Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hi good day I have attached an example on how to make a business plan using the same format, but please note that this is

Hi good day I have attached an example on how to make a business plan using the same format, but please note that this is a sample you only need to make a new one based on my previous performance task or the work I have attached below which is the jollibee.

Based on the previous observation you made in your case. Business/service chosen within your community (PERFORMANCE TASK)

MODULE 9), you are now going to make a simplified business plan.

Follow the PT format for Week 2 and 3.

Directions:

1. Build a simplified business plan using the same format based on your Week 2 performance task.

2. The business plan should now be focused from your perspective, taking note of the following: a. The new business that you are going to set up will be the same type of PT business as the previous PT. b. From your point of view, how are you going to level that up?

Chosen business/service that's already in your business

The community to make this a "new" business.

c. Please provide a name for your business

Here are the sample simplified business plan:

I. Raine & Enna Shop

During this moment of crisis, lots of individuals are brainstorming business ideas that could suffice their daily needs in life. Moreover, I'm humbly introducing to you the Raine and Enna Shop, together with my friend, we have planned to build and make an online selling platform wherein we will going to vend affordable and voguish products such as clothes, foods, and other feasible goods.

II. Partnership

A business partnership is a legal relationship that is most often formed by a written agreement between two or more individuals or companies. The partners invest their money in the business, and each partner benefits from any profits and sustains part of any losses.

III. SWOT Analysis

SWOT Analysis

ss

Offers trendy items and goods suited for the customers.

Retails affordable products

Easy access for prospects especially it'll be posted online

ss

Not yet rated and unknown for possible customers.

Price range of suppliers

Demands of the goods

s

Businesses are being run commonly now in online.

Young prospects are assumed to purchase

Lots of individuals spend lots of time virtually.

s

On-going competition everywhere

Unreliable suppliers

Scammers

IV. Porter's Five

a.) Supplier- Raine & Enna Shop is mainly supplied by an online seller supplier.

b.) Buyers- Some of our online friends through Facebook and Twitter and other neighborhoods near home who know about our business.

c.) Number of competitors- numerous/many

d.) Possibility of substitution- During this pandemic, there's a lot of people trying to be an online seller, as well, and that's one of our competencies.

e.) Possibility of new entrants- Possibility for other sellers to have the same product as ours.

Market Analysis:

1.)Business satisfies everyone that instead of going out to the mall, all they need to do is choosethrough online in just one click.

2. a.) I don't know how to answer this hahaha in this part.

This is the part that will underlie u to make a business plan, and this is also my previous performance task 2.

I.Jollibee

Jollibee is a Philippine multinational fast-food chain owned by Jollibee Foods Corporation (JFC). Tony Tan and his family decided to convert the ice cream parlor into a fast-food restaurant, which became the first Jollibee outlet in 1978. By the end of the year, there were seven branches in Manila Metro. Jollibee's first franchised outlet opened in Santa Cruz, Manila, in 1979.

II.Corporation

The core business of Jollibee Foods Corporation ('JFC' or 'Company') is the development, operation and franchise of its fast-service restaurant brands. It offers a wide range of affordable and delicious dishes and delicious food prepared to satisfy customers of all ages and all walks of life. Food quality, service, value for money, location and ambience, and efficient operation continue to be critical to the company's success in the fast-service restaurant sector.

III.SWOT analysis

STRENGTHS

  1. Variety of Food
  2. Strong Network

3.Tasty Food and Quality check

WEAKNESS

1.Technology

2.Fast-food not preferred by all

3.Lack of Marketing

OPPORTUNITIES

1.New products and services

2.Online market

3.International Expansion

THREATS

1.Competitors

2.Increase in Healthy Living among people

3.Rivalry between Jollibee and Mcdonalds

IV.Porter's Five Forces

A. Supplier- Suppliers' bargaining power is high on the market. This is because there are few providers producing home entertainment and media-based content. Since Porter's 5 Forces of Jollibee Foods Corporation (A) and (B) Case Help have actually competed against the traditional provider of entertainment and media, the agreement needs to be more flexible than traditional organizations. The products are based on innovation, and the dependence of companies is increasing on a continuous basis.

B.Buyer - The characteristics of the media and show business enable customers to have high bargaining power. The revenues and sales generated by the company are based on subscribers located in a variety of locations around the world. The low cost of change also enables clients to search for other media providers and cancel their Porter's Five Forces of Jollibee Foods Corporation (A) and (B) Case Analysis subscription, thus increasing their business risk. As a result, the business may not charge high rates for customer services and should keep the pricing strategy in line with the customer's needs, with minimal price increase.

C. Number of competitors - The industry where the Porter's Five Forces of Jollibee Foods Corporation (A) and (B) Case Help was run because many market players began with significant market share and increased revenue. There is an intense level of competition or competition in the media and entertainment industry that engages organizations with the aim of maintaining current consumers by offering services at cheap or reasonable costs. Porter's 5 Forces of Jollibee Foods Corporation (A) And (B) Case Analysis has actually faced intense competition from rival companies using on-demand videos, traditional broadcasters and DVD retailers.

D.Possibility of substitutions (existing competitors) - The risk of substitution in the market poses a moderate level of danger in the media and the show business. The company is faced with strong competition from competitors offering similar services through online streaming and rental DVDs. The supplier of conventional media material is one of the examples of alternative products. The customer may also be involved in other recreation and info sources compared to viewing media content and streaming online.

E. Possibility of New Entrants (new possible competitors) - There is a high cost of access to the media and training market. Show business requires a large amount of capital, as the business engaged in providing entertainment services has a higher start-up cost, including

Legal cost

Marketing expense

Distribution cost

Licensing cost

Market Analysis:

1.How does the chosen business enterprise (product or service) Affects the community?

Jollibee Foods Corporation (JFC) operates the largest chain of fast-food restaurants in the Philippines and relies on a steady supply of raw materials, such as vegetables, cereals and animal products, at significant quantities and stable prices. However, the agricultural sector in the Philippines is particularly vulnerable to extreme weather events such as typhoons, and when extreme weather conditions reduce crop yields, production prices inevitably rise - exacerbated by middlemen who raise prices exorbitantly.

In order to mitigate this supply chain risk, in 2009 JFC began to purchase products directly from smallholder farmers, in addition to its traditional intermediary traders. JFC has invested a significant amount in partnership building and training to organize farmers into functioning cooperatives. Buying directly from farmers means that when one area of the country produces lower yields, JFCs can buy from a less affected area.

2.Basing on your SWOT Analysis, what are the things you would suggest to the owner to.

A.overcome the company's weaknesses and threats,

B.Maintain or improve the company's strengths and Opportunities

A.The weakness of the brand is seen in the concept that fast food brings obesity and many health issues, food products of high price, lack of technology, and lack of marketing strategies. Jollibee should also come with salad options in their menu with today's technology.

B.

The opportunities for the brand are seen when it ventures into the online market, including new products and services, and on expanding it globally. The brand sees a threat from many competitors and with the concept of healthy living being adopted by many people.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Law Of Torts

Authors: Joseph W. Glannon

6th Edition

1543807690, 978-1543807691

More Books

Students also viewed these Law questions

Question

BUDGETING

Answered: 1 week ago

Question

1. To take in the necessary information,

Answered: 1 week ago