Communication Assignment Sample For Singapore Students
Posted on: 11th Oct 2022

BUS357 Starting And Managing A Business SUSS Assignment Sample Singapore

BUS357 Starting And Managing A Business is an online course that covers the essentials of starting your own business. The course covers topics such as business planning, marketing, financing, and legal considerations. Throughout the course, you will have the opportunity to put what you’ve learned into practice by developing your own business plan. By the end of the course, you will have a strong foundation on which to build your own successful business.

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The following are assignment activities:

Assignment Activity 1: Analyze Opportunities For Entrepreneurship, Including Social Entrepreneurship, And Identify Customer Pain Points.

Entrepreneurship is the process of designing, launching, and running a new business or enterprise. Individuals who are successful in entrepreneurship display many qualities, including creativity, risk-taking, determination, and perseverance. There are several different types of entrepreneurship, including social entrepreneurship.

Social entrepreneurs are individuals who identify social problems and develop innovative solutions to address them. They often seek to change the systems and structures that perpetuate these problems. A key step in becoming a successful social entrepreneur is to identify customer pain points. This involves understanding the needs and wants of potential customers and developing creative solutions that address these needs. By identifying customer pain points, social entrepreneurs can create more effective and efficient solutions that have the potential to bring about lasting change.

Assignment Activity 2: Appraise And Validate Business Ideas And Assumptions Using ‘Lean Start-Up Methods’.

The Lean Startup is a new approach to business that is being adopted by startups and established businesses alike. The basic premise of the Lean Startup is to move quickly and efficiently from idea to product/service, using customer feedback to validate assumptions and drive business decisions.

The Lean Startup approach has its roots in the lean manufacturing movement, which stresses the importance of eliminating waste and maximizing value. In the context of business, this means moving quickly from idea to product/service and using customer feedback to validate assumptions and make course corrections along the way.

The beauty of the Lean Startup approach is that it can be applied to any type of business, from a startup restaurant to a major corporation. So if you’re looking for a more efficient and effective way to get your business off the ground, the Lean Startup may be just what you’re looking for.

Assignment Activity 3: Construct Business Models And Business Plans For New Start-Ups And Traditional Businesses, Including Regulatory Frameworks.

A business model is a framework for how a company plans to generate revenue and profit. A well-designed business model will take into account the company’s strengths and weaknesses, as well as the opportunities and threats it faces in the marketplace.

A business plan is a document that outlines the goals, strategies, and objectives of a business. It also contains financial projections and a marketing plan. A business plan is essential for any new business, as it provides a roadmap for success.

When writing a business plan, it’s important to be aware of the various regulatory frameworks that may apply to your business. These include zoning regulations, licensing requirements, and environmental regulations. Failure to comply with these regulations can result in hefty fines or even the shutdown of your business. so it’s important to do your research and make sure you are in compliance with all applicable laws and regulations.

Assignment Activity 4: Apply The Essential Knowledge And Interpersonal Skills To Work Effectively In A Team.

Working effectively in a team requires a combination of essential knowledge and interpersonal skills. First, it is important to have a clear understanding of the team’s goals and objectives. Each member of the team must be aware of their role in achieving these goals, and everyone must be willing to work together towards a common goal.

In addition, it is essential to develop strong interpersonal skills. Good communication, for example, is key to ensuring that everyone is on the same page and that each team member feels valued. It is also important to be able to resolve conflicts quickly and effectively. By developing both the essential knowledge and interpersonal skills needed to work in a team, you can set yourself up for success.

Assignment Activity 5: Demonstrate Proficiency In Writing A Business Plan.

A business plan is a formal document that outlines the goals and objectives of a business. It also includes details on the company’s marketing and financial strategy. A well-written business plan is an essential tool for any business, as it can help to attract investors and secure financing.

  • The first step in writing a business plan is to research the industry and the market. This will help to identify any potential opportunities or threats.
  • Next, the company’s mission statement and goals should be clearly defined. The marketing and financial sections of the plan should then be researched and written.
  • Finally, the plan should be reviewed by an expert before it is presented to potential investors.

By following these steps, you can ensure that your business plan is professional and polished.

Assignment Activity 6: Practice Making Oral Presentations In Class Or Recorded Video In Areas Related To Starting And Managing A Business, Including Pitching To Investors.

Starting and managing a business is a difficult task that requires many different skills. One of the most important skills is the ability to make an oral presentation. This includes pitching ideas to investors and convincing them to provide funding. It also involves giving presentations to employees and customers.

Fortunately, there are many ways to practice making oral presentations. In class, students can give presentations on various topics related to starting and managing a business. This will help them develop the confidence and skills needed to give successful oral presentations in the future.

Another option is to record video presentations and practice giving them in front of a mirror or camera. This will help students to identify any areas that need improvement. By taking the time to practice, students will be better prepared to give successful oral presentations in the business world.

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