• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

This report is based on the set up of our Young Enterprise Company set up in order to provide its customers with unique mini sized canvas bags with stunning patterns

Extracts from this document...


Introduction This report is based on the set up of our Young Enterprise Company. The company is called Triple X the three X's stand for Xcellence Xtrovert and Xquisite. Triple X was set up in order to provide its customers with unique mini sized canvas bags with stunning patterns and details done in silkscreen. The aim and objectives of triple X are to design and produce silk-screened bags and sell them at a reasonable price in order to make a profit and cover costs. This report is a basic outline of our company, our aims and objectivities and company activities. It will include the roles each member of the company played in order to help it become a successful and profitable enterprise. The report will also include: * A project plan * A log of each activity the company undertook and how they went about doing it and what they needed, who helped etc. * How we came up with our project idea * How we trialled it * If the company was a success and, if it managed to meet its aims and objectives. * Whether it achieved its goals. Company Details 1. Name of enterprise: Triple X ( xXx ) Xcellence Xtrovert Xquisite. 2. Enterprise idea To purchase and design bags using silk-screening. 3. Key staff Anita, Baneeta, and Zeenat Who are the members of your enterprise group? Adeel, Aisha, Anita, Anna, Ayo, Baneeta, Barbara, Chandni, Daniel, Divan, Hanan, Jheanell, Mark, Meron, Mohsin, Siam, Toba, Vanisha and Zeenat. 4. Organisation How will you make decisions? Group discussions: Meetings will be arranged and all members of the group will be expected to attend, all matters of importance to the group will then be talked about, the group will then together come to an agreement or a decision about the topic in discussion. What are each person's responsibilities? Administration: Was in charge of keeping minutes during meetings and producing agendas for the following meetings and making sure all subjects that needed to be discussed were done and an appropriate amount of time was spent on relevant issues relating to the business and members. ...read more.


After deciding on our target group we needed to find a product, which would attract our target group and appeal to them in order for us to make a profit. We decided on the idea of selling bags, the bags would have unique and stylish patterns printed onto them to make them more eye catching by using a silk screening process. Where will you sell your product or service? The bags/products will be sold at all major school events, for example, parents evenings, school plays, etc. It will also be sold at upcoming YE trade fairs and other events at which we are eligible to sell at. How will you advertise your product or service? Our products were advertised using posters and leaflets and also by word of mouth. We also produced a display board containing information on our company such as; * When it was started. * Why it was started. * How it was started. * Who was in charge of what? * Our aims and objectives/goals. The display board also showed pictures of us working together, producing the bags and also held samples of some of the bags made; it also had diagrams of how we wanted the bags to look when we were at the planning stage. 8. Designing and Making. What are the main steps involved in making your product/providing your service? In the process of making our product we needed to make sure that we had everything needed to produce the bags. The art teacher helping us knew exactly when we wanted to make them. We also had to give her 24 hour notice in order for her to able to get everything ready in order for us to begin silk screening. All the screens needed to print the bags had to be treated before hand; we also had to make sure that all the colours we wanted to use were available. ...read more.


smoothly and according to plan, timetables had been drawn up to indicate us of when we needed to move ahead and start another part of our project. Task 3 Your project will need to be monitored to check if you are achieving objectives. You will need to include how your project was monitored. We monitored our project by trying to stick to the timetable which had been produced outlining when each stage of the project needed to begin and end. We held regular meetings and kept agendas to make sure we were on track and we knew exactly what was going on. Gantt charts: Gantt charts are useful tools for planning and scheduling projects. * Gantt charts allow you to assess how long a project should take. * Gantt charts lay out the order in which tasks need to be carried out. * Gantt charts help manage the dependencies between tasks. * Gantt charts determine the resources needed. Gantt charts are also useful tools when a project is under way. * Gantt charts monitor progress. You can immediately see what should have been achieved at a certain point in time. * Gantt charts allow you to see how improvements may bring the project back on course. Task 4 Identify the critical paths in your project. Show that you can make use of appropriate network techniques to monitor project development effectively. Task 5 We didn't have a contingency plan as we hadn't realised we needed one. But if we had decided to make one I think it would've been quite beneficial and helped us get things done quicker as there were quite a few unforeseen events which took place that could've been handled better if planned for. For example, when we decided to replace our managing director we hadn't realised or thought that we would've needed to. If we had planned and had chosen a deputy managing director then we wouldn't have needed to spend so much time finding replacement. ?? ?? ?? ?? 1 ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our AS and A Level Structures, Objectives & External Influences section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related AS and A Level Structures, Objectives & External Influences essays

  1. business plan cafe

    You need to decide which customers to target. You need to work out how you will reach and win new customers. You need to make sure that you keep existing customers happy.

  2. Spreadsheet Report for Tuck Shop

    The formula I used is =SUM(C5*'Product Information (week 1)'!D5) I then copied down the formula to the other cells in the column. The screen shot below shows the formula. Using the formula =SUM(C5*'Product Information (week 1)'!D5) I finally used two formulae to work out the 'Total money spent on buying products' and the 'Total money received from products'.

  1. For my portfolio, I was asked to do an assignment on two businesses. I ...

    In East Ham there are more than 45000 peoples but Vectone used to serve less than 1000 peoples in a week because sole traders in manor park such as Seelan enterprises, KSP, Sakthi cash and carry, Judiya enterprises used to attract customers with special offers and the peoples doesn't spend more money in communication when compare to food and drink.

  2. Differentiate between strategic planning and operational planning.

    (Kielburger, 1998, p. 312) The last two examples show a great difference in behaviour changes and unhappiness over a socially irresponsible company. It clearly displays the strengths and thoughts of both the consumers and the public. In the case of "NIKE" the media (newspaper)

  1. This is a detailed business report on Sainbsurys.

    This makes provision for death, resignation or bankruptcy of a partner. A deed identifies the way in which the partnership will be operated. It covers the following: * Arrangements for sharing of profits * Liabilities in case of debt * Continuation after death * Resignation of a member and etc.

  2. Business report on J Sainsbury's.

    to increase profits by 10 per cent. Short-run objectives, usually set up for up to a year ahead, are used to support the long-run objectives, e.g. to increase profits in the northeast by 15 per cent. Mind you objectives can change over time depending on conditions in the external environment and on internal policies.

  1. Objetives,Stakeholders and Responsibilities of Warwickshire College

    * Measurable - an objective should be capable of measurement * Achievable - the objective should be realistic given the circumstances in which it is set and the resources available to the business. * Relevant - objectives should be relevant to the people responsible for achieving them * Time Bound - objectives should be set with a time-frame in mind.

  2. Applied Business. Investigating a business Preston Manor High School

    As the other schools such as Copland specialize in science, Copland might want to improve the facilities also, provide more equipments etc. Preston manor will have to take this in consideration and try to make their facilities much better than the others.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work