Question

Explain how you would organize or transact business (Redner's Market) based on the nature of the product you’re offering, your understanding of rule of law, and the culture in Nigeria (200-250 words)

*Business is Redner's market (it is supermarket)

Answer 1

For organizing a business in Nigeria one needs to go through the following stages

Conceptual design- activities focussedbon conceptual details pertaining to the product

Scope and objective scope and objective should be clear

Project appraisal project monitoring should be done at regular intervala

Budgeting it should be done at regular intervals

Work breakdown structure overall projects should be split into non overlapping component

Organization breakdown structure to execute task listed under each work package

Cost breakdown structure method to link individual element in the Work breakdown structure to the dimension of cost.

Setting deadlines and milestone- it should be set

Resources planning - equipment .material planning and Labour planning

Goal formulation goal formulation should be there to penetrate into Nigeria

Strategy formulation proper marketing strategy should be there

Program formulations -Program me should be at pkace

Feedback and control emphasis should be there on feedback and control

Assessment of company department -Each dept should be assessed

R&D research and development department should be there to facilitate new product development

Purchasing purchase dept should be there

Marketing emphasis should be there to draft a solid marketing policy

Sales emphasis should be there in sales development

Logistic proper logistics planning should be there

Accounting proper accounting machinery should be established to check the cash flow and working capital

Finance Finance dept should be there to check the working capital

Public relation public relation should be managed

Product variety- there should be variation in product line in supermarket

Quality strick quality should be there

Brand ng - branding machnary should be there

Pricing pricing nachinary should be there

Promotion promotion policy should be there

Place proper segment should be there