%2FDeliverUserData%2F#3797 - FastCart Business Plan.docx

Since the business code of ethics highlights the

Info icon This preview shows pages 5–9. Sign up to view the full content.

since the business code of ethics highlights the importance of waste management, FastCart will do its best to minimize the burden and put it to its best use. Global Issues The fast online shopping franchise aims to start in Lebanon, and eventually hope to expand in order to operate in Iraq. Since Iraq doesn’t have an online grocery shop and we hope to initiate it. As expected, the business will face a number of challenges but not limited to the following. Unknown technological infrastructure. Different demographics and socio-cultural factors. Different resources and capabilities. The rise in both economic and political problems. The Business of Management Mission Statement Using our technological advancements, we aim to guarantee satisfaction to our community and shoppers, by dedicating to deliver the highest quality of products while offering convenience, the speed at the most reasonable price. Business Goals To seek customer satisfaction in order to retain current customers and acquire potential customers. SWOT Analysis
Image of page 5

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

FASTCART BUSINESS PLAN 6 Strengths : available 24/7, adaptation to technological innovation, a variety of goods, easy access, customers are able to customize their orders, and the company is involved in social responsibility. Weaknesses : High carbon emission, Customer mindset still towards the touch-and-feel system, No free home deliveries, and Lack of face to face communication Opportunities : attract all types and ages of customers, and expansion relationships with new suppliers or partners. Threats : Changes in taxes, Threats of new competitors, Changes in laws and regulations, and Increases in costs (such as insurance, inputs) which could affect pricing. Management The owners are going to be: Souheil Dagher, Taj Najjar, Ghiwa Razzouk, and Karim Haidar. The owners will be active on board of directors which will cover all investments to ensure "FastCart's" success. We will be dividing the roles of work according to the profession of each owner.
Image of page 6
FASTCART BUSINESS PLAN 7 The Business Organization Chart Floor Plan
Image of page 7

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

FASTCART BUSINESS PLAN 8 The business will be run through online operations. this means that there is no need for increased costs for infrastructure and office floor plan with the respective operator expected to coordinate efforts and confirmation of orders from the respective location or at nearby picking points. Raw Materials Our main objective is to get several motorcycles in order to carry the delivery process. We will need to build a software according to our business rules that will cover up our operation in a respectable manner. We will be planning on operating 24/7. Quality Assurance In order to ensure the quality of the product or service stays at a high level, with every order of product or service, we will make sure to ask our customers for their feedback. We will ask our customers what we can improve and what they think we did well. Everyone involved in the company will be held responsible for maintaining the quality of the product or service
Image of page 8
Image of page 9
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern