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Unit 3 Ip for Advanced Entrepreneurship

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Submitted By suburbanmomma
Words 1118
Pages 5
American InterContinental University
MGMT422-1301A-01: Professor William Becker
March 6, 2013

Abstract
This essay will discuss a proposal made for Triangle Solutions. We will be proposing to create plastic strips for fully-automatic processing machines.

Triangle Solutions Plastic Stripping
Part I: Proposal
The new product is a special plastic strap that will be exhausted in automatic plastic packaging machines that are exhausted in high-speed packaging businesses. These straps will consist of precise measurements, highly-tested durable stamina, and external attributes that will allow for less than one mistake in every one-thousand uses in totally automatic devices.
Industry
The industry, of course, will be the plastic industry which is the third biggest industry within our nation. According to data from 2007, the plastic industry opened up jobs for more than a million laborers, made almost $400 billion in yearly shipments, and had a trading excess of $11 billion. The United States plastic industry has increased their productivity and shipments quite a bit (Plastic Industry Facts, 2007).
Market Size
The entire plastic shipment was thought to be around $400 billion. It is also thought that the market for our straps make up 0.5% of the plastics market, which totals out to almost $2 billion (Plastic Industry Facts, 2007).
Team Requirements
The necessities for our team will be: operations team, marketing team, finance team, administration team, as well as a human resources team (Team Building-A Complete Guide, n.d.). Our operations team will be ran by an operations boss that is experienced in the plastics fabrication process. The person running our marketing department will be experienced in industrial marketing. Within this industry, experience is a must. Our finance team will be run by a financial

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