Business Finance
MGT 402 Saudi Electronic University Talals Fish Store Start up Business Plan Paper

MGT 402

Saudi electronic university

MGT

Question Description

I need support with this Management question so I can learn better.

  • Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions.
  • All answered must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism).
  • Submissions without this cover page will NOT be accepted.

Unformatted Attachment Preview

College of Administrative and Financial Sciences Assignment 3 Deadline: 04/04/2020 @ 23:59 Course Name: Entrepreneurship and Small Student’s Name: Talal alhaddad Business Course Code: - MGT 402 Student’s ID Number: Semester: II CRN: Academic Year: 1440/1441 H For Instructor’s Use only Instructor’s Name: Students’ Grade: Marks Obtained/Out of Level of Marks: High/Middle/Low Instructions – PLEASE READ THEM CAREFULLY • The Assignment must be submitted on Blackboard (WORD format only) via allocated folder. • Assignments submitted through email will not be accepted. • Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page. • Students must mention question number clearly in their answer. • Read carefully Grading Rubric below for specific criteria: 0-5 Marks • Late submission will NOT be accepted. • Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions. • All answered must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism). • Submissions without this cover page will NOT be accepted. Department of Business Administration Entrepreneurship and Small Business - MGT 402 Assignment 3 Marks:5 Course Learning Outcomes: 1. Utilize strong analytical skills and tools to formulate an effective Bootstrap Marketing Plan on which a small business can build a competitive edge in the market place. (Lo 1.8, 4.3 & 4.5). 2. Deliver and communicate marketing massages in coherent and professional manner. (Lo 4.4). Start-up Business Plan Assume yourself as an entrepreneur of a small-scale business in Saudi Arabia. (In Continuation to the Assignment -2) 4. Products and Services a. Describe in depth your products or services. (Technical specifications) b. What factors will give you competitive advantages or disadvantages? Examples include level of quality or unique or proprietary features. 5. Marketing Plan a. Market Research- Why? b. Market Research- How? Primary or Secondary Data? c. In your marketing plan, be as specific as possible; give statistics, numbers, and sources. The marketing plan will be the basis, later on, of the all‐important sales projection. Product • Describe the most important features. What is special about it? • Describe the benefits. That is, what will the product do for the customer? Customer • Identify your targeted customers, their demographics Competition • What products and companies will compete with you? • How will your products or services compare with the competition? Strategy • Outline a marketing Strategy. Promotion • How will you promote your Product? • What will be your promotional budget? Distribution Channels How do you sell your products or services? MGT402 – Assignment Rubric Marks:5 Percentage 100 Percentage: 50 Marks: 2.5 Requirements Percentage: 50 Marks: 2.5 Content Exceeds Expectation Meets Expectation 76-100 51-75 0-50 Includes all of the required components, as specified in the assignment. Includes most of the required components, as specified in the assignment. 51-75 Includes some of the required components, as specified in the assignment. 0-50 76-100 Demonstrates substantial and extensive knowledge of the materials, with no errors or major omissions. Demonstrates adequate knowledge of the materials; may include some minor errors or omissions. Below Expectation Demonstrates fair knowledge of the materials and/or includes some major errors or omissions. ...
Purchase answer to see full attachment
Student has agreed that all tutoring, explanations, and answers provided by the tutor will be used to help in the learning process and in accordance with Studypool's honor code & terms of service.

Final Answer

Hello,The final answer has been uploaded. I have attached two files the file with the name of "fishery store continue" is the continuation of previous assignment, o have put question 4 and 5 in it, whereas the other file is having independent details. Both are same you can use anyone you need.Good luck for now. Please do invite me for the future assignments. :)

STARTUP BUSINESS PLAN

1

Startup Business Plan
Student’s Name
Institutional Affiliation

STARTUP BUSINESS PLAN

2

Question #4 Products and Services
Our products are based on quality and freshness as this is our business strategy to provide
excellent products and services to our customer which they experience like never before. Our Fishery
products are free of Colour ( blemishes), ensuring the clients eat them without the feeling of bruises
and blood clots as well as complete trimming to cleanliness. Our fillets are without the bones and are
adequately packed to remain fresh and healthy. The fishes are without any visible worm from
externally and internally and are beneficial for health. Each fish fillets of ours are equally cut in size.
Our fishes are without any gape or show any abnormal texture faults. Fish products are without the
flavoring feeling of weedy or diesel flavor plus unusual inherent odors.
Our Services are always ahead in terms of proper packaging of the products in our signature
boxes. These boxes are environmentally friendly and recyclable. The freshness of the fish in these
boxes remains the same as fresh fish. Our home delivery services are based on the safe and
nutritious products, reaches to our respected client's door adequately wrapped and sealed. The
delivery boxes are operating under controlled temperature as we believe in customer satisfaction.
Competitive Advantages
Considering the competition in the fishery business, we are operating under a highly
competitive environment where other fishery stores are giving stiff competition. Yet, we have plenty
of competitive advantages.
We are operating our business in the heart of KSA, Riyadh, where people are living from
different cultures, and the standard of living is relatively high in class. Our store is offering fresh
fishes of all scale sizes. We have a wide variety of fishes which includes Groupers, Tuna, Mackerel,
Safi, Wahoo, Andak, and Shrimp. Fishes are without blemishes, no bruises and blood clots, the filets
are without the bones and any worms. What gives us a competitive advantage over the competitors is
the availability of fishes like Salmon of Norway and supreme fish from Tunisia to our respected

STARTUP BUSINESS PLAN

3

customers. We are providing specially packaged fishes to hotels. Our care for the customer remains
ahead as we take bulk orders from our community customers in advance and gives bulk supplies to
them. We are also operating through our website as well as WhatsApp services where we keep on
updating a different kind of fishes with the pictures and updated prices available to customers every
day. Additionally, we are offering home delivery services, and delivering safe and nutritious
products, reach our client's door adequately wrapped and sealed.
Competitive disadvantages
The competitive disadvantages include the eating habits of people in Riyadh. People of KSA
are the lovers of red meat and always prefer to eat red meat products. The climate of Riyadh, KSA, is
relatively high, and people in the summer season avoid eating fishery products.
Q#5 Marketing Plan
The market of fisheries in KSA was valued at around $3.42 in the year 2019, and projected
figures are $4.25 Billion by 2025. CAGR is 2.7%. The market research is based on an overall
growing market of fisheries and the support of the KSA government in the field of fisheries. The
rapid boost in demand for fisheries and, additionally, Social network platforms are also augmenting
the demand for fisheries.

STARTUP BUSINESS PLAN

4

Fresh or chilled and unprocessed fish in Saudi Arabia is in high demand and estimated at
USD 1.51 billion and predicted to be a significant segment by the type. As per 2025 prediction, the
sector is projected and expected to reach USD 1.77 billion, CAGR of 2.6% throughout the estimated
period.

The processed fish market is growing every day in Saudi Arabia, and the demand for
different kinds of fishes is increasing the figures. The processed fish market in KSA projected USD
0.088 billion and the estimation for 2025 is expected to reach 101 million, with 3.8% of CAGR
during the estimated period.

The high consumption pattern of Seafood in KSA is due to changes in eating habits of the
people, increase in per capita income of the people, change in lifestyle as people are becoming more
health-conscious. People are aware of the health benefits of seafood and benefits, including the

STARTUP BUSINESS PLAN

5

proteins, omega three, and vitamins it contains. The estimated production of aquaculture to ensure
the supply of seafood in markets of KSA is expected to reach at the level of 257,388 tons by 2024.
The above market research is conducted to know the present market condition and the
estimated projected growth in the coming years. The fresh, chilled, frozen, and processed fisheries
have seen good consumption response and overall positive future growth predictions. The research is
conducted, and secondary data is collected from the websites to know...

MoTutor (4321)
Carnegie Mellon University

Anonymous
The tutor managed to follow the requirements for my assignment and helped me understand the concepts on it.

Anonymous
The tutor was knowledgeable, will be using the service again.

Anonymous
Awesome quality of the tutor. They were helpful and accommodating given my needs.

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4
Similar Questions
Related Tags