Q Company - Business Strategy - Example

The paper "Q Company - Business Strategy" is a perfect example of a business capstone project. According to the co-founder Dan Teran, he believed that if the company has amazing people and amazing technology then the office managers would eventually turn to them for everything and in this case, the company will aggregate the demands on all the goods, services and technology required to the run the office (Case: 2). The company was known as “Q” because it was named after Q, the R &D wizard in James bond movies that ensured that Bond was fitted with whatever gadgets he needed, and in the same way this company ensured that its customers would be provided with clean floors, windows and anything else they might require in managing their physical space. The company had expanded much from New York to Chicago on a $15 million raise in finances that had met customer satisfaction in all its markets.

With all the notable success in the company, Teran became more interested in its continuous growth in many ways such as acquiring more customers or increasing its markets. Q became an on-demand company due to its massive performance and entered into a space bursting with startups and venture capital firms that were eager to invest in them since the launch of the on-demand car service Uber in 2009. Q had hired many employees, trained and paid them more than what is expected by the industry standard, offered them schedules that are stable and also provided them with opportunities for growth and success (Case: 2). This kind of compromise was not one that Teran was interested in since Q had already started growing very fast.

Company Background

The founders of Q Saman Rahmanian and Dan Teran met at a venture development firm called Pre hype and realized that they were sharing fascination in design and how they could use it to develop and create great experiences. Teran already had prior experiences in working with startups as a community organizer in Maryland, Baltimore and Rahmanian also had prior advertising experience.