Opera House - Business Plan Example

With due consideration to this particular market opportunity, the proposed business has determined to emerge with diversified musical experiences for the people of the US so that the business can sustain in terms of its content and quality of products and services provided. However, increasing competitiveness of the US music industry has been a major concern and threat to the operations of the proposed opera house business in the initial phases. In order to deal with this particular aspect, the proposed business has targeted to reach the maximum number of customers through effective marketing strategies along with the deliverance of quality products and services at a reasonable price.

The plan has also provided a systematic operational and corporate governance plan so that the proposed business is able to meet its social and legal obligations in a comprehensive manner altogether. However, increasing competitiveness along with the changing nature of the preferences of the customers indeed acts as potential risk factors for the overall business. In this regard, proper management of the business with due adherence to the core policies of the business can be effective for the proposed opera house business to ensure sustainability and competitiveness within the US market.

In relation to the present day unconventional business scenario, the global music industry has shown a dramatic transformation of growth owing to the efficacy of the performances of a few of the top and emerging players within the industry. This aspect has further encouraged companies and new entrepreneurs to emerge with their business ideas of initiating new ventures. The ever-changing trends of the music preferences of the people along with growing performance of the opera house throughout the world have been rapidly representing a greater opportunity.