Entrepreneurship-Creating a Business Opportunity Assignment

Entrepreneurship-Creating a Business Opportunity - Assignment Example Finally, the study will be concluded with the managerial capabilities required to manage the business in the production of PVC chemical by the author of the study. Polyvinyl chloride also known as PVC is highly used for its application in the construction business and is manufactured by polymerization of vinyl chloride monomer, which is used in the reactor and then condensed from the reactor so that gases are emitted. The PVC production is one of the most profitable businesses and is regarded as a significant contributor in the economy. The importance of PVC production increases with the growth in the construction industry and is widely used for manufacture of plastics. The worldwide PVC production is one of the most important businesses in the world economy, which requires the manufacture of polyolefins polypropylene and polyethylene. These business products have a large number of market shares, which includes high quality processing and production of plastics in bulk quantity (Vox, 2008). My company is already proficient in manufacturing high quality PVC chemical in South Korea and has been distributing the chemical to major medium and large sized enterprise of South Korea. It plans to expand further in Mumbai due to its easy availability of manufacturing sub parts, raw materials, and machinery and varied other materials. The major objective of my company would be to introduce my chemical in the Mumbai markets through innovation capabilities. It would be ensured that the chemical product would be highly compatible with the operational facilities and also with business environment of Mumbai. The market potential for the PVC chemical in India is quite high and is required mainly for water supply, tube well and land drainage schemes. The corrugated pipes are ideal for the drainage system of Mumbai and the requirement