Temx Fitness Equipment Manufacturing Company

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1. Introduction TemX fitness equipment manufacturing company (TFEM) is one of the modified physical fitness equipment such as barbell; dumbbell and different size body building equipment wasted iron and scrap material in Addis Ababa. Then, we will discuss on the company summary, vision and mission statements and objectives. 1.1 Company Summary TemX fitness equipment manufacturing company (TFEM) located in Bole Sub City Woreda 7, in Addis Ababa and legal will establish as fitness equipment manufacturing company in the city. The Company will focus to produce physical fitness equipment and to replace the imported fitness equipment for the country too. The TFEM product is made from the wasted materials and different equipment from the…show more content…
1.5 General Objective of the Business Our general objective is to produce fitness equipment for the local market in replacement of the imported once with affordable and reasonable price for 22 small, medium and high level gymnasium manufacturing companies in Bole sub city area. 1.5.1 Specific Objectives of the Business. The specific objectives of the company include the following among others: To produce the physical fitness equipment with local collected wasted materials To replace the imported fitness equipment and accessories with our product and decrease outflow of foreign currency Create health, commutative and best fit generation for the city, even for the country too. 2. Foundational Strategic Plan The mission, vision, values and objectives of the company will be realized through its strategies. According to (Efthymiou, 2015), A SWOT analysis (alternatively SWOT matrix) is a structured planning method used to evaluate the strengths, weaknesses, opportunities and threats involved in a project or in a business venture. Refer the following summarizes the company’s strengths, weaknesses, opportunities and threats. Strength: Sufficient financial status, Experienced employees to produce the product The company has little reputation. Opportunities: Government’s policy focused on this manufacturing sectors As such there is no local

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