Summary QFT1 – IT Management Capstone Project – QFT1.doc

Company Identification The company’s name is Edu Tech. It is primarily set out to produce the most user-friendly hardware and software resources for the education sector. Edu Tech is based at 1004 Payton Ln, Euless, TX, USA. It is five rooms home with a kitchen and a sitting room, a cozy place where awareness and demo sessions could be conveniently held. Mission of the company To provide the best IT software resources for the educational institutions all over the USA that ranging from ideal consultancy to use of smart boards while delivering lecture in the class. Explanation The education sector is incomplete without the use of IT. The world shall never stop and so the following two field’s technology and education would too never stop to grow, develop and shall continue to get richer. Each day technology has something new to emerge with and so the company aims to capture such a market share; furthermore, it has a blend of individual entrepreneurs to corporate clients who not only consider Edu Tech as the most reliable, but dependable as well when it comes to integration of education and IT. Edu Tech Business Plan 5 Business Goals The Business has following goals to achieve in the first calendar year after the launch and commencement of business:  To apply for a grant out of the government’s reform, Global Partnership for education Program, so that goods and services could be provided at a lower price initially for marketing of the business.  To attract at least two not-for-profit clients in this sector. Keys to Success Since the company founder Manoj Adhikari himself being an IT student and more importantly, a student of Business Management Information System. He has an idea of how the fields can be integrated as a business to run successfully. Moreover, he got the real-time IT software development experience; furthermore, train-instructor based on his experience and knowledge and tutor for more than 5 years of life, therefore, he has the advantage of knowing how a teacher or a professor or an administrator feels when it comes to use of IT resources in teaching. Furthermore, he also has quick links to the known industry leaders in education, which can be turned into long-term regular clients. The other definable success factor for Edu Tech would be to keep its employees are extensively aware of the changing needs of the sector and how IT could help fulfil those needs. They would be specifically trained for the sales skills and how only walking and talking could they advertise the products. Edu Tech Business Plan 6 Company Summary Industry History Mainly, it was the years 2008 to 2011 when the IT resources started to apply in the education field. Different governments started with research based servers for centralization of student information, based on population, demographics etc. many public schools in US are managed by advanced software resources now and worldwide, these software resources are used to keep track of online programs sources etc. regions like Jamaica, Caribbean and Latin American states began in the year 1993, to integrate their educational systems with IT and then number of governments started using these software resources. However, there aren’t many competitors in this field and market penetration and market expansion are easy to achieve objectives (Cassidy, 2016). Legal Form of Ownership In the beginning, the business would be run as a sole-proprietorship, with only one employee who would be responsible for software development etc. timely, a content developer on freelance basis could be hired who would be paid per article. With time, the founder shall seek opportunities and if feasible, would introduce and admit one to two partners in the business, which will increase the investment, workforce and working capital as well.