Question

Find a company that's been in business for less than five years and discuss the company's business model, product attributes, industry competition, leadership, mission statement, and the organization of the company.

Answer 1

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Here we will get into the topic, where we would discuss the business model, product attributes, industry competition, leadership, mission statement, and the organization of a company that is been in business for less than 5 years.

Oswald lab is one of those companies which is been in business for less than 5 years. It was established in 2016. It is a very popular company known for making and customizing the specialized products for the people, who are physically challenged or have some disability from a very long period of time. This company is based in Netherland and India.

The business model of Oswald labs can be described as that they are indulging in the production of specialized and customized apps and products which are commonly used by people with disabilities or those people who are slightly handicapped or are physically challenged. They produce their products keeping in mind the customizations that a person would require.

The product attributes can be defined as, they keep the design of the product simple yet handy so that, people can easily access them without any obstacle. they design their product in such a way that it is very quick to understand the uses of the product aka how to use it.

The product is specially customized according to the people's demand and there is also the availability of web analysis of those products.

It is definitely fair to say that, Oswald lab has quite a cut-throat competition in its field. There is the entrance of many companies who are working successfully in the same field.

The leadership is quite successful for The Oswald labs because the work is done according to what the team members are told to do. there are peace and harmony between all the team members of Oswald labs and working together towards the achievement of the company's common goal.

The mission statement of Oswald lab is to provide comfort to the people and make them feel that they are taken care of. That is the main reason, they make specialized and customized products for people.