Lucky Prawn Farm

This case seems the classic example of businessmens careless undertaking of a venture. While successful investors of the same industry report its profitableness, the owners of aureate Prawn Farm seem to let put overly much faith in their declaration and neglected to do their own look and planning. It seems that they presumed having a pond and a private instructor with maiden hand experience in observing half-pint culture practices were enough. Had they done more research on the reign over they would have found that though shrimp aquaculture promises exalted profitability boosted by the demand of consumers for high-value seafood products and fluctuating supply from fisheries, in the dogged term transcends from this venture rarely matched expectations due to the risks involved. These risks could be minimize with careful planning, feasibility analyses and prevention measures, however, reading by dint of the case, they seem to have overlooked all these procedures leadi ng to dear(predicate) adjustments that were considerable and difficult to absorb relative to their initial investment. With the status already presented I would suggest that the owners concentrate on their starting line pond and set a start-up period for stabilizing the venture.

They should in any case define the acceptable rate of return for their investment and have an assessment of improvements that need to be financed, their be according to precession and the acceptable bud get at for such improvements quite of asking for a sum and providing a qualitative comment for the request. Further, they should allot about earning to start-up the second pond, but this time, armed with t he knowledge they have self-collected from! their first-hand experience. Meanwhile it would be useful to do further research from existing farms and assess how much halt measure they must(prenominal) invest in especially with regard to risks in put up changes and disease. By defining these details, Ben Torres would... If you want to get a generous essay, order it on our website: OrderEssay.net

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