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Put together a new company analysis. The first step in analyzing your company requires a stated mission and vision statement, market research to identify potential
Put together a new company analysis. The first step in analyzing your company requires a stated mission and vision statement, market research to identify potential customers, and an internal and external environmental scan. You can choose any company of your liking.
- Determine a name for your company.
- Put together the company's mission and vision.
- Analyze your potential internal and external environment through an environmental scan using secondary data.
- Examine the most recent annual reports of at least 2 competitors, and summarize their operations for use in the environmental scan.
- Illustrate your new company's forecasted revenue and expenses for the next 3 years.
- Discuss the social complexity of your product.
- Put together a survey (primary data). To do so, draft a page sample survey. The survey should focus on whether the company has the right target market for its products. Your survey must include the following elements:
- Closed questions regarding the perceived market opportunity (e.g., is it worth the while?)
- Open or closed questions on how to design a product to ensure its appeal to your target market (e.g., what should it do or look like to make it work?)
- At least 3 qualitative and 3 quantitative questions
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