Masterpiece is a new startup company
Masterpiece is a new start-up business with the central purpose of managing technological entrepreneurs in the modern century. The startup company also aims to propel into a highly uncertain digital future. Masterpiece organization has evolved mainly motivated by the desire to promote automatic aerial robots that can support people in chief environments and occupations. The groundbreaking start-up, Masterpiece has raised more than $5 million to support the venture capital rounds, public grants and competitions. The company will engage in engage in purchasing the industrial drones and equip them with some proprietary inspection and navigation software and sensors. The technological experts for the firm will later deploy some high-tech free flyers that will execute unexpected close-up inspections of industrial wind turbine blades. The organization will have to examine the first three turbine blades in a single flight maybe in less than 20 minutes per review. A significant control means that there is a faster turnaround that identifies a problem and later fixes it. This means that the firm will spend less maintenance and operation costs(Hauert, 2016). Masterpiece company, therefore, makes the job safer than it had been before. The main competitor for masterpiece company is other Wells know organizations like Sky Specs. The main product of the organization is the delivery drone that will fly anywhere in the country.
The staff consists if a research team that has engaged in robust robot programs. The work of the team is to investigate various ways that will build aircraft that can fly themselves without the use of a GPS. This culminates in the fixed drone wings that will use laser range finder through the use of autonomous navigation (Applin, 2016). The best clientele for the company is standout tech startups who need to engage in “smart gun” venture so as to embed fingerprint sensors through the use if firearm triggers that will enable authorized users to unlock the weapons. This will assist in creating a cyber security that will be useful for a various upstart organization that offers services to companies like Facebook, Toyota, and Etsy. Masterpiece group will also coworker a space that will equip the locals with tech skills that require some competition in the growing digital market jobs.
VectorCal’s forecasting method is not a significant method for forecasting because it only uses a time-series of forecasting. The best prediction approach for use by Masterpiece company is scenario writing. Scenario analysis, scenario planning, and scenario thinking is a strategy used during scene preparation which some companies use to assist them to brand more flexible and robust long-term strategy. Scenario writing is used in forecasting so as to generate various imaginable outcomes(Rao, Gopi & Maione, 2016). The strategic planning team is, therefore, efficient through the creation of scripts for the drone organization. The planning groups take part in challenging each other about the likely scenarios. Masterpiece team should, therefore, focus on using script writing to asses on economic development and technological innovation. Scenario writing is necessary because it uses SWOT analysis stage for strategic planning instead of gap analysis stage for forecasting.
Masterpiece organization should use fixed costs for the business products so as to pay off the volume of goods and services that the company provides. In this case, the fixed cost will be overhead. In this case, the cost will include the rent for the space that the corporation will occupy. The fixed costs will also cover the payroll on a weekly basis. The organization should also include the depreciation on the equipment as the fixed expense. I, therefore, suggest that Masterpiece company should use fixed costs as the semi-variable costs so that it can reduce on various fixed costs. This will also aid to improve the cash flow and will require decisions like stirring fewer expenses on workplace or lessen the number of workers.
References
Applin, S. A. (2016). Deliveries by Drone: Obstacles and Sociability. In The Future of Drone Use(pp. 71-91). TMC Asser Press.
Hauert, S. (2016). Building a Startup Ecosystem for Robotics in Europe [Industrial Activities]. IEEE Robotics & Automation Magazine, 23(3), 14-16.
Rao, B., Gopi, A. G., & Maione, R. (2016). The societal impact of commercial drones. Technology in Society, 45, 83-90.
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