Business Plan Research Paper Example | Topics and Well Written Essays - 2500 words - 1

note Plan - Research Paper ExampleGoal setting is an integral part of a duty plan. This helps to have a clear idea of the objectives of the company and assists to formulate its strategies in alignment with the goals set. Following be the goals which would be phased in this business plan.The economic structure of an persistence is not an accident. Its complexities are the result of long social trends and economic forces (Ehmke, Fulton & Akridge, n.d). The industry analysis will determine the competitive rules and strategies which are required to be formulated by the business. Learning about the industry structure will offer essential perspicacity into the business strategy.Michael Porter has identified cinque forces which are widely used to evaluate the industry structure. The five forces, together, determine the profit potential of an industry by putting an impact on the costs, prices and necessary investment funds for a business. Stronger forces are mostly associated with a m ore challenging environment. The industry analysis identifies and evaluates the significant geomorphologic factors for competitive success. In the following section, an industry has been carried out to understand the key factors in solar urine heater industry.In the solar water heater industry, there are a large human action of suppliers. The organization would establish its production houses in India, where the production cost would be quite low than that in Australia. In this industry, the bargaining power of the suppliers is quite low as the companies do not have to welcome any switching cost while changing their suppliers. The concentration of the solar water heater industry is not quite intensive. As a result, suppliers cannot have much power over the manufacturers.The products are in general made for the rural areas, where the concentration of the buyers is moderate to high.