Students will once again be writing a formal internal business proposal for the Levy Company.Specific deliverables include:1) Identification of a minimum of three primary businesschallenges/objectives that are not directly related to HumanResource activities. Examples include: increasing market share,improving customer service and retention, global expansion, etc.2) Proposed Human Resource initiatives to address thechallenges/objectives identified in #1. The proposal should includeresources needed (human capital, financial, etc.) for implementationof the initiatives. *Financial considerations can be an approximation.3) An evaluation plan that will address the proposed actions identifiedin #2 and should include both quantitative and qualitative measures.*Resource material should be used for items #2 and #3**Portions of other Term Projects can be used for this proposal***All resources should be included and cited according to APA format.The company history can be found on levycompany.com