Teams in the Process of Repeat Purchases - Essay Example

The company will outsource some of its operations and will enter into a contract with the website development company to come up with an attractive website. The team has effectively defined and elaborated all important elements and processes involved in the operation and transaction. The team has also included the elements of customer service and customer relationship management to make sure that high customer value is provided to all customers. The company will also use social media techniques to market and promote the website and attract more traffic.

The business model of the company is a bit complicated as it involves several virtual links and partners. But the business model canvas provided by the team in the appendix has made it easier to comprehend the complete links and connections among all important partners and also has explained clearly how the business will operate. Lastly, the team has been able to calculate the cost behind the whole business model and has included all important costs and expenses to come up with more realistic figures.

Comment on the Report of Team 23

 The major strength of this business plan is the testing of the product at the target market before launching it. This will allow the company to come up with the final product which accords with the needs and demands of the customers and there will be relatively less chance of rejection or failure. All the feedback and comments generated as a result of this pre-launch testing will be used by the company to improve the final product. This testing also allowed the company to identify the most profitable target segment.

The company relies on heavy input from the customers and devises strategies accordingly. This, in turn, will allow increasing customer satisfaction and attract more customers. The main idea behind the whole business is to provide eating products to customers on mobile trucks and vehicles. This will allow the company to control the operating cost. The team has identified the elements and factors which should be taken care of to make sure that the company can run its operations smoothly. This includes the work permit. As mentioned before, the main focus of the company is to satisfy the customers; for this reason, another purpose behind using trucks is to park close to the customers to save time.

The company is also considerate of the quality of its food products and is using high-quality and hygienic ingredients. The cost model is designed in such a way that the customers are provided with high-quality products at lower costs. All important variable and fixed costs have been taken into account to come up with a final estimation regarding financials. The company has presented the breakdown of the cost of the individual product along with other costs and expenses. One main drawback of the business plan is that no marketing and promotional strategies are provided.