Establishing a new business | Business & Finance homework help

  • A number of new challenges (an      innovations or a policy change, such as the Personal Data Regulation –      GDPR in the EU https://ico.org.uk/for-organisations/data-protection-reform/overview-of-the-gdpr/)      may trigger significant change on how your business operates. Identify a      particular challenge that may apply to the industries your business      operates (or a business from literature), and describe the      disruption this challenge may bring. 
  • Explain clearly what actions you would      take to address these challenges. In particular, you should consider what      approaches and actions have been successful for other start-ups, who have      faced this challenge (or designed specific solution for this challenge)      and how you might adapt these actions to suit your own business 
  • Describing and mapping core value-add activities in your business      (you may use swim-lanes and other techniques to improve division of      functions), please compare and contrast the business process designs BEFORE and AFTER      addressing this challenge 
  • Develop an action plan for the transition from BEFORE to the AFTER designs.

should NOT exceed 3000 words (10% margin allowed), excluding diagrams, figures and tables. 

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