The new and establish entrepreneurship business known as Peace Essentials is developed by a project in this assignment and how it influences in the Indian market. The result of this assignment has come from many secondary data resources including journals, books, and websites. This assignment’s main finding is there is a vast possibility for the planned organization, Peace Essentials, in the Indian market.
Though, there are many restrictions in the planned organization due to forces derive from the environment of external business, for example, environmental issues, political issues, legal issues, social issues, technological issues, and economic issues. Additionally, the planned organization may observe harsh competitiveness in the Indian market. If the planned organization would like to go on in the Indian market with sustainable challenging benefits, it should make sure of quality products with reasonable costs and give outstanding consumer services.
Table of Contents
1.0 Scope of the project
2.0 Overview of the proposed business.
2.1 Project Life Cycle.
2.1.1 Definition stage.
Project purpose and scope.
2.1.2 Project Planning.
2.1.3 Project Execution.
2.1.4 Project delivery.
Entrepreneurship business’s prospect is increasing up in international business including India. Most significantly, according to Shane and Venkataramn (2014), in the increasing and improving countries such as India, there are enormous chances for established and new, small as well as medium-sized entrepreneurship businesses. A small and medium-sized new entrepreneurship business is managed by a project in this assignment on how it could establish its organization and market in the Indian market.
Therefore, the first part of this assignment has provided an outline of the planned organization as well as its manufacture costs and goals and aims. After that, this assignment has provided an outline of the Indian market. Next, the assignment has managed a positional study on the planned organization concentrating on the market of India.
1.0 Scope of the project
The planned project has restricted entrance in the Indian marketplace. Therefore, this assignment improves a project for a planned organization known as Peace Essentials on how it can improve its business in the market of India.
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2.0 Overview of the proposed business
In this assignment, Peace Essentials is the proposed organization. It is an established and new business. It is also a small and medium-sized entrepreneurship business. Two brothers invest in the business of Peace Essentials and they plan for business purposes. £150,000 is the proposed project’s primary funds. According to Peace Essentials (2016), the main products of Peace Essentials are perfumes, fragrances, Islamic clothing, and Islamic books.
Peace Essentials aim is to be a leading dealer in the Muslim society of India and the company of Islamic clothing. Peace Essentials’ vision is to serve excellence products with reliability and outstanding consumer service. The essential aims are to improve its business in the Indian market to achieve a suitable step of profit and revenue. According to Peace Essentials (2016), Peace Essentials purposes are: to achieve developed profit and revenue; to achieve understanding and knowledge; to achieve consumer pleasure, customer loyalty, consumer retention, and consumer meeting.
2.1 Project Life Cycle
Hermsen et al. (2016) suggest the project managers to use the project life cycle to control and manage the project work effectively and efficiently. The project life cycle includes four steps of project works, which are project definition, project planning, project execution, and project delivery…………..
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