Planning future activity plays a crucial role in a company as it plans for the future demands of the market. The future planning of the company for the production, finance, marketing, etc., can be done through forecasting technique. The forecasting plan helps the organization to establish the sales performance goals, get real and accurate pictures of sales, estimates the number of raw materials, the workforce of the production. ABC Furniture Company is one such company that likes to predict the sales for their subsequent year based on the customer traffic data (Shim, 2000). However, before proceeding with the sales ...
Difference Business Plans Samples For Students
14 samples of this type
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Business plan
Part 1: Business idea
My business idea is a starting barbershop. The name of this barbershop will be JD Barbershop. It will be serving males across all ages. It will be open from 1000hrs to 2100hrs on weekdays and 0800hrs to 2000hrs on weekends.
Essay layout
The layout of this essay will be characterized by several sections based on each question. For question one, the first section will concentrate on the business idea. The other section will have details on Michael Porter’s Competitive Forces. For question two, the first part will be based on the type of the business model ...
Executive Summary
The UK energy market is privatized. It is dominated by the “Big Six” players (Pym 2013). British Gas is the largest energy supplier in the UK energy market. The rate at which electricity is distributed across the UK is almost same for all the players. There is no product or price differentiation in the market, and hence, the probability of customers switching between service providers is minimal or almost none (National Grid, 2014). This makes the market less competitive. The players offering better products and better services receive no added advantage over others. British Gas has a robust supply chain ...
Shuzworld needs to decide which would be more economical: reconditioning their existing equipment for this production, buying new equipment, or outsourcing the production to China. Reconditioning which has a fixed cost of $50,000 and included as a variable cost of $1,000 for every 1,000 sneakers produced. By purchasing new equipment it has a fixed cost of $200,000 and a variable cost of $500 for every 1,000 sneakers. By outsourcing production to China they will incurr no fixed costs, and the variable costs will be $3,000 for every 1,000 sneakers that will be produced.
Inputting this data into POM for Windows gives the following results.
A visual representation ...
Summary
The article illustrates the concepts adopted by business organisations with support from government at Federal, State and Municipal levels in containing competition. It demonstrates the manner in which the law may be employed selectively to protect the interests of these business often to the disadvantage of the society and the general consumer market. The article supports their argument employing examples from America and its neighbors. Some of the glaring examples include the government legislation that effectively caps the number of universities in each state that can offer law, the capping of the number of taxi cabs that can operate ...
[Institution Affiliation]
The non-alcoholic beverage industry has been growing for the past few years. This is believed to have been sparked by the rising needs for safe drinks for the human body. This has elevated the growth in the fresh fruit drinks industry where the end products have little or no additives. These fresh fruit drinks are supposed to have the taste and feel of the real fruit from the farm. They are supposed to have the health benefits of the fresh fruits this industry has grown very much but not without a number of challenges.
(Deliza et ...
Executive Summary
The current medical spa business in America is all that not intense in terms of competition. The continuously growing population needs more healthy or medical products since the greater number of the population cares about their health. Ideally, people are looking for ways to maintain their health as well as reducing weight in order to remain healthy. Wang's Chinese Medical Spa is a new business that will be located in every major city in all the states to deliver health or medical products as well as spa services to the consumers (SBA.gov, 2011). However, the organization shall prefer to be ...
Business Plan
Executive Summary
This paper set out to explain the Best Entertainment Company. The company aims at being the best music records company by producing quality products at fair prices. It is based in New York, and it intends to attract popular artist. It also aims to support upcoming musicians.
The company has a team of qualified personnel who will ensure that the set goals are achieved. The customer analysis is set to understand the customers, segment customers and improve the product to suit the needs of customer
The competitor analysis help the company understand the strengths, weaknesses, ...
Executive Summary
A marketing plan is a written document, which shows the series of activities involved in achieving a firm’s objectives such as attracting customers, and persuading them to purchase the company’s products. The three-year marketing plan will enable the marketing plan to identify changes, needs and recommended strategies to approach customers. The difference attained by the marketing plan in the course of the three years will dictate its success or shortcomings. The firm will update the designed marketing plan to ensure that operations incorporate the emerging changes in the market. The plan can be independent or as part of a business ...
Shuzworld is considering the possibility of opening a new store. They have the option of building a new stand-alone store, opening a store in a strip
mall, or not building one at all. Shuzworld needs to decide if they should purchase market research.
Decision tree for Shuzworld’s is constructed regarding the possibility of opening a new store. In the case study, the stand-alone store would see good profits of $700,000 as long as there’s a favorable market and the opposite end in losses would show $400,000 in case the market was unfavorable. The strip mall store could show profits near $ ...
BUSINESS PLAN FOR ELECTRONIC MEDICAL RECORD
A good business plan should have a summary of what the project is to entail (Betkoski et al, 2000). The project is about electronic medical records (EMR) to be used in healthcare organizations or institutions. The EMR is a forefront of innovation in healthcare and is currently being mandated by the Affordable Healthcare Act. The establishment of healthcare institutions and organizations is on the rise. That has made healthcare to be a growing business. The success of the healthcare business will be based upon the ability to be affordable, ability to upgrade without making major components change and provide multiple layers of ...
Introduction
At this stage, dance students need to increase their perspectives concerning dance. They can achieve this goal through engaging in active interactions with community or cultural interactions, colleges and universities that offer dance and obtain as much useful information as they can from these institutions (Duberg, Hagberg, Sunvisson & Möller, 2013).The goal here is to get in-depth understanding of the issues of dance, acquire practical experience concerning dance in the commercial and practical sense as well as interact with dance professionals who can serve to give them more insight into the occurrences and on goings of dance in ...
The close to a decade history of Houston University has seen it grow and expand its products to its customers in diversity. This brings out the difference in the various campuses that the university has planted across the state. In this memo, I have picked three campuses each representing one category of the three categories of the University of Houston commonly abbreviated as UH by the students a term that is being adapted even by the teaching and non teaching staff. The campuses that have been picked are the campus of Main, the campus of Downtown and the campus of Victoria ( ...
Project Management
Part 1
The definition of a project
A project is not a physical object or a result, but a series of temporary activities aimed at achieving specific goals and objectives within specified time and resources (financial and human resources) (Choudhury 1988).
The features of a project
A project is characterized by certain features as outlined using the Australian high speed rain that connects Brisbane, Sydney and Melbourne (Australian Government, Department of Infrastructure and Transport, 2012):
Projects have specific goals and objectives: The high speed rail Project had a specific goal, to serve electric trains moving at 350 kph to:
Reduce train crowding;
Improve train reliability and flexibility;
...