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New Business Strategy. Strategy for Starting the Business Initial Startup
Phase ( est. 1 month) ท Need to make up some sample parts ...
A Business Strategy Typology for the New Economy:IO view,Resource Based View Etc... ...
Wiliford, S. (1997). 'Scorecard': A New way to manage business strategy. ...
... an ongoing process that assesses the business and the ... competitors; and then reassesses
each strategy annually or ... or needs replacement by a new strategy to meet ...
... new customers or suppliers, and creating new ways of selling existing products.
The value chain concept is a useful way to think about business strategy. ...
... This led to creating a new business strategy which involved management teams
meeting together to discuss different strategic outlooks. ...
Submitted by djbren on November 6, 2005
Category: Business
Words: 664 | Pages: 3
Views: 249
Popularity Rank: 44,465
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Strategy for Starting the Business
Initial Startup Phase ( est. 1 month)
ยท Need to make up some sample parts
ยท Decide what types of parts we want to make and how many for samples
ยท Price out the material and buy it accordingly (we will pay for it between the 2 of us)
ยท Go into the shop on a weekend and make the samples up
ยท Research e-bay on the different ways in which we can post them to maximize our money
ยท Research any other means of posting for bids etc.
Research/Investigation Phase (est. 1 month) (based on positive results from the initial phase)
ยท Continue to post on the web, to keep a money flow coming in.
ยท Pay ourselves back for the material bought and invest in some more material
ยท Use the money made from initial phase to buy magazines
ยท Look at the different places that people advertise
ยท Look at the different designs of product out there
ยท Look at the different types of products that we could easily replicate and mfg.
ยท Develop a pricing and cost strategy for the parts we want to focus on.
ยท See if there are motorcycle shows or something where we might go to get marketing ideas and possibly handout fliers and show off samples.
ยท Buy up some more material and make some more parts if we are a little steady from the web.
ยท Investigate shipping and the associated charges of doing business.
ยท Look on payment terms etc.
ยท Do we want to use credit card machines and how accepting credit cards are handled
ยท Do we want to do COD
ยท Do we want to do cash up front
ยท Eventually possibly turning to doing payment terms with distributors?
ยท Look into the web to see any value in a website.
ยท What are the benefits?
ยท What are the drawbacks?
ยท Look to see where else we could get our product out there (possibly through a...
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