Professional Documents
Culture Documents
1) Introduction
PEST analysis
Political:
-Regulatory Agreement: the enterprise should
compel with all the regulations relating with
food industry to avoid any penalties.
-Qatar enjoys low taxation with rate of 10%
which is one of the lowest tax rates in the
world, this will be a crucial opportunity to
reduce the cost. Additionally, as the business
is in small scale, it will be free taxes.
-Qatar is a stable country and investment are
secured legally.
Economical
- Qatar has very low inflation rates “1.6%”
compared with other Arabic countries which
affect the pricing strategy.
- The average disposable income in Qatar is
QR 72700 which increase the affordability of the
potential customers as the students receive
enough money from their parents.
- Qatar has exchange rates of QR 3.65 to each
$1 for long time which keeps the cost of
imported ingredients fixed, this will keep the
cost of components stable.
Social
- Words of mouth, trends, and cultural
preferences influencing flavor choices.
- Health and wellness trends spread through
social media platforms which impacts the
demand for healthier options.
Technological
- Advanced technology eases the e-commerce
and online purchasing in Qatar which allow us
to order our ingredients easily.
- Automation of the production process
improves the efficiency.
SWOT Analysis
Strength Weakness
- Wide range of - Seasonality: the
flavors: the demand on ICE
variety of flavors cream decreases
including Arabic in the winter
and international which affects the
flavors help to sales revenue
customize the during it.
demand of the - Supply chain
customers. disruptions:
- High quality depending on
ingredients: all some imported
ingredients are ingredients
selected carefully affected by
from valuable shipping
sources in order circumstances.
to produce - High
qualified products operational
and attracts more expenses:
customers. The high cost of
electric energy
needed to
maintain low
temperature to
store the ICE
cream increases
the cost.
Opportunities Threats
- E-commerce - Competitions:
Platforms: ICE cream is a
Increasing online mass market
trade outside the product where
school through large numbers of
many delivery local and
companies allows international
to increase sales brands compete
and decrease the to obtain large
need to have market-share, the
more outlets company should
which decrease utilize advertising
the costs. campaign to
- Events: attract the
organizing events potential
and celebration customers which
days are valuable increase the cost.
opportunities to - Health and
increase our Safety
sales. Regulations:
strict laws and
regulations may
lead to high fines
if the workers
don’t
committed with
hygiene or
healthy
standards.
Evaluative comment
The high disposable income in addition to the
consumers’ spending patterns are crucial
factors to increase sales and obtain high level
of sales revenue. Additionally, events and
celebration days will be a great opportunities to
increase our sales. Furthermore, increasing
inbound tourism in Qatar due to hosting
sporting events would be valuable opportunity
to enjoy large customer bases if our business
expand outside the school. Although high cost
of machinery may form a serious obstacle due
to the high start up capital, leasing machines is
a valuable solution to overcome this problem.
Option 2: Flowers delivery and arrangement
Summery of the idea
Flowers delivery and arrangements can be
lucrative enterprise due to the consumers
spending pattern in Qatar. Qatar is one of the
highest GDP per capita in the world which
allows its citizens to spend on luxury products
and services such as flowers. The enterprise
aims to establish application to sell flowers
online to the students of the school and their
families in addition to the staff of the teachers
and the workers of the school. Basically, it is
difficult to prepare the flowers bouquet at the
school as we are busy at the classes and need
appropriate space to arrange it, so the business
based upon delivering the flowers directly from
the suppliers to the customers. By hiring florists
and leasing vehicles we can provide valuable
service to the customers at their homes. The
florists will take the flowers from the suppliers
directly to the customers and arrange it at their
home which reduce the cost to have outlet. We
can utilize ceremonies such as wedding and
events to increase the sales.
Research Findings
Primary market research was conducted in
order to asses the flower market in Qatar.
The results show that 42% of the respondents
buy flowers once a month however almost of
them purchase it two times yearly at least which
indicates to the high demand on flower in the
Qatari market.
The data shows that the common budget for
half of the participants to buy flowers ranging
between 101 and 250 QR, so we should use a
competitive price strategy to be able to compete
with other companies, however we should also
offer more expensive bouquets for the market
segment who spend more to get valuable
service.
The data reveals that two third of the
participants purchase flowers as a general or
celebrations gift, so the design of the bouquets
should suit the gift concept by adding a
sentimental memories cards. Additionally, about
20% of them purchase flowers for their personal
use at homes or parents’ offices which
highlights the successful idea of delivering and
arranging flowers at customers’ locations.
The data indicates to the tendency of the
potential customers to get flowers delivered at
their homes; almost three out of each four
declare their preference to buy online and
receive their items without going to the shop, so
that the application should provide flexible
service to allow the customers to identify their
items easily.
In order to identify the types of bouquets
needed by the customers, all the participants
were asked whether they prefer premade or
customized bouquet. Although more than the
half prefer premade bouquets, a large segment
claimed they prefer customized one so both
types of products and service should be
allowed to attract more customer base.
The estimated delivery time is crucial to provide
valuable service. The majority of the potential
customers expect to receive their orders few
hours after placing the orders which reflects the
importance to employe enough numbers of
florists and drivers to ensure customers’
satisfaction. As this will increase the startup
capital, the florists should have driving licenses
to drive the vehicles in order to eliminate the
needs to have drivers. Additionally, the florists
will receive their income based upon the piece
rate paying strategy, so we don’t have to pay
wages except the selling process is achieved.
Pest analysis
SWOT analysis
Strengths Weakness
Efficient Delivery - Seasonality: the
Network: area of demand on
Qatar is almost flowers fluctuate
11,571 squared through the year
km which allow according to the
the company to events and
provide efficient occasions which
delivery service create
to all the inconsistence
customers.the revenue.
enterprise will - Reliance on
employe florists External
who have driving supplies: Qatar
licenses to be does not grow
able to deliver the flowers and all
flowers to any supplies imported
place in Qatar. from outside;
Fortunately, the circumstances
majority of the such as covid-19
students live near or blockage may
to the school affect the supply
which ease the chain.
delivering - Lack of
process. diversification:
Unique Customer reliance only on
Services: the flowers
enterprise arrangement
provides unique without any other
customer products or
services by services
offering premade decreases the
and customized opportunity of
boutiques at expansion.
home. - Weak Brand
Advanced and Recognition: the
flexible enterprise still
application: the unknown and
application is does not enjoy
designed easily brand loyalty.
in order to target
the customers
who can not use
the complicated
technology which
ensures
customer
satisfactions.
Unique Floral
Designs: offering
local and
international
designs to meet
the expectations
of the customers
expands the
customers’ base
Opportunities Threats
- Consumer’ - Competitions:
Spending the main
Pattern: Qataris challenge is the
spending pattern massive
are unique due to competitions as
the high many ventures
disposable compete in the
income which same business
increase the which forms
sales. obstacle to gain
- Tourism large market
Growth: Qatar share, increases
has considerable the cost of
tourism growth advertising, and
which increases force us to use
the number of competitive price
potential strategy.
customers. - Rapid
- Online Trade: e- Technological
commerce change: the
increased business has to
dramatically enhance the
which ease applications
importing flowers continually to
from outside from meet the
different advancement in
suppliers. the technology in
- Advanced order to maintain
infrastructure: customers’
Qatar has satisfactions
advanced which increases
infrastructure that the operational
allow the florists costs.
to deliver the
orders easily and
in short time
which create
customers’
satisfactions.
Evaluative comment
Flowers delivery and arrangement is an
optimistic business in Qatar due to many
reasons. The high disposable income in Qatar
increase the affordability and creates price
insensitive customers. Additionally, consumers
spending pattern indicates to the high demand
in luxury products and services. The business
does not require high starting up capital as we
do not need large store; we can depend on
supplies through wholesaler to save the cost of
large store. Furthermore, leasing vehicles is
considerable solution to reduce the cost of the
fixed assets. Also, working capital does not
form any barriers as the sales revenue will
cover all the costs. Finally, we can construct
break-even chart to identify the break-even
level and the safety margin to assess the
management decisions.
Conclusion and summery of options
Both enterprises are promising, however based
upon the previous analysis and the potential
resources, Ice Cream Parlor seems more
acceptable and easier to be implemented in the
school. The business doesn’t need a large
space as we can lease an ice cream vending
cart in addition to the ice cream machine. On
contrary to the flowers, the ice cream vending
cart will be noticeable by the students, the
teachers, and the workers which regarded as
direct advertising. Also, the students who are
our basic customers prefer to spend on ice
cream rather than flowers. Finally, high
competition on flowers enterprise reduce our
opportunity to succeed.
Task 2 planning the project
Task 2a Planning to manage potential problems
or issues in the action plan
Email Marketing:
Email marketing is one of the digital marketing
strategies that consists of commercial message
transfer in the form of emails, to a targeted
group of individuals with the objective of
product promotion, services, offers, and
nurturing leads. It also helps in building
relationships with customers and converting
them into business. Email marketing can be
occurred through sending direct emails to the
students, teachers, and workers.
Strengths
1. Direct communication
2. Cost - effective
3. High return on investment
4. Measurable results
5. Targeted audience
Weaknesses
1. Deliverability challenges
2. List decay and churn
3. Content quality and relevance
4. Overwhelmed inboxes
5. Technical challenges
It is indeed necessary to study the relevance of
these marketing strategies into the new
business initiative. I have presented the
justification of these choices in the following
section.
Social media marketing:
Justification: The social media usage in Qatar is
very high which means a considerable amount
of people are engaging themselves in their
social media platforms such as instagram,
facebook, twitter, and so on. Adding social
media in the marketing plan allows direct
interaction with customers which enables
showcasing visually appealing data of the ice-
cream offers and products and targeting
specific locations in Doha. As a product, ice
cream is easily shareable on social media and
makes it suitable for the chosen platform.
Expected Success: The huge potential in the
reach of targeted audience in combination with
specific advertising abilities and opportunities of
direct engagement can build brands efficiently
and attract customers.
Influencer Marketing:
In Qatar, influencers hold a control and
command of trust over their followers. By
joining as a partner with the local influencers,
will have a significant impact in the business as
they have the potential to reach the potential
customers. They can endorse the ice cream
parlor so that the customers believe the product
to be a good and tasty one. The purchase
decisions of the customers can be triggered by
the influencers’ contribution in marketing.
Expected success: Trusted influencers in Qatar,
can be crucial in reaching more specific and
targeted audiences and establish the new
brand as quickly as possible in the school and
in the area of choice.
Local Events and Sponsorship:
Plenty of festivals, sports events, cultural
events, and gatherings happen throughout the
year in the school provide great opportunity in
directly engaging with the target audience,
especially the students. The event participants
will identify the brand in one event and gain
popularity.
Expected Success: Positive brand image,
promotion through word of mouth, plenty of
networking opportunities, relationships that
strengthen the business are possible with the
help of participation in the events.
Email Marketing:
Existing customers and potential individuals can
be connected directly through email marketing
in the business. It helps in delivery of
personalized content so that the clear updates
on products, services, and offers can be
shared.
Expected success: This cost effective strategy
can be operated with just one click by
maintaining an email list of the students,
teachers, and workers who are the potential
and targeted customers.
Task 3: Using enterprise skills to implement the
plan
This sections aimed at detailing the
employment of different skills of the enterprise
to complete and run the project.The five
efficient skills that are identified and analyzed
as the enterprise skills to implement the plan
are negotiation, time management, problem
solving, creativity, leadership, and delegation.
Negotiation
Negotiation is considered as the preliminary
skill needed for business, especially, for our
business that starts from the scratch.
Negotiation is crucial as it makes the
stakeholders secure needed resources,
cooperation, and support for the phase of
implementation. It also helps in contracting with
suppliers or service providers so that favorable
terms and conditions are ensured. More
importantly, it resolves disagreements or
conflicts among the members of the team or
stakeholders to maintain peaceful progress
during the implementation stage. The business,
being an ice-cream parlor, will definitely be
facing a lot of challenges in the planning and in
the stages of implementation and it has to be
overcome successfully to march forward. The
possibility of availing a loan will be a good
option and it will be discussed and executed
with the parents with all the terms of
repayments assured over a specific period of
time. I will be preparing an input that talks to the
parents about the nature of my business,
amount needed for investment, possibility of
generating an income, time to break even, and
date of completion of repayment. This clarity will
be given to my parent in order to convince and
persuade them towards supporting me in the
business.
Time Management:
Any business that already runs or a new one
should concentrate heavily on the management
of time. Developing a realistic timeline for the
business to the implementation phase which
includes breaking down complex tasks into
manageable subtasks and allocating enough
time for each is considered important. This
helps in enhancing business’ productivity,
optimizes the utilization of resources, and
ensures the execution of the business
efficiently. Not just limited to the above but also
includes the business meeting critical
deadlines, reducing the cost of operations, and
maintaining a competitive position in business.
The ice cream parlor business is not new but
prompt time management will help the
parteners stay ahead of the competitors. Based
on the urgency and importance, the tasks are
prioritized so that critical activities are
completed on time. I had a good command in
managing time in the past which will really help
in going along with the deadlines. All the key
tasks will be planned through a calendar or an
app with a date of completion mentioned will in
advance so that the gaps are filled. Obtaining
resource materials for the making of ice-cream,
availability of stocks, administrative tasks, and
support tasks are considered for the betterment
of the business. The effective time management
strategy implemented for ice-cream venture will
be of great help in successful in the business
establishment. A multiple check sheets are
designed in order to ensure that the plan and
execution happens at the right time in the
business. There will be regular reviews and
adjustments on the schedules when needed to
accommodate changes or unexpected delays in
the progress.
Creativity:
To stay ahead of the competitors, as ice cream
is an existing business seen worldwide,
creativity and staying unique is very important.
Creativity helps in generating new ideas,
ensures adapting business into problem solving
techniques, and helps the business to stay
ahead of the markets that are subjected to
change. The customers need keep evolving in
all kinds of business and hence it is necessary
to stay updated. Creativity is not meant only for
the ice-cream sold in the parlor but also
concentrated in the look and feel of the cart
which should be attractive to the customers.
Leadership and Delegation:
Another important enterprise skill that will be
implemented in the business is leadership and
delegation as it enables establishing an efficient
workforce, allowing better allocation of tasks,
and utilizing the strengths of the individual
effectively. In addition to that, the organizational
innovation and productivity are driven well in
the ice-cream venture so that leadership and
delegation are leveraged and play an important
role. This ensures management in both external
stakeholders and the efficiency of the
operations. Proper utilization of leadership and
delegation provides the business a clear
direction, motivation, and guidance to the team
so that the implementation plan and their
objectives go in line. This also empower the
team members by delegating responsibilities
and tasks according to their own skills,
availability, and experience. Continuous
adaptation of these skills also enables the
fostering of a supportive and collaborative
environment that encourages creativity,
teamwork, and accountability. While navigating
the challenges and progress in driving through
business, leadership and delegation helps to
lead by example. They also enable the
business to demonstrate resilience, integrity,
and adaptability.
The communicational strategies followed by the
stakeholders like suppliers, customers,
investors, the school administration are made
smooth and possible with the help of effective
leadership as they are aimed at transparent and
clear communication. Frequent update, proper
addressing of concerns, and providing business
strategy overview have helped me earn trust
and hope from the investors of the business.
Similarly, the communication render with the
suppliers help to get smooth logistical
operations, and the communication with the
customers help to identify the recent trends and
needs. To conclude, the leadership and
delegation skills are rooted in enhancing the
internal operations and establishing a base and
enables collaboration with the external
stakeholders leading to success of the business
enterprise.
Problem solving:
Problem solving is a critical enterprise skill that
identifies barriers or hindrances to successful
implementations and develops policies and
strategies to address them proactively. The
empowerment that this skill provides help us to
analyze the challenges that we face, devise
solution that are innovative, adapt to changing
business trends and environment, ensure the
organization’s opportunities usage, and achieve
success in business. It was not easy to start a
conventional and an existing business amidst
large numbers of competitors. One of the main
challenges is the cost of the cart, the equipment
and the raw materials. It took time to get the
equipment that matches my reasonable
expectations. Through one of my uncles who
was working in a reputed industry, I received
some concessions in the purchase. Other than
the physical needs, there were some needs
related to marketing. The marketing part and
relevant design works for the ice cream parlor
were another issue that was raised at the later
part of the works. However we managed to
overcome it with the help of available online
tools for design and also used the social media
pages for marketing. We received feedback
from people who are good at design and fine-
tuned the logo, design, pamphlets in a
professional way.
Appendix 1:
Negotiation plan: Success in securing the start-
up capital from parents and from my own
savings
Objective Achieved: A startup capital of 20000
QR from parents with a plan of repayment and
profit percentage given as a return on their
investment.
Stages of Negotiation:
1. Research and Preparation:
-A market research to present a compelling
case for the ice cream venture is conducted
thoroughly
- Start-up costs were clearly outlined
- Strategies of mitigation and potential risk
identification are planned and researched.
2. Terms and Conditions Definition:
- A repayment plan with details, possible
schedule with the consideration of cash flow in
the business is prepared
- Reasonable percentage of the profits is
offered for the investors.
- Well supported responses for their queries
were framed.
3. Presentation Design:
- A presentation with professional and visually
catchy content that outlines the concept of
business, potential of the finance is created
- Benefits of investments are highlighted
4. Pitch Meeting
- A meeting time with no interruption is planned
to deliver the key ideas.
- Opportunity in the markets, demand of the
product, and uniqueness is presented in the
meeting.
- Probable utility of funds in the start-up is
presented.
5. Negotiated Terms:
- Expressing my willingness to collaborate and
showing flexibilities to ideas.
- Business’ long term potential is highlighted
Successful Outcome:
- The negotiation for the business venture is
effective so that we can achieve a secured
agreement on a repayment plan and a 18%
profit for the investors.
- Regular updating to the investors to ensure
transparency and confidence.