StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Developing an Efficient Business Plan for a Company - Assignment Example

Cite this document
Summary
In the paper "Developing an Efficient Business Plan for a Company", an effective business plan is required to be formulated by the proposed company while initiating a new business. The company possesses the desire to perform its business as a small competitive car care product manufacturer…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER98.1% of users find it useful
Developing an Efficient Business Plan for a Company
Read Text Preview

Extract of sample "Developing an Efficient Business Plan for a Company"

Download file to see previous pages

The company can be able to fulfill its predetermined business targets by following the aforementioned aspects at large.

A business plan is often regarded as a crucial step for an entrepreneur intending to inaugurate a new business venture or expand the existing business unit at a newly located marketplace. It essentially plays the role of a guide to the various operations of the organization within the marketplace (Tiffany & Peterson, 2011). In order to demonstrate a viable business structure, the business plan reflects a clear depiction of the business including its offerings, sales, and marketing strategies, information of management groups and their roles along with making a prediction of the financial forecast for the succeeding few years that the organization will take into concern (Analoui & Karami, 2003). Moreover, in order to demonstrate the viability of the overall business design, it is also important for the organization to identify the specific market for the products and services, find out the competitive advantages as well as to evaluate the cost and profit margins of the business (GRANT finder Ltd., n.d.).

With regard to the notion of a business plan, the primary objective of this study is to prepare an effective business plan for XYZ Company concerning the practice of manufacturing and marketing electronic dash duster products especially for the car care and aftermarket accessories segment in Australia.

Background of the Venture

XYZ Company intends to commence its business operations as a small competitive car care product manufacturer in Australia. The company would aim to perform a competitive role in the Australian car care product market by rendering a range of innovative and creative products to the customers. Moreover, the company would also like to build a respected position through its exceptional marketing and promotional campaigns which further would enable the company to execute its activities efficiently in the respective industry.

The business processes of the company will be highly focused on manufacturing innovative car care products which would offer substantial benefits for the customers. Moreover, the manufacturing process of XYZ would be focused on providing adequate facilities to its ultimate customers in terms of maintaining their cars in an efficient manner.

Management Team

XYZ aims to establish itself as a pioneer in the field of innovative product offerings in the Australian car care aftermarket industry. The company will be incorporated with the aid of a well-built management team with a feasible number of staff in its different management divisions. At the initial stage of the business, XYZ will focus on maintaining an effective and feasible structure with its four major business divisions namely the executive division, operations, and manufacturing division, sales, and marketing division, and financial management division. The executive division of the company would comprise the Chairman who will be the key person in making decisions concerning the overall activities of the company. The operations and manufacturing division will be operated by the operations manager with two subordinates. The manufacturing and operational processes of XYZ will involve different operations including raw material procurement, manufacturing of goods as well as distributing final products in different selling locations.

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Business Plan Assignment Example | Topics and Well Written Essays - 5000 words”, n.d.)
Retrieved de https://studentshare.org/marketing/1404032-business-plan
(Business Plan Assignment Example | Topics and Well Written Essays - 5000 Words)
https://studentshare.org/marketing/1404032-business-plan.
“Business Plan Assignment Example | Topics and Well Written Essays - 5000 Words”, n.d. https://studentshare.org/marketing/1404032-business-plan.
  • Cited: 0 times

CHECK THESE SAMPLES OF Developing an Efficient Business Plan for a Company

Developing an Implementation Business Plan

A lot of managers do not have a clear understanding of all the business risks that can affect a company.... When a company is the first to enter a marketplace it can use that strategy as a tactical advantage to achieve a higher market share.... When managers do not take implementation plans seriously they put the economic well-being of a company at risk.... The author of the paper "Developing an Implementation business plan" will begin with the statement that many organizations have a difficult time reflecting the plans they create because often there are many unpredictable variables that change the parameters in the environment....
3 Pages (750 words) Essay

Retrofitting Hong Kong Buildings with Efficient Air Conditioning and Treatment: a Feasibility Study

PROJECT plan: Methods 6 4.... This study is aimed at discovering the best way to retrofit these buildings, so that they can be improved and become a productive part of the Hong Kong business scene.... SUBMISSION DATE: WORKING TITLE (provisional): Retrofitting Hong Kong Buildings with efficient Air Conditioning and Treatment: A Feasibility Study Table of Contents Retrofitting Hong Kong Buildings 1 with efficient Air Conditioning and Treatment: 1 A Feasibility Study 1 AIMS OF THE PROJECT: 3 SYNOPSIS OF THE PROPOSED PROJECT 4 1....
4 Pages (1000 words) Essay

Technical Proposal for an Architectual Small ompany

It is in this context that the proposed plan for the small architectural company would facilitate its communication procedure with the architects and the architectural engineers and will also contribute in forming a strong base of computing technicalities.... an efficient flow of information through proper communication channels plays a crucial part in any business organisation.... In addition, apart from these basic equipment requirements, the company also requires a medium of internet for emailing so that it would be convenient to create an efficient communicating network in the workforce, especially with the architects and the architectural engineers of the company working offsite....
8 Pages (2000 words) Essay

E-Government Network Infrastructure for the State of Kuwait

9 Pages (2250 words) Term Paper

Computer sciences and Information technology

With respect to the comment above, I would agree with its author that Carr's (44) assertion that purchasing of a generic application by a company means the purchase of a generic process, as well.... I have been involved with ERP implementations and the software out of the book has never given the company exactly what they need.... Over the count/shelf software, as several studies have shown, does not meet the exact needs of the company.... Hardware and software have become so inexpensive that everyone has it, from giant multi-national corporations all the way down to the small business owner, so IT does not provide anyone with an economic advantage as it has done in the past....
3 Pages (750 words) Article

The Developing Manager

Team management is a skill that enables leaders to organize various players in a company so that they can work in union.... This essay is about developing plan for employment and personal growth.... As the paper discusses efficient managers need to possess skills that enable them to execute their tasks correctly; for example, they need to have effective communication skills, team work, problem-solving techniques, delegation, project management, and negotiation....
13 Pages (3250 words) Assignment

Increasing the Technological Efficiency for Texaco Oil Refinery Plant

An effective practice of health and safety system can be regarded as a major aspect for a company to successfully accomplish its desired business objectives.... The significance of health and safety system in a particular workplace significantly promotes operational efficiency through reducing different costs concerning health and safety issues within a company.... Therefore, the proposed health and safety plan for XYZ Ltd will be prepared in accordance with the principles and standards of five major elements of 'POPMAR' framework recommended by Health, Safety & Environment (HSE) document HSG65....
15 Pages (3750 words) Research Paper

Carbon Reduction Action Plan

In other words, our action plan for waste disposal involves small, cumulative steps that reduce carbon emissions in small and meaningful ways for the benefit of the business and all of our stakeholders.... "Carbon Reduction Action plan" paper identifies the ways in which a business's carbon footprint is made up, why there is a need for this organization to manage and control its carbon footprint, options for appropriate renewable energy solutions, recommendations in light of the building's condition....
16 Pages (4000 words) Coursework
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us