bussiness plan related to aerospace engineering

For this ICA, you are required to produce a Business Plan linked to your area of study along with a reflection using the submission template provided. There are 3 main tasks you need to complete. A MS Word template is included in the Assignment folder of your module Blackboard site for you to complete and submit.
Task 1: Business model canvas
You must use the business model canvas taught on the module to develop a business plan for a sustainable innovative product / service / system or process linked to an engineering discipline. All aspects of the business model canvas must be completed. The first page of the MS Word submission template focuses on the triple layered business model canvas in a poster format.
The preparation of the Plan will assist you to become more familiar with literature relevant to your programme of study. In addition, knowledge and understanding of the selected topic will provide context and examples that will be helpful in understanding some of the technical content of your programme. Clearly, a thoroughly researched Business Plan will help with this assignment but also with successive coursework and practice.
Task 2: Reflection on the Business Plan design activities
Identify one or more learning events that you have encountered whilst undertaking the design of your business plan. A learning event could be something that confirms or contradicts your prior knowledge, theories or understanding. It does not have to be an event that went well; often we learn more from things that do not go quite as planned. If it was a negative learning event, describe what you will do differently in the future to lead to a more positive outcome and how you will use this experience to guide future behaviour. When identifying your learning event(s), think about all the things you have done as part of putting together your business plan using the business model canvas. Decide which of those things have helped you understand better or helped you become better at business plan designing.
Separate to this, also reflect on your interactions with your course group. Thinks about how it has influenced your approach to business planning.
Discuss your reflection on the learning event(s) you have identified and your interactions in a written form (around 500 words). The second page of the MS Word submission template focuses on task 2.
Reflections are personal so your writing should be relaxed and conversational as opposed to the more formal style of academic writing. Include examples. Reflection is an exploration and an explanation of events – not just a description of them. Reflective writing often involves ‘revealing’ anxieties, errors and weaknesses, as well as strengths and successes. This is fine as long as you show some understanding of possible causes and explain how you plan to improve. It is necessary to select just the most significant parts of the event or idea on which you are reflecting. It is often useful to ‘reflect forward’ to the future as well as ‘reflecting back’ on the past. The following questions may help:
• What was the new experience or challenge you faced and what happened to you?
• What impact did it have on you and what were the consequences of this impact?
• What action did you take to deal with the new situation and any challenges, and why did you do this?
• What did you learn from the experience and how will you apply this in the future?
Task 3: Reflection on the use of literature for Business Plan design
Given below are 5 references part of a hypothetical student’s reference list for their busines plan.
Reference 1: https://uk.businessesforsale.com/uk/search/civil-engineering-businesses-for-sale
Reference 2: Jocovic, M., Melovic, B., Vatin, N. and Murgul, V., 2014. Modern business strategy Customer Relationship Management in the area of civil engineering. In Applied Mechanics and Materials (Vol. 678, pp. 644-647). Trans Tech Publications Ltd.
from the website https://www.scientific.net/AMM.678.644
Reference 3: Zhao, X., Chang, T., Hwang, B.G. and Deng, X., 2018. Critical factors influencing business model innovation for sustainable buildings. Sustainability, 10(1), p.33. (Available online: https://www.mdpi.com/2071-1050/10/1/33)
Reference 4: Ainger, A., Kaura, R. and Ennals, R., 2012. Executive guide to business success through human-centred systems. Springer Science & Business Media.
Reference 5: https://gocontractor.com/blog/top-instagram-accounts-construction/
Use your learnings from your lectures and other teaching related activities in this module to reflect on the quality and appropriateness of these as reference literature (around 500 words). List your references and comment on how they compare. The third page of the MS Word submission template focuses on task 3.
Do not hesitate to be critical on the student’s choices. As in the previous task a conversational style is appropriate. In terms of choice of references, think about what you would have done differently and what you would have done similarly

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