirements for intellectual property rights and responsibilities in recruitment and acquisition of resources and services.







Observation Checklist


In order to satisfactorily (S) pass this assessment, an assessor will check to ensure that ALL of the following points form part of your written report presentation. As such, in the report you MUST: in your own words:




  • Clearly define the purpose and objective of this specific operational plan. Explain what it is you are aiming to accomplish and how you aim to ensure it is successful.


  • Clearly list both physical and human resources that are needed and how you have derived at the answer


  • Develop clear milestones or objectives for each activity in the plan


  • Include a reasonable contingency plan


  • Recognise and incorporate requirements for protecting intellectual property rights


  • Describe if and what approvals might be needed and what parties they should be sought from


  • The cover-sheet MUST be filled in a have your SIGNATURE (use an app)

  • Upload the complete Report in PDF format

  • And you must produce a professional document and incorporate appropriate vocabulary and grammatical structure (e.g. the document MUST have atitle, paragraphs must have the same style throughout and normal size font, it must not have blank pages, it must be in portrait orientation, it must have page numbers, it must not have blank carriage returns, it must have normal margins, it must be in A4 and it must look good)












































































































Assessment CoverSheet





Student’s name







USI






Assessor’s



Name







Date Submitted









As a Student are you ready for assessment? (If NO please comment why)



Yes☐



No☐



Has the assessment process been explained?



Yes☐



No☐



Do you understand which evidence is to be collected and how?



Yes☐



No☐



Have your rights and the appeal system been fully explained or displayed?



Yes☐



No☐



Have you discussed any special needs to be considered during assessment?



Yes☐



No☐




Comments:
















Student Declaration



I agree to undertake assessment in the knowledge that information gathered will only be used for professional development purposes and can only be accessed by the RTO



I declare that:


The material I have submitted ismyownwork;


I have kept a copy of all relevant notes and reference material that I used in the production ofmywork;


I have given references for all sources of information that are notmyown, including the words, ideas and images ofothers.




Student
Signature








Date










Table of Contents



SWOT Analysis


SWOTL Analysis


Business name


Mission Statement


Vision Statement and Draft Values Statement


Preliminary Organisation Chart, indicating the functional units of the business


Select one functional Unit and develop a draft Management Plan that describes how the Unit will be managed


Two Key Result Areas (KRAs) for the Unit/Team


Develop a draft Operational Plan that will achieve these 2 KRAs


Resources Required


Strategy for obtaining resources including approvals


Key milestones in the implementation of the Operational Plan


Checklist for monitoring the progress and effectiveness of the Operational Plan, regarding Progress, Performance and Budget


Features to effectively monitor and review the implementation of the Operational Plan


Contingency plans


Plan to protect intellectual property




Operational Plan


SWOT








































































































SWOTL Analysis



Following the SWOT analysis make a determination on the viability of the proposed business.Consideration for your risk management and decide on a “Go” or “No-go” for developing this business.


Write a minimum of 100 words here. They MUST be in your own words. Plagiarism will not be tolerated.Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words.


Business name


Insert the name of your business


Mission Statement


Insert your mission statement


Vision Statement and Draft Values Statement


Insert the above…


Preliminary Organisation Chart, indicating the functional units of the business


Write a minimum of 100 words here. They MUST be in your own words. Plagiarism will not be tolerated.Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words.


Select one functional Unit and develop a draft Management Plan that describes how the Unit will be managed


Write a minimum of 100 words here. They MUST be in your own words. Plagiarism will not be tolerated.Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words.


Two Key Result Areas (KRAs) for the Unit/Team


Write a minimum of 100 words here. They MUST be in your own words. Plagiarism will not be tolerated.Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words.


Develop a draft Operational Plan that will achieve these 2 KRAs


Write a minimum of 100 words here. They MUST be in your own words. Plagiarism will not be tolerated.Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words.


Resources Required


List the above…


Strategy for obtaining resources including approvals


Write a minimum of 100 words here. They MUST be in your own words. Plagiarism will not be tolerated.Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words.


Key milestones in the implementation of the Operational Plan


Write a minimum of 100 words here. They MUST be in your own words. Plagiarism will not be tolerated.Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words.


Checklist for monitoring the progress and effectiveness of the Operational Plan, regarding Progress, Performance and Budget


Instert the above requirements…


Features to effectively monitor and review the implementation of the Operational Plan


Write a minimum of 100 words here. They MUST be in your own words. Plagiarism will not be tolerated.Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words.


Contingency plans


Write a minimum of 100 words here. They MUST be in your own words. Plagiarism will not be tolerated.Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words.


Plan to protect intellectual property


Write a minimum of 100 words here. They MUST be in your own words. Plagiarism will not be tolerated.Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words.




















Assessment Cover Sheet











































































Student’s name






USI






Assessor’s name







Date Submitted









As a Student are you ready for assessment? (If NO please comment why)



Yes☐



No☐



Has the assessment process been explained?



Yes☐



No☐



Do you understand which evidence is to be collected and how?



Yes☐



No☐



Have your rights and the appeal system been fully explained or displayed?



Yes☐



No☐



Have you discussed any special needs to be considered during assessment?



Yes☐



No☐







Comments:







Student Declaration



I agree to undertake assessment in the knowledge that information gathered will only be used for professional development purposes and can only be accessed by the RTO



I declare that:


The material I have submitted ismyownwork;


I have kept a copy of all relevant notes and reference material that I used in the production ofmywork;


I have given references for all sources of information that are notmyown, including the words, ideas and images ofothers.







S
tudent
Signature







Date










Table of Contents



SWOT


PESTELAnalysis


Business name


Mission Statement


Vision Statement and Draft Values Statement


Preliminary Organisation Chart, indicating the functional units of the business


Select one functional Unit and develop a draft Management Plan that describes how the Unit will be managed


Two Key Result Areas (KRAs) for the Unit/Team


Develop a draft Operational Plan that will achieve these 2 KRAs


Resources Required


Strategy for obtaining resources including approvals


Key milestones in the implementation of the Operational Plan


Checklist for monitoring the progress and effectiveness of the Operational Plan, regarding Progress, Performance and Budget


Features to effectively monitor and review the implementation of the Operational Plan


Contingency plans


Plan to protect intellectual property






Operational Plan


SWOT








































































































PESTELAnalysis



Following the SWOT analysis make a determination on the viability of the proposed business.Consideration for your risk management and decide on a “Go” or “No-go” for developing this business.


Write a minimum of 100 words here. They MUST be in your own words. Plagiarism will not be tolerated.Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words.


Brief Introduction of Business( If students choose the Business they work for or want to start their own new project for future use)


Business name


Insert the name of your business



Mission Statement


Insert your mission statement


Vision Statement and Draft Values Statement


Insert the above…


Preliminary Organisation Chart, indicating the functional units of the business


Write a minimum of 100 words here. They MUST be in your own words. Plagiarism will not be tolerated.Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words.


Select one functional Unit and develop a draft Management Plan that describes how the Unit will be managed


Write a minimum of 100 words here. They MUST be in your own words. Plagiarism will not be tolerated.Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words.


Two Key Result Areas (KRAs) for the Unit/Team


Write a minimum of 100 words here. They MUST be in your own words. Plagiarism will not be tolerated.Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words.


Develop a draft Operational Plan that will achieve these 2 KRAs


Write a minimum of 100 words here. They MUST be in your own words. Plagiarism will not be tolerated.Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words.


Resources Required


List the above…


Strategy for obtaining resources including approvals


Write a minimum of 100 words here. They MUST be in your own words. Plagiarism will not be tolerated.Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words.


Key milestones in the implementation of the Operational Plan


Write a minimum of 100 words here. They MUST be in your own words. Plagiarism will not be tolerated.Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words.


Checklist for monitoring the progress and effectiveness of the Operational Plan, regarding Progress, Performance and Budget


Instert the above requirements…


Features to effectively monitor and review the implementation of the Operational Plan


Write a minimum of 100 words here. They MUST be in your own words. Plagiarism will not be tolerated.Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words.


Contingency plans


Write a minimum of 100 words here. They MUST be in your own words. Plagiarism will not be tolerated.Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words.


Plan to protect intellectual property


Write a minimum of 100 words here. They MUST be in your own words. Plagiarism will not be tolerated.Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words, words, words, words. Words.







Answered 6 days AfterMay 11, 2021BSBMGT517Training.Gov.Au

Answer To: BSBMGT517 - Report Instructions For this assessment, you will need to respond to the following task....

Jose answered on May 17 2021
138 Votes
The University of Queensland
Running Head : Management
1
Management
Operational Plan
Student Code ‘
Instructor Code
Date
Table of Contents
31.0 Introduction
32.0 Body – Operational Plan
32.1 Swot Analysis
42.2 PESTEL Analysis
42.3 Business Name
52.4 Mission Statement
52.5 Vision Statement
62.6 Organizational Chart and Functional Units of the Business
61.
Operations
62.
Sales
63.
Administrat
ion
62.7 Management Plan of Operations Department
82.8 Key Result Areas
82.9 Operational Plan for Achieving Key Result Areas
92.10 Resources Required for Attaining Key Result Areas
92.11 Strategy for Obtaining Resources Including Approvals
102.12 Key Milestones in the Implementation of the Operational Plan Milestones Table
102.13 Checklist for Monitoring the Progress and Effectiveness of the Operational Plan, regarding Progress, Performance and Budget
112.14 Features to Effectively Monitor and Review the Implementation of the Operational Plan
112.15 Contingency plans
121.
Major Risks Affecting the Company
122.
Prioritizing the Risks
123.
Developing Strategy for Each Risk
124.
Follow up
122.16 Plan to protect intellectual property
123.0 Conclusion
134.0 References
1.0 Introduction
An Operational Plan is the strategic or pragmatic part of a business plan. It specifically details how to go about accomplishing the goals of a strategic business plan. Business managers consider different aspects while developing an effective operational plan. In the operational plan, we have to include the tasks we have to achieve, staffs that we required for completing the operational activities and it also covers the goals and objectives. In this research paper, we are developing an operational plan for a start-up tour business that caters needs of the MAMILs.
2.0 Body – Operational Plan
2.1 Swot Analysis
The most important part of the operational plan is conducting a swot analysis, it helps for understanding the strengths, weakness, opportunities and threats of a new business plan.
Internal Factors
    Strengths
    Weakness
    Customer Satisfaction
Mobile App Support
Skilled and Competent Staff
    Shortage of marketing fund
Website is not supportive
Not Easy to Build the Brand Image
External Factors
    Opportunities
    Threats
    Use of Social Media and Other Sites
Expand to Other Places in Australia
Create Long-Term Customers
    Competitors from South Australia
Technological Problems
Government Laws and Restrictions
2.2 PESTEL Analysis
1. Political Factors – The company has to consider the existing government rules and regulations related to starting a tour business in South Australia
2. Economic Factors – The economic factors are not supportive, the economy is facing a slow-moving trend and it affects the new and existing business organizations.
3. Social Factors – Most people are interested to use cycles as the major vehicle for reducing fat and improving health. The current business idea is attractive and people in South Australia are giving more importance to fitness and healthcare
4. Technological Factors – From time to time changes are taken place in the technology field, for meeting the needs of the customers the company has to implement innovative tools and methods (Verbong et al 2020)
5. Environmental Factors – Cycling create some environmental problems, cycling is bad for the environment because people exhale an increased amount of carbon dioxide when they're pedalling on a bike. The rider emits more carbon oxide when they ride the bike and it's harmful.
6. Legal Factors – The legal laws in South Australia are supportive and it states that separate path should be provided to the cyclist, without disturbing the way of common people.
2.3 Business Name
The name of the new start-up business is Pedal Beyond; the headquarters of the company is situated in Adelaide. The company plans to start its operations in South Australia and future, the company wants to expand the business into other regions. The company wants to provide quality services to the customers at less cost.
2.4 Mission Statement
Pedal Beyond company wants to become one of the best company in the cycling tour business in South Australia. The company wants to provide a unique experience to the customers and the company give more importance to customer satisfaction. The company also wants to create a long term relationship with the customers by providing the best quality services at less cost
2.5 Vision Statement
Beyond Pedals envisions millions of people riding bikes, we encourage people to ride a bicycle, which always...
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