Write a strategic essay where R75 was used to create value by increasing the initial investment by as much as possible. The essay must follow the below format and be 1 page – arial 10, single line spacing:Start the essay by explaining that when one is faced with the challenge of increasing an allocated amount of money to the greatest value possible, in a limited 2 hour period, their immediate response to the situation is to gamble (take the lottery, bet, casino, trade currency) or buy and sell items at a profit. Mention strategic quotes and theories by Henry Mitzberg, Lawrence Freedman and Sun Tzu and apply these theories to the provided challenge.Then go on to explain that I decided to take a different approach to the situation and rather, buy and sell items to make a profit but also sell advertising space on the item.Conduct the following for the described strategy to the provided challenge: Stakeholder Analysis Porter’s Five Forces PESTEL Analysis Mintzbergâ€™s 5 Pâ€™s of StrategyGo on to explain that the strategy that I conducted involved the following: I approached companies (Sorbet, Google, VHB Associates, Salushi, Panarotti’s, Spur and Sissy Boy) and asked if they could buy advertising space for R500 per company. I purchased one tub of ice cream for R34, seventy ice cream cups for R25 and seventy plastic spoons for R15, totalling R74. The cost per cup of ice cream was R 1.06 per cup and 65 cups were sold for R8 each, totalling R 520. R58 was received as tips. I received a total of (R500 x 7) = R3500 from selling advertising space. I inserted stickers of company logos onto each ice cream up. These stickers were acquired from each company. The selling activity took place from 1pm-3pm on Thursday 10th March 2016 in the entertainment area of an upmarket apartment block in Claremont, Cape Town.Now go on to discuss the challenges and concerns that I experienced from conducting the challenge, my overall impression of the task and other ways that I could have completed the challenge/ improved my used strategy.
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