Optiven Group Business Ownership Model (Essay Sample)

• All the students will work on a hypothetical company/firm and give it a unique name.
o The company/firm should be physically based out of Canada, though it can operate in and cater to clients/customers/consumers outside of Canada.
o It could be a small, medium, or large Business
o The Business should either create product/s or and provide services
o The company's life cycle is also to be assumed by the student. For example, you may consider establishing a new business venture, expanding, or restructuring an existing business, etc.
You will structure your assignment in 4 sections while answering the following questions, based on your understanding of the module Finance.
SECTION 1- DESCRIPTION OF THE BUSINESS
Provide a complete description of your company/firm. Utilize the points shared above and top it up with more details that you feel are necessary to explain your Business nature and structure.
Hints
o You can talk about the products/services being provided/intended to be delivered, its Value Proposition, etc.
o How long have you been in Business, or is it a fresh start?
o Organizational structure and competitive advantage of your company
o Overview of your business strategy, goals, and objectives
o Etc. etc..….
SECTION 2- BUSINESS OWNERSHIP
1. Which form of Business Ownership Model does your company/firm follows or aims to follow? And why?
2. Advantages and disadvantages of this Business Ownership Model?
3. What could be the probable Threats and/or opportunities associated with this type of Business Ownership model under the COVID 19 scenario?
Hints
o While answering, keep in mind the products and services being offered by your Business
o Complexity, size, and geographic expanse of your Business
SECTION 3- COST-BASE ANALYSIS
1. List the Types of Costs associated with delivering your final product/service to the marketplace?
2. Categorize them under the four categories discussed in the Total Cost-Base Analysis topic.
3. Depending on your current Cost-Base Analysis, what is the Degree of Managerial Control you have over the current financial health of your organization (assume you are in the role of Chief Financial officer). Explain?
Hints
o Think of all the major activities/ departments/ processes etc. and then break them down into cost types
o Once you have the cost types, categorize according to the classification discussed in the Cost-Base Analysis.
SECTION 4- SOURCES OF FUNDS
1. Following the information provided in sections above, which Source/s of Funds is your Business eligible for, and why?
2. Out of the Source/s of Funds your business is eligible to utilize, which primary source of funding and associated financial tools will you choose to cater to your Business current and future financial needs, and why?
3. Assuming that the COVID 19 altered your potential to secure funding from this source. What alternative options would you explore (financial tools) to support your business? Explain?