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Cross Cultural Management

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Business Proposal: “Lotus Lounge”

[Sara Mohammed Bajahmom 201200161]
[Prince Mohammed Bin Fahad University]

[Section 211]
[P.Dr. WiSi Elhassan]
[March 9, 2016]

Table of Contents: Executive Summary 3 Statement of Problem 3 Background 3 Benefits 4 Needs 4 Data Sources 4 Limitations and Contigencies/Scope 4 Objective and Methods 4 Time Table 5 Materials and Equipment 5 Cost and Budget 6 Expected Results 6 Summary 6 References 8

Executive Summary
PMU staff and students have always dreamt about a place to sleep and relax peacefully during their long breaks. This business proposal focuses on constructing a lotus lounge and to locate it besides PMU building. The expected financial plan for this business proposal is 2,194,500 SR.
This facility will create a better environment for both students and staff as they will be able to relax their bodies from daily stress. On the other hand, this proposal will also generates profit for PMU, as students and staff will be required to pay 10 SR/hour to enter the lounge. PMU is well known university in the Eastern Province and internationally, as it is one of the fast growing universities in the gulf region. Through its accreditation by national standards, PMU have been able to pull out an impressive standard. However, students and staff have been complaining about the long gaps between their classes.
Statement of Problem
One of the main important factors of any undergraduate is time management. As students are being stressed and filled with endless assignments, projects, quizzes, and midterms. Therefore, time is huge factor in a PMU student, unfortunately the long breaks between classes destroys the time of the students.
However, creating a place for students to relax and refresh their minds will help in making them more effective. As our minds need to have a break in order to function effectively and to produce better results.
Background
Students have tried to avoid this problem by registering to earlier classes to remove the gaps between classes. However, classes at PMU cannot withstand large number of students in one class. Therefore, this project is aiming for helping both students and staff by finding a solution that can benefit both sides.
Need
As students failed to make their classes close together without any gaps, they are filling their free time on either playing cards, chatting, or doing any other unhealthy activities. These does not help students to be effective and will results in a less professional students. And while they enter their late classes, they will be already exhausted and will eventually sleep during class.
Benefits
The Lotus Lounge will results in many benefits for both parties; students and staff. As they will be able to interact with one another and to have an outside university experience. Students will be able to communicate with one another and to enrich their communication skills. PMU will also benefit from this project, as students and staff will be forced to pay a charge of 10 SR/hour.
Data Sources
There are no specific data sources for this project, however, Bradley and Queen University were taken as an example for offering lounges for students and staff.
Limitations and Contingencies/Scope
Like any other project, it is normal for lotus lounge to face shortcomings, for instance, some students could be disturbing others who are trying to relax. To eliminate this to happen, a staff will be employed from student affairs to moderate the lounge and to make sure that everything is under control. Many may just mention that Dunkin Donuts and Jamoka are places to relax on, however, they do not offer beds and other facilities that will be on Lotus Lounge.
Proposed Plan
Objectives and methods
PMU is well known for its professionalism and its fast growing educational background. Lotus Lounge will be able to contribute on the success of PMU by creating quite environments for both students and staff to relax on. This will help in attracting more students and staff as PMU will have a good public image and this by itself will increase the revenue of PMU.
Methods that will be followed in achieving the construction of Lotus Lounge: 1. A piece of PMU land will be chosen in order to start the construction of the building. 2. Analyzing, planning, and preparing for the project; this will need the thinking skills of planning the interior and exterior design of the building. 3. To announce the construction of the lounge once it starts, by sending flyers, emails, and broachers. 4. Specific marketing techniques will be used, such as, for the first ten students to subscribe will have the first 6 months for free, and then they will need to pay an annual subscription.
Timetable
Time required | Time to finish the interior and exterior | Time for advertisement | Time for the opening ceremony | 8 months | 2 months | 1 month | 1 month |

Materials and equipment 1. Bedrooms 2. Television 3. Washrooms 4. Refrigerator 5. AC’s 6. Sofas 7. Chairs for café room 8. Pool
Cost and budget Item | Cost per Item | Quantity | Total Cost | Construction | - | - | 2,000,000 SAR | Utilities | - | - | 50,000 SAR | Air Conditioning* | 2,500 SAR | 5 | 12,500 SAR | Coffee Shop | - | - | 25,000 SAR | Café’s Chairs | 300 | 10 | 3,000 SAR | Café’s Tables | 400 | 5 | 2,000 SAR | Sofas | 10,000 | 3 | 30,000 SAR | Beds | 7,000 | 8 | 56,000 SAR | TV | 7,000 | 1 | 7,000 SAR | Pool Table | 1,000 | 1 | 1,000 SAR | Washroom | 6,000 | 1 | 6,000 SAR | Other Accessories | 2,000 | - | 2,000 SAR | * | 2,194,500 SAR |

Expected Results
If this business proposal goes as planned and if PMU supported the idea of having a Lotus Lounge nearby PMU. Then this will make students and staff more satisfied as this idea is both new and innovative. Both universities Bradley and Queen have pulled out a huge success after they have built their lounge and their students have become more successful.
Summary
To sum up, the main goal for this proposal is to create a better environment for both students and staff, this will be accomplished by building a Lotus Lounge. In which students and staff will be able to relax and to empty their heads from daily stress. This proposal mentioned the statement of problem, need, benefits, scope, objectives and methods, timetable of the project, materials and equipments, cost and budget, and the expected results. Therefore, I urge you that you take this business proposal under consideration as it will change the image of PMU if we implemented it.

References

Bradley University. (2014). Lydia’s Lounge Policies. Retrieved April 08 2015 from http://www.bradley.edu/campuslife/sao/resources/policies/lounge.dot

Queen’s University. (2012). Law lounge revamped with support from students, donors. Retrieved April 08, 2015 from http://www.queensu.ca/news/articles/law-lounge-revamped-support-students-donors

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