Business Plan Proposal Compnay is Foreign Technologies Inc. Foreign Technologies
ID: 336642 • Letter: B
Question
Business Plan Proposal
Compnay is Foreign Technologies Inc.
Foreign Technologies Inc. is Foreign Technologies Inc. is a global tech. company that designs, develops, and sells consumer electronics, gaming console, computer software, online services, and electronic repairs.
After brainstorming and considering several business ideas, prepare a two-page written proposal outlining your idea on the company that shown above, and how you plan to proceed with the project. In the proposal, you should touch briefly on the products/services to be sold, target market, marketing strategy, productions/operations plan, management plan, and financial projections. Obviously, this will be a carefully thought-through proposal, not just a casual assignment.
Write it in your own words
Explanation / Answer
Foreign Technologies can be easily implement the overall working structure into the international markets by using different technological oriented approach is. By moving their system to the social media and developing product portfolio according to the social media platforms and Advertising it across the globe would be very beneficial for the company to create more productive working environment. This type of approach would also enable foreign Technologies to create a better decision making in entry for the different markets. By entering the developing countries like India and China, foreign Technologies can easily increase their overall Global reach. As company is in development of electronic gaming consoles as well as other electronic materials, moving to the artificial intelligence based devices would also be very beneficial for the organisation as it is a trend of today and going to be very effective technological aspect for doing business.
Operational activities should include franchising in different countries by providing the recruitment to the specific location and improving the overall reach of the company in the ground. Operation would require proper logistics systems which would be added by a additional supply chain management system which would be very beneficial for the organisation as it would reduce the overall cost involved in distribution of the product which would benefit the customer in a positive way at reduced prices .
As company is making products which are oriented towards current Technology, foreign Technologies would be targeting on 13 age and above customers. It would enable them to specifically designed the advertisements as well as other targeted communication methods to the target audience which would increase the overall sales and generate better revenues from their products. Best variety of products should be always available in the organisation and design should be made accordingly.
All in all we can see that foreign Technology can invest in current market state by using many investment options such as franchising. this type of approach would definitely enable foreign technology to be more ethical and to do better business.
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