Car Wash in Abu Dhabi Essay Example | Topics and Well Written Essays - 5000 words

Car Wash in Abu Dhabi - Essay ExampleEntrepreneurship starts with the process of being able to establish a mild business. In relation to small business management, this report will discuss the proposed business externalise which is to establish a car dry wash station in Abu Dhabi, UAE. After discussing the type of business entity or forms of business ownership which will be used in the proposed business project, the rationale for selecting this particular business project will be tackled in details. As part of the strategic planning process, the mission and vision statement will be stated briefly followed by conducting an environmental or industry analysis. This section will have three (3) sub-sections which will focus on applying the industry framework of Porters underlying five forces of competition, PESTLE, and SWOT. Eventually, competitive analysis will be conducted followed by discussing the strategic alternatives, goal settings and strategies, and control system. Before pre senting the actual business plan, a business feasibility study will be conducted to determine the proposed business estimated return on investment.1.1Proposed Business ProjectThe proposed business project is to establish a car wash station in Abu Dhabi, UAE. Today, one of the major competitors of the proposed business is the ADNOC petrol station. Aside from selling products like lubricants and fuels, ADNOC is also offering aviation services, vehicle inspection, car wash, and transmit oil services (ADNOC, 2013a 2013b 2013 c).... 9 2.3.2 PESTLE Analysis .. 10 2.3.2.1 Political and Legal Aspects .. 10 2.3.2.2 Economic Aspect . 13 2.3.2.3 Social Aspect 14 2.3.2.4 Technological Aspect .. 15 2.3.3 SWOT Analysis 15 2.3.3.1 Strength 15 2.3.3.2 Weaknesses . 16 2.3.3.3 Opportunities .. 16 2.3.3.4 Threats . 16 2.4 Competitive Analysis .. 17 2.5 strategic Alternatives .. 17 2.6 Control System ....... 18 3. Business Feasibility ............ 19 4. Conclusion and Recommendations . 20 Referenc es .. 21 - 26 Appendix I List of another(prenominal) Small-Scale Car Wash Businesses in Abu Dhabi .. 27 Appendix II Summary of Porters Five Forces Analysis 29 Appendix collar UAE GDP Annual Growth Rate 30 Appendix IV UAE Interest Rate . 31 Appendix V UAE Unemployment Rate