Ensuring the New Venture’s Online Presence

Ensuring the New Venture’s Online Presence
Executive Summary
The individual reflection report contains the three challenges faced during group work. The paper discusses how these challenges were addressed and the lessons learned while resolving them. These challenges include ensuring the new venture’s online presence, identifying key customers, and promoting recent experiences. The nature of these challenges was directed towards the success of the business and product. The group members were unaware of the solution, but the research and study helped achieve the results. These challenges dramatically impact the type of venture because it is a private business firm offering high-end products and an online presence; identifying potential customers and effective global marketing can help increase the product’s sales internationally. Group work was a great learning experience that made me realize the significance of teamwork, coordination, and partnerships to accomplish a task. The knowledge gained through dealing with group work will help me through my entrepreneur career choice, which makes it imperative to promote business through digital mediums and identify the target market for your company and product and business marketing.
“Individual Reflective Report”
Reflection
Individuals or groups working on the new venture come across several challenges which are to be addressed to cater to the business needs. Launching a new venture is exciting and challenging simultaneously (Yaldiz & Bailey 2019). Because of the increasing global competition, innovation and technological development have increased the customer’s expectations and demands. While completing the project during the group work, the group members came across several issues, which included planning for the new business, funding and acquisition of financial, physical, and other resources, formulating models and frameworks for the execution of the ideas, and making critical business decisions.
Group work was a great learning experience that made me realize the significance of teamwork, coordination, and partnerships in accomplishing a task (Kowtun 2020). The group members’ diverse skills, collaboration, commitment, and support helped resolve the issues successfully (Schindler 2018). Individuals face several problems during group work task accomplishments due to several team members’ lack of dedication and motivation. Still, the team leader played a significant role through communication and inspiring diverse group members.
The group work improved my communication and teamwork skills. However, some key challenges were faced during this group work while working on a new business venture (Bouygues 2019). These challenges discussed in this reflection offered a unique learning experience to all the group members where we implied our learning and experiences to different situations. This reflection has been a learning experience for me (Shavit & Moshe 2019). It was a great learning experience for the other members and me to work as a group for this assignment and experience the practical implementation of theories, ideas, and learning throughout our course.
The subsequent paper presents reflective writing on the...