MGT602 Assignment 1 Solution Spring 2022

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MGT602 – Entrepreneurship Assignment 1 Solution Spring 2022 is about NABC framework. NABC is the abbreviation of Need Approach Benefits Competition.  Students have to prepare their MGT602 Assignment 1 Solution by themselves. Its Idea Solution MGT602 Assignment 1 2022. And students have to make their own Unique Assignment 1 Solution MGT602. This solution is MGT602 Assignment 1 Solution Spring 2022 Provided By Raise For Success.
I mentioned to you MGT602 Assignment 1 2022 the last date is 18 August 2022. The scenario of MGT602 Assignment No. 1 is:

Need Approach Benefits Competition (NABC) is a framework to better structure and present your business idea. NABC was originally presented by Stanford University. NABC is a smart tool for entrepreneurs to effectively pitch raw business ideas to potential investors and other stakeholders. NABC elaborates the Need you are addressing, the Approach you are using to address the issue/need, the Benefits this business idea will provide, and finally the details about the market Competition. Each

part of the NABC framework has its particular and distinctive ingredients.

Case:
An entrepreneur is being presented with a fact sheet (information, and statistical data) to prepare her NABC framework. She needs to identify, arrange, and place the facts against the relevant section of NABC framework. She is looking for expert input to complete this task.

Requirements:

1- Read the facts in the first column and write the relevant NABC section in the second column.

2- Justify your selection of the second column by writing a logical argument in the third column. (10*1= 10 Marks)

SOL:

Fact sheet (Information, Statistics)	Relevance	Argument
52% households are tenants and 48% are landlords	Need	This information gives us information about our customers shares.
100,000 potential customers.	Benefits	This information tells us the benefits that we obtained in the shape of potential customers.
Post purchase services and 24 hours backup support.	Benefit	This point also illustrate benefit about post purchase services and benefit.
List of leading brands in the market.	Competition	This point gives us information about the competition among leading brands in the market.
Franchise distribution system to increase your business market share rapidly.	Approaches	This point explain the approaches that are used to increase business market shares rapidly.
Guarantees and warranties.	Benefit	This points explain benefits in the shape of guarantees and warranties.
Digital marketing resources to market your business rapidly.	Approaches	In this point approaches to increase business rapidly explained
Manufacturing plant specifications.	Approaches	This point also explained the approaches used in manufacturing and specifications.
Information about market leaders.	Need	This point highlights the information about the market leaders which is need.
List of key entry barriers in the industry.	Competition	This point explained competition by explaining list of keys

MGT602 Assignment 1 Solution Spring 2022 PDF