Proposal for the Formal Analytical Report Essay

Proposal for the Formal Analytical Report - Essay Example cked it can and will grow into a situation that can threaten the abilities of local firms and banks to make a profit due to the decreased trust with which they view the money that comes to their hands on a daily basis. Accordingly, this proposal will work to outline the ways in which banks as well as other firms can institute a series of practices and procedures which can help ebb the tide of counterfeiting as it is currently being experienced in and around the area of Penn State University. The study will have the compound effect of being able to provide local business and banking with appropriate measures which can be implemented to protect against such fraud/counterfeiting, as well as providing a list of specific criterion which should be followed in order to minimize the occurrence an effects of such actions. Likewise, I will offer my plans for developing possible solutions to this problem, discuss my qualifications for conducting the research, and will provide a schedule on whic h I will base my research activities. During the past month and a half there has been a rapid uptick in the number of fake bills being passed in and around Penn State University. This has been occurring at a variety of locations that do not seem to be related other than that are all places of business that handle cash on a daily basis. As such, the issue bears a tangential relation to business and economics due to the fact that retail establishments and individuals are required by law to remit counterfeit money to the requisite authorities without any reimbursement for the face value of the counterfeit bill they obtained as a result of legitimate service, good or other business activity. In this way, the economic loss forms a type of double loss that must be absorbed by the business entity in question. Likewise, although the economic impact of recent rise in counterfeit bills will not have the effect of crippling the local economy, the fact of the matter is that necessarily

Business plan for a new entrepreneurial business Research Paper

Business plan for a new entrepreneurial business - Research Paper Example The target segment is mostly the old people who need to take medicine at the right time and at the right amount. The product AutoMed will serve that purpose by alerting the patient to take the medicine at the required time. The plan gives a brief overview of the company’s product offerings as well as the industry analysis and market analysis. Company description Company history The company, Digital Medical Instruments is a US based company was the brain child of few experts in the field of medical sciences. Founded in the year 2009, the company was quick to identify the growing needs and pains of the consumers in terms of healthcare solutions. Coming together in the form of a team, the team of experts wanted to provide value for money end user products related to the medical field, which will provide greater benefits to the patients and their family members, thereby helping them to derive a greater value for the money spent on purchasing medicine and medical services in times of global financial slowdown. Mission statement The Mission objectives for the company is to cater to the growing the needs of the customers for individualized healthcare products at affordable prices, while promoting quality for the products The vision of the company is to be the most preferred vendor for providing of healthcare based products and services to the individual clients within a span 6 years, from now. Products and services The product offering of the company is AutoMed. AutoMed is a highly technologically advanced modern day healthcare equipment for the end users. AutoMed’s main purpose is to cater to the needs of the sick and old patients, who prefer to stay independent despite their health related weaknesses. In order to prevent them from skipping their medications at prescribed intervals and to cut the costs of maintaining a healthcare person to look after their medication needs, the AutoMed will remind the patients by alerting them to take the prescribed med icines with the exact dosages. This device will also enable the family members of the patients to have a peaceful day at work, with the assurance that the device will alert their dear ones to take the prescribed medicines at the right time. Current status The company is planning to venture into the consumer market by attempting to tap the demand arising out of personal needs of the patients on a regular basis in the domestic front. Legal Status & Ownership The company is formed by a team of highly motivated, entrepreneurial team of medical experts who have the much needed skills and relative business acumen to understand the needs of the consumers in a better way, when it comes to managing physical healthcare in the