'Business Essay\r'

'A. 1. As I began my journey as a naked barter owner of a figurer fraternity I needed to congeal my attach to’s goals, decide which explosive charge I valued to take the corporation to and create a mission contention that exit shell represent my keep company. Since the company was sassy I needed to do it up with something catchy and promising that would ingest potential customers to find out more(prenominal) about the products we offer. Since there were more break-danceicipants in this game and from my professional experience I learned that staying on the compar suitable manner and qualification advancements is more beneficial than seek to adjustment directions ein truth time.\r\nIn this issue I remained foc utilize on the same cardinal groups for the remaining 3 plays. instead of changing and adding more products every living quarters like around of the other participants I kept my two models (one for every destination(predicate)(prenominal) gro up) and shake off necessary corrections and modifications based on the trade needs. I verified the requirements of each group, the priorities and the price range each client is willing to pay. Since there be no specific techniques used in this part of the business analysis I used my own judgment in making reliable that I create the best product with the items that are most alpha to the potential client group.\r\nAs declared above I initially created two products (one for each group) and after the first fine-tune of drinks they both passed 70% besides in the scientific group it was non chosen as one of the best. In the sulphur round I was given an selection of reviewing products of my competitors and the only difference was the huger monitor and an upgraded keyboard. I added those options to my products and in the next round both products did very well. I had to brand name real that in the nest round I keep up with the new upgrades and add them to my products to le ad sure that I keep up with the new technology. sluice after making the upgrades the prices did non change a plow and the two groups assuage chose my product as one of their choices and my products were receiving nose candy% in both categories.\r\nOut of all the categories my market performance would produce larger results if I was non panicked in estimating more clients and produce more computers in both categories. Every quarter I ended up loosing clients and sales due to shortage in inventory. My market performance, marketing effectiveness and human resource way remained slightly low eventide though I was very close to my competitors. As far as my salary packet I paid my employees the most but I only contributed 2% of their salary versus 5% that everyone else was contributing. I believe that salary is more important than the retirement ploughshare. I upgraded health benefits but kept the contribution the same.\r\n2.I would not change the targeted markets I invol ve selected because my decision was a success. I wanted to make sure that my company will turn all over balance between spunky paying clients and not as overmuch entreat and those where the profits are not as senior mettlesome but the demand is much high. My analogy was right on target because with the Mercedes I was making higher profit but the number of machines was not as high as the market for general universe where the profit was importantly lower. After being chosen by both markets as a like factory I had to make sure that I am keeping up with current technology and by adding additive features the price difference is not likewise high so that I would jobless my lower profit clients. With that business subject I was able to survive my rival and climb up to the top.\r\n3.When it get under ones skins to the sales locations I selected I believe that I devote done enough research to make a advanced decision. Since I progress to chosen Mercedes for scientific co mputers and general public I wanted to make sure that I cover United States since Mercedes chiefly operated in the US and their main headwaters are in Germany. Therefore I chose NY as one of the first offices along with France in Europe. My next choice was Tokyo since they have the most advanced technology and I can use that as my selling point to generate more business. My last choice was sulfur America even though the expenses were not as high but it is less demanding since the poverty is significantly high. As expected, choosing my locations in this order was a success.\r\n4.Marketing research could definitely be modify since I was not as flourishing as I was hoping to be. Most of my business was coming from direct sales and not as much from other advertising. I did not want to set up large amounts of money on the popular magazines since the wages was very high and I was concentrating on more common papers such as Science Magazines and business papers. maybe I should ha ve been more gallant and invest in more popular magazines but I was afraid that I would suffer monetaryly. Also I was not able to come up with a very catchy advertising draw in to attract potential clients and was scoring middling low on the advertising review.\r\nB.One of the most important decisions I made was to invest in international markets. Since Mercedes is from Germany and its factories are in the US I felt as investment cash in hand in a European market would be a good idea simply because I come from Europe and I know that Mercedes is in demand as well as there are a lot of companies in need of a super developed machine that can make their discoveries and creations a lot easier. I was a olive-sized hesitant about first step offices in Tokyo since their technology is very advanced and cost is very high. but because of that I decided to stand with competition face to face and use this to my advantage.\r\nBy creating same quality machines for a little lesser cost I was able to survive and beat most of my competition. mho America had smaller expenses but the demand was not very high dole outing the high number of less fortunate individuals. If investing in the international markets required large funds I would concentrate on the US market and possibly South America. Unless I discovered high lapsing and my investment would not affect my company’s future I would consider this option.\r\nThroughout my entire game I was very cautious and I was afraid of heavy investment simply because my funds were very limited and I did not want to jeopardize my company over greed and quick wealth. After reviewing my financial reports I was able to determine if additional investment is possible and how my this would effect the company overall. Heavy investment would depend on how the financial statements looked, careful review of the international markets and position of the company in the world-wide market. If the company would not be as successful at the end of the fourth quarter as I wanted it to be I would most in all likelihood find another route to fan out my borders.\r\n'