Assignment: Proposal
Imagine that you just created a new start-up company. You want to compete in the growing industry of drone navigation systems. VectorCal is the only major company in the field. You also want to be a leaner, faster version of a company that you view as being too slow and costly. Note: you may create and /or make all necessary assumptions needed for the completion of this assignment.
Write a two to three (2-3) page paper in which you:
• Describe the new start-up company that you have created. Include in your description the nature of your company, its mission and vision, your company's product, an analysis of your staff, and your target clientele.
• Criticize VectorCal's forecasting method. Determine the appropriate forecasting approach for your company. Provide a rationale to support your determination.
• Suggest the semi-variable, allocated, and indirect costs that you should address in the startup phase of your company. Provide a rationale to support your response.
• Use at least three (3) quality resources in this assignment.