Cuddle Infant Warmer Bags Business plan †MyAssignmenthelp.com

Question: Discuss about the Cuddle Infant Warmer Bags Business plan. Answer: Vision Statement The vision of Cuddle Infant Warmer Bags is to provide the best economical incubation services for babies born prematurely in the outskirts of Melbourne where there is no electricity and quality medical care. We expect to build it into a $30 million business within three years. Mission Statement To provide an affordable backcountry incubation services by collaborating with non-governmental organizations and the ministry of health. Goals Manufacture and distribute 1 million bags by the second year Increase gross revenues by 10% in the first year Attain profit before interest and tax of $ 1 million Establish a long-term best relationship with all our clients by Attaining 95% on-time delivery of services with 97% accuracy. Open office branches at Canberra after the first year Strategies Become internationally known for the production of economical incubation bags that do not use electricity. Concentrate on non-governmental organizations that offer health care services and the ministry of health. Establish client base by the first year of operations. Promote initial trial by offering free Cuddle Infant Warmer Bags to families with pre-mature babies. Design add-on sales by promoting the benefits of the bag and how to reheat it using water. Attract and retain key employees by offering competitive perks and rewarding performance. Action Plans Finalize on the formal business plan by 04/04/2018 Complete the test product by 20/04/2018 Launch the product in the market in Dec 2018 Launch sales campaign in Dec 2018