Managing Corporate Citizenship Management â€Myassignmenthelp.Com

Question: Discuss About The Managing Corporate Citizenship Management? Answer: Introduction This report reflects the business idea which could be undertaken by the entrepreneur for the creating value on the investment. It is observed that there are several internal and external factors which are faced by entrepreneurs while starting up of new business. The main business idea could be related to start up a fitness business center in Australia. This report reflects all the key factors and process which needs to be undertaken by people with a view to create value on the invested capital. Developed business plan It is considered that when a person wants to start up a new business then he has to consider various internal and external factors. With the ramified economic changes and increasing complexity of business, various entrepreneurs are coming up with different business ideas and strategic planning in the market. It is considered that fitness business is growing very drastically in Australia. It is evaluated that business entrepreneur indulged in fitness business industry could make good amount of profit by starting up new venture of fitness business center. There are several business parts such as starting up spa business, Yoga center, mental meditations center and gyms to start up new business. The most lucrative business idea is to establish a Gym in Australia. People in Australia are more concerned about their health and want to keep their body healthy (Robb Robinson, 2014). The newly established Gym center will have name stated Fast tract keep fit private limited. In order to start up a new Fast tract keep fit private limited in Australia, promoters of company has to consider various factors such as strategic plans, internal and external factors, economic condition of health industry and peoples inclination towards joining Gym centers (Blank, 2013). It is observed that more than 40% populations in Australia are suffering from various illnesses. Therefore, the vision of Fast tract keep fit private limited is to eradicate this issues in Australia and keep people motivated towards living life as healthy as they could. However, the success of business of Fast tract keep fit private limited in Australia is completely dependent upon the marketing strategies of company. Fast tract keep fit private limited needs to install cyber computing enterprises resources planning in its business. This level of advanced technologies will increase the overall automation and advancement in the business functioning of organization. For instance, installation of newly introduced cybe r computing enterprises resources planning in business will help organization to collect data through online sources (AUDRETSCH, 2014). Monkey survey and cluster sample survey will help organization to collect the data about the clients and their choice of actions. This will help Fast tract keep fit private limited to customize its services and machinery as per the clients needs and demand in Australian market (Christensen, 2013). Structured program of incorporating Fast tract keep fit private limited Promoters of Fast tract keep fit private limited needs to invest at least AUD$ 100 million in its business functioning. This invested amount would be used to install enterprises resources planning and hiring experts who could impart international training to clients. However, these all are the operating expenses. Importation of international machineries and other assets would be covered in the capital expenditure of organization (Crane Matten, 2016). This level of investment and international strategic plan will help organizations to attract high level of clients in market. This has shown clear path to Fast tract keep fit private limited to grasp high market share in health industry in easy and determined approach. However, if in case, Fast tract keep fit private limited needs to inject more money in its value chain activities then it could go for issues of Initial public offer or taking loans and advances from banks. Creating core competency in providing Fitness services in Australia It is evaluated that Fast tract keep fit private limited has installed all the international Gym machineries and plants to increase the overall clients experiences. In addition to this, experts hired by Fast tract keep fit private limited is also have international fitness knowledge which will help clients to take proper diet intakes. This level of value chain activities will help Fast tract keep fit private limited to create core competency in the fitness industry to compete with other rivals. After evaluating all the primary and secondary data in health industry, it could be inferred that proper level of strategic plans and business functioning could assist Fast tract keep fit private limited to create value on its investment in determined approach References AUDRETSCH, D. B. (2014). Small Business and Entrepreneurship: The Emergence of a Scholarly Field.20 years of Entrepreneurship Research,49. Blank, S. (2013). Why the lean start-up changes everything.Harvard business review,91(5), 63-72. Brigham, E. F., Ehrhardt, M. C. (2013). Financial management: Theory practice. Cengage Learning. Christensen, C. M. (2013).The innovator's dilemma: when new technologies cause great firms to fail. Harvard Business Review Press Crane, A., Matten, D. (2016).Business ethics: Managing corporate citizenship and sustainability in the age of globalization. Oxford University Press. Robb, A. M., Robinson, D. T. (2014). The capital structure decisions of new firms.The Review of Financial Studies,27(1), 153-179.