Management : Opportunity Identification And Planning Case

1Running head: BUSINESS PLAN OPPORTUNITIESBUSINESS PLAN OPPORTUNITIESNameLecturerModuleDate2BUSINESS PLAN OPPORTUNITIESCompetitive AdvantagesTo date, the primary advantage in the retail business with an example of my proposalplan for boutique roots from the absence of stores similar to ours. Additionally, the co-owner inthis retail business has had previous experiences in the industry dealing with fashion for the past20 years. The experience is inclusive of working with other apparel retailing managers, designersfor trends and garments experts. This hands latest trend in the market thus creating a niche withease in comparison to my newbie status in the industry.With no guarantee of a competitor coming to this locality, there is no doubt in the fashionsense, excellent clientele base, and product quality. In turn, we shall have the quickestablishment of a booming retail boutique being a place for the ladies baby boomers onlyshopping stop. Also, this retail store will serve as the only niche retail shop for fashion for oldand even the hippy women. With other stores offering similar styles, the contrast hailing fromour stores is dependent on the baby boomers' generation. It is from this that there is and thereshall have different competition in this niche.The retail store's relationship with the supplier plus the exclusive offerings of theproducts will evade the future competitors from market entry as a rival. Additionally, there istime taken in buildi ...


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