¶ … Integrated Business Plan
Brief Outline of the Business Venture
Organizational Issues and Expansion
Legal Issues and Expansion
Business Strategy
Technology
Financial Competitiveness and Expansion
Allocation of Funds
Pro-forma Cash Flow
Net Present Value
Internal Rate of Return (IRR)
Profitability Index (PI)
Payback Analysis
Marketing/Sales and Expansion
Marketing Mix Analysis and Expansion
Mediums of Marketing
An Integrated Business Plan
Management is basically a synergy of four elements i.e., planning, organizing, leading and controlling (Chris & Alan, 1999). The essence of management and its particulars are very important from the perspective of an organization. Businesses and business organizations are the heart of an economy as they have a direct relationship with the long-term fragility of an economy (Chris & Alan, 1999). The basic purpose of company is to earn money and increase profit with the help of different provisions. The ratio of profit for the company is based on the level of investment. To increase profit the company should decrease operational expenses.
It is not a piece of cake to establish a business as it requires lots of research and planning as well as finances to do that. The term establishment has two different meanings in business; one is the establishment of a new business while other is the further establishment of an already established business (Chris & Alan, 1999). Further establishment is also termed as expansion of the network of the business.
Section-1
Brief Outline of the Business Venture
Today the entire world has entered into the era of globalization wherein a single effect in one business ultimately affects whole economy. The purpose of the current assignment is to create a business plan for the expansion of one store into two stores. For this purpose the researcher has discussed the concept of expansion followed by a brief description of the venture and then the actual business plan.
Chris & Alan (1999) stated that there is no better way then a business plan in expanding or establishing a business (Chris & Alan, 1999). The current assignment is a detailed description of a business plan discussing how one store will be expanded into two stores. This is a general store where items like sandwiches, newspapers, snacks, beverages and bottles/Cans are sold. The business plan will assimilate and articulate all the financial, organizational, marketing/sales, legal and IT aspects of the venture. The assignment is bit tricky in nature so there is a need to follow a step-by-step (SBS) approach.
Businesses have been made to earn the economic surplus and mitigate the expenses. There are numerous ways in which a business can increase its net worth. As stated above, establishment occurs in two ways, new business establishment and further expansion. Basically the business which has been selected is a General Store in which different general and edible items are presented for sale. It is a small retailing business in the lobby of a large office building. The current store occupies a space of around 1000 square feet.
The business is located in a large residential building where large numbers of tenants live, so the store keeps those things in the shop which can be used by the tenants. These things include newspapers, wrapped sandwiches and many more. As the store is doing good business in terms of sales and revenues and there is opportunity ahead as a new building is being built few two block away from the current building so the store is planning to expand its business. For this purpose the store is planning to open up new franchise in the new buildings.
Following is a detailed discussion of the organizational, Information Technology, sales, legal, marketing and financial aspects of the business plan...
Organizational Issues and Expansion
Chris (1999) stated that majority of the professionals, officials and analysts consider that organizations have been made to increase the level of surplus and mitigate the expenses (Chris & Alan, 1999). An organization can not increase the level of its revenue by sticking to the current level of business. Hence, expansion is the most important strategy to increase the profit from an organization perspective of an organization. There can be numerous issues which need to be addressed during the expansion phases of an organization (Guy & Emma, 2006). The major issue which usually arises during the expansion is the hiring new staff for the new franchise. The business which we have pursued is not a large one and as in the current store, we have two employees working so with relative to this another two employees will be required for the new store which then may be increased with the...
Introduction and brief description of the venture Introduction This business plan delineates a propositioned venture to undertake the expansion of Buster’s from a one-store business operation to a two-store business operation. Description of the business Buster’s is a small retailing business situated in the lobby of a large office building that involves the selling of mixed bag items. The products offered by the business includes items necessitated by occupants of the large office building,
To reduce inventory management costs and errors, enterprise must form a strong, galvanizing connection with suppliers, buyers, internal production, and customers most of all. In conclusion, inventory management will always be part art and science, as tacit & implicit knowledge is needed to provide greater insight into the analysis generated fro enterprise software applications specifically designed to streamline inventory management. The inherent unquantifiable aspects of demand management will also
"30% of Kmart's shoppers did not have bank accounts." But "Target is focused on a family of four earning $50,000 a year," in contrast "Wal-Mart's customers make $40,000 a year. Kmart's make $32,000. You tell me which chain is more attractive in the long run." (Mitchell, 2004) Not only are Target's consumers more able buy big-ticket items, but also more affluent consumers are more apt to make impulse buys. Target
One of these strategies relies on integrating services into manufacturers' products. In order to be successful at implementing such a strategy, certain factors must be taken into consideration. The most important factors that must be taken into consideration by manufacturers in the service integration process are probably availability and customization. Basically, availability is represented by time and location. For example, through service integration, the delivery activity has been modified. Many companies provide a 24/7 service for their customers
For example, Mavis will be able to provide white linen assortments in the Miami, Florida area while eliminating the offering altogether in its Gainesville, Florida store. This allows the strategy to mitigate gaps in communication or overall service. Finally, the Bullwhip effect leads to many financial costs which are both tangible and intangible (Mason-Jones, 2000). Those in the supply chain must deal with the ramifications of poor customer service,
Organization Behavior ASDA Stores Business ASDA ASDA Stores is a large scale retailer in the United Kingdom. It has grown over the decades by regularly expanding its business operations all over the country. Currently, ASDA Stores is present in more than 564 locations and offers a wide array of grocery items, general merchandise, and financial services. The business operations of ASDA Stores are affected by a large number of environmental factors. These factors
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