Development, Milestones, & Exit Plan Long Term Goals Omni plans to ensure that one third of our developmental music projects gain a minimum of one “hit” song on the Billboard industry music charts. Omni plans to make sure that we provide our consultation team with the available resource to achieve a professional finished project. While Create a highly organized, productive and efficient organization and developing standard operating procedures for the responsibilities each position. Omni plans to have a minimum of .02% of the industry market share within the first three years. The maximum full time employees will be eight within the first two years. The part time employees will be around four people after the first year. However, contract employees as well as other possible needed employees will fluctuate annually. Strategy for Achieving Goals Acquiring funds for the startup will be a large financial offset to start with, but with minimal upgrade, charges for the first three years afterwards will help to maintain the cost being lower. Even with the high start-up cost associated with KHS, revenue for the first two years will overcome the start-up costs. Our strategic goal of distributing our product online and in stores will result in the following first year sales goals: • 7,000 hours of Recording/Premix and PreEngineering service units. • 7,000 hours of Marketing services units. • 7,000 hours of Production services units. • 5,000 minimum single downloads sold online. • 2,000 minimum CDs sold in stores. These strategic projections represent only two quarters of sales activity. The first six months will focus on signing the bands and co-producing the recording while our collaboration of product assets will... ... middle of paper ... ... soon, and do not compensate for these risk weaknesses we may not deliver value to the consumer. Which may diminish our company brand or create an incomplete package then the company obviously cannot make money and develop a successful music business (www.referenceforbusiness.com). Exit Plan As Omni reaches “the aforementioned levels of profitability, several lucrative exit scenarios become realistic including the opportunity for acquisition by a major record company and, depending on investor preferences, the ability to liquidate ownership positions (www.referenceforbusiness.com). “ Works Cited http://www.vocalist.org.uk/sales_and_marketing.html http://www.bplans.com/music_recording_distribution_business_plan/strategy_and_implementation_summary_fc.cfm http://www.referenceforbusiness.com/business-plans/Business-Plans-Volume-04/Record-Company.html
If we at Ophthalmic Consultants of Boston (OCB) intend to be a profitable business with plans of continued growth, then we must make some fundamental changes in the way we operate our business. First we need to get back to the very basics and write a business plan! The Information contained in a business plan will help us to determine who we are, where we want to go, and how we intend to get there. This basic information will bring us focus, and act as a guide for our actions in the future. By defining our intended strategies for management, operations, sales, marketing, finance, competition, etc. we will then have what is necessary to layout a clear path for our future. If you all agree I shall begin this task immediately!
Capital access threats: Since it is a closely held company financial information is limited and if the company is not doing well it may find it difficult to access funding from financial institutions.
e) Continue to deliver basics to a wide range of brands with exceptional quality and a great value in categories across the stores and online. Also, tailor product offerings to meet customer expectations as well meeting multicultural customer demand.
The stakeholders involved in this case are the artists, the recording industry as a whole, retailers, and consumers. All of these stakeholders are affected equally in this matter. The artists, recording industry, and music retailers face substantial loss of income if c...
New businesses will take longer to thrive with the United States falling economy. The faltering job market and the deepening slump in housing threaten to hurt consumer spending. Consumers are becoming more conscious of their spending and therefore using cash to pay for smaller necessary purchases. The cost of entertainment and other presumed luxuries may be pushed to the background by most families, when having to choose whether to pay for a bill or treat the family out. Thriving businesses will understand the need to provide a service or product at affordable prices.
The music industry is about selling the recordings and the performances of music among many individuals and organizations that works with musicians. The music industry has both the charm and the organizational architecture to affect the business and the cultural trends. There are millions of listeners and followers to the products of the music industry. The opinions of these listeners always change depending on what they see or hear. The music business or industries have been influencing generations of recording artists, business professionals and consumers. The music industries have been reinforcing questionable subject matter, music lyrics and business and social norms.
This one-two punch has left the industry experimenting with different ideas trying to find their next revenue stream. No one is sure where the music industry will be in the next five years, but things are already changing. Musicians have more and more avenues to reach fan bases, and huge record companies no longer dominate the scene. This is good for musicians and even better for fans...
Background Information In implementing a strategic plan for Coastal Medical Center, our consulting team has conducted many analyses and formed numerous strategies in order for Coastal Medical Center to be successful. Such assessments include an internal analysis, external analysis, gap analysis, and SWOT analysis. In conducting these analyses, our consulting team was able to better understand the internal environment, external environment, where the organization currently stands in terms of performance, and the major strengths, weaknesses, opportunities and threats that oppose the Coastal Medical Center. From our inquiry, we will be able to establish a strategic plan that best fits the organization’s needs.
“The Goal” is a book written by Eliyahu M. Goldratt and Jeff Cox in 1984. The book is very famous in the management field. In 2004, the author published the third revision of it and celebrated selling over than three million copied of it around the world. Also, the goal book is taught in over than 120 collages. The book was recommended by my professor to be read and summarize as an extra credit.
Fall prevention needs to be the target of many hospitals. Falls occur each year in hospitals and can be detrimental to the patient, especially the elderly patient (Peel, Travers, Bell, & Smith, 2010). Falls can lead to broken bones, longer stays in the hospital and potentially can lead to death. Falls are expensive to both the patient and the hospital (Trepanier & Hilsenbeck, 2014). This paper would like to take a look at a strategic action plan that would help to prevent falls. This plan of action will includes organizational changes that are geared towards fall prevention. The second part of this paper will include an evaluation plan that is designed to measure and monitor the plan.
The music industry is an ever-evolving revolutionary entertainment industry for the masses. Music provides entertainment to all different masses due to the variety of genres produced. Music is a very profitable and complex industry. Music has expanded to a worldwide industry for musical artist to express their art through the form of song to the masses. Music not only appeals to the ears but to every aspect of a person. Music allows for individuals to explore and let their imagination expand as they here a song. Throughout the years the industry has undergone dramatic changes. Whether it is genres, forms of how it is distributed, or even the impact the artist have had. The industry is diverse and ever changing as the years continue. In the past 20 years the industry has changed with help of the technological breakthroughs and adoptions.
The main objective of this report is to develop and provide a sales and marketing plan for which the company will help to generate more profit and acquire more customers to patronize the product. This report will cover the period of 2016 to 2017 which will serve as guidelines that needs to follow of the employees, managers and management team to reach the desired goals and target for the company.
In writing the business plan, I determined our target market and our marketing strategy to gain a share of the market. I also had t...
When it comes to the music industry, an artist makes a song, the label sells the song and then the listener buys it? In the world today, the music industry is knowledgeable of digital downloads, music videos, file sharing, and now social media. Social media is the voice of an individual and captures joy, emotions or thoughts in pictures, tweets or status updates. It is a reachable space that is used to keep in touch and to reach out. Social media allows listeners to shares their favorite artists, post their favorite songs and really created a genuine connection with the artists. The music industry has changed because social media is a tool needed to connecting with the listeners. Social media is necessary to maintain a career in the music business.
The music industry started in the mid 18th century with Wolfgang Amadeus Mozart. Through the decades there has been a great increase in this industry; however, the revenues for this industry have declined by half in the last 10 years. This has been caused by music piracy, which “is the copying and distributing of copies of a piece of music for which the composer, recording artist, or copyright-holding record company did not give consent” . After 1980’s, when the Internet was released to public, people started to develop programs and websites in which they could share music, videos, and information with...