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June 21, 2024

Entrepreneurship (Fundamentals and Concepts)

You need to start a hypothetical business based on an innovative and creative business idea. The initial amount available is 50,000 OMR. Your idea needs to be based on a product, or a service or e-business. Develop a Business Plan for your business idea.

Our business is Food Street complex in the beach of Ghubra beach, muscat Oman s we want make an open an open place for restaurants (indoor in summer, outdoor in winter)

Tasks:

threats

It is effected by weather conditions

Prices do not suit everyone

Strength

open through out the year

We accept all age groups

weaknesses

High temperature in summer and low temperature in winter

Opportunities

able to increase the number of food trucks in the venue.

receive more than one type of business.

2.1 organizational structure & organizational chart:

Organisational Structure

(Which oraanizational structure will your business adopt? Why?)

we chose the functional structure because it can help improve efficiency and foster specialization and to enhance collaboration, ultimately contributing to the success and growth of the business

Organisational Chart

(Draw an organizational chart of your business.)

The partners

MarKeting

Depar-men

Human Resorces

Department

Finance

Department

4.2contribution to business industry:

The local community

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