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Thread: MGT613 ASSIGNMENT no. 1 SEMESTER FALL 2011

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    Icon16 MGT613 ASSIGNMENT no. 1 SEMESTER FALL 2011

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    MGT613 ASSIGNMENT no. 1
    SEMESTER FALL
    2011

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    Q#1:
    In your views what would be the existing vision statement of the company?
    Answer:
    ABC= the name of the company Vision is just like an art of watching the things invisible. The vision of the ABC company is to have such products that are affordable, reliable, safe and environmentally acceptable. This company is is high degree characterized and is accountable for successful fulfillment of their company.
    Q#2:
    Prepare a mission statement for new production plan?
    Answer:
    The mission statement describes the overall purpose of organization. It is the mission statement of ABC company to develop manufacturing resources and to provide a product of good quality to their customers. They conduct their business responsibly to achieve a great financial return which would be balanced with their long term business growth.
    Q#3:
    What factors you will have to take into account to start a new business?
    Answer:
    Before starting a new business you should think about the features of the product which you are going to introduce. You must be very well known that why the customers ill get attracted towards your product instead the product of your competitor. You will need a strong research and development department in this regards.
    Research and development department should consider the following factors:
    Total project cost
    Availability of professionals
    Availability of labors
    Technology
    Economy
    Experience
    Demand in Market
    Capital
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