Question

how can you summerize for company overview :

company name : Innovate Enterprise

product : charging case

Require the type of business and the various responsibilities of the management team.(1 page)

The financial cost and expected gainst :

capital contribuion : (RM40000)

fash(Rm30000)

Machinery (2 x RM500)

Answer 1

Overview

Innovate Enterprise is a Company engaged principally engaged in manufacturing of charging cases. The enterprise tends to focus on innovating new technologies to manufacture and sell charging cases. The products are recognized for style and engineered for performance, providing a seamless integration of hardware, software and design.

Type of business

Innovate enterprise is a company form of business, with a dual business model.

Hardware: Innovative, high quality, well designed and customer experience focused hardware.

New Retail: Efficient new retail based on reasonable pricing.

The company is only having a one major business unit developed under the model and that is charging cases.

Management Team

The management team consist of executive team and board of directors.

The Company’s Board appoints the members of the Executive Management Team. The Executive Management is chaired by the CEO and comprises other senior management appointed by the Board. The Executive Management Team meets regularly to address matters concerning the entire enterprise. The Executive Management Team is not a decision-making body of the Company. It assists the CEO in the implementation of the Group strategy and in operational management. The Executive Management Team is responsible for managing the Company’s core business operations as a whole, which requires planning of various development processes, group principles and group practices, as well as monitoring the development of financial matters and Group business plans. The Executive Management Team convenes monthly and minutes are kept of the meetings. The Board of Directors have approved the charter of the Executive Management Team.

The major responsibility of the management team is to make sure that the team as a whole is working towards the objectives of the company and that is to provide best products to the customers at reasonable prices.

Financial Aspects

Total investment for the year is RM 80000. Expected Cost RM 70000 (value invented). Expected Returns RM85000 (value invented). Therefore the company is expecting an investment gain of RM5000 and a Return on Investment

of 6.25%.

Note : Financial Aspects data is invented as clear numbers are not given in the question.