Comments on BP 3 Essay Example | Topics and Well Written Essays - 500 words

Comments on BP 3 - Essay Example The company will outsource some of its operations and will enter into a contract with the website development company in order to come up with attractive website. The team has effectively defined and elaborated all important elements and processed involved in the operation and transaction. The team has also included the elements of customer service and customer relationship management in order to make sure that the high customer value is provided to all customers. The company will also use social media techniques in order to market and promote the website and attract more traffic. The business model of the company is bit complicated as it involves several virtual links and partners. But the business model canvas provided by the team in the appendix has made it easier to comprehend the complete links and connections among all important partners and also has explained clearly how the business will operate. Lastly, the team has been able to calculate the cost behind the whole business model and has included all important costs and expenses in order to come up with more realistic figures. The major strength of this business plan is the testing of the product at the target market before launching it. This will allow the company to come up with the final product which accords with the needs and demands of the customers and there will be relatively less chances of rejection or failure. All the feedbacks and comments generated as a result of this pre-launch testing will be used by the company in order to improve the final product. This testing also allowed the company to identify the most profitable target segment. The company relies on heavy input from the customers and devises strategies accordingly. This, in turn, will allow increasing the customers’ satisfaction and attracting more customers. The main idea behind the whole business is to provide the eating products to the customers on mobile trucks and vehicles. This will allow the company