FEP Assignment.docx - Group Assignment Fundamentals of Entrepreneurship ABUS009-4-1-Fundamentals of Entrepreneurship RecWare Company Group Members 1

FEP Assignment.docx - Group Assignment Fundamentals of...

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Group Assignment Fundamentals of Entrepreneurship ABUS009-4-1-Fundamentals of Entrepreneurship RecWare Company Group Members: 1) UCDF1904ICT (SE) Hand out Dates: 2/5/2019 Hand in Dates: 15/6/2019 Lecturer’s Name: Ms. Cynthia Mala A/P Paul Dorairaj 1
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Table of Contents Contents i. Introduction .............................................................................................................................................. 4 a) Vision of Company ............................................................................................................................... 4 b) Mission Statement ............................................................................................................................... 4 c) Purpose ................................................................................................................................................ 4 d) Goals .................................................................................................................................................... 4 ii. Company Background and Description ................................................................................................... 5 a) Forming of Company ....................................................................................................................... 5 b) Management Team ........................................................................................................................... 5 c) Nature of Business ........................................................................................................................... 8 d) Range of Products ............................................................................................................................ 8 iii. Environment Analysis ............................................................................................................................ 9 1) Internal Environmental Factor ............................................................................................................. 9 a) Labor ............................................................................................................................................... 9 b) Materials .......................................................................................................................................... 9 2) External Environmental Factor ............................................................................................................ 9 a) Technology ...................................................................................................................................... 9 b) Competition ................................................................................................................................... 10 iv. Product Analysis ................................................................................................................................... 10 a) Purpose .............................................................................................................................................. 10 b) Benefits of Product ............................................................................................................................ 10 c) Target Market .................................................................................................................................... 10 d) Features ............................................................................................................................................. 11 e) Price .................................................................................................................................................. 11 f) Source of Revenue ............................................................................................................................. 11 g) Competitive Advantage ..................................................................................................................... 11 h) Market Demand ................................................................................................................................. 11 i) Commercial Viability of the Product .................................................................................................. 11 v. Business Model ...................................................................................................................................... 12 a) Customer Segment ............................................................................................................................. 12 b) Revenue streams ................................................................................................................................ 12 2
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c) Cost / expenses structure ................................................................................................................... 12 d) Strategic Partners .............................................................................................................................. 12 vi. Conclusion and Recommendation ........................................................................................................ 13 vii. References ........................................................................................................................................... 14 Bibliography ............................................................................................................................................... 14 viii. Group Task Sheet ............................................................................................................................... 15 3
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i. Introduction RecWare Corporation The name of our company derived from 2 words which is recycling and warehouse. This is to remind our customer that our products are purely made from recyclable materials. And this name here will remind our company to use only materials that is eco-friendly. a) Vision of Company Earth, where recycling matters. We allow humanity to live under an environment that is long lasting and reliable. b) Mission Statement Utilizing recyclable resources to its full potential, prohibiting the word “Wasting”. Also encouraging the efficient use of resources and strengthen the recycling integrity. Eco-friendly, the direction our company choose to proceed. c) Purpose To satisfy our customer with recycled items, while extinguishing materialism in one’s mind. People often invest their money on something so luxurious that it is being made from limited resources. In this case, we will need to cultivate the habit “recycling” in them. This will not only save our planet but also help spread positive thoughts among the community. Extending the services of used items and encourage the people to recycle more. Items that are abandoned will still have its own value, re-evaluating them will be our job as it is an action that portray our company. We are also carrying the responsibility of providing human a healthy and comfortable environment, to allow our next generation to live peacefully in our homeland – Earth. d) Goals We will also try to make our product affordable to all our valuable customer, while the product itself having a decent level of durability. As our company progress, we will force ourselves into using a wider variety of recyclable materials to make it as our raw materials, this will effectively reflect the meaning on why our company is established. We will also insist on using recyclable materials only.
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