Small business plan Research Paper Example | Topics and Well Written Essays - 1000 words

Small furrow plan - Research Paper lessonPersonal celphone users can be a profitable segment in the merchandise given their sheer size. II. The marketing orientation that the business will come with and why you hurl chosen that particular path. Marketing orientation is an approach to business that centres its activities on satisfying the needs and wants of its customers (Pearson 2008). By following this approach, all the activities of winding Plus Group Ltd will be directed toward customer satisfaction with a customer armed service that is second to none. The key element for a successful implementation of a marketing orientation is to know the customers of a business. Our customers are primarily composed of business people and are responsive to functionality, value and service. With this in mind, our company should strive to satisfy customer needs by forever and a day thinking of ways to source out products that could offer more functionality at a price that is lower than co mpetition. To ensure customer retention, we should also couple it with a customer service (a service center is also offered by the business) that is second none. Implementing this market orientation which is focused on exceeding customer expectation will ensure the companys viability in the industry. III. At least three out-of-door environmental factors that will impact on your market. Given the nature of our business which is engineering based that constantly change at a dizzying pace, we should always be on the lookout for external environmental factors that could threaten the business viability. The following are the three factors that are considered as a potent threat to the business. a) Obsolescence technology innovates and changes so fast that what is in right now could become obsolete in just few months or weeks. Such, we should always be updated about the emerging trends and technology so that the business will be able to appropriately respond to new trends to remain viab le and competitive in the market. b) Tariff lively Plus Ltd market orientation is to give value to its customers. That entails offering functional celphones to customers at a lower cost. If tariff taxes will shoot up, will have an effect on our pricing which will have an impact on our battle. c) Competition If there is any external factor that could directly affect the competitiveness of a business, it would be its competitors. As such, competition should be should always be monitored to ensure that the position of the business in the industry is competitive. IV. Explain the characteristics of the chosen market. The business users segment in the celphone market can be demanding considering that they are aware of the various options and alternatives they have for our products. They know that if they are dissatisfied with our products and/or service, they can always go to the competition. The business segment market also has a greater purchasing power but appreciate getting value f or their money wise to(p) that money saved could be used for other important purchases. They require after sales support for product purchased anticipating the convenience of a customer service should they will have any issue with the product. They are also sensitive to the reliability of the products purchased from us. Time is important to