IT Head Archy Ushan is studying Marketing at North South University He will be

It head archy ushan is studying marketing at north

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IT Head: Archy Ushan is studying Marketing at North South University. He will be handling IT department of Scissors & Needles. All the IT related issues and problems will be solved by him and he will make sure the technofixes we used here are updated. Managing Director Siam Al Tahmid Finance Head Mujaffer and Sarwar HR Head Zahir Uddin Marketing Head Md Hasan IT Head Abdur Razzak CEO Md Nasib AKhter
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Assessment of risk A. Weakness: As it is a new company, we are hiring less workers. Be that as it may, because of this, most likely in up and coming days we need to confront issues, for example, late conveyance, lack of staffs when there are more requests to cover. Also, the focused on individuals don't know about this administration. So at first the request of the administration will be low. There is no completion in the business because we are the first to come up in this business. As it is a new business, it will take time to gain the trust of the consumers and suppliers. . Besides these the price of raw materials and Cloths are rising up sharply in the local market. Thus, our operational cost will also be higher and we may difficulties to run our business. Political and economic environment of our country also fluctuating and this will create hamper to our business. Political instability will create problem in our distribution and overall business process. B. New Technologies: Technology is developing step by step. New technologies can create a greater advantage in our business. There are some latest technologies uses in foreign countries to develop business. So there will be new changes in hardware and different frameworks. On the off chance that we won't keep our gear and hardware redesigned, it will have an enormous effect business. C. Contingency Plan: Starting and running a business is an inherently risky practice because there is no guarantee that a new venture will attain profitability. Unforeseen events or disasters can be especially harmful to a business. For example, a fire, earthquake or flood can make it impossible to continue operating a business normally. A contingency plan is a business document that lays out a course of action a business will take in response to future events. In order to face with uncertain events we have some contingency plan. We will make insurance for our business in case of any natural disasters occurs. If we face difficulties to operate our business
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due to lack of experience in this sector, we will hire specialist’s people to run our business. Nowadays businesses are facing high competition in the market and it can create loss of our market share. To recover this issue we will try to satisfy our customer by giving them fast delivery service as well as good customer service, so that they can come over and over again. We will ensure effective promotion of our business through the mediums we have chosen.
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