Verified Document

Business Plan Improvements The Financial Business Plan

Entry barriers

It is difficult for companies to enter the steel industry. This is because of the great investments that are required in order to produce steel products or to purchase them. The limited success to distribution is another factor that increases the difficulty of addressing this industry.

3. Market analysis

This industry is characterized by an increasing demand for steel. The business sectors that report such significant demand increase of steel are represented by: the construction, the infrastructure, and automobile sectors. Producers of steel and organizations in the field tend to focus on developing user friendly steel products. This can be achieved by developing light weighted steel products. This is intended to help companies in the steel business develop and implement strategies that support the environment (EconomyWatch, 2010). The most important objective of these strategies refers to reducing the pollution associated with the steel production.

The international steel industry is significantly developing as a result of several factors. The most important factor that influences the development of this industry on international level is represented by the development and implementation of liberalization policies across the world. Another important factor...

The international steel market is dominated by Asian countries.
It is expected that the steel industry will continue its development. The demand determined by numerous development projects like infrastructural and real estate projects can mostly be associated with developing countries. The market is dominated by Chinese and U.S. steel producers, but India is continuously increasing its market share by the numerous acquisitions made by Indian steel companies. The innovations that producers are trying to develop refer to pollution reduction, cost minimization, and production increase. The most important technological developments in the field are represented by thin-slab casting, which allows steel production to be made in more environmentally friendly conditions. Therefore, it is important that companies develop strategies that can increase the efficiency of their production.

Reference list:

1. Porter's Five Forces (2010). QuickMBA. Retrieved February 10, 2012 from http://www.quickmba.com/strategy/porter.shtml.

2. Steel Industry Analysis (2010). EconomyWatch. Retrieved February 10, 2012 from http://www.economywatch.com/world-industries/steel-industry/analysis.html.

Sources used in this document:
Reference list:

1. Porter's Five Forces (2010). QuickMBA. Retrieved February 10, 2012 from http://www.quickmba.com/strategy/porter.shtml.

2. Steel Industry Analysis (2010). EconomyWatch. Retrieved February 10, 2012 from http://www.economywatch.com/world-industries/steel-industry/analysis.html.
Cite this Document:
Copy Bibliography Citation

Related Documents

Business Plan for a Concrete Polishing Company
Words: 2039 Length: 7 Document Type: Business Plan

Business Plan for a Concrete Polishing Company Business plan for establishing concrete polishing company in Sydney Australia Concrete polishing company, Sydney, plans to become a leader in providing concrete polishing services in the city. The company plans to do this by having the best facilities and human resource with experience in the industry. Plans are set to counter competition from existing companies by a continuous improvement of processes. Measuring standards of performance

Business Plan Gbsgreen Building Solutions Company Description
Words: 1926 Length: 6 Document Type: Business Plan

Business Plan GBSGreen Building Solutions Company Description Product & Service Description Marketing Strategy & Plan Environmental Analysis (SWOT/PEST) Competitive Analysis Products and Services Pricing Promotion People Financial Analysis & Projections Profit and Loss Risks and Assumptions GBSGreen Building Solutions Business Plan According to the Environmental Protection Agency (EPA) the impact of commercial buildings on the physical and social environment are such that there is "not questioning the vast impact…" (Environmental Protection Agency, 2006) Commercial Buildings are reported by the U.S. Department of Energy's Energy Information Administration

Business Plan Relating to the Sale of a New Financial Divorce Software...
Words: 6850 Length: 25 Document Type: Business Plan

Business Plan for a Financial Divorce Software Business Plan Divorce Software Business Plan relating to the Sales of a new Financial Divorce Software. Business Plan relating to the Sales of a new Financial Divorce Software F F1 F2 F3 G1 G1(a) G1(b) G1(c) Business Identification Keys to Success Company Summary Industry History Legal Form of Ownership Location and Facilities Management Structure Products and Service Market Analysis Target Market Industry Analysis Competitive Analysis Market Strategy Ps of Marketing Price List Selling Strategy Sales Forecast Implementation Strategy Overall Strategy Implementation Control Plan Financial Statements and Projections Revenue and Cost Estimate Forecasted Profit and Loss Statement Forecasted Balance Sheet Financial

Business Plan in Order to Accomplish Our
Words: 770 Length: 2 Document Type: Business Plan

Business Plan In order to accomplish our mission we set forth the following strategic goals, they include: Build the Financial perspective of our business by addressing how shareholders view the firm and which financial goals are desired from the shareholder's perspective. Goals are closely linked to the business lifecycle and must be adjusted over time. For example, in the early stages, our goal is revenue growth, but as the company becomes more

Business Plan Australia Has the
Words: 5150 Length: 17 Document Type: Business Plan

Given the scarcity of lever machines on the market and the unique nature of the niche market, price elasticity of demand is expected to be low. There may not be many prospective consumers, but those who want this product will be keen and are unlikely to be strongly price sensitive. The best price would therefore be at the high end of the range, $1,200. This means that the selling

Business Plan for a Residential and Day Treatment Facility
Words: 3843 Length: 14 Document Type: Business Plan

Business Plan Assisted Living Facilities Residential and Day Treatment Facility Business Plan Residay Home and Residential Care provides assisted living solutions for senior adults. Residay Home and Residential Care is dedicated to making the provision of the highest quality care to senior citizens requiring or desiring an assisted living facility. Residay Home and Residential Care is located in the Tennessee Valley Area of North Alabama and is an alternative to the generally larger

Sign Up for Unlimited Study Help

Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.

Get Started Now