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    Idea Generation and Business Model Development

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    The objective of this individual assessment submission is to learn how to develop your own business idea, complemented by research and observational insights that detail why the need is compelling.Write a business report of your idea, a detailed business model(BM) canvas, discussion of the interrelationships among the BM components that are essential to success, critical risks and assumptions, and overall feasibility. The business model canvas must be discussed in the report and included as an appendix. The assignment should include: 1. Effective explanation of the customer/market problem t...

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    The word business use with reference to commercial activities, where production, manufacturing, trading or similar activities are carried out, the primary objectives of the business activities is to earn an economic benefits over a period of time. Business required a depth research and analysis of various factors associated with the commercial and non-commercial activities, a proper planning, depth analysis and selecting and identifying the data from the authenticated source are the fundamental requirement to formulate a smart business plan, further such micro planning enhance the success rate as again the probability for the failure of any project. The business model Canvas is a unique guiding model for every entrepreneur who want to start a new venture or who initiation a commercial activities with new idea and unique product or service facilities.

    This report aimed to develop a critical understating of the various accounting software by evaluating the cloud-based accounting software in regards to businesses and then suggest the most appropriate accounting software to a chosen company such as Woolworth. The findings of the current report reflected that the company has key activities like manage, organize, maintain its store staff, develop various strategies for the business, billing for their products, maintain their transactions, and records them and handle their conflicts, etc. Similarly, its other activities related to revenue and expenditure cycle also includes sales and purchase related practices. Moreover, some internal controls are found weak in Woolworth due to which company has risks like segregation of duties, major frauds, poor corporate governance, improper monitoring of managerial opportunistic behavior.

    This report aimed to develop a critical understating of the various accounting software by evaluating the cloud-based accounting software in regards to businesses and then suggest the most appropriate accounting software to a chosen company such as Woolworth. The findings of the current report reflected that the company has key activities like manage, organize, maintain its store staff, develop various strategies for the business, billing for their products, maintain their transactions, and records them and handle their conflicts, etc. Similarly, its other activities related to revenue and expenditure cycle also includes sales and purchase related practices. Moreover, some internal controls are found weak in Woolworth due to which company has risks like segregation of duties, major frauds, poor corporate governance, improper monitoring of managerial opportunistic behavior.

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