Executive summary
Introduction
This is a new business division in Samsung cameras which main purpose is to develop intellect cameras which main purpose is to major on different fields such as engineering, scientific fields and other majors that would require such aid from cameras of the manner.
Vision
The vision of this new division is to develop career associated cameras which is to take part in the life of the owners of the camera.
Mission
The main mission for the new division is to give the customers an easier way of operating and performing their jobs in a much easier way hence the main mission is the simplification of the workload of the owner.
Final business Model
The divisions business model is majorly to start with the development of the product which is of high tech features for the use of the customers. The camera NX2016 which is the product is aimed at delivering service to businesspersons, scientists and also engineers due to the accuracy and the precision of the camera.
After this the other part of the new division also has focused on how to penetrate the market, focusing on the basic needs which are customer satisfaction. There is a sales department set in place that is responsible for the sales of the product and for the purpose of penetrating the market and also bringing in new ideas in the division. Apart from the camera also the division is also to lead in innovations on its field.
Assumptions and Risks
The whole idea behind new ventures in businesses is risk taking and also many assumptions and in this case a few assumptions have been made and these includes that there will be the need of such a product in the market and also the customers willing to invest in such technology. On the other hand there are risks involved which include the risk of the product finding customers in the market which incase this fails to happen all the investment is lost and the business will run into major loses.
Change In management
This division involves very few management changes as the new division operates independently with no interference with the other business divisions.
Profits, Job Opportunities and Stakeholders Effects
Profits such increased income revenue will factor in as a result of the new division and also on the side of job opportunities more jobs will be available. When we look at the business stakeholders also some effects will be realized depending with the outcome of the new division.
Conclusion
The success of this division will greatly affect the other business division and many more realizable advantages also which will boost the business more.
