PurposeMBA Business Plan component ContextOne of the most important elements in a business plan is the market analysis. A market analysis is a qualitative and quantitative assessment of a market. It includes data collection and estimation in reference to the market size and value, characteristics of the intended customer base, in-depth evaluation of the competition, barriers to entry, and the regulatory environment. An accurate and detailed market analysis allows entrepreneurs to determine whether the market is sufficiently large to build a sustainable, profitable business. In this assignment, you will complete a market analysis for your proposed organization and create a report that can be included within a business plan. InstructionsWrite a 525-word report that includes the following sections: Section 1: Business overview, mission, and visionSection 2: A Market analysis that includes the following components:Section 3: Recommendation Use the Market Analysis Research document for details on what to include in each section.
Background
In order to start my own business, I must first complete a market analysis. This market analysis will help me to determine whether or not the market is large enough to support a sustainable and profitable business. In order to complete this market analysis, I will need to collect data on the market size and value, the characteristics of the intended customer base, the competition, the barriers to entry, and the regulatory environment. I will also need to estimate the market size and value, and evaluate the competition. Based on this information, I will be able to determine whether or not the market is large enough to support my business.
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