VBC-In memory of exploring in the dark

Quarter 5: Expand the Business Strategy

You are in quarter 5. On the financial side, the investments in research and development and new sales offices probably caused your net profit to be negative. This will be a challenging quarter. Many firms will be entering the market with new technology and a full complement of sales offices. Are you ready to take on this invigorated competition? The tactical details that must be completed in quarter 5 are the following: 1) Evaluate your performance and adjust your corporate and functional strategies 2) Borrow money from the bank to help aid expansion plans (optional) 3) Evaluate your compensation package 4) Invest in Research and Development for new brand features 5) Expand or revise the assortment of brands 6) Set the selling price for each brand 7) Design an advertisement for each brand 8) Schedule the ads in the major media in each city with a sales office 9) Plan the production of your brands 10) Expand plant capacity 11) Purchase market research 12) Check the pro forma cash flow 13) Make sure there is at least 300,000 in your cash account You have this quarter and the next one to demonstrate your business savvy and pull ahead of the competition. Good luck!