Blog: Mgt613 Assignment No. 1 solution

Opening Date and Time

April 11, 2011 At 12:01 A.M. (Mid-Night)

Closing Date and Time

April 15, 2011 At 11:59 P.M. (Mid-Night)

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Assignment No. 1 Marks: 20

ABC Company is manufacturing leather bags; the company is going to start a new business of producing baby toys with its existing business. You have been appointed as operations manager of the new production plant. You have to fulfill the following tasks:

1. In your views what would be the existing vision statement of the Company. (5)
2. Prepare a mission statement of this new production plant. (5)
3. What factors you will have to take into account to start the new business? (10)

Note: Vision statement and mission statement should not exceed from 2 to 3 lines.

The solution of the whole assignment should not exceed the limit of 400 words.

SOLUTION:

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