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Assignment 1

1118 words - 5 pages

Assignment 1: Proposal

Marquita Wright

BUS 315

October 21, 2013

Diamond Dynamics is a company that builds drone navigation systems. Our vision statement is clear “There are two ways to change the world: the pen (the use of ideas) and the sword (the use of power). Peter Drucker chose the pen and thereby rewired the brains of thousands who carry the sword—and contributed as much to the triumph of the free world as any other individual.” By by Peter F. Drucker (Foreword to the book by Peter F. Drucker). I believe that this vision statement summaries what this company wants to achieve. We see the vision as a goal ...view middle of the document...

Next to me is my head of production Mr. Michael Morris he has been with Diamond Dynamic since it was founded but before that he use to work with Dell computers and Microsoft for a few years. On the other side of me is Ms. Cheryl Winstead that is in charge of the finances and accounting here at Diamond Dynamics. Before that she used to work in New York overseeing different financial companies. After Ms. Winstead there is Mr. Jay Demond he is the head of the governmental contracts that come through Diamond Dynamics. He has also been with Diamond Dynamics since it was founded. But before that he served in the Army which gained him a lot of experience with the military contracts as wells as audits.

Now that we have talked about the basics of our company let’s go over our main competitor and how forecasted method is for their company and how it interacts with us as well as our forecasted method. Our competitor is VectorCal they also create navigation drone systems and we are going head to head with each other. The only difference is that we have started working on a navigational drone that does not need to use GPS like I stated before. But back to VectorCal they have forecasted that their reward would result in a fixed-price type contract. This means that it’s a contract to where the amount of payment does not depend on the amount of resources or time expended. With that being said I don’t think that a fix-price contract would be the right way to go. The reason why I say that is because it would not cover the cost plus some of the amount of profit that could be made. For example most often it is used in the military and in the government contractors where the risk is put on the vendor instead. That is why Diamond Dynamics is more focused on having a forecasted approach of a cost-price contract where we are paid for all of the allowed expenses for a set limit and an additional payment to allow for profit. I think that this way is a lot better then the fixed-price contract and I think that it would also benefit out company in a good way in the future.

Now in the start-up phase of this company there well...

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