Small business management (find attachment) Assignment

Small line of products management (find attachment) - denomination ExampleFor reason that it needs to monitor the customers marketing response to prove that indeed Mobile cocksure Group Ltd., is a viable business endeavor. This feedback on how the market responds shall be used to evaluate the expertness of the marketing effort and business structure that testament cater to customer needs. Through feedback control, it pull up stakes be able to identify which part of the business went according to plan or fell short of view and be able to accept remedial measures when required. II. Relevance of Selected Method of Control. Employing an effective control mechanism in Mobile Plus Group Ltd. will assure us that the per stampance of the business will go as planned. Through it, we will be able to measure actual performance and will alike be able to apply corrective measures to ensure that the businesss objectives and plans are being carried start (Dixon, 2003). In determining the m ethod of control to be employed, it is important to determine the objective of a business at a given time. And to elect appropriate modality of control given the circumstances which in this case is the Feedback Control as the business is still in its introductory phase that needs to desperately capture enough market share to prove itself as a viable business entity. A. ... This will be aided by an effective Management Information System that will provide us with concrete data to analyze. Control will overly be performed by soliciting written feedback from the customers through feedback form available in our outlet. C. How Control will be Effective The efficacy of monitoring actual gross revenue versus target sales will give us an indication of the efficacy of our marketing drive and to authorise our hypothesis about the market. If market performance fell short of expectation, we will be able to apply remedial measure to steer actual performance in the direction of planned perform ance. By soliciting the feedback of our customers, we will be able to determine which part of the business is doing well or fell short of expectation. As it is the vision of the company to leverage itself from the disceptation through customer service that is second to none, we will be able to determine if indeed our frontliners performance is in line with this vision and make required correction or retraining if actual performance fell short when compared to expectation. III. Risk Involved bandage in that location is a huge potential for our celphones having an 80 % market for them, we are not however without competition. This competition poses a risk to the business as customers have other alternatives to purchase their need for a hold mobile device. There is also a direct competition with our products, meaning there are also other businesses selling the same product such as ours and priced competitively and could even be lower. Also, there is also a risk that the market may not respond to our marketing drive of providing them a celphone with two working SIM cards with a TV and game functionality. While this added functionality may provide them with doodad and