Proj , IT Entrepreneurship and Innovation

Project Description

The Ministry of Environment Water & Agriculture stated that the total amount of food waste in Saudi Arabia amounted to four million and sixty thousand tons, which is a very large number. The percentage of food waste in Saudi Arabia is estimated at 45% for raw food and 60% for cooked food. There is a need to work on an agreement between government agencies that are unable to resume production and retail stores on how to use materials.

Think about a business initiative that contributes to reducing food waste and consider the Information Technology as one of opportunities (i.e., utilize IT to accomplish the business mission, goals, and objectives.).Name the business according to your wishes and develop a business plan for your business idea. The business plan document should include:

  • Executives Summary ( 1 Mark)
    • Business name, Business address, and Nature of Business.
    • Vision, Mission, and list the core values.
  • Organizational/Strategic Plan ( 1.5 Mark)
    • Organizational Structure.
    • Goals and Objectives.
    • Key factors to Success.
    • SWOT Analysis
  • Marketing Plan and Analysis ( 2.5 Mark)
    • Identify your target market (i.e., Market Segmentation).
    • Target Market Segment Strategy.
    • Scope out your competition and draft a competitive analysis (i.e., Competitive Edge).
    • Describe the Services/Products to sell.
    • Devise your marketing plan (i.e., The type of advertising or promotion and promotional budget).
  • Web Plan Summary ( 1 Mark)
    • Website Strategy
    • Development Requirements
  • Management Summary ( 1 Mark)
    • Personal Plan (i.e., Explain your daily operations and Identify management).
  • Financial Summary ( 3 Mark)
    • Important Assumption
    • Breakeven Analysis
    • Projected Profit and Loss
    • Projected Cash Flow
    • Projected Balance Sheet
    • Business Ratio