Strategic Plan
Strategic Plan Research
Challenges in the plan
Threats and Challenges
Competitors.
High initial capital.
Cons on the website.
Language barriers.
Some of the challenges that the company will face are competitors: the existing companies will compete with us, or there may emerge other companies, high initial capital is required for the strategy to work, cons on the websites: anyone who tries to corn on the website will be fired from using or advertising on the platform.
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How to address the threats and challenges
Coming up with added features than the competitors.
Finding investors.
Burning anyone who try's any con on the website.
Install language interpreters on the website.
There will be war with the existing companies and our newly established company. Our website will have an enjoyable and user-friendly layout and design that will be simple for anyone to interact with and attract repeated visits. Finding investors when the company is still young will be difficult since few people trust a new company. To attract them, the company will be giving a discount to the first clients who will register their companies. This discounts will attract many sellers since we will be giving them a chance to offer their product on our website at a discount cost which will be less than the other websites. The company will not tolerate any cons in the website. Anyonw who will try to do anything suspisius will be suspended from the advertising on the network. We will incorporate language interpreters to overcome the language barrier. Since Pepdream.com will be used worldwide, it will face language barrier problems since not everyone is good in English; some are good in french, Arab, Spanish, and many others. We will develop a translator, which will be installed on the website to overcome this barrier.
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Proposal process of improvement
Build a trusted program where sellers and buyers can send money.
Open agents in different centers where customers will be receiving their items.
We should build a safe program where the sales will be receiving their money instead of using other websites. We also opt to open agent hops in many towns where the customers will be reserving their items.
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Additional resources needed
Stalls to let.
Security officers in the company.
We company will need stalls where we will reserving goods from the advertisers and giving them to their customers. We will also need security personel who will be safeguarding the company to avoid thieves from breaking in.
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How resources should be used in the application of the strategic plan
Payroll.
Marketing and Strategic Alliances
Tech/Equipment/Start-Up
Contingency
The resources will be distributed in the following way, to pay the employees, market the company/ create awareness of the company's existance, buy all the equipments required for starting tha company, and include computers, cables, internet accessories, and many more, and lastly, for contingency.
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