Business Proposal
Business Proposal - Thomas Money Service, Inc. Scenario
Reginald G. Jackson, Sr.
ECO561
October 29, 2012
Susan McMaster
Business Proposal - Thomas Money Service, Inc. Scenario
The following pages will discuss the subsidiary of Thomas Money Service, Inc., Future Growth Inc. (FGI). It will be presented as a business proposal with an emphasis on product differentiation, increasing revenue, and maximizing profit. As there is an absence of historical data, many assumptions must be made. Although the scenario reflects 2007 as the time period, our current economic condition still presents a challenge for many industries. These factors will also be considered. FGI is involved in monopolistic competition. Given the rise in competition and decrease in market share, they face a number of important decisions. As a manufacturer of construction and forestry equipment, demand for their products is driven from several angles. Forecasting market fluctuations is the key to capitalizing on the ebb and flow of the market. Unless a successful market strategy is defined, remaining competitive may be a constant struggle.
FGI Business Proposal (Abbreviated)
Introduction
FGI is an established manufacturer of construction and forestry equipment. The company’s reputation is one of strength and longevity. In spite of the economy’s recent dismal track record, FGI intends to “weather the storm” just as it has been able to survive through these last few years. Although there are many other companies within the industry, it is somewhat a niche’ market as there is a specific need for the product line. Our competition, monopolistic in nature, is found not only in the United States but spans the globe as well. Becoming a stronger player in the global market is not our primary focus at this time. Instead, partnering with loyal domestic clients has seen a modest, yet consistent increase for the last two quarters.
As such, our market strategy focuses on setting FGI apart from
Reginald G. Jackson, Sr.
ECO561
October 29, 2012
Susan McMaster
Business Proposal - Thomas Money Service, Inc. Scenario
The following pages will discuss the subsidiary of Thomas Money Service, Inc., Future Growth Inc. (FGI). It will be presented as a business proposal with an emphasis on product differentiation, increasing revenue, and maximizing profit. As there is an absence of historical data, many assumptions must be made. Although the scenario reflects 2007 as the time period, our current economic condition still presents a challenge for many industries. These factors will also be considered. FGI is involved in monopolistic competition. Given the rise in competition and decrease in market share, they face a number of important decisions. As a manufacturer of construction and forestry equipment, demand for their products is driven from several angles. Forecasting market fluctuations is the key to capitalizing on the ebb and flow of the market. Unless a successful market strategy is defined, remaining competitive may be a constant struggle.
FGI Business Proposal (Abbreviated)
Introduction
FGI is an established manufacturer of construction and forestry equipment. The company’s reputation is one of strength and longevity. In spite of the economy’s recent dismal track record, FGI intends to “weather the storm” just as it has been able to survive through these last few years. Although there are many other companies within the industry, it is somewhat a niche’ market as there is a specific need for the product line. Our competition, monopolistic in nature, is found not only in the United States but spans the globe as well. Becoming a stronger player in the global market is not our primary focus at this time. Instead, partnering with loyal domestic clients has seen a modest, yet consistent increase for the last two quarters.
As such, our market strategy focuses on setting FGI apart from
References: Holmes, K. E. (2011, October 28). Hospital Construction on the Rise. Philly.com Health. Retrieved from http://www.philly.com/philly/health/20080622_Hospital_construction_on_the_rise.html Lewis, M. (2012). 15 Surefire Ways to Increase Revenue in Your Business. Retrieved from http://www.moneycrashers.com/ways-increase-revenue-business/ Trading Economics. (2012, October). China GDP. Retrieved from http://www.tradingeconomics.com/china/gdp Trading Economics. (2012, October). India GDP. Retrieved from http://www.tradingeconomics.com/india/gross-national-product U.S. Bureau of Economic Analysis. (2012, October). Industry Data - Interactive Access to Industry Economic Accounts Data. Retrieved from http://www.bea.gov/iTable/iTable.cfm?ReqID=5&step=1