Question

technical and social aspects of business plan ​

Answer 1

Answer:

• A business plan is crucial for a company's launch, development, and overall success.
• These strategies give a company a direction for the future and a specific blueprint on how to grow.
• An effective business plan needs to have a number of key components, and knowing what each one does may help you develop a strategy that will make your firm successful.
• Your business plan should be thorough, well-researched, and demonstrate to investors the value of your good or service.
• Make sure your enthusiasm is evident! Remember that prospective investors read through a lot of business plans before making a choice, and they base their choice on a number of criteria, including your determination to see the project through.
• Your strategy needs to stand out from the crowd.

A business plan's social considerations will include:

1. customer demographics
2. the way of life of the consumers.
3. Purchase proclivity.
4. societal accountability for businesses.
5. a vision and goal that fosters harmony.

• The customers and their continued growth must be taken into account as well as all of these societal factors when creating a plan. Every firm that is a member of society has a social obligation.

• A business plan's technical component is a crucial component that is required whether the company is in the manufacturing, retail, or service industries.

The following few crucial technological elements are:

A business plan should:

1. describe the product's technical viability;
2. indicate the amount to be given;
3. describe the physical plant architecture and design that is necessary; and
4. describe the way of acquiring materials.
5. Measures taken to dispose of garbage, including different techniques. Information on pollution prevention techniques;
6. the selection of a suitable technology based on functionality, price, and ease of maintenance.
7. Areas like HR, finance, marketing management, order monitoring, manufacturing, internal communication, etc. where the most recent technology are used.

#SPJ2

Answer 2

Answer:

A technical business plan consists of the following seven elements: Summary. Company description. market research.

a) Description of products and/or services.

b) Operational and management structure.

c) marketing plan.

d) Financial plan.

A company is  part of society, so it is very important that companies take certain social aspects into account in order to function successfully. Social aspects of a business plan include:

a) customer demographics.

b) customer lifestyle.

c) buying habit.

d) Corporate Social Responsibility.

e) Vision and mission that promote harmony

All these social aspects need to be taken into account and a corresponding plan made that takes consumers and their growth into account. It is the social responsibility of every company that is part of society.

The project code is #SPJ2.