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ID: 385665 • Letter: H
Question
home / study / business / operations management / operations management questions and answers / use concepts screening new business ideas” and your start up idea feasible?” . below is ... Question: Use Concepts Screening New Business Ideas” and Your Start Up Idea Feasible?” . Below is a link to... (1 bookmark) Use Concepts Screening New Business Ideas” and Your Start Up Idea Feasible?” . Below is a link to a business plan presentation. Watch the the presentation, and answer the following question:Watch these link on Youtube: Bumble -1st Place 2017 National Business Plan competition 1- Why you think this business should be successful? Using specific concepts about Screen New Business Idea and Your Start Up Idea Feasible,to justify your answer. Refer to the Text book Small Business Management 18e Launching & Growing Entrepreneurial Venture. By Justin G. Longenecker, J William Petty, Leslie Palich and Frank Hoy. Business Plan Presentation Links Watch these link on Youtube: Bumble -1st Place 2017 National Business Plan competition Bumble: Bumble Link
Explanation / Answer
This specific business has a great opportunity of success as implementation of a plan which directly focuses on betterment of the society as well as implementation of a business program for betterment of the beehive industry is a definitely better option for operation in the specific market segment.
As this business directly relates to maintaining education about maintenance of beehive as well as implementation of learning activities at the workplace or directly integrating on the learning activities to the workplace increases the chances of influencing other businesses for maintaining high productivity as well as training Their employees on the go.
This type of interactive service approach cannot only be used with honey industry but this service approach can further be expanded at other type of service provision such as providing training programs as well as teaching programs to other organisations in their work please as the work is going on. This on job training would provide adequate understanding of continuous improvement as well as it would also help other businesses to improve their overall efficiency as well as productivity.
All these activities are very essential for Bumble to be success as a good business. This business also has a great propensity of going Global rather than staying at their main location. If any of the bigger farm in West great amount of accounting specific project then the expansion of bumble is possible in to International environment benefiting the environment by a huge margin as well as creating a better sustainable impact to the company's overall shares. This business operations can be highly beneficial for other organisations as it directly increases the chances of learning new capabilities for training the employees as well as providing educate information regarding maintenance of honey industry.
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