Executive Summary and classmate repsonse

1. Part one: Post an executive summary of your Comprehensive Project in the body of a post in this Discussion Board (do not use attachments). An executive summary is a 10% synopsis of a larger document that outlines the purpose, planned processes, actual processes, findings, and recommendations for the project. Chief executive officers (CEOs) often read and assess executive summaries before deciding to read entire reports. Consequently, the summary must be a high-quality narrative that demonstrates the significance of the work, addresses all the important issues being undertaken – the seven GP questions are important issues - shows, the objectivity of research and analysis underpinning the report, and establishes the credibility of the resulting conclusions. 250 to 300 words

About your company:

Your abilities in international management have been recognized, and your consulting assistance has been requested. The company Quasimoto Enterprises has been approached by a reputed Chinese firm that wants exclusive production and selling rights for one of its new high-tech products. The company has been looking for a strategic partner for the production of this product to reduce costs. Hence, Quasimoto Enterprises is very interested in exploring the possibility of developing relationships with this Chinese firm. This deal is very critical to growth of Quasimoto in the international market. Both parties are anxious and preparing for their first meeting in a month’s time to move this deal forward. This is the first time Quasimoto is doing business with China, and this is also the case with the Chinese firm.

2. Part Two: Please review the executive summaries of other students, and provide an objective assessment and constructive feedback that will help strengthen the effectiveness of their efforts and the quality of their finished reports.

Classmates executive summary #1

Q1

Executive Summary

John Leander Malloy

Toolscorps™ Corporation will be established as a C Corporation home based in Memphis Tennessee. Its known for production of home improvements products such as microwaves, kitchen appliances, exterior furniture and power tools. Toolscorp™ is a United States Manufacturer that has sold retail and wholesale. ToolsCorp™ aims to be expand inside of the global market.

ToolsCorp™ is a manufacturing company that provides interior and exterior home improvement solutions, electronical products that follow the state laws of Tennessee as well as laws in accordance with the department of revenue services. Toolscorp™ business mission is to manufacturer products locally and sale through major retailers such as Walmart, Lowes, Home Depot and 54 Lumber with the target market focused on the global region with the high demand for power tools and exterior home improvement equipment.

With obtaining success inside of the United States, Canada and Mexico, Toolscorp plans on expanding to Asia, Africa and Europe. Research shows that several African and Asian countries are growing. Africa in 2015 Business-to-business spending reached $201.28 Billion in spending and is projected to reach $666.3 Billion by 2030 (Signé, L., & Signé, L. 2018). With Asia, South Korea has been a manufacturing and developing country. However, with china being the only country in the world with the largest industrial Output they also import $431.6 Billion dollars’ worth electronical equipment (Pines, L. 2019). With these numbers, Toolscorp would be able to obtain business deals with these two locations as well as key locations within Europe.

References

Pines, L. (2019, April 08). China's Top Commodity Imports & Exports. Retrieved from https://commodity.com/china/

Signé, L., & Signé, L. (2018, September 21). The potential of manufacturing and industrialization in Africa. Retrieved from https://www.brookings.edu/research/the-potential-of-manufacturing-and-industrialization-in-africa/

Classmates executive summary #2

EXECUTIVE SUMMARY

1. Post an executive summary of your Comprehensive Project in the body of a post in this Discussion Board (do not use attachments). An executive summary is a 10% synopsis of a larger document that outlines the purpose, planned processes, actual processes, findings, and recommendations for the project. Chief executive officers (CEOs) often read and assess executive summaries before deciding to read entire reports. Consequently, the summary must be a high-quality narrative that demonstrates the significance of the work, addresses all the important issues being undertaken – the seven GP questions are important issues - shows, the objectivity of research and analysis underpinning the report, and establishes the credibility of the resulting conclusions.

Toolscorp company is affiliated with different products based out of Tennessee. They produce their products through larger retailers once they reached the amount or goal that they need. The purpose of this project is to identify the purpose of the company and to prepare a plan for the business that will profit.

The process is to gain as much of knowledge from research on the company. Comparing different companies that’s similar will allow the competition to be compatible and sufficient. Once the team gets each individual part down we come together to agree on the final paper. We had to sort out what part was being done and researched by who. Everyone has an equal apart in this project. As the team tried as much as possible to have the best commination in the group text it is getting done. Discovering what the professor intends for us to and that is going back proofreading, making sure each point is discussed and that we have enough research for the paper.

The team decided to expand to China. We believe china has the best economy in the world. This provide much more reasons on why we decided to expand with china as well as the SWOT analysis, mission statement, plan of the business. It will also provide the necessary charts, diagrams, whatever it takes to explain the tools corporation company and expansion of china.

1. Please review the executive summaries of other students and provide an objective assessment and constructive feedback that will help strengthen the effectiveness of their efforts and the quality of their finished reports.

I will provide feedback and ways to make this project successful. I will motivate everyone to do their best and I don’t mind heping in any way way possible. I will look out for every member in the group and if I find some info beneficial I will forward them as well. Open communication is key to making this work.