Business plan - CoViTek Essay Example for Free

Business plan CoViTek Essay CoViTek is an Atlanta based company that offers a unique value added service to the $11 billion dollars video rental industry. CoViTek will revolutionize the industry by renting movies through its video vending machines. These machines are already experiencing tremendous success in Europe, where they were invented. Customers will now be able to rent videos twenty-four hours a day, seven days a week in a timely and efficient manner at the lowest price. Our machines can be implemented anywhere, even in locations that are not accessible to our brick and mortar competitors, and we will therefore focus our efforts on all the strategic locations. Reve-lution Int. will offer a unique business-to-consumer service for the rental of videos and DVDs. The technology, containing a fully automated system, will facilitate continuous rental and return of movies bridging the gap between video stores, who only are open 15 hours a day, and services such as the nonexistent Kozmo. com, who offer video delivery for a premium price. The company has a cost-per-action (CPA) pricing structure. CoViTeks target customers will include universities with a student body of at least 10,000 in addition to the rest of the city of Atlanta for the first six months of operation. CoViTek will provide their clientele with a complete set of integrated tools within the machine to make accurate and enjoyable purchasing decisions. CoViTek will give video rental customers the freedom of rental 24 hours a day, seven days a week, all year long. CoViTek will build the worlds truly first convenient and efficient rental system Target Customers Movie rentals have proven to be an integral part of the everyday lives of the American population. With more than $11 billion dollars in rental sales in 1999, we acknowledge the aggregate demand for the video rental industry. Constantly seeking immediate gratification, video rental stores want the most efficient and cost-effective methods of satisfying their customers. CoViTek will make rentals simple by providing consumers the most efficient tools for with which to initialize a rental process. With the killer application technology used in these machines, the customer will be able to conduct multiple searches in order to rent the movie of their desire. CoViTek will further assist them through the provisions of an active preference search, which is currently being used by Amazon. com. This application will determine what the customer rented last and list the preferred movies of that category the customer will like based on past rental behavior. CoViTeks potential customers will represent the bulk of video rental households who value rental outlet convenience and flexible payment plans. CoViTek will strive for the most efficient, cost-flexible payments and active searches for preservation of quality time. Market Growth Perspective According to analyst Paul Keagan Associates, at home movie consumption expenditures will increase approximately 40% by 2005 to $27 billion, almost triple the amount spent in 1990. The vast majority of these expenditures, about 83%, will be for video/DVD rentals and retail. However, movie consumption will also encompass pay-per-view and video on demand (VOD) available through cable and satellite services. Video Production Companies Ninety percent of our videotapes will come from one of the six major production companies: 1. Buena Vista 2. Warner Bros. 3. Universal 4. Fox 5. Paramount, or 6. Columbia-Tri-Star The power of these suppliers is very high, as they hold the exclusive rights to the movies they produce. One of our late competitors, Kozmo. com, has built a unique strategic partnership with these production companies. They have developed a profit sharing system with the major production companies requiring no initial investment in the videos, but agreeing to give 40% of the revenue generated by the rentals to the producer of the movie. We believe that this profit sharing system is financially unattractive, although it will allow us to reduce our initial investment costs; it minimizes our profits which in turn will delay our expansion strategy. We will use an initial video vendor, Video Bicicling, based out of Texas to supply us with our videos and DVDs. They will provide us with the most up-do-date movies for competitive prices. Competitor Differentiation CoViTek differentiates itself from its competitors in several key areas. While companies such as Blockbuster and Hollywood Entertainment offer the same features, only CoViTek will incorporate all of the features described below in a way that gives consumers the ultimate ease of use, active preference search, and extremely convenient locations of operations. Time Availability CoViTeks competitive advantage is based on its time availability for rentals. The machines will be open and available for usage 24 hours a day, seven days a week, all year round. CoViTek will keep customer service readily available even throughout holidays. Strategic Locations CoViTek will implement the vending machines in key strategic locations after performing a detailed demo-geographical analysis of the city of Atlanta. Locations will initially be university campuses and later the urban areas of the city. Each machine will be located in areas where there is heavy human traffic. Payment Flexibility Our pricing will be flexible depending on the amount of time the video is out. Since CoViTek is a system that is open 24 hours a day there are no late fees associated in our model. Our standard rental time for DVDs is midnight of the following day for a price between $2. 50-$3. 00. Each additional day will be between $1. 50-$2. 00. Video Cassettes will be $3. 99 and if returned within 24 hours $1will be credited back. Each additional day will be $1. 99. (Based on new releases) Active Search CoViTek will use an innovative application technology which actively searches for videos categorized by title, actor, new releases, type of movie (action, thriller, comedy), and most frequently rented movies. Relative Competitive Factor Blockbuster Video Hollywood Video Kozmo. com CoViTek Relative Product Quality and Differentiation i i i i Flexible Payment Plan i E-commerce Based i i Brand Recognition % 100% 63% 40% N/A Locations around campuses i i i i Locations on Campuses i i Large video selection.i i Number of employees less than 5/ location i One of the most compelling aspects of the CoViTek model is its portability into untapped realms of video rental opportunities. This will provide the company with a critical advantage-the flexibility to transform itself in response to competitive challenges or to shifts in the video rental market environment. CoViTeks flexibility will give downside protection to its owners by insuring that new, innovative means of generating cash flow can be realized. Future elements of CoViTek may include: National Expansion. Video rental opportunities in selected national markets such as: Washington D. C. , Los Angeles, Miami and Huston. Washington D. C: our second location has similar features to our first city of operation. It has a few large universities, widely used public transportation, and high pedestrian traffic. The schools we target will be American University, George Washington University, and Georgetown University. Our downtown locations will depend on areas where there is an intersection of the public transportation lines and high pedestrian traffic. Data Distribution. Future plans may include the sale of CoViTeks proprietary online consumer data to the major video production companies. Specialized Machine Content Another growth opportunity for CoViTek in the future is the implementation of machines with customized video selection. The content of these machines will be select videos and DVDs targeted toward an audience based on specific themes. These machines will be placed in strategic locations based around their themes. Some possible themed machines may include: classic movie machines, foreign movie machines with Spanish subtitles or dubbing, and award-winning movie machines. The placement of these machines will require careful market analysis and planning, and therefore we plan to wait before implementation to gather enough data about the market and the purchasing patterns of our customers. Investment Needs Michel Khoury founder of CoViTek, has accumulated cash in excess of $10,000 for the development and the start-up cost of the company. CoViTek is now prepared to obtain financing through establishing a line of credit and implementing an equipment loan for its initial machine. It will later apply for loans as needed in order to buy more machines as it expands its operation. Using the machines and earnings as collateral CoViTek should have sufficient funds to obtain a line of credit that will secure its implementation of strategy. The initial stage of funding will be used to complete Web-site development, obtain one machines, invest in computer hardware and software, lease location space needed for the machines and market CoViTek during the first 12 months of operations. After 12 to 18 months of operation, CoViTek will require an infusion of an additional $15,000 to expand its brand image and increase its service offerings at an accelerated pace. Successful development and operation of CoViTek will allow it to be self-sufficient within approximately 9 to 12 months of initial operation. CoViTek will be a for-profit company incorporated in the state of Georgia. CoViTek Start up costs Machines $20,246. 64 Inventory: video tapes $9,210 Cash/ month $2,808 Advertising $8,000 Legal Accounting $7,000 Insurance $3,000 TOTAL $50,264. 64 Management team Michel Khoury Chief Executive Officer Founder While founding CoViTek, Michel Khoury is Assistant Managing Director at Bear, Stearns Co. Inc. He is working hand in hand with the Managing Director of the company in order to implement a system of bringing foreign investment to the company. He has had significance experience with young ventures as he has participated in the creation of several companies nationally and internationally. Michel Khoury is also consultant to the CEO of Santege Capital Asset Management Group in New York City. Michel Khoury graduated in May of 2001 from Emory University with a Bachelor of Business administration with concentrations in Finance, Consulting, Venture Management and Marketing.

Karl Marxs Life and Work Essay -- Karl Marx Biography Biographies Ess

Karl Marx's Life and Work As a German philosopher, a politician, and an important figure within the Communist League, Karl Heinrich Marx birthed a new way of looking at things through his beliefs, ideas, and writings. Karl Marx was considered to be â€Å"†¦certainly one of the most important minds of modern times†(1). He wanted to know more about philosophy, so that he might understand the political and social system better. http://csf.colorado.edu/mirrors/marxists.org/archive/marx/photo/index.htm On May 5th, 1818, in Trier, Karl Marx was born of Heinrich and Henrietta Marx in the German Rhineland. Studies say that Karl’s family was of a large size, consisting of about four children: Karl, Sophie, Emilie, and Luise. His mother, whom belonged to a family of Hungarian Jews, died in 1863,yet was always considered to be a lovely wife and mother. The Jewish blood that ran through the family ultimately impacted Karl’s fate. When Karl was six years old, he adopted Christianity because at the time it was considered as an act of civilized progress. His father, a highly educated lawyer whom admired eighteenth century literature (of the French Enlightenment), was a â€Å"Prussian patriot† and a Jewish believer. Karl and his father held a personal relationship, to which they enjoyed a close friendship. His father did indeed influence him greatly, but Karl â€Å"did not believe in the power of rational argument to influence action,† (2) as did his father . In high school, Marx was a good student, whom often expressed interest in the peasant community. He also evolved into a reader of new romantic literature. In 1835, he was a student at the University of Bonn and had ... ...death influence the lives of many. Notes: 1. Robert C. Tucker, Philosophy and Myth in Karl Marx (New Brunswick, NJ: Transaction Publishers, 2001), 233. 2. Isaiah Berlin, Karl Marx: His Life and Environment, 4th ed. (Oxford [Eng.]; New York: Oxford University Press, 1978), 22. 3. Franz Mehring, â€Å"Karl Marx: The Story of His Life†, Chapter One: Early Years, October 2000 http://www.marxists.org/archieve/mehring/works/marx/ch01.htm (10-29-01) 4. Mehring, 3 5. Mehring, 6 6. David Riazanov, â€Å"Karl Marx and Frederick Engels†, An Introduction to Their Lives and Work, 1927, . 7. Riazanov, ch 2 8. Riazanov,ch 4 9. David Mclellan, Karl Marx: His Life and Thought (New York, Evanston, San Francisco, London, 1973), 451.

Anne Bradstreet – 3

Masab Mansoor 10/8/12 English III 5H Ms. Sanchez Anne Bradstreet: Uncustomary and Unique A seventeenth century poetic writer, Anne Bradstreet is a very important figure in American Literature history. Born in 1612 in England, she came to America as part of a fleet of Puritan emigrants in 1630. Bradstreet is considered by many to be the first American poet. Her writing style is typical of Puritan writing in some cases, and in other cases it is atypical of Puritan writing. Being a Puritan woman, Anne Bradstreet incorporated many ideas like religion into her writings, as religion was a fundamental, pivotal focus of Puritan society and life.In her poem â€Å"To My Dear and Loving Husband,† Bradstreet wrote, â€Å"The heavens reward thee manifold, I pray† (10). In this line Bradstreet is talking about praying to the Lord and heavens about rewarding her loving husband. This poem is more romantic than typical Puritan writing. This line is an example how Bradstreet included Pur itan concepts like religion and worship even into her more personal, romantic poetic writings. In Bradstreet’s poem â€Å"Upton the Burning of Our House, July 10th 1666,† Bradstreet in multiple instances wrote in a typical Puritan style, one with a focus on religion and the Lord.In lines 8-9 of the poem, Bradstreet wrote, â€Å"And to my God my heart did cry to strengthen me in my distress. † In this line, Bradstreet said that when her house burned down, her heart cried to God to give her strength in the tough time she was going to. Bradstreet showed how she believed in God as the one who provides strength in time of need. Also, in the same poem, Bradstreet wrote, â€Å"Thou hast an house on high erect framed by that mighty Architect† (43-44). God is the Architect that Bradstreet wrote about in these lines, and the Kingdom of Heaven is the â€Å"house on high erect†.Bradstreet showed that her focus was not on her burned house, but rather the house that God has for her in His glorious Kingdom. While Bradstreet does have many cases where she wrote in a typical Puritan style, she also wrote in a style atypical to regular Puritan writing. For example, in Bradstreet’s poem â€Å"To My Dear and Loving Husband,† she wrote, â€Å"If ever two were one, then surely we. If ever man were loved by wife, then thee† (1-2). In these lines, Bradstreet expressed her love for her husband quite explicitly and openly, which was not the typical Puritan writing style.Puritan women did not express their views and opinions publicly as it was frowned upon, especially one of such romantic content. Lines 4-5 of the same poem further show Bradstreet’s poetic romanticism when she challenged other women, saying â€Å"Compare with me, ye women, if you can. I prize thy love more than whole mines of gold. † This open provocation in which Bradstreet challenged and dared women to compare her love for her husband to their love for their husbands was quite atypical of normal Puritan writing.Not only did Bradstreet voice her romantic views, she challenged others to compare their love to hers. This romanticism that Bradstreet constantly included in the content of this poem showed that in some cases, she displayed a writing style atypical to normal Puritan writing. Bradstreet implemented a unique writing style in her poetry, one that included aspects of typical Puritan writing, like the focus on religion, as well as aspects that were not typical of Puritan writing, including her romanticism.Both poems, â€Å"To My Dear and Loving Husband† and â€Å"Upon the Burning of Our House, July 10th 1666† show how Bradstreet very interestingly mixed her two styles to give a distinct feel to her poetry; the juxtaposition between the typical Puritan style and the atypical romantic style brought a unique style to her writing. Her distinctive writing is what makes her one of the most important figures in the h istory of American Literature.

5.2 Summarise the Policies and Procedures Schools May Have...

1. Outline current legislation, guidelines, policies and procedures within own UK Home Nation affecting the safeguarding of children and young people. †¢ Working together to safeguard children (2006-2010) †¢ Children act (2004) †¢ Education act(2002) †¢ Disability discrimination act (1995) †¢ Special education needs (SEN) couch practice (2000) †¢ Data protection information handling and sharing 2. Explain child protection within the wider concept of safeguarding children and young people. This is when children are suffering from any form of abuse or neglect. It also involves protecting children and young people from maltreatment and preventing impairment of a child’s health and development by ensuring†¦show more content†¦Over a period of eight months, causing him 60 separate injuries including a broken back and ribs. It criticised Peters GP for not raising concerns when he found bruises on the childs head and chest after apparently falling down stairs. It chastised police for not investigating suspicious injuries, neither did the social workers and their managers at any time seriously think that Peter was being harmed or was at risk of harm. Peter Lewis, director of childrens services at Haringey, said improvements had been made at the council, with agency social workers accounting for 20% of staff, down from 45% at the height of the tragedy. He also confirmed more children in the borough were being taken into care - 620 were now in care, up from 460 18 months ago Alex Sutherland Alex Sutherland age 13 months was found dead in his pushchair in front of a blazing gas fire his body charred and burned, he Had been dead for at least three days till he got found. He had faeces on his hands, legs and buggy, had severe nappy rash and had bruising on his head and body. His mother, Tracey Sutherland, 39, was later admitted neglect and was jailed for 27 months. Pauline Newman, the city council’s director of Children’s Services, said it was clear ‘there were areas where we could have done better’ In March 2009 a review by Lord Laming said a higher priority should be given to childShow MoreRelatedUnit 3024935 Words   |  20 PagesLevel 3 Diploma in Specialist Support for Teaching and Learning in Schools Assignment – Unit 302 Schools as organisations (also includes unit 306 1.1, unit 333 1.1) Summarise entitlement and provision for early years’ education (Refer to Childcare Act 2006 and Every Child matters) (1.1) As part of the Childcare Act 2006 and every child matters, all 3 and 4 year old children in England are able to receive free, partRead MoreTDA 3.2 schools and organisation Essay examples3547 Words   |  15 Pages 1.1 Summarise entitlement and provision for early year’s education? 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Pearson Education is not responsible for the content of third party internet sites. ISBN: 978-0-273-73557-1 (printed) ISBN: 978-0-273-73552-6 (web) All rights reserved