Assignment 8
(20 points)
Assignment 8: Business Planning
Instructions
Save this file in your course folder, and name it with Assignment, the section number, and your
first initial and last name. For example, Jessie Robinson's assignment for Section 1 would be
named Assignment1JRobinson.
Type the answers to the assignment questions below. Use complete sentences unless the
question says otherwise. You will have more than one day to complete an assignment. At the
end of each day, be sure to save your progress.
Review Lesson 4 of the Course Overview for instructions about turning in your assignments.
Assignment Questions
In Section 8, you learned about business planning. Now, you'll apply what you
learned.
1. Describe two trends that you've noticed (either demographic, invention/technology,
lifestyle, or style/entertainment) and explain how each one might generate a small
business opportunity. (1-6 sentences. 4.0 points)
3 trends that you can see everywhere you go are the following: Lifestyle, Fitness,
and Food. All of these would be easy to use in order to generate a small business
opportunity. For example in the Fitness industry you could start your own line of
apparel using the social networks to promote them using marketing. The same could
be applied in the food trend.
2. Make a list of at least 5 business ideas that interest you. Then explain which one
you think is the best opportunity for you. Give at least 3 reasons why this opportunity
is better for you than the others. (2-6 sentences. 3.0 points)
Open a cyber where you can rent computers to people for a hour. Open a Gym.
Create my own brand and start selling apparel like shirts, hats, and wristbands. Write
a book and sell it online. Open a Restaurant. Make an app for all platforms.
3. Visit the Web site for a well-known company, and find the section that states its
mission. What is the company's mission? How does the mission relate to the type of
products the company sells? Did anything surprise you about the mission? Why or
why not? TIP: If the company's Web site doesn't describe its mission, choose a
different company. (1-5 sentences. 3.0 points)
The mission statement is that they want to give to the homeless, and help those in
need/
They sell socks, and for every pair u buy they give one pair to the needy.
I didnt surprise me
It didnt bc they are always advertising and expressing the need for giving.
4. Visit the Web site for a different well-known company, and find the section that
lists the company's values. What are the company's values? How do they relate to
the products the company sells? Did anything surprise you about the company's
values? Why or why not? TIP: If the company's Web site doesn't describe its values,
choose a different company. (1-5 sentences. 3.0 points)
I visited the company website of Microsoft.
The core values listed include;
1.) Innovation
We believe technology can and should be a force for good and that meaningful
innovation can and will contribute to a brighter world in big and small ways.
2.) Diversity and inclusion
We thrive on diverse voices. We engage our employees’ and customers’
experiences, strengths, and different points of view to inform, challenge, and stretch
our thinking. This is how we innovate.
3.) Corporate Social Responsibility
We believe technology is a powerful force for good and are working to foster a
sustainable future where everyone has access to the benefits and opportunities
created by technology.
4.) AI
We believe that, when designed with people at the center, AI can extend your
capabilities, free you up for more creative and strategic endeavors, and help you or
your organization achieve more.
5.) Trustworthy Computing
Check out how we deliver secure, private, and reliable computing experiences based
on sound business practices.
6.) Respect
We recognize that the thoughts, feelings, and backgrounds of others are as
important as our own.
7.) Integrity
We are honest, ethical, and trustworthy.
8.) Accountability
We accept full responsibility for our decisions, actions, and results.
Microsoft offers a whole range of products and services and all the values reflect the
work the company is doing.
5. Do a SWOT analysis for the business idea you chose in question 2 above.
Describe at least 2 strengths, 2 weaknesses, 2 opportunities, and 2 threats for that
company idea. (1-8 sentences. 4.0 points)
SWOT analysis for Walmart, 2 strengths, wide variety of products in store, good
prices, 2 weaknesses amazon has the potential to take it over, another weakness is
a limited supply of products. some opportunities they have is to further expand there
stores, Build other stores, some threats are smiths and lins
6. Make a list of at least 3 people you would want to give copies of your business
plan to, and explain why you chose each of those people. (1-5 sentences. 3.0 points)
Trump because he’s rich and if it’s a good plan he can help
Mother because she can help make your business better
Someone who owns a business because they tell you more about running a
business