Entrepreneurship, Out of class – Individual assignment – Herbal

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Develop a Business Plan for “Herbal” using the pro-format provided (attached under name “A business Plan Pro-forma”), (see the box “Herbal Case Study”).
2.    You will be required to develop a business canvas (fill the schedule attached under name “The business Model Canvas”).
3.    Write ass report.
4.    You have to follow the Criteria for Assessment.
In delivering the Business Plan, students will be required to develop their own business model and support their idea with evidence (i.e. quality academic and business references). Other supporting data is also expected in subsequent 1.appendices.
Students should note that this is a major work. All sections of the plan must be answered in detail and supported by relevant, quality evidence (i.e. academic references). The Plan must be presented in the correct format and order of the pro-forma plan.
Criteria for Assessment (You are required to demonstrate the following skills in this assessment):
–    Understand the concept of the subject matter
–    Ability to express ideas and data clearly
–    Ability to express ideas and data concisely
–    Relevant literature review
–    Concise strategic analysis
–    Offer relevant scenarios that demonstrate how to overcome the problem inherent in the task
Entrepreneurship
Course Code: EPS 6110
 

Task 2 (40%)

 
Out of class Individual assignment – Herbal
 
Instructions

  1. Develop a Business Plan for “Herbal” using the pro-format provided (attached under name “A business Plan Pro-forma”), (see the box “Herbal Case Study”).
  2. You will be required to develop a business canvas (fill the schedule attached under name “The business Model Canvas”).
  3. Write ass report.
  4. You have to follow the Criteria for Assessment.

In delivering the Business Plan, students will be required to develop their own business model and support their idea with evidence (i.e. quality academic and business references). Other supporting data is also expected in subsequent appendices.
Students should note that this is a major work. All sections of the plan must be answered in detail and supported by relevant, quality evidence (i.e. academic references). The Plan must be presented in the correct format and order of the pro-forma plan.
 
Criteria for Assessment (You are required to demonstrate the following skills in this assessment):

  • Understand the concept of the subject matter
  • Ability to express ideas and data clearly
  • Ability to express ideas and data concisely
  • Relevant literature review
  • Concise strategic analysis
  • Offer relevant scenarios that demonstrate how to overcome the problem inherent in the task

 
 
Herbal Case Study
 
Two years ago, Majid, the owner of a small herbal company in Abu Dhabi, which he inherited from his father observed something unusual with one of the new painkiller called “Herbal”. During clinical trials, Herbal shrunk one type of cancer of a lab rat by 75%.  Having made this amazing discovery, Majid took a personal bank loan to spend on refining the new drug and make it more effective to target organ cancers.
 
Last month, Majid made a breakthrough.  Results on lab rats showed that the drug is working; it completely cured the liver cancer of one of the lab rats. Now, Majid is ready to try Herbal on human subjects. Working with a financial expert, Majid determined that he needed about AED 3 million to get Herbal ready for additional trials, refinement, regulatory approvals, and marketing. Initial conservative estimates project that Herbal would make $2 billion in sales. The profit margin is 100%.
 
Your task now is to help Majid find an angel investor to fund Herbal with AED 3 million.
 
 
 

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