ToolsCorp Expansion
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Hi, I want make good comment for this topic
1- Please Make comment and Agree (OR) No with (Jim) about his Executive Summary, the comments not lower than 5 lines.
2- Please Make 1 or 2 Question on this topic after end the comment . I give you Examples of comments in the end my question. (Look The Examples).
EXECUTIVE SUMMARY
The purpose of this paper is to obtain permission from the Strategic Officers Steering Committee (SOS-C) of ToolsCorp to advance this company in the right direction and go global. ToolsCorp manufactures power tool and small appliance, locally in the U.S., and sells products through large retailers. Although we have a thriving business in the United States and Canada, ToolsCorp wants to break into the global marketplace.
The power tools and small appliances industry is heavily sedated with an abundance of option and choices to select from when in the market for power tools, lawn mowers, lawn furniture, microwaves, or ranges. We will become known as one of the most sought after companies when it comes to power tools and small appliances. Every decision we make will be infused with the customer in mind.
Reviewing the trends and historical patterns of others attempts, failures, and successes will be the process taken in determining the next steps. ToolsCorp's mission is to possess the leading edge in our industry by growing into the global marketplace through innovation and technology over our competitors. ToolsCorp plans to align our mission and company values and take our business into countries like Asia, Europe, and South America.
Research shows that the consumer demand and the products and services we can deliver are compatible. This business plan for ToolsCorp has been created to introduce the magnificent products and services to the masses and to spread the word about just how unique and exciting this company is and how ready this company is to expand into other markets. Over the next one year, ToolsCorp will increase its distribution, offer a variety of power tools and small appliances options, and gain new customers.
Expanding a company into new territories is a huge endeavor to take on and it is never void of risk. Doing extensive research and developing important business relationships is a must. In preparation against
the competition that may try to take advantage of ones weaknesses, ToolsCorp plans to take into consideration every single detail, in defense, for the sake and success. It is recommended and we are asking for permission to take this company global. Advancing the manufacturing and sales of power tools and small appliances can only propel ToolsCorp to the next level. ToolsCorp is currently thriving and plans to continue to thrive in a global market that is ready to welcome us with open arms.
My Regards,
Jim
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( Example of comments 1)
Hi Jim, I like your comment "Reviewing the trends and historical patterns of others attempts, failures, and successes will be the process taken in determining the next steps." That's actually a smart move! A company does not really need to reinvent the wheel; just find something that actually worked for the competition and and make it better, or learn from their mistakes. Its a useful tool and it sure help to save a lot of time.
Regards,
joe
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( Example of comments 2)
Hi Jim, I was reading your post and you mentioned the risk of expanding a business form a global aspect. I agree. Expansion on a global level offers risk that can sometimes outweigh the reward globally. If we were to examine the process of cultural conflicts this could mean that the territory is more friendly towards local businesses that have been embedded in their area for years. Then we could look at the governmental portion which may require the company expanding to pay higher valued taxes or have restriction with distribution and or sell so they may control the way money is spent. All in all, so many factors and so many considerations to review in the process.
Best Regards,
Mena
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Solution Summary
A response to a proposal for ToolsCorp expansion is presented in a structured manner in this response. The answer includes references used.
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Hi,
You want ToolsCorp to grow and go global. I agree with your proposal. I am sure that the Strategic Officers Steering Committee will give its approval also. You are already producing power tools and small appliances of good quality. Those companies in the US that want to grow, take advantage of economies of scale, and ...
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