Module Assessment Title: International Entrepreuneurship Project
Lecturer Name: Le Duc Thuy
Submission Date: 1/12/2023
– Module: 1714 – International Entrepreuneurship Project – Business Pitch – Phuong Hoang Camping – Pham Gia Trang – 001342872 – Module leader: Le Duc Thuy – Please find below the link to my video presentation: https://gre.cloud.panopto.eu/Panopto/Pages/Viewer.aspx?id=c1828c83-169f- 4b0a-870a-b0cb0077a998
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Index of comments
1.1 What you did well in this assignment:
- The way you presented the value proposition and its origins was clear and straightforward for understanding. - You provided some valuable information concerning the trends of the vietnamese tourism industry. - The comprehensive and effective analysis you performed on your key competitors significantly contributed to the potential success of your future business. - You conducted a thorough analysis and effectively presented the four factors of the Marketing mix for your future business. But you should use some photos to illustrate well the product/services of your company. - You discovered valuable information that enabled you to conduct some aspects of tourism market and competitor analysis. - Including the seasonal factor in the cash sales projection of your business was a wise decision. - Your presented well your businesses' cash flow projections that cover a 12-month period - You detailed well different types of cost that you must pay each month. - You correctly computed the necessary number of employees for your organization. - You exhibited a comprehensive understanding of HRM by addressing key areas such as recruitment, training, and compensation in your analysis. - You paid attention to the central subject while responding to the inquiries - For Q&A session, your answers were accurate and relevant - You have clearly communicated your emotions regarding your project at this point. - You articulated well your various valuable attributes and knowledge pertaining to your future business.
What you could improve in this assignment:
- Further exploration and in-depth analysis of your idea for the proposed product/service are recommended. - Although you speak at a slower pace, it would be beneficial to present with a regular speed of voice for clearer communication. - Your body language lacks confidence and appears unsure or hesitant. - You used the value proposition canvas to present better your idea. But you should analysed more deeply different aspects in this model. - You need to find more data around your target customer. - It would be beneficial to conduct a more detailed analysis of your customer behavior. - Your coverage of the SWOT analysis is incomplete, as you have failed to highlight the crucial SO combination within the matrix to devise a strategic approach that suits your future business. - From my perspective, implementing a cost-leadership strategy for your new business is challenging due to the requirement to meet the demands of the entire Vietnamese tourism market to achieve economies of scale. - You should analyze in more detail nine different components of your business model of Canvas. - The project's value proposition, selling points, and competitive advantage are unclear, diminishing its feasibility and potential for long-term sustainability - You showcased a limited entrepreneurship mindset with a lack of diversity in revenue sources.
What you can take forward to your next assignment:
- Taking extra time for better preparation of your presentation and any upcoming reports is recommended. - You ought to look for more data, with a focus on secondary sources, to substantiate your claims. - Ensure meticulous financial planning in your future projects, because this aspect play an important role for successful entrepreneurial endeavors. - The structure of your presentation could be more logic and clear.