Assignment 1: Proposal
Due Week 3 and worth 210 points
Note: Refer to scenarios and readings from previous weeks in order to complete this assignment.
Imagine that you just created a new start-up company. You want to compete in the growing industry of drone navigation systems. VectorCal is the only major company in the field. You also want to be a leaner, faster version of a company that you view as being too slow and costly. Note: You may create and / or make all necessary assumptions needed for the completion of this assignment.
Write a two to three (2-3) page paper in which you:
- Describe the new start-up company that you have created. Include in your description the nature of your company, its mission and vision, your companyâ€™s product, an analysis of your staff, and your target clientele.
- Criticize VectorCalâ€™s forecasting method. Determine the appropriate forecasting approach for your company. Provide a rationale to support the determination.
- Suggest the semi-variable, allocated, and indirect costs that you should address in the start-up phase of your company. Provide a rationale to support the response.
- Use at least three (3) quality resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality resources.