QUESTION $1$

PLEASE CREATE A PRODUCT EXAMPLE AND USE THE FOLLOWING BELOW GIUDE:

$>$ Develop a business plan for an Innovative product. This product must be of $4$IR in nature $($Fourth Industrial Revolution$).$ You must apply industrial engineering tools and or methodologies.

$>$ As an entrepreneur you need to explore an innovative idea $($Product which have not been seen in South Africa$).$

$>$ You can make the product using scrap materials or design the products using computer software.

$1\mathrm{.}1$ SECTION A: EXECUTIVE SUMMARY

$1\mathrm{.}2$ SECTION B: COMPANY PROFILE $/$ BUSINESS DESCRIPTION

$1\mathrm{.}3$ SECRION C: PRODUCTION $/$ OPERATIONS PLAN

A$)$ PRODUCTION PROCESS$/$ OPERATIONS

B$)$ LOCATION ADVANTAGES

C$)$ CAPITAL EQUIPMENT.

D$)$ PERSONNEL

E$)$ QUALITY CONTROL

$1\mathrm{.}4$ SECTION D: MARKETING PLAN

A$)$ MARKETANALYSIS

B$)$ ENVIRONMENTAL ANALYSIS

C$)$ COMPETITIVE ANALYSIS

D$)$ TARGET MARKET PROFILE

$1\mathrm{.}5$ SECTION E: MARKETING STRATEGY

A$)$ PRODUCT$/$ SERVICE STRATEGY

B$)$ PRICING STRATEGY

C$)$ PROMOTION STRATEGY

D$)$ DISTRIBUTION STRATEGY

$1\mathrm{.}6$ SECTION F: HUMAN RESOUCE PLAN

A$)$ BOARD OF DIRECTORS $+$ OWNERSHIP

B$)$ ORGANIZATIONAL CHART

C$)$ PROFESSIONAL SUPPORT

$1\mathrm{.}7$ SECTION G: FINACIAL PLAN

A$)$ CASH FLOW STATEMENT

B$)$ INCOME STATEMENT

C$)$ BALANCE SHEET

D$)$ BREAK $-$ EVEN ANALYSIS

E$)$ FUNDING REQUIREMENTS

F$)$ CRITICAL RISKS