Advanced Entrepreneurship Proposal - Research Paper Example

24). The nature of the product is self explanatory hence most of the customers would not require any introduction or advertisement into the market. The name Qdat is derived from a personal perspective so as to enable the same producers to demonstrate and make recommendations on the best way that the product will be used so that any further scientific implementers may come from other parts of the world to stop over dependence and monopoly that affects product/ service prices (Sampson, 2009, p. 41). Technology Due to fierce competition in the global arena, most companies prefer working with both hardware and software which are compatible with the competitive edge.

However, as technology changes customers are forced to damp the current electronic devises so that they could purchase the compatible ones that are able to work under structures and wireless infrastructures respectively. The number of customers whoa re not able to purchase the electronic appliances are able to smile to the shops. Qdat is electronic equipment which is able to integrate any electronic gadget that could translate information from and to digital signal.Through Triangle’s Company the poor citizens also are able to have fun and information at their fingertips comparatively to the well off individuals who are able to purchase the new product directly from the electronic shops. . company are evenly distributed within the global market so as to reach every person who is willing to purchase the microchip and its programs, which could be installed into any communication gadget.

When carrying out research on the market and industry, we realized that many people visit social networks frequently. However, this is not the case for those who are not able to purchase top most phones which require a lot of money. Thus it would be practical to start using then gadget as it bridges the gap between the rich and the poor creating a level ground for update both within the neighborhood as well as global surrounding (Harland, 2004, p. 44). In order to efficiently and effectively compete within the business locality, goods and services are produced utilizing the prevailing optimal methods.

For a company to achieve a competitive adge, proper logistics are necessary. For instance, the mode of transportation, and the distribution strategy should be effectively and efficiently planned in order to conveniently meet the delivery requirements of the customers globally (Sampson, 2009, p. 59). In a business environment, the Triangle Company will utilize supply chain management to organization the work process, from acquiring raw materials up to the point of consumption. Therefore, effective management of Qdat product requires a thorough understanding of business processes and strategy formulation Qdat microchip should utilize the availability of internet services in order to reach a wide market globally (Assaf, 2006, p. 71). Introducing the new product into the market Entering new markets leads to longer lead times, which interferes with flexibility, thus creating the need for more inventories.

Sometimes it is not practically possible to shorten lead times further.