Innovation & Entrepreneurship ( Market Research & Feasibility Study ) Paper

Innovation & Entrepreneurship ( Market & Feasibility Study ) - Research Paper ensampleThe report exit cover among former(a) things the market demand for fast food in capital of the United Kingdom and risks that may be encountered by investing in such a business in capital of the United Kingdom. Objectives The bearing of this feasibleness study is to examine the suitability and riskiness of investing in a hospitality attention in London, U.K. This is because we have a great interest of establishing a fast food restaurant in London city. We strongly believe that fast food is doing so well in the city, which will alter us generate high profits in the long run. As a result, we delimit to adept commercial premises along Cambridge Street, where, we believe, the business will do so well. We will conduct the feasibility study through market research involving interviews, questionnaires and direct observations. Products and services The restaurant will be service of process a variety of U.K. culinary arts such as burger, chips, pizza, french fries, tea, and coffee among other delicacies (Euromonitor International Par.4). Our foods will be served within the business premises, and customers will have a chance to have a take-way. Since the business will be located within one of the busiest streets in London, we believe that we will have many customers, some(prenominal) local and international tourists who visit the city and who will come to our restaurant. With the high sales expected throughout the season, we are optimistic that the business will generate high returns. In addition, we intend to offer the best-prepared cuisine in London as a whole. Market Research To understand the suitability of Cambridge Street as a good place for fast food restaurant, we conducted research through direct observations, interviews and the use of questionnaires with the residents of the London city. Findings showed that a majority of the London residents eat a lot of fast foods p repared in restaurants, as noted by Kuhn (Par.3). Findings also showed that a majority were young people between the ages of 10 to 60 years. At the same time, we found out that students also like take in fast foods, particularly those we intend to offer. In this regard, about 95 % of those interviewed stated that they prefer eating fast foods in restaurants because of lack of seemly time to prepare food at home (Ruddick Par.6). Furthermore, they stated that fast foods are cost-effective and delicious. Others argued that eating in a restaurant also gives them opportunity to socialize with their friends and families, as noted by Boella (84). determine and onward motion Based on the feasibility study, we discovered that our business would face stiff competition from other restaurants in this area. However, the good thing is that the closest restaurant will be within a ml from where we intend to locate the business. However, to beat the probable competition, we will carry out an in tensive marketing and promotion campaign throughout London and the U.K. at large to create awareness about our company and the cuisine we offer. We also intend to ensure that we use the latest technology to ensure high quality in the foods we serve. At the same time, we shall ensure that we maintain the highest standards of hygiene within and around our business premises. In addition, our resaurant will charge reasonable prices, which we believe, will keep our customers coming. This will

Essay on the movie ti kill a mockingbird Example | Topics and Well Written Essays - 500 words

On the movie ti kill a mockingbird - Essay ExampleThere is no denying the fact that Early on in the history of American South, the institution of slavery established race as one of the predominant influences shaping southern culture (Beck, Frandsen & Randall 121), whose diluted remnants can still be traced in the contemporary Southern life. In that context this movie is primarily concerned with the dynamics of the race relations in the South. To a great extent the movie traces the conflict and friction accompanying the change in social perceptions pertaining to the judgment of race in the South. The fictional character of Tom in the movie To Kill a jeerer emerges as a symbolic representative of the injustices inflicted on a section of the Southern society, a involve outcome of the Southern notions of race. The movie elaborately delineates the race based bifurcation of the Southern society, which happened to be all encompassing, including inside its ambit all the salient aspects of the Southern social life, interchangeable habitations, religion, mannerisms, language, food, politics and sadly justice also. furcate is an important concern in this movie as social class has traditionally commanded immense immenseness in the essentially agrarian Southern culture replete with an abundance of myths and stereotypes about the poor and the plastered (Beck, Frandsen & Randall 46). In that sense, this movie allows the audience to glance over a range of class affiliated stereotypes like the conservative Mrs. Dubose, and the Cunninghams and the Ewells belonging to the lower class, from the relatively balanced perspective of Jem and Scout.The movie in a authority visually presents the complex interplay between the Southern notions of class and race, with those at the receiving end of the system trying to seek a common space. For instance, when Scout embarrasses the poor Walter Cunningham, she is severely reprimanded by her black cook Calpurnia. However, it does need to be mentioned that when

SARBANES-OXLEY ACT 2002 IN MY OWN OPINION Essay Example | Topics and Well Written Essays - 500 words

SARBANES-OXLEY ACT 2002 IN MY OWN OPINION - Essay ExampleThe solution that was implemented is known as the Sarbanes-Oxley Act of 2002 (SOX).The Sarbanes-Oxley is a piece of legislation that changed the business world forever. The Act was created in ordain to raise investor confidence in the marketplace. One of the major problems the markets were facing was that greedy corporate officials were taken advantage of their position in order to make themselves rich at the expense of the shareholders and other stakeholders of the company. The Sarbanes-Oxley Act fixed the problem by making the CEO and pourboire officials liable in cases of fraud. The section 302 of the Sarbanes-Oxley Act mandates that senior management certify the verity of the financial reports (Answers, 2010). If there is fraud present in the financial dictation of a company the top executive of the firm faces fines of up to $25 million and prison terms of up to 20 course of instructions. other problem that existed pri or to the origin of SOX was the possibility of collusion between the external auditors and the executive managerial staff. In the Enron case the auditors knew about the fraud, but decided to stay quiet due to economic interest. SOX changed the rules of the game with the creation of the independent auditor report. An auditing firm of a public corporation cannot have any other account contracts with the firm they are auditing. SOX also serve uped prevent fraud because it implemented new internal control protocols that help prevent fraudulent activity. Section 404 of SOX requires that each annual report of a public company tolerate an internal control report. The internal control reports have to include the following two things a) A statement of managements responsibility for the establishment of an adequate internal control structure for financial report b) assessment of the effectiveness of the internal control structure at the conclusion of the latest fiscal year (Sec,

Discussion 2 Essay Example | Topics and Well Written Essays - 250 words - 5

Discussion 2 - Essay ExampleSuch claims are utilitarian in the development of evaluation and circumspection serve. A second section of the website is the evaluation and management services guide. It contains updated information as per the date of December 2010.This part provides educational information appertaining the processes of evaluation and management. The section is capable in the sense that it provides specific information regarding such processes as medical record documentation, coding considerations, guidelines for management services as contained in the details of 1997, and specific details on billing. The information is also primary(prenominal) in the manner in which it provides specific updates as occurred in the year 1995 and 2010. The use of this information on the website can enrich the service offered in time of patient encounter through systematic and adjective methodologies.The site also features tutorial materials for the clients with information on signing in to some of the products offered. Deciding on the straighten out form of E&M code is a task that is dependent on matching the features and the needs. The websites provides a range of services that are tailored to specific tasks. It helps in decision making through the illumination and simplification of information in an orderly and systematic

Clash of science and religion Essay Example | Topics and Well Written Essays - 500 words

Clash of science and devotion - Essay ExampleOn the other hand, the apparitional perspective of hu homophile evolution is based on the readings (Geoffrey, 2011). The readings develop the assumption that human worlds are created by God. In addition, the creation of man is the most valuable creation of the deity. The discoveries of an evolution theory that post be explained through scientific evidence undermine the significance of the religious creation theory (Philip, 2009). On many occasions, religious fanatics have questi singled the originality of scientific theory citing that there must be a source of life. Consequently, this can only be explained by the existence of a supernatural power.The scientific discoveries that explain the existence of the founding also create conflict with morality. For instance, the Continental drift theory does not value the importance of religion in the creation story (Philip, 2009). The theory is developed on the assumption that the world was a one piece of land mass that drifted due to cosmic activity. The movements enable the creation of continents separated by seas. From a religious perspective, the complete format and existence of the universe was as constructed by God. Mathisen (2006) is of the assumption that religion perceives the continental drift theory as a way that undermines the significance of their deity. The author further points out that religion increases its dissatisfaction on the theory every time a new discovery is attached to the theory (Mathisen, 2006).The modern-day day scientific discoveries also attract opposition from religion. For instance, modern day scientists have dwelled so untold on the creation of an artificial life-form. Over the years, discoveries on human robotics have been made to justify that man can develop a more complex form of human. McRae (2010) is of the assumption that creating an artificial human being is automatically perceived as act that provokes God. From a religious per spective, creation of

The Negative Side of Copyright Essay Example | Topics and Well Written Essays - 500 words

The Negative Side of Copyright - Essay ExampleCopyright bulwark only enables the developer of software to deter the softwares copying or copying of the theme code. Software copyright does not provide protection against the copying of any process, method of operation, procedure, system, principle, discovery, or concept in the software. In plus to that, software copyright does not provide any surety against independent development of software of the like. A vast majority of the software products cannot address the variety of requirements set forth to get broad protection that the patent law can afford. Most applications of software patent face problems because of the requirement for the invention to be not obvious and be new. Nevertheless, this requirement helps in the process analyzing if or not an individual should chase copyright protection or patent. because copyrights protect the implementation (the actual code) but not the concept, copyrights do not prevent someone from impl ementing an algorithm in a different programming language or with a different set of routines, for example, offering almost no protection for something as complex and flexible as software (Zeidman, 2011, p. 93).The look and feel of software amount to behavior and thus copyright should not be used to protect them in software the Computer Law Review Committee (CLRC) did not commend additional protection forms for the displays on screen (Lai, 2000, p. 66). While software copyright has imposed a ramble of hindrances and hurdles in the way of development and spread of knowledge, free software has generated a lot of benefits. On the technological side, free software sets the stage for open source projects. One of its key examples is the development of Linux as the operating system in which functions of the free software movement serve as pre-requisite for the open source software. Linux could not have been developed and adopted as effectively without free software as it has

A Review of Literature on How to Manage International Joint Venture - 1

A of on How to Manage International peg Venture Successfully - Literature review ExampleThis presents companies with greater opportunity to explore new foreign markets. IJV is an endeavor by a foreign firm to musical accompaniment its product with local inputs and knowledge or in a nonher case where the foreign firm has no right for property acquisition. Although IJVs have greater advantages, many severe problems appear to be intrinsic attributes associated with measly IJV commission. Many researches revealed that IJVs are volatile, hard to effectively manage and often fail especially when the venture is organise in a developing country. These researches stress that main reason for failure is inherent difficulties and tensions between the firms in managing the IJVs. Why interchangeable Ventures Fail Rond and Bouchikhi (2004) highlighted that this found of organization is quite challenging. In this context, cooperation as the main characteristic inherently required to defuse i nternal and external tensions. Hamel (1991) identifies the possibility of incompatibility with partners objectives resulting in conflict of resource priorities. This makes ventures prone to instability and ultimately to failure (Yan & Zeng, 1999). Many joint ventures are bound to failure because of following reasons- Unrealistic Idea In ideal scenario, companies form joint ventures because they do non have the required resources or expertise to undertake such efforts at their own. In fact, this form of union is more directed by risk sharing rather than resource sharing. Risks associated need to be evaluated because the risks identify by one firm prior to forming the venture would still be there and may not be mitigated by the cooperation of two firms turning into an unrealistic idea prone to failure. shortsighted formulation Usually, there are no plans and what is available is a statement of intention or a form of memorandum of understanding describing the contribution and pr ofit shares of both the firms. However, there lacks a proper plan for managing the venture, accomplishing the certain task and set the modalities of interaction and conflict resolution between the two firms. The plan must embroil- The arrangement on which Joint Venture is based Future tax planning Both societys contribution and obligation to provide resources Provisions for meeting the future needs Logistics planning decision making and management Distribution of earned assets Issue and conflict resolution Conditions and provisions for conclusion Inadequate Capital Investment- Both parties unremarkably allocate a fixed amount of budget that is deemed enough for the Joint Venture to meet its end objectives. However, costs overrun resulting in dispute and arguments. This necessitates thorough risk management planning and allocate contingency amount to cater for such berths. Lack of Leadership In Joint Ventures, each party would like to act in leadership role to take control of s ituation and credit to itself. This may result in stalemate causing huge damage to ventures. Thus it is real critical to define in the let downning the roles and the mode for conduct of daily operations. Lack of Commitment Companies usually expect huge and quick profits from a Joint Venture and when expectations are not realized, the parties begin to lose interest in the venture. Thus it is very