Business Plan Research Articles

Factors affecting succession planning in Sub-Saharan African family-owned businesses: a scoping review

Factors affecting succession planning in Sub-Saharan African family-owned businesses: a scoping review

Time Investment in an Entrepreneurial Venture: The Effect of Past Time Invested, Venture Confidence, and Business Planning

Time Investment in an Entrepreneurial Venture: The Effect of Past Time Invested, Venture Confidence, and Business Planning

Analysis of Consumer Buying Behavior for Beauty Brands in Amravati City

Analysis of Consumer Buying Behavior for Beauty Brands in Amravati City

The Evolution of Consumer Adoption in AI-Enhanced Social Commerce

The Evolution of Consumer Adoption in AI-Enhanced Social Commerce

Secure pharmaceutical supply chain using blockchain in IoT cloud systems

Supply Chain Management (SCM) systems require time sequencing, coordination and tracking the movement of goods and processes. Internet of Things (IoT) and Blockchain technologies are useful to develop a secure automated SCM. IoT devices with in-built sensors and actuators help to keep track of the state, location, temperature or other parameters of an entity, and control the automation of routine as well as hazardous tasks. Blockchain technology supports time-stamping, authentication, process coordination, non-repudiation, commercial transactions, and also provides security for transactions and storage. The pharmaceutical SCM demands accurate, immediate and secure control system. Additionally, the supply chain process data from IoTs is stored and processed in Cloud by Analytics applications, for business planning and improvement. An efficient and secure IoT-Cloud-Blockchain based system for both SCM automation and analytics has been proposed in this work. It leverages a hierarchical IoT, Mist, Edge, Fog, Cloud computing (IMEFC) architecture to enhance Communication-Response-Compute-Security-Storage (CRCSS) in the system. Blockchain technology provides security for the SCM transactions and data. The efficiency of the Blockchain is measured in terms of upload time, download time and transaction fees for Bitcoin, Ethereum and Filecoin platforms. The Filecoin blockchain platform is quicker and cost-effective for larger file sizes, compared to Ethereum and Bitcoin, making it suitable for Pharmaceutical SCM systems.

Design and Development of IoT based Health Monitoring System

Abstract: With prospects for developing technology, patient health monitoring is a significant and quickly expanding topic nowadays. Various designs for patient healthcare monitoring systems have been developed by numerous researchers in accordance with technological advancements. The devices in the suggested business plan, which include web-based sensors and mobile applications, communicate over a network to improve the efficiency of the system designed to record and monitor patient health information. In order to precisely analyze a patient's health status, a health system comprising sensors and monitoring devices has been built. These devices are able to collect medical data from patients and then send alarms via GSM module to specialized doctors. In order to gather health-related data, this project will connect patients via the Internet to an appropriate monitoring system that will improve medication care for both local patients and patients who live in remote areas without hospitals nearby. The devices will be able to record the patient's temperature, heart rate, and the oxygen levels in their blood.

Contribution Margin Analysis as a Tool for Profit Planning in the PT Labiva Jaya Utama Travel Services Business in Parepare

Contribution margin is the result of sales that have been reduced by all variable costs for production and marketing which can cover fixed costs and produce a profit in total per unit. This research aims to find out how to calculate the contribution margin and to be able to find out the contribution margin as a tool for profit planning. The method used in this research is a qualitative research method that uses a descriptive approach and data is also obtained from direct interviews and documentation. The research results show that the contribution margin of PT. Labiva Jaya Utama in 2020 amounted to IDR 79,760,000, in 2021 it amounted to IDR 87,850,000 and in 2022 it amounted to IDR 62,760,000. By calculating the margin, it makes it easier for the company to calculate the level of profit earned by the company each year.

A Strategic Framework for Sustainable Business Model of Renewable Energy Services

Purpose: The main objective of this research is to investigate the ongoing scientific investigations into sustainable business models framework in the energy sector, with a particular focus on the shift towards renewable energy sources. This entails comprehending how firms may adjust to and propel the transition towards sustainability in accordance with the Sustainable Development Goals (SDGs).   Theoretical Framework: The theoretical foundation of this study is anchored in the concept of the triple bottom line, which emphasizes the need for businesses to focus on three key areas: economic, social, and environmental dimensions. This approach is essential for achieving sustainable development, as it ensures that business models are designed to contribute positively to society and the environment, in addition to being economically viable. Methodology: A comparative literature review serves as the methodology for this research. This method involves systematically analyzing existing literature on sustainable business models in the energy sector to identify trends, gaps, and theoretical underpinnings. The comparative aspect allows for the evaluation of different approaches and the identification of best practices and areas for future research.   Findings: The research identifies that while there is a growing trend towards the adoption of renewable energy sources, significant challenges remain. These include technological limitations, regulatory barriers, and financial constraints. However, by refining the business model canvas to incorporate elements of sustainability, businesses can create adaptable frameworks that address these challenges. This revised canvas includes components that emphasize economic viability, socio-cultural values, and ecological integrity.   Research & Practical Implications: The conceptualization of a sustainable business model canvas is a key practical implication of this research. It offers businesses a clear and systematic way to integrate sustainable practices into their operations. This tool is designed to promote holistic sustainable development and informed decision-making by incorporating economic, socio-cultural, and ecological values into the business planning process. By doing so, it has the potential to facilitate the transition towards more sustainable business practices in the energy sector and beyond, thereby contributing to the achievement of the SDGs.   Originality: The originality of this study is grounded in its comprehensive approach to integrating sustainability into business models, its adaptation of existing frameworks to better suit sustainable development goals, and its forward-looking perspective that seeks to guide future research and practical applications in the energy sector and beyond.

Perception of the University Students on Entrepreneurship Education

This study focused on the perception of the students on entrepreneurship education. Entrepreneurship education is considered an effective tool for influencing students’ learning orientation and expression. This study examined the effects of entrepreneurship education and learning on the entrepreneurial implementation intentions of students at the Universities. This study employed an explanatory method. For the study, 600 questionnaires were collected from north Indian university students. Multiple regression was used for the analysis of the study. The results showed that teaching methods significantly impact entrepreneurship stimulate students’ interest and enhance students’ knowledge innovation for business start-ups. The findings of the analysis also revealed that practical activities are mainly based on vocational skill activities, the teaching methods should contain extensive attention to critical thinking and idea generation activities as graded mechanisms of the degree program. It was also recommended that engagement of students with entrepreneurial development initiatives provided by institutions should involve students across all degree levels. Therefore, to increase the prospect of assignation in entrepreneurial activities after graduation students should generate viable business ideas, identify market gaps, engage in business startups, and practical business plans, and engage in invention and innovations. Keywords: entrepreneurship, education, teaching, perceptions, university, students

What is the link between entrepreneurial knowledge, business planning and entrepreneurial intentions? An empirical study on Indian Higher Education Institutions

PurposeThe study seeks to conduct an empirical investigation on the impact of entrepreneurship education (EE) through its components, i.e. entrepreneurial knowledge (EK) and business planning (BP) on entrepreneurial intentions (EI) in India.Design/methodology/approachAn electronic questionnaire was used to collect data from 340 engineering students and partial least square-structural equation modeling (PLS-SEM) was used to analyze the collected data.FindingsThe findings revealed that EK and BP have no direct impact on EI, however, they have an indirect influence through attitude towards entrepreneurship (ATE) and perceived behavioral control (PBC), whereas subjective norms (SN) have no mediation impact on the relationships.Research limitations/implicationsThis research has been conducted on students of engineering background only, future studies can be carried out by incorporating more attitudinal and environmental determinants with larger data sizes from diverse educational streams.Practical implicationsThis study is of immense significance to policymakers and educational establishments in designing the purposefully designed EE courses that can drive the entrepreneurial intentionality of students.Originality/valueThe study adds to the paucity of research on the systematic elaboration of EE construct underlining the specific impact of EK and BP as EE dimensions on students' EI. To the best of authors' awareness, this kind of investigation has not been conducted in indian higher educational institution (HEI) context.

Artikel Tentang Perencanaan dan Pengembangan Bisnis

The important process known as business planning and development allows an organization to establish the strategies, goals, and tactics necessary to grow and succeed in the long term. Businesses are faced with many complex challenges in the current era of globalization, ranging from intense competition to rapid market changes. Therefore, careful business planning is essential to anticipate changes and take advantage of emerging opportunities. In this abstract, business planning and development is very important in today's dynamic business environment. Internal and external environmental analysis, goal setting, strategy development, resource allocation, and implementation are the main steps in the business planning process, which will be discussed thoroughly. In addition, this abstract will show how leadership, innovation, and information technology help business planning and development well. Organizations can optimize performance, increase competitiveness, and better face challenges by emphasizing holistic and sustainable business planning and development. Understanding market, consumer and industry trends is important amidst global uncertainty. Therefore, this abstract emphasizes how important it is to monitor the business environment and be flexible when changing business planning strategies to adapt to changes.

Agroforestry in temperate-climate commercial agriculture: Feedback from agroforestry practitioners in the Mid-Atlantic United States

Industrially managed annual monocultures are the primary agricultural system used to grow most crops in developed countries. These systems necessitate the destruction of natural ecological complexity for their management and contribute substantially to the environmental problems facing society in the 21st century, including climate change, biodiversity and habitat loss, water pollution, topsoil loss, and desertification. Agroforestry is a promising set of alternative practices that involve integrating trees into agricultural systems to optimize biophysical system interactions and achieve a range of environmental and economic benefits. Much of the agroforestry literature has focused on potential adopters rather than farmers who have implemented agroforestry, but researchers and farmers alike stand to gain from insights into farmer experiences. This study aims to address that gap through qualitative interviews with farmers in New York, Pennsylvania, and Maryland who utilize production-oriented agroforestry. Perceived benefits of agroforestry included: improved climate resilience; lifestyle and mental health benefits; improved water management; improved soil health; increased presence of wildlife; improved livestock wellbeing; improved business resilience; provision of food, fuel, or fiber; improved ecological connectivity; reduced need for purchased inputs; low labor requirements; improved yields; improved pasture or crop health; and high product quality. Perceived challenges included: early setbacks; negative interactions within agroforestry systems; high labor requirements; difficulty mechanizing; tree establishment work; delayed or uncertain yields; novel crop challenges; meat processing challenges; difficulty planning for the future; high startup costs; and high management complexity. Farmers identified the value of both farmer–farmer networking and government support in the form of flexible and context-specific grant funding, system examples, business planning, and technical assistance. Many of the challenges farmers face can be overcome with agroforestry system designs that optimize early cash flow, balance labor productivity and environmental outcomes, and allow for harmonious integration of animals and appropriate-scale machinery.

Analysis and evaluation of the use of resource potential in agriculture

Stable development and efficiency of the agricultural industry is the basis of the state’s food security. The article is devoted to the issues of analysis and assessment of the production and resource potential of organizations. The results of a study on the analysis of indicators of agricultural production in value and volume terms, and the economic efficiency of agricultural organizations located in the Moscow region are presented. A methodology for comparative comprehensive assessment of the efficiency of using the resource potential of agricultural organizations is proposed. The results obtained can be used to identify reserves for increasing the efficiency of economic activities of agricultural organizations, developing a development strategy, justifying business plans and management decisions at various levels.

Analysis of the importance of business model and business plan in the process of entrepreneurship: Taking college students entrepreneurship as an example

This article explores in depth entrepreneurship focusing on business models and business plans. Taking the difficulties and challenges faced by college students as an example, it analyzes the importance of business model innovation to entrepreneurial enterprises and its key role in market competition. The article first summarizes the concept of entrepreneurship and the problems it faces, and second introduces the business model and its application in entrepreneurship, the definition and components of the business plan, and how to make an effective business plan according to the market demand, technology trends and competitive environment. This paper points out that a successful business model needs to be closely combined with market positioning, product strategy, marketing means, profit model and other elements, and the formulation of a business plan requires rigorous steps. The study has concluded that: the business model is the core of the business plan, and the plan is the specific implementation of the model. The two need to adjust each other and jointly determine the success of the enterprise. The future development trend of business model and business plan is the trend of digitalization and intelligence, personalization and customization, flexibility and adaptability. This paper puts forward suggestions for entrepreneurs represented by college students: in-depth understanding of market and customer needs, the need to maintain innovative thinking, the feasibility of socialist plan, etc. Thus improving the success rate of entrepreneurship. This paper enriches the relevant theories of entrepreneurship, lays the foundation for in-depth research, and has certain theoretical significance.

Market Risk in Project Finance: Approaches to Review and Minimisation

Relevance. Development of an investment project is commonly associated with many risks, and one of the most significant risks is a market risk i.e. is a possible failure to achieve prices, volumes and sales projected in total compared to those planned in the business plan and financial model of a project. Modern literature pays not enough attention to many relevant and practical issues of the market risk (i.e. is a possible failure to achieve prices, volumes and sales projected) review and reduction in the project finance and investment review, as well as to issues of work with independent marketing consultants, possible areas and ways for risk reduction and quality improvement.Purpose. The previous article considered approaches to understanding significance of the market risk and measures to deal with the risk in the review of price forecasts for an investment project. This article is supposed to consider the issues of risk reduction by organising optimal work with an independent consultant on these issues.Objectives. It is supposed to consider the possibility of engaging an independent marketing consultant, the requirements to the consultant by the financing organisation or investor, to provide an example of detailed scope of work for the independent analysis, give examples of comments to the marketing report and proposed measures to adjust the analysis in the report. It is also necessary to consider approaches to the use of the financial model in order to reduce market risk effects in project financing.Methodology. Methods of analysis and synthesis, induction and deduction as well as modelling are used in the article.Results. The article considers two major issues related to the accounting for or reduction of the market risks in the development of investment projects and providing project finance: the range of questions regarding working with a marketing consultant in order to decrease market risk effects is discussed, examples of requirements to the consultant and potential scope of work as well as some possible errors examples are given; author discusses instruments for considering these risks in financial model, including increased required levels for liquidity and debt service ratios in case of high risks and uncertainties.Conclusion. The market risk is one of the key risks in the development of an investment project and project review in project finance. A set of measures is needed to reduce and account for the risk. Proper application of these and other reasonable measures should enable project initiators and sponsors to ensure their successful development and compliance with the debt service schedule to third-party lenders.

Building Engineering Cost Prediction Based On Deep Learning: Model Construction and Real - Time Optimization

Effective project planning, risk mitigation, and stakeholder satisfaction in the construction business are greatly impacted by accurate cost projection. Overspending, setbacks, and ruined projects are all possible results of imprecise cost estimates. For this reason, it is critical to guarantee the viability and success of a project by increasing the precision of cost predictions. Construction project complexity, a myriad of cost variables, and uncertainty are the obstacles that building engineering cost prediction must overcome. Predictions made using traditional approaches are commonly inaccurate because they fail to fully account for the complex interplay between project factors and expenses. Advanced modelling techniques that can handle complicated data and changeable project contexts are necessary to overcome these obstacles. An approach based on deep learning called Deep CostNet for Building Engineering Technique (DCN-BET) Cost Prediction is presented in this research. Its purpose is to solve the problems associated with building engineering cost prediction. The approach uses deep neural networks to extract intricate patterns from massive amounts of project data collected over time. Improved prediction accuracy and real-time optimisation during project execution are made possible by DCN-BET, which captures the nonlinear correlations between project characteristics and costs. Risk assessment and management, cost forecasting for resource allocation, and project budget estimation and planning are among the few of the many construction industry uses for DCN-BET. The effectiveness of DCN-BET is assessed by conducting thorough simulation analyses in contrast to more conventional cost prediction approaches. Training and testing the model with real-world building engineering datasets allows us to evaluate its accuracy and efficacy in project cost prediction. The results show that DCN-BET has the capacity to support real-time optimisation and significantly improved the accuracy of cost predictions, which improved the overall success and efficiency of the project. 

Menghadapi Tantangan Global Dalam Perencanaan Bisnis: Strategi Untuk Mengatasi Kompleksitas Pasar Global

This research entitled "Facing Global Challenges in Business Planning: Strategies for Overcoming Global Market Complexity" has the aim of investigating and developing effective strategies for overcoming global market complexity in business planning. With ever-growing challenges in the global market, such as economic fluctuations, regulatory changes, and intense competitive dynamics, it is important for companies to have adaptive and effective strategies. Using literature reviews to collect and analyze data from various books, journals, and reports related to the research subject is the core of this qualitative research strategy. The term "international marketing" describes any type of advertising that reaches more than one country. It is common practice for entrepreneurs to write detailed documents outlining the history, current state, and future projections of their company. This document is known as a business plan. The findings of this research indicate that effective corporate planning techniques have a significant impact in overcoming global difficulties

The relationship between succession planning and survival of family business in Delta State, Nigeria

This seminar paper focused on the Relationship Between Succession Planning and Survival of Family Business in Delta State, Nigeria. The specific objectives are to: examine the impact of leadership succession planning on the survival of family business in Delta State, Nigeria and establish the impact of mentoring on the survival of family business in Delta State, Nigeria. The population of this study consists of the management and staff of the selected SMEs, which include; Dominion Gas, Blessed Plastics, Vinco Supermarket, Roban Stores, Gabs and Anny Stores who are currently on their payroll regardless of years of experience as of January 2024. The sample size of One hundred and seventy-four (174) was obtained using the Taro Yamani sample size formula. A stratified sampling technique was used. The study was driven by primary data. The data were analyzed using correlation and regression analysis as analytical tools. Findings revealed that Leadership Succession Planning (β =.259, P < 0.00), Mentoring (β =.136, P < 0.01), Innovation Investment (β =.130, P < 0.01), and Quality of Service (β =.075, P < 0.02). These are the dimensions with the strongest positive effects on the survival of the family business. The study concluded that A business mentoring program will help both mentors and mentees to develop their potential and upgrade their expertise. Effective mentoring can be associated with positive work behaviours, improve performance and contribute to succession planning because those who have been mentored are more likely to become mentors themselves. The management should also provide equitable opportunities for employees to feel motivated to improve the quality of their varied services. This will allow all employees, regardless of the output quality, to increase the efficacy of different brands, which may encourage customer retention.

Common Auditors in the Supply Chain and the Supplier’s Performance

ABSTRACT We examine the effect of a common auditor within a supply chain, where the auditor serves both the supplier and its customer(s). This dual role allows auditors to leverage and disseminate crucial chain-specific knowledge. Considering that supplier firms are relatively smaller and at a disadvantage compared with their customers, such supply-chain knowledge is valuable for suppliers to make better demand forecasts and business plans. Consistent with this argument, we find that a supplier sharing a common auditor with its customer(s) has a higher ROA, a higher profit margin, a shorter receivable conversion period, and a smaller demand distortion from the bullwhip effect. Performance enhancement is more pronounced when the common auditor has more opportunities to collect and transfer information and when such information transfer is more valuable to the supplier. Our results are robust to alternative measures of common-auditor presence, alternative explanations, and potential endogeneity concerns. Data Availability: The data that support the findings of this study are openly available. JEL Classifications: D82; D83; L25; M42.

The Perceived Impulse Buying Behavior of Online Shoppers in Qatar: Basis for Creating a Business Plan

The Perceived Impulse Buying Behavior of Online Shoppers in Qatar: Basis for Creating a Business Plan