EXECUTIVE SUMMARY
Innovated Global Management Inc. can benefit from the expansion of its business within Vietnam directly by increasing its yearly revenues and indirectly by promoting a skilled workforce and boosting the economy in this country. The results, analyzed in the report, were researched and prepared by VAHD Inc. to raise the attention of these benefits. Research of this topic was requested by Innovated Global Management Inc. looking to find information to aid its expansion into Vietnam.
Our final conclusions and recommendations on the expansion are based on our research of similar companies in Vietnam and also an interview of a member of our team who is versed in the business environment of Vietnam paired with our secondary research using online resources.
Analysis of the data collected revealed the following benefits due to expansion:
1. Revenues. Total revenues from taxes and other sources of income projected in the first year of business total $1 million and are expected to double to $2 million within the next four years.
2. Employment. In the first years of business it is expected to employ 80 workers with wages at $870,000. By 2017, the number of employed workers will reach 200 workers and the wages will increase to $2 million.
3. Indirect benefits. The expansion will offer more highly skilled positions for the Vietnam workforce which will help boost the economy.
It is recommended that the expansion into Vietnam commence based on our analysis of the
Net Sales – totaled $4,485,000.00 for year 6, and grew +33.3% or $1,495,000.00 between years 6 to 7.
Tegan failed to impart proper knowledge of its A/P system to Hrad due to lack of sufficient personnel and expertise in that area, as per the case, only one employee was there (Julia Jones) who was having the functional knowledge of the current system and was solely responsible to interact and review the low level designs (LLDs), which resulted in the backlog of reviews and thus Hrad was not able to iterate as required.
There are various essential reasons for McDonalds expands to Vietnam, include gain market shares in the global market, long-term growth in the South-East Asia, and increase the firm?s earnings in the future. Additionally, the business expansion is suitable to the traditional operation that McDonald has been adopted for more than 60 years. In fact, several responsibilities that the firm needs to complete for this expansion, which determine as the legal agreement between McDonalds and the Vietnamese government, the capital for the project, the process of building restaurants, hiring staff, and advertising campaigns. Board director, and executive officials should be involved in this project to discuss and provide valuable feedbacks to assure the business plan, financial commitment, and operation process will be completed by January 20th, 2017.
* Our company’s sales forecast has been based on performance from previous years along with market circumstances. We are looking at the future of the business objectively which we then can evaluate past to
Revenue: Net sales between years 6 and 7 demonstrate a 33.3% increase or an increase in approximately $1.5 million.
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