Nature Extracts Contribution towards Arab World Region Research Paper

Nature Extracts Contribution towards Arab World Region - Research Paper Example The idea is to introduce nutritional products which are completely based on herbal plants and shrubs. The whole process of manufacturing the raw materials, purchasing the raw materials, manufacturing the herbal based products and finally, the distribution of the products are done among the Arab World countries. These processes could have been outsourced from the far eastern countries like India, Japan, and China, but that would not lead to the generation of employment in the Arab region. This research project lays out the plan of how to carry out the above processes and what problems are to be encountered.     The name of the company that is taking the entrepreneurial initiative is Nature Extracts. The product lines chosen are general vitamins, products specific for sports and nutrition, protein supplements, and diet vitamins and medicines. The product lines are all herbal based (Acs 2003). The idea is to manufacture the herbs and shrubs and the medicinal plants in Egypt, Oman, a nd Libya, process or manufacture the semi-finished products in Egypt, pack them there and ship the products for distribution to regions like Qatar, UAE, Kuwait, Bahrain, and Saudi Arabia. The problem is that not all regions fit for growing the herbal and medicinal plants. Apart from that, there is a problem of transporting the raw materials to the plants for furthering processing. The choice of the right distributing partner and channel is another problem. The initiative to open herbal and medicinal plants is already in the direct competition with the more contemporary medicines and nutritional products (Baumol 1988). The herbal based nutritional and medicinal products are considered to be traditional medicines. So in certain Arab regions where there is the considerable influx of aid provided by different international humanitarian groups like Red Cross and the WHO with modern nonherbal based medicines, it will take more than just a sincere effort to make the strong presence in the market. 5. Hypothesis The hypotheses are formed to negate the assumptions formed in the null hypothesis with appropriate reasoning and logic. The hypotheses are formed according to the importance of the factor.