Question.853 - Develop an Entrepreneurship Due Diligence Report on Impossible Foods, using the articles/information found in the following links.Links to an external site. The Impossible Burger: Inside the Strange Science of the Fake Meat That 'Bleeds' | WIREDLinks to an external site. https://www.reuters.com/article/us-impossible-foods-m-a-exclusive/exclusive-impossible-foods-in-talks-to-list-on-the-stock-market-sources-idUSKBN2BV2SFLinks to an external site. https://impossiblefoods.com/ Consider the following questions. Note that because this is a general outline, not all questions may apply to this specific business. External Environment: · How is the economic environment where the business is located? · How is the social environment where the business is located? · How is the technological environment where the business is located? · How is the political/legal environment where the business is located? Industry Environment: · What is the state of the industry in which the business operates? Is the industry in growth mode, or is it mature or in decline? · How does this business compare to competitors in its industry? · What is the business’ reputation in the industry and the community? · How many competitors are there? What are their strengths and weaknesses? Business Environment: · What is the state of the business’ target market? Is its target market growing or shrinking? · Are its target customers undergoing demographic changes, such as aging, loss of disposable income, or other transitions that could put the business at risk? · Is the business’s customer base growing? Is the business adequately diversified, or is it overly dependent on one or two big customers? · What kind of staff does the business have? Do employees have skills that are difficult to find elsewhere? Are their wages average, above average, or below average for the industry? · Are employees being treated fairly? Is there a lot of turnover at the business? Finances: · Are the business’ sales increasing? · What is the business’ profit margin? · Does the business have adequate funding? · How much debt does the business have? Conclusion: · Is this a business worthy of consideration for investment? · What are the reasons for your decision? Adapted from https://www.allbusiness.com/questions-to-ask-when-buying-a-business-567-1.htmlLinks to an external site. Submission Instructions: The detailed summary should be 600 words in length that uses current APA style and format.? Written explanations should use complete sentences, and appropriate grammar, punctuation, spelling, and word usage. References and citations should be used and in proper APA style. Complete and submit the assignment by 11:59 PM ET Thursday. Late work policies, expectations regarding proper citations, acceptable means of responding to peer feedback, and other expectations?are at the discretion of the instructor.
Answer Below:
Diligence Report on Impossible Foods Armon Love St. Thomas University BUS 536: ENTREPRENEURSHIP Professor Justin Peart February 23rd, 2023 Diligence Report on Impossible Foods External Environment: How is the economic environment where the business is located? According to a Reuters article, the economic environment for Impossible Foods appears to be favorable, as the company is in addresses to list on the stock request. This indicates that there's interest in investing in the company, which could suggest a growing demand for plant-based meat alternatives. In addition to this, according to the WIRED article the market for plant-based meat is expanding rapidly, which further supports a favorable economic outlook for Impossible Foods. How is the social environment where the business is located? The social environment for Impossible Foods appears to be increasingly favorable, as further consumers are interested in plant-based alternatives to meat. The WIRED article notes that the Impossible Burger has gained popularity among both insectivores and meat-eaters, suggesting that the social stigma around plant-based meat alternatives is decreasing. Along with this, the fact that Impossible Foods is in addresses to list on the stock request indicates that there's growing investor interest in the company, which could be a sign of adding social acceptance of plant-based meat alternatives. Industry Environment: How does this business compare to competitors in its industry? Impossible Foods compares favorably to its competitors in the industry, particularly in terms of taste and texture. The WIRED article states that the Impossible Burger has been praised for its ability to give almost similar taste and texture of the real beef, which makes it stand out from other plant-based meat alternatives. In addition to this, the article states that the company uses a molecule found in blood called Heam, which gives its product a unique advantage in replicating the taste of the original meat. What is the business reputation in the industry and the community? The business has a good and favorable reputation in the industry and community, as evidenced by its growing popularity and investor interest. The WIRED article notes that the Impossible Burger has gained a strong following among vegetarians and meat-eaters. The Reuters article states that the company is in talks to list on to the stock market, indicating growing investor interest. This suggests that the business is viewed positively both within the industry and by the wider community. Business Environment: What is the state of the business target market? Is its target market growing or shrinking? The target market for Impossible Foods, consumers looking for plant-based meat alternatives, is growing rapidly. According to a report by Meticulous Research, the international plant-based meat market is projected to grow at a CAGR of 15.8% from 2020 to 2027 (Meticulous Research, 2021, and this suggest that the target market for Impossible Foods is growing and that there is a growing demand for plant-based meat alternatives. Finances: Are the business sales increasing? The global vegan food industry is expected to grow at a compound annual growth rate (CAGR) of 8.7% between 2020 and 2027, reaching a market value of $91.9 billion by the end of 2027. Impossible Foods, one of the leading companies in the vegan food sector, is expected to benefit from this growth. While it is difficult to predict exactly what the sales of Impossible Foods will be in 2023, the overall trend suggests that their sales will continue to increase as the vegan food industry grows. According to a report by Grand View Research, Inc. (2020), the vegan food industry is expected to reach a market value of USD 91.9 billion by 2027, registering a CAGR of 8.7% from 2020 to 2027. Finances: Are the business sales increasing? It is difficult to accurately estimate Impossible Foods' profit margin since the company does not publicly disclose any financial information. However, According to experts in the vegan food industry suggests that Impossible Foods has a high-profit margin due to its innovative product offerings and strong brand recognition. What is the business profit margin? It is difficult to accurately estimate Impossible Foods' profit margin since the company does not publicly disclose any financial information. However, according to experts in the vegan food industry suggests that Impossible Foods has a high-profit margin due to its innovative product offerings and strong brand recognition. References Meticulous Research. (2021). Plant-Based Meat Market by Product Type, Source, Type, Distribution Channel, and Geography - Global Forecast to 2027. https://www.meticulousresearch.com/product/plant-based-meat-market-5022/Grand View Research, Inc. (2020). The worldwide vegan food industry is expected to reach USD 91.9 billion by 2027 [Press release]. Retrieved from https://www.prnewswire.com/news-releases/the-worldwide-vegan-food-industry-is-expected-to-reach-91-9-billion-by-2027--301706169.htmlMore Articles From Business Management
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