Project team leadership

Project proposal

The purpose of this proposal is to establish a clear understanding on how to plan and execute a new branch to the company. The project shall involve a collaboration of team members each delegated with a critical task to ensure the successful opening of a new branch. The marketing team shall undertake the feasibility study to ensure the branch’s location is the best. The market research needs to include test marketing and pilot test of sales of goods and services (Entrepreneur, 2019). The finance team will evaluate the cash flow as well as prepare a budget that outlines the overhead costs as well as expected revenues. The Human Resource team shall be responsible in hiring and training new staff who will work at the new branch. This proposal is very important because it signifies progressive growth of the company and expanding gives an exciting opportunity to acquire a larger market share and a larger customer base which in turn promotes the brand image.

References

Entrepreneur.(2019). Expanding with a second location. Retrieved from https://www.entrepreneur.com/article/47552