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

Small backing plan - Research Paper ExamplePersonal celphone users can be a profit qualified subdivision in the market given their sheer size. II. The marketing orientation that the stage business go away follow and wherefore you have chosen that particular path. Marketing orientation is an approach to business that centres its activities on satisfying the need and wants of its guests (Pearson 2008). By following this approach, all the activities of Mobile improver Group Ltd will be directed toward customer satisfaction with a customer service that is second to none. The key element for a successful murder of a marketing orientation is to know the customers of a business. Our customers atomic number 18 primarily composed of business spate and are responsive to functionality, value and service. With this in mind, our company should strive to satisfy customer needs by always thinking of ways to source out products that could offer more functionality at a bell that is lower than competition. To ensure customer retention, we should also couple it with a customer service (a service core is also offered by the business) that is second none. Implementing this market orientation which is focused on exceeding customer panorama will ensure the companys viability in the industry. III. At least three external environmental factors that will have-to doe with on your market. Given the nature of our business which is technology based that constantly convert 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 viable and competitive in the market. b) Tariff Mobile Plus Ltd market orientation is to give value to its customers. That entails offering functional celphones to customers at a lower cost. If duty taxes will shoot up, will have an effect on our pricing which will have an impact on our competitiveness. 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 prise ge tting value for their money knowing that money saved could be used for other master(prenominal) 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