Unit 5 group project Tolap Corporation Research Paper

Unit 5 group project Tolap Corporation - Research Paper drillUnit 5 group project Tolap Corporation This section sh all in all be a summary of all that is contained in the plan such that top decision maker members, who may not have time to prove the entire report, should get a fair idea of what is contained in the report and base on the executive summary to take preliminary decisions (Chen and So, 2002).Description of BusinessThe name of the business as well as the form of ownership shall be set downstairs this section. The section shall also contain owners and any achievable history of business. Description of Product/Service Name of products offered should be arguinged in clear terms as well as function that customers ar to receive. Marketing Plan This is where the suggested market segment must be make known and how to development competitive advantage over this segment. Industry Each business is under a broad industry and this must be clearly stated. Toplapp is, for inst ance, in manufacturing industry. CustomersThe customers are the end users of the products and services earlier spoken about. This section should include characteristics of customers as well as why they have been targeted. arguing The company go out not be the first in the named industry and so existing competitors must be mentioned with reasons that make them threatening. Advertising and PromotionThe means through which the company is passing game to make its self-visible to the identified customers and all forms of potential customers must be spelt. The initial strategies for making the company known will nightfall under advertisement whiles ways of maintaining the gained image of the company will come under promotion (Breiman et al., 2009). localisation of function Location will refer to places where the presence of the company will be seen and felt. In times past, the gabble of location was all about where offices and branches will be seen through the construction of struct ures, but today the coming of the internet have made it quite easier to have a larger location through electronic commerce and so ways by which the company seeks to take advantage of electronic commerce will come under this section. Suppliers The company may have the option of using either internal or external suppliers. Whatever the case is however, it is necessary that these suppliers and why they are the best must be made known through the business plan. This section of the plan will therefore cater for this task whereby name of suppliers are going to be known as well as materials that they are going to supply. management Management as used in context does not just refer to a list of the names of managers of the company but also skills and abilities possessed by the managers in carrying out their roles and the specific roles that they are going to be expected to undertake in order to bring about the achievement of goals. monetary Plan Quantum of capital injection as well as a budget of how the capital is going to be raised and used must be made clear under this section. Mission parameter The company has a mission of becoming a global leader in the manufacturing of high fiber home and garden appliances that meet the requirements and specifications of customers. The company also seeks to put its self ahead of time when it comes to advanced manufacturing, which involves the manufacturing of machineries for todays use that actually solves tomorrows problems. By this, the manufacturing services and products of manufacturing shall become extremely relevant to the customer because apart from the fact that