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[vu-students] MGT613 Assignment#01 Solution check it



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From: Truth Expose <yeahtruthexpose@gmail.com>




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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TrUth ExPoSe




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