BUSINESS

Describe the new start-up company that you have created. Include in your description the nature of your company, its mission and vision, your company’s product, an analysis of your staff, and your target clientele.

Patriot cloud, LLC is a company that is emerging in the furious field of drone navigation. Since it's establishment we have been capable of developing a new standard in the drone navigation field. Patriot Cloud, LLC has some of the youngest, innovative, and greatest minds in the navigation industry. Our company has been able to build a clientele with diverse backgrounds that sets us apart from other companies, and develop innovative ways to meets our clients needs.

The vision of Patriot Cloud, LLC is to create an improved process of by which people can acquire our products faster, cheaper, and of a better qualtiy than currently offered by any other company. Patriot Cloud, LLC has produced a variety of well-designed drone navigation systems that will be available and affordable for every budget. It is our goal to get people to see the world differently using our products. Our production cost is low, which is why we are able to ascertain that the selling price is able to compete in this rapidly growing market.

Criticize VectorCal’s forecasting method. Determine the appropriate forecasting approach for your company. Provide a rationale to support your determination.

There are three ways of forecasting, (Hyndman, R. J., 2014), as; forecast short term, medium-term forecasts, long-term forecasts. Short square have to do with the staff, the production, and transport. The medium-term has to do with demand forecasting and programming of work. The long-term is used in the search for opportunities marking, implementation the new strategies, business resources and the environment too. Forecasts aids in determining volume of production, inventory needs, labor hours required, cash requirements, and financing needs. A variety of forecasting methods are available. However, consideration has to be given to cost, preparation time, accuracy, and time period. VectorCal, uses an efficient forecast method, study costs, price comparison, analysis price, comparison of previous offers, and the study of other companies that offer the same or similar services, they deploy effective qualitative methods where they are capable of utilizing the short term gains of this technique to try and encapsulate the market. Patriot Cloud, LLC uses qualitative forecasts so that we can identify change more quickly and interpret the effect of the change on our future production, in addition to ascertaining that it is capable of cornering the bazaar in the short-term (Stahl, Björkman, Farndale, Morris, Paauwe & Stiles, 2012). Most of the estimates made by my company are driven with the sole purpose of making sure that the projections are precise.

Suggest the semi-variable, allocated, and indirect costs that you should address in the startup phase of your company. Provide a rationale to support your response.

The market there are high and low seasons, the company must have a plan to deal with

that reality. The company will not suffer any damage, if the company takes care on time in

forecasting before come the extraordinary situations. To compete in the market today, the prices

of the competition is studied to reach a middle point, and based on these data the Company may

make a plan production and marketing. The low employment of marketing strategies by its competitors, for example, VectorCal helps to demonstrate that the best work quality is performed at Patriot Cloud, LLC since its output is put on exhibit for all potential customers to see.

References

Stahl, G., Björkman, I., Farndale, E., Morris, S.S., Paauwe, J. & Stiles, P. (2012). Six Principles of Effective Global Talent Management. MIT Sloan Management Review. 53(2), 25-32.