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Ali Salem Alhosani

H00235185
Innovation and Entrepreneurship LSS 2403

Personal Business Plan

Name: Ali Salem Alhosani


ID#: H00235185
Course: Innovation and Entrepreneurship LSS 2403
Instructor Name: Mr. Kim Glover

Ali Salem Alhosani


H00235185
Innovation and Entrepreneurship LSS 2403
Ali Salem Alhosani
H00235185
Innovation and Entrepreneurship LSS 2403

Vision and Opportunity


I will write about my Personal Business Plan after graduating from HCT. I came from
Borouge company. My goals are, first to finish the master degree then the Ph.D. After finishing
my education, I want to get a high position in my work, which is my second goal. My third goal
is to work in Borouge innovation center. My purpose of working there is to invent something
new. I already thought of an invention which is the plastic that used in building the greenhouses.
The plastics which are using today cannot stand for one year and with the time the color will be
changed. So, I want to create one that stands for more than a decade without losing its efficiency
and color. My vision and mission in life are to shape the future with my inventions. I chose three
questions that guided my choice. First, what do I love? I love chemistry especially organic
chemistry that is studying of hydrocarbons, and plastics are produced from hydrocarbons.
Second, what do I fear? I am afraid that the company will not involve me in the innovation
center because I’m lack of experience. Third, how do I want to be remembered? I want my
country and people to remember my inventions especially people who use greenhouses. I have a
big opportunity in the Borouge company to achieve my goals because there are no much local
employees in this company. And I can make a difference in this company because I have skills.

Marketing and Implementation Strategy


The positioning statement, I’m a chemical engineering graduate I have 3 years experience
in a petrochemical company. I have specific expertise in plastics manufacturing. My strengths
include leadership, hard worker and able to work under pressure. I’m seeking an opportunity to
make the Borouge company increase their benefits every year by working hard and encourage
employees to work hard. I will be different from other UAE students because I have potential
and experience in the field. I want to be an inventor and have my first patent by 2030.

Risk and Mitigation


The key milestones are first to take Ph.D. then working hard to show my manager that
I’m worthy to get the high position then I will show my managers the idea about the plastic
greenhouse, and I will do all that to reach my goals. I will use my skills as well as my improved
weaknesses to achieve my goals successfully. There are internal and external factors that can
affect my career. First, the external factors which are the inflation and VAT and that will
increase the prices of the product then people will be looking for something cheaper. And to
Ali Salem Alhosani
H00235185
Innovation and Entrepreneurship LSS 2403
Ali Salem Alhosani
H00235185
Innovation and Entrepreneurship LSS 2403
solve that problem the company should show people how this product is different than the other
product (Lavinsky, 2014). The internal factors which are my strength and my weakness. I’m
honest and good in leadership but I have no skills in communication and to improve this skill I
must attend classes for communication skill. The risk is that there are employees with Ph.D. with
more than 15 years experiences. Therefore, to mitigate that risk, I should attend courses to
improve my career skills (Fallon, 2017).

Ethics
When I joined the Borouge company first, I thought they through the unwanted plastic in
the sea then I figure out that they recycle the unwanted plastic and they minimize the pollution in
the environment. My boss influences me because he is creative and he invented something new
for the company. My six- word memoir (Agile, Innovative, Efficient, Value-driven, Collaborate,
Reliable).

Ali Salem Alhosani


H00235185
Innovation and Entrepreneurship LSS 2403
Ali Salem Alhosani
H00235185
Innovation and Entrepreneurship LSS 2403
References
Fallon, N. (2017, April 26). How to Start a Business: A Step-by-Step Guide. Retrieved from
http://www.businessnewsdaily.com/4686-how-to-start-a-business.html
Lavinsky, D. (2014, January 30). How To Write A Business Plan. Retrieved from
https://www.forbes.com/sites/davelavinsky/2014/01/30/how-to-write-a-business-
plan/#4e66bc6a7d04

Ali Salem Alhosani


H00235185
Innovation and Entrepreneurship LSS 2403