Tsingtao Beer

Executive Summary Tsingtao’s entry to the Thai market requires a robust project management approach. The project scope includes construction of a beer brewery, and establishing a value chain in Thailand. The technical requirements for the project include the construction of a brewery that can produce three million bottles of liquor monthly.Advertising We will write a custom coursework sample on Tsingtao Beer specifically for you for only $16.05 $11/page Learn More The systems needed for the success of the project includes a change management system, and Project Management Office (PMO), and a risk management system. The project manager is a senior vice president of Tsingtao Beer. The project management team reports directly to the board. The main risks associated with the project arise from Tsingtao’s limited understanding of the business environment in Thailand. Tsingtao Beer Project Plan The Tsingtao Beer company is in the process of expan ding its overseas operations to create new markets for its products. This document examines various aspects of the project plan developed to ensure the success of the new venture. The issues covered in this plan range from the work breakdown structure to project management tools and approaches used in the project. Scale and Scope of Project This project relates to the construction of the facilities for use in beer production in Thailand. A business development team from Tsingtao’s headquarters in Beijing will handle the commercial aspects of the project. The project objectives are as follows. Project Objectives The three objectives of this project are as follows. The first objective of the project is to construct an operational brewery in Thailand with the capacity to handle the demands of Thai Consumers as well as to provide products for distribution in nearby markets. The second objective of the project is to make preliminary business plans for the operations of the brewer y. Major Deliverables Based on these objectives the list below provides the project deliverables associated with the project. A fully functional beer brewery in Bangkok Signed service and maintenance contracts with suppliers Product supply contracts with rice farmers A marketing strategy Licenses, permits and regulatory approvals necessary for brewing operations in Thailand Milestones Table 1 below presents the milestones associated with the projectAdvertising Looking for coursework on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Milestone Indicators Completion of the construction of the brewery in Bangkok This includes the civil works, electrical works, plumbing, construction of access roads and parking areas, and installation of equipment in the brewery Signing of service and maintenance contracts with service providers The company will sign supply contracts with an electrical engineering firm to provide co nsultancy on the electrical design of the facility. It also needs contracts with equipment manufacturers to supply and maintain beer-manufacturing equipment. In addition, the company will require contracts with utility providers such as phone companies, internet service providers as well as the region’s water company. Signing of supply contracts with rice farmers The company should sign sufficient contracts to assure it of a regular supply of rice for the production of beer Completion of the development of a marketing strategy Tsingtao must identify the market segments in Thailand’s beer market. In addition, the company needs a detailed understanding of the competitive environment to develop an effective market entry strategy. Obtaining all licenses, permits and regulatory approvals The company needs several licenses and permits to deliver on the project. It needs a permit from Thailand’s environmental agency as well as construction permits from local auth orities. The company also needs a liquor-trading license as well as a business license to operate legally in Thailand. Table 1: Milestones and Related Indicators Technical Requirements The technical requirements for this project are as follows. First, the project should deliver a brewery with a production capacity of three million bottles per month. The brewery should have the capacity to store up to three months supply of rice to avert any supply shortages. The third technical requirement is that the water supply must be at least one hundred thousand cubic litres per day to support brewing operations. Electricity supply should be three-phase at 415 volts. Speculative Work Breakdown Structure The speculative work breakdown structure for this project is as follows. 1. Brewery construction 1.1 Architectural planning 1.2 Land surveyAdvertising We will write a custom coursework sample on Tsingtao Beer specifically for you for only $16.05 $11/page Learn Mor e 1.3 Obtaining of construction permits and regulatory approvals Obtaining construction permits Obtaining permits from the environmental management authority 1.4 Retaining contractors Retaining architectural contractor Retaining of electrical engineering contractor Retaining of mechanical engineering contractor Retaining of civil engineering contractor 1.5 Construction phase Construction of foundations Constructions of external and partitioning walls Roofing Installation of brewing equipment Interior design 1.6 Handover of construction project to the company 2. Marketing strategy development 2.1 Marketing research 2.2 Market analysisAdvertising Looking for coursework on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More 2.3 Market segmentation Identification of market segments Choice of market segments to serve 2.4 Branding decisions 2.5 Development of marketing objectives 2.6 Action plan 3. Business process contracts 3.1 Identifications of rice suppliers Prequalification of suppliers by projected volume of production Prequalification based on the quality of rice produced Qualification of suppliers Signing of supply contracts 3.2 Identification of product distributors 3.3 Obtaining trade licenses from government Obtaining general trade licenses 3.4 Obtaining permits from alcohol regulators Obtaining of liquor trading licenses 3.5 Environmental assessment Retaining an environmental consultant to conduct an environmental audit Presentation of report to environmental authority for approval 3.6 Identification of service contractors Identification of electrical engineering services contractor Identification of mechanical engineering service contractor Systems to Ensure Project Success The sy stems needed for the success of this project are as follows. The Project Management Office (PMO) Tsingtao usually implements various projects concurrently. Usually these projects relate to marketing, product development and streamlining of business process. Tsingtao found it wise to establish a full time PMO to handle project management functions in the company. The PMO will provide the project management team in charge of the Thai expansion project with decision support and oversight to ensure that it meets all the required project management standards. Change Management System Change management is a vital part of project management. The change management system for this project has three aspects. First, it handles the chance that a senior project manager may leave the company at a critical stage of the process. The strategy in place is to ensure that every senior project manager shares responsibilities with a highly capable assistant who can provide continuity in case of staff cha nges. Secondly, the company has retained lawyers in Thailand to keep an eye on the legal environment to ensure that Tsingtao enjoys the benefits provided by any new laws affecting foreign investments, and avoids the pitfalls associated with business in Thailand. The third aspect of Tsingtao’s change management strategy is keeping an eye on the business aspects of the project. This includes observing changes in the tastes and preferences of the Thai consumers as well as the availability of supplies. Project Control System The project control system in place has two main aspects. First, the company gave sufficient space to the project management team to handle all issues relating to this project. This team reports directly to the board of Tsingtao. Secondly, the PMO and the Internal Audit Department of Tsingtao provide immediate oversight of the activities of the project management team. Reports by the PMO and the Internal Audit Department form the basis of discussions of the p roject management team’s activities at the board. Risk Management System One of the main duties of the project manager is to keep track of risks that may affect the project The project management team has a risk matrix that forms the basis for risk identification and management. This risk matrix makes it easy for the project management team to identify risks to the project through regular reviews. Every week, the project manager submits a report that contains a risk appraisal of the project based on the risk matrix developed for this project. Project Collaboration One of the biggest challenges that every organization faces when it comes to project management is how to achieve collaboration across various business units. The nature of projects is that they usually require the input of various departments in ways that do not conform to the established organizational structure. A project management committee can function as a separate organization within the organization. In ord er to reduce the risk of dysfunction in Tsingtao’s Thailand project, the company took the following measures. First, the company assigned one of the senior vice presidents the role of project manager for the Thailand project. This VP will be the first president of the Tsingtao’s’ Thailand brewery. The Board felt that making this VP the project manager would give him the opportunity to understand the Thai business environment. Secondly, the board decided to reduce red tape in decision making by making the project management team directly answerable to the board. This makes it easy for the team to make decisions independently away from the bureaucratic processes that plagues many business decisions The board only tracks the overall performance of the team in regards to the objectives of the project. The third aspect of this project is that the board enlisted the help of the Internal Audit Department to keep an eye on the expenses of the project. However, the audit team can query expenses that fall out of expectations. The Internal Audit Department, then reports its findings to the board for further action. The PMO on the other hand analyses all reports presented by the project manager on behalf of the board. The board then makes decisions based on the reports presented by the PMO and the Internal Audit Department. Role of Organizational Culture in Project Success The organizational culture of Tsingtao is playing a very important part in the development of this project. Internally, Tsingtao has a global mindset because of its international clientele. Tsingtao works well with people from other cultures in its marketing chain. The company’s German heritage gave it an international focus on business. The company does not look at itself as a Chinese company, but as a brewery operating in China. This explains the decision by the board to move some operations to Thailand in order to serve its customers better. Despite the internal perception of the company’s identity, the company operates within a Chinese cultural context. One of the visible impacts of Chinese culture in the operations of the project management committee is the choice of the senior VP to head the Thai project. The Chinese culture stresses seniority when it comes to promotions and during hiring. In addition, staff members hold seniors in high regard because of the cultural heritage of the Chinese people. The board is sure that the senior VP will have complete control over the project because of the respect the other project team members accord him. In addition to these cultural aspects, the Chinese power structure usually works around centralised controls. The senior VP is an organizational insider. The board is therefore comfortable with him at the helm of the new operation. The Iron Triangle The success of this project depends on the ability of the project team to deliver it within the scope, cost, and schedule. The scope of the project is non- negotiable. The project management team must deliver the project exactly as designed for it to meet the project’s objectives. On the question of cost, the team can find cost effective options in the design of some aspects of the project. For instance, the project management committee can find large rice suppliers and sign supply contracts with fewer people. This option will save on the cost of organizing large-scale meetings with many smallholders. However, the company will need time to find these cost effective options. The schedule of the project is flexible and is not entirely in the hands of the project committee. For instance, the company cannot force the Thai authorities to process permits faster than usual. The company must wait for the authorities to act. ICT Resources Assessment The three main types of ICT resources useful to this project include project management software, teleconferencing facilities, and internet banking. The project committee needs project manage ment software to schedule tasks and to keep track of progress. The project can also benefit from collaboration software to ensure the team is in touch at all times. This will cut the costs of physical meetings and will save time. The project management team and the board can have meetings via teleconferencing facilities. This will cut out the need to travel between Thailand and China for board meetings. This will also save on time and cost for the project. Thirdly, the project management team will benefit from the internet banking facilities because of the need to transfer funds between China and Thailand to finance the operations of the project. Currently, there are many options available for international funds transfer. Some of these options require regulatory approval. Retrospective Project Plan The diagram below shows that network diagram and the critical path for this project. Figure 1: Network Diagram The tasks, detailed in the network diagram are as follows. The tasks liste d in red show the critical path of the project. Start Architectural planning Land survey Obtaining of construction permits and regulatory approvals Retaining contractors Construction phase Market analysis Market segmentation Branding decisions Development of marketing objectives Action plan Identifications of rice suppliers Identification of product distributors Obtaining trade licenses from government Obtaining permits from alcohol regulators Environmental assessment Identification of service contractors Handover of construction project to the company Marketing research End Risk Management Plan Risk Identification Risk Assessment Risk Control Strategy Risk Communication Cost risks Project costs exceed projected budgets The Internal Audit Department informs project team of cost overruns Strict budgeting practices Careful monitoring of expenses Internal Audit Department to send audit reports to project teams at least weekly Project team to communicate any projected overr uns to the Internal Audit Department and the Board. The arising of unplanned expenses The project management team finds required expenses that are not included in the project budget Project team carries out projections to determine beforehand the risk of such expenses arising Project team communicates to board for approval of funds Project team communicates with the Internal Audit Department on risk Schedule risks Delays in licensing Project team finds out in the field that licensing takes longer than planned Find out from chambers of commerce, and from other Chinese firms in Thailand how long it takes to process licenses Project Teams to communicate risk to board Delays in funds transfer Delays caused by regulators to approve the transfer of funds to Thailand Apply for all necessary approvals in advance Communicate to the board need to early application for funds transfer approvals Delays in delivery of project components by contractors Contractor reports to projec t team about delays in delivery of the project Allow delays in the project plan deliberately so that slack covers any delays Carefully track the critical path Project team to communicate to the board about any delays Scope risks Need to expand scope of works to cover unforeseen construction needs Project team receives reports from contractors about the need to expand the scope of works Carry out evaluations of all processes to identify any emerging risks Communicate to board any projected expansions in scope of works Table 2: Risk Management Plan Evaluation of Project Tools and Methods The following table summarises various project management tools and methods, alongside their benefits to this project. Tools and Methods Benefits to the Project Microsoft Project Software Microsoft Project is beneficial in project scheduling and monitoring. It is also beneficial in resource planning and tracking. It also helps in the development of Gantt charts and network diagram s. PMO The PMO will help in the maintenance of project standards Work Breakdown Structure The Work Breakdown Structure lists all the lowest independently manageable tasks required to deliver the project. Iron Diagram This diagram is useful in conceptualizing and managing project constraints Risk Management Matrix The Risk Management Matrix helps in risk identification and in developing a risk management strategy. Network Diagram The Network Diagram is useful for showing how tasks relate to each other and in identifying the critical path of a project Table 3 Assessment of project management tools and methods Conclusion This success of the Tsingtao project in Thailand will depend on the use of robust project management tools and methods. The project enjoys strong support from the Tsingtao board, which is a critical requirement for the success of any project. However, the project will require careful implementation because of uncertainties inherent in establishing a new business in an unfamiliar business environment. Reference List Ali, D Al-Aali 2011, Strategic Management, Pearson Inc., New York. Arson, EW Gray, CF 2011, Project Management: The Managerial Process, McGraw Hill International, New York, NY. Chow, GC 2007, China’s Economic Transformation, Blackwell Publishing, Oxford. Chumo, L 2011, Financial Risk: Key Fundametals and Case Studies, Strathmore University Press, Nairobi. Cole, GA 2003, Strategic Management, Cengage Learning, Mason, OH. Dixon, DR 1999, ‘The Behavioral Side of Information Technology’, International Journal of Medical Informatics, vol 56, no. 10, pp. 117-123. Hill, C Jones, GR 2009, Strategic Management: An Integrated Approach : Theory, Cengage Learning, Mason OH. Holmes, D 2005, Communication Theory: Media, Technology, and Society, SAGE, London, UK. Kerzner, H 2010, Project Management : Best Practices – Achieving Global Excellence (2nd Edition), Wiley, Hoboken, NJ. Klastorin, T 2003, Project Management: Tools and Trade-offs , Wiley, New York. Meredeth, JR Mantel, SJ 2011, Project Management: A Managerial Approach, 8th edn, John Wiley and Sons, Hoboken, NJ. Phillips, J 2010, IT Project Management, McGraw Hill Professional, New York. Pratali, P 2003, ‘Strategic Management of Technological Innovations in the Small to Medium Enterprise’, European Journal of Innovation Management, vol 6, no. 1, pp. 18-31. Walker, DM, Walker, TD Schmitz, JT 2003, Doing Business Internationally: The Guide to Cross-Cultural Success, McGraw-Hill Professional, New York, NY. Zhu, Z 2010, China’s New Diplomacy: Rationale, Strategies and Significance, Ashgate Publishing, Burlington, VT. This coursework on Tsingtao Beer was written and submitted by user Analia Boyer to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Panofskys views on Van Eyck essays

Panofskys views on Van Eyck essays Panofskys purpose in writing this article was to identify a painting discovered in Brussels in 1815 (referred to as the London portrait) as the portrait of Geovanni Arnolfimi and his wife Jeanne de Cename, painted in 1434. Panofsky uses historical documentation and iconography to prove his point. Because a paintings value can be enhanced by its historical significance, it is important to discover its background. Identifying a painting from several centuries ago is not easy. Because there is no photocopy available, we must depend on physical descriptions provided by others for recognition. Only paintings possessed by rich or historically significant people would be described in inventories or letters saved over hundreds of years. Wars often brought destruction and chaos, destroying historical documentation. Panofsky traces the provenance of this picture to provide a logical argument that the London portrait could be the Arnolfimi painting. He carefully documents the historical journey of the Arnolfimi painting, providing a continuous list of ownership from Don Diego de Guevara of Spain in the 1500s to Charles III in 1789. This careful documentation is to prove that the Amolfimi painting was still listed as being in Madrid in 1789. The timing of its disappearance and the subsequent discovery of the London portrait in Brussels in 1815 could easily be attributed to the chaos caused by Napoleons conquering of Spain during the lost time period. Since written documentation is often used as proof of historical happenings, it is very important that the content be interpreted correctly, within its historical context. Because a language translation can easily twist the contents meaning, scholars usually provide a quote in the language of its origin. In Panofskys era, most research scholars were fluent in German, French, and Latin. Today fluency in English is ...

The Growth of Technology and Humanity Essay Example | Topics and Well Written Essays - 1000 words

The Growth of Technology and Humanity - Essay Example For instance, when placed in juxtaposition with Ong’s consideration of writing as technology (p. 21), it could be considered in a sense that indeed, technology exceeds our humanity. Printed materials portray differing ideas of educated people which would be much appreciated have they been healthy but the sad thing is, papers also serve as battle fields. Words are exchanged in papers that infuriate authors, pens are used to destroy other people and make libelous claims. Television is also used as a means for this purpose where lawyers talk against their fellow lawyers, for instance if only to show who is more intelligent, politicians destroy each other with their words over radios, TV and the internet and the desire for fame and glory overthrows one’s education and sensibility. Speaking of arguments in written form, sometimes they are unintentional and are not directly written to be argumentative rather informative however would present problems to the reader when the su bject matter portray conflicting accounts as was encountered by Tompkins. In her search for the history of Indian Americans, she read different authors which consequently placed her in a quandary. This is usually what happens to audiences of what was mentioned earlier, in the case of arguments presented in the media whether written or through television or internet. On the other side, technology also informs and encourages people to be observant, critical and ever watchful. In the case of the aforementioned writer, her quandary brought her to an in-depth study of the written words of the authors she read which eventually gave her a deeper understanding of their narrations and the differences in their accounts which allowed her to be more open minded. This could prove Ong’s philosophy that technologies are not mere exterior aids but also interior where there is a transformation of consciousness that occurs (25). In a person’s search for truth with the various informatio n that technology brings, when one is vigilant enough to use technology to his advantage, as it may be separate from a person, yet one cannot deny the fact that it affects one’s decisions and reactions. Had Tompkins simply choose to believe the author of her preference, the one whose views was to her liking, there would not have been a growing experience that she encountered in the process. An illumination about a problem occurred, about a problem which she thought was solved long ago but without the reading materials, without technology, she would have never discovered that her problems were not answered after all but were simply hidden. Technology has always been a part of human beings and it probably will increase in its use as people depend on it more and more. This brings the fear that whatever humaneness was left during the time of Einstein might be lost forever with the rapid improvements made on technologies. If televisions were appreciated only when one got home to s it in the living room to enjoy it, now, one could watch movies anywhere and anytime. Laptops and notebooks now come handy and they bring more than what the television offers so that more time is spent on it as compared to the time spent in front of the television. Cellphones are now affordable that even children have access to such machines, engaging them with activities that add to the information they learn in school. However, when one looks around, could there be any

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International business - Movie Review Example Among those victims is a senior risk-management executive, who was working on a major analysis just when he was let go. As the person is leaving he hands a USB drive to an analyst who works late in the night. The data on the usb disturbs him and turns out to be first rumbling of the storm. He unlocks information that could prove to be the downfall of the firm and further finds out that both the market and the company are about to crash. On this he calls his seniors and colleagues in and informs them about the companys financial disaster which follows an emergency meeting and a long panicked night until dawn when the owner of the company John Tuld arrives. The owner is informed of the financial crisis which the company was facing over the past 40 months the company have packaged a series Mortgage Backed Securities (Mbs) into one tradable commodity. The idea was quite profitable but it requires a month to layer the products that is, they have to hold the products for a longer time than desired and they are based on mortgages and risk is elevated. The company’s (MBS) have decreased by 25%, and that was the rate at which the losses will exceed even the current value of the company. The company based on historic patterns, had exceeded their levels of volatility that is their historic volatility has exceeded the limits. They were already facing the crisis as the company has broken through for the past 5 days. The owner was told it will take weeks to clear the problem and if they stop buying it will be noticed and they were left with 60 traders only. The owner inquires how bad the situation was and he was told that the company was al ready in a crisis, the young analyst also informs him that him if the assets were to be decrease by just 25%, it will exceed the value of the company. The decision made by the owner was to

“Of mice and men is a novel that presents both the barbarity and the beauty of human nature” Essay Example for Free

â€Å"Of mice and men is a novel that presents both the barbarity and the beauty of human nature† Essay I agree with this because Steinbeck shows barbarity in the characters. One example of this is when Lennie kills Curley’s wife by accident. I know this because it says â€Å"he quickly becomes excited and holds on too tight, frightening her Lennie panics and clamps his strong hands over her mouth to silence her† This is effective because Lennie doesn’t realise that he’s killed Curley’s wife by stroking her hair but it shows that his actions were cruel and his chances of his American dream has been ruined. The words â€Å"holds on too tight† shows that Lennie had got over excited while touching/stroking one of his favourite things and he doesn’t realise that he’s held on tight and can’t restrain himself from letting go of her hair. The word â€Å"panics† shows that Lennie didn’t know what to do as soon as he heard her screaming so he couldn’t help but keep holding on to her. We can tell that Lennie doesn’t choose to be barbaric towards people but due to his simple mind he just can’t help it. Another way we know Lennie is barbaric is because of his animalistic side, Steinbeck uses the deaths of the small animals to show that despite loving to stroke nice things, he ends up killing them. Steinbeck also shows the beauty of human nature in the Novel. Examples of this is when Lennie constantly gets compared to animals with his actions. I know this because it says â€Å"He walked heavily, dragging his feet a little, way a bear drags his paws. His arms did not swing at his sides, but hung loosely.† This is effective because Lennie is being compared to an animal, a bear. A massive, sometimes violent creature. The word ‘hung loosely’ shows that he was simple minded in everything he did so he didn’t really think about the things he did. Another word ‘the way a bear drags his paws’ shows that he was compared to a bear because of his strength and movement. Another quote would be â€Å"His huge companion dropped his blankets and flung himself down and drank from the surface of the green pool; drank with long gulps, snorting into the water like a horse. The small man stepped nervously beside him† Lennie being compared to an animal b ut this time, a horse who has to be kept from drinking too much water. It at least shows that he has some responsibility to control the natural world. Another way Steinbeck shows barbarity is with the character Crooks. He gives Crooks’ character a hatred towards the men in the ranch. I know this because it says â€Å"Crooks said sharply, You got no right to come in my room. This heres my room. Nobody got any right in here but me† This is effective because it shows that Crooks didn’t like the other men because of the way they treated him so he has to be barbaric to them. The word ‘sharply’ shows that Crooks actually meant what he said although Lennie was being nice, it could also demonstrate that he wanted to take out his anger to Lennie because he realised Lennie wouldn’t understand what Crooks was actually saying to him. The word ‘nobody got any right in here’ shows that he wanted treat them the exact same way they treated him in the ranch. Crooks is barbaric because he was treated that way so he might aswell treat the others the way they’ve been treating him. In conclus ion I think Of mice and men does present the barbarity and beauty of human nature because the characters always had two sides to them whether they were happy or not so it did make the novel very interesting to read.

Corporate and Individual Social Responsibility :: Social Responsibility Essays

Social responsibility is a moral principle of an entity, be it an organisation or individual, to act towards betterment of society at large. It is a duty that every firm and individual should perform so as to maintain the balance between the environment and economy. Their actions should lead towards sustainable development so as to safeguard the interests of the coming generations and at the same time fulfilling the needs of present population. The responsibility can be active, by performing activities that directly advance social goals, or passive, by avoiding any engagement in socially harmful act. Individual social responsibility is the responsibility of every individual for his/her actions. It is moral responsibility that everyone should act in such a way that they do not affect people around them. Every individual should be committed towards upliftment of various social causes. Individual, instead of fiving importance to material means should focus on welfare of others, Individual social responsibility can only function if individual rise above the self-interest and opt for options which will benefit a large number of people. Every individual can make a small contribution to society be it any form- from saving natural resources to doing charity. Corporate social responsibility is the commitment by business to behave ethically and contribute to economic development while improving the quality of life of workforce and their family as well as the local community. It helps in forming the positive image of the company. Corporate social responsibility considers the impact of the company’s action on society. Many critics of CSR are of viewpoint that it dilutes the primary aim of business and restricts the free market goal of profit maximization. Limits the ability to compete in a global marketplace. Though critics may be right in their place but CSR gives company a chance to address social issues caused by business and allow business to be the part of the solution.

Formal Report Essay

Electronics about Building a Website for the Company Proposal to build a website for S-N-F Electronics to increase sales and saving money with-in the company. S-N-F Electronics TITLE Team E: Keith Henningsen Heather Mapes Tyler Nooney 14 April 2013 Memo of Transmittal for Research Report Transmittal Correspondence TITLE TO:Management of S-N-F Electronics FROM: Team E (Keith Henningsen, Heather Mapes, and Tyler Nooney. ) DATE:April 14th 2013 SUBJECT: Transmittal for research on establishing a website This is a follow up to see how our first proposal sent on 17 March 2013 . The company still feels that it is extremely important to have a website in order for our revenue to increase, also to keep our clients happy. Customers in this day and age are all about speed†¦ the faster and easier it can be done the better! Since this is the way it is now, we need to keep up with the ever-changing world of business. In order to do this successfully the company feels we can achieve this with something as simple as a website. We have been losing out on profits and clients to companies that are keeping more current with the times. In order to actively compete in the ever-changing business world, we will need to give our customers whatever it is they need, and what they need is convenience. A lot of people these days don’t have time to get on a phone and wait to go through the channels they need to to place an order and write down addresses and dates. For example, a client company might have people on phones and computers all day, so instead of having to hold incoming calls and waste time, all they’d have to do is go onto our website and quickly put down the information and in a couple of business days their order arrives! Most everybody nowadays has some sort of device that can access the Internet. By having a website we will be accessible to everyone who either has access to Internet or access to a phone. Plan of Action So long as the management agrees that a company website will be beneficial and worth creating, our team can start with the actual building of the website. We have drawn up what the website will look like and how exactly it will function. After we create the IP address all that is left to do is for our team to input the data and format we have already have lain out and we can be head to head with our competition in no time. We’ve projected the entire process to take no more than 7 business days to have the website up and ready to start doing business, so it will be a speedy and efficient transition into the Internet age. Summary People from all walks of life and all different professions write some sort of formal report. A formal report is necessary when a company is proposing an idea that the company would like to be funded for. The proposal in most cases is to benefit the company. In our situation we feel this would substantially benefit our company. S-N -F Electronics is proposing to get a website up and running. We have taken a survey within the company and all have agreed that establishing a website will be extremely beneficial. The only way as of right now for our clients to place an order is to make a phone call to our business and that right there was enough for people to put off ordering till the next day, or the next day, then they might forget. A lot of people do not have time to sit on the phone and wait on hold for the next representative. If we have a website we would be able to accommodate the people who are not computer friendly and also the busy people who would like to jump on the website and place a quick order. Our goal is to make all our clients happy and wanting to come back! Obstacles The only foreseeable obstacle that we have to overcome has to teach the employees how to work using the new system. Transitioning employees from taking orders through the phone to taking orders online as well may be challenging for some, so we have a plan to prevent this from occurring. In the final stages of development we will bring the employees in that will be using the new system and allow them to see every component that goes into working with the website. If they can see how it will work firsthand, then it will be more likely that they will take to the new system with greater ease and be ready to work as soon as the website is officially up. Conclusion As we have stated, our team is ready to get a company website up and running, so we hope that you agree with our reasoning. As soon as the company in its entirety can agree with having a website to work with, S-N-F Electronics can begin profiting from the use of the Internet as a means of processing orders.