Professional Documents
Culture Documents
Team Members:
Name & Number Work Done:
Ibrahim Jebrin Logo Design, Website Design
1071126 Products & services, Market segmentation,
competitive Advantages & core competencies –with
Leader Naseem-, Key Success Factors, and Competitor profile
matrix, Business Strategy & Business Charts,
Promotion Strategy & advertising, Pricing Strategy,
and all Picture Designs.
Editing the work, Slides Design.
Meeting Minutes Writing
Rasheed Objectives, SWOT analysis (Strengths & weaknesses),
Sawalha IFE & EFE matrix, Financial Strategy (Budget &
1060524 Incomestatement)
Naseem Zeidan Mission Statement –with Ibrahim- , Marketing Strategy
1070583 (Customers’ Quality, Steps to promote our services &
build our customer base, Service Delivery Plan),
Helped in pricing strategy.
Proofreading
Salem Fawadla Goals, SWOT analysis (Opportunities & threats),
1081671 Competitors Comparison & Location Strategy.
Omar Ahmad Collects miscellaneous Information related to the
1081865 market, Growth rate, Inflation rate, Number of
Companies & related Regulations.
Helped in Advertising & promotion Strategies.
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Table of Contents:
• Cover Page 1
• Table of contents 2
• Mission Statement & Goals &
Objectives
– Mission Statement 3
– Goals 3
– Objectives 3
– Company’s Services 4
• Marketing Strategy
– Customers 5
– Pricing Strategy 6
– Location Strategy 7
– Promotion Strategy 8
– Competitive advantages 11
& core competencies
– Service delivery plan 12
• Financial Strategy
– Summarized Budget 13
– Income statement 14
• Business Strategy
– Business strategy type 15
– Competitors analysis & 15
Comparison
– Key Success Factors 16
– Competitive Profile 17
Matrix
– SWOT analysis 19
– IFE Matrix 21
– EFE Matrix 21
– Five Forces Matrix 22
– Business Chart 23
– Organizational Chart 25
– Future Organizational 26
Chart
References:
www.bplans.com
www.cia.gov
www.ramallahcci.org
www.floorplans.com
www.microsoft.com
Business Plan Pro 2007 software
Ms Publisher
Adobe Photoshop
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1.2 Goals:
1.3 Objectives:
• Achieve at least 70% customer satisfaction and retention at the first 6 months of our
start-up.
• Have a growth rate of 20% per month in our customers through the customized
marketing strategy.
• Train and educate our employees in order to get the services done in a perfect,
accurate and creative manner.
• Get $8000 Nis sales every month by delivering Event management services to at
least 4 firms.
• Pursue educational growth through training 2 students on event management every
2 months.
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• Meetings
• Conferences & Workshops
• corporate ceremonies and anniversaries
• exhibits & Trade-shows
• Corporate Gift Giving
• Corporate Entertainment parties
When it comes to the services we offer, we are flexible. Here is a list of sample services
we provide:
• Event Promotion
• Event Scheduling
• On-Site event management
• Creative Decoration Design
• Brochures Design
• Invitations Design
• VIP handling
• Audio And Visual Production
• Catering
• Webcasting
2 Marketing Strategies:
2.1 Customers’ benefits:
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‘JYSE’ strives to be the best choice for clients by helping to carry their event planning
burden. By professionalism at customizing clients’ needs and wants, ‘JYSE’ will ensure a
worry and hassle-free event management with a reasonable price.
2.2 Market segmentation:
The breakdown of the market for event management is wide and diverse. Our
services will be demanded from individuals as well as businesses. However, our target
market will be Businesses, since that they host large scale of events during the year, they
afford it, and also they need a successful and worry-free event. We have temporarily put
the individual sector aside because the majority of them prefer doing their events
themselves and they can’t afford an event management service.
2.3 Our Customers’ Characteristics:
Our target customers are profit and non profit companies who have upper middle income
in the west bank mainly in Ramallah. They are professional and they have a corporate
event to manage, and they are willing to spend some cash on hiring an event management
company to do that for them!
Our Palestinian Market is split into two categories when talking about businesses:
profit and nonprofit organizations. However, profit organizations form 55% of the market,
while nonprofit organizations are 45%.
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2.5Pricing strategy:
Since ‘JYSE’s services are offered newly with high level of quality that gives high
value to our clients, ‘JYSE’ will follow the ‘SKIMMING’ Pricing Strategy. With this strategy,
‘JYSE’ will charge a high price, although it will sell its services in low volumes, so it can
make high profits in such a strategy.
Our price is going to be hour rate, that is setting a 140 NIS / hour for the
management team work, and any accompanied service will be priced individually.
Total Cost per Hour = Total ExpensesTotal Productive Hours = 850002450= 34.70 nis/hour
= 11- .75×34.70=140nis/hour
Any accompanied services, products and/or materials will be added to this price plus
a markup.
‘JYSE’ is absolutely going to offer promotional pricing techniques, that are going to
promote our services, give value to our customers, and build our customer base. These
techniques will be:
• Cash Discounts: this technique will be offered to the first ten companies who
asked for event management services, and for returning customers.
• Bundle pricing: This will encourage our customers to buy our accompanied
products and services according with event management service.
2.6 Location:
The location of ‘JYSE’ must be convenient, Suitable and reachable to our customers.
Therefor, ‘JYSE’ will be located at the Central Business District, Al-Manara Circle, where
the highest concentration of businesses is there. So that this location will give ‘JYSE’ a
strong competitive advantage which is ease of reach.
We choose ‘City Center Building’ to locate ‘JYSE’. Although the rental cost is high
($100\m), ‘JYSE’ will benefit from the traffic and cluster of businesses located there & will
attract most of the businesses located at Ramallah.
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2.7 Steps to promote our services & build our customer base:
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event.
Total Cost:
$14,150
Our promotion strategy at ‘JYSE’ will focus on reaching as much as we can of our target
customers in the most creative and appealing ways. We will use publicity, booklets,
Brochures, and many advertising techniques like radio, banners, posters, business cards
and internet marketing strategies. We will know how to reach our potential customers
through targeting their locations, advertising in areas of their interest and reaching them
through the Word of Mouth technique.
Promotion Activities:
2.8.1 Publicity:
A. One of our publicity strategies will depend on the fact that we are the first
company in the field of managing business events in Palestine, in which we will
provide our customers the integrated & creative Event Management service
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through an international expert team. This fact will contribute to attract the
attention of Local Business Magazines, Local TV stations and radio stations who
would like to make interviews and programs with us. In return, this will provide
our business a very valuable promotion that costs nothing!
(Total cost= 0$\year)
B. ‘JYSE’ will also send representatives to Businesses in the target market area to
publicize and promote our services to those who might be interested.
(Total cost= 0$\year)
2.8.1 Advertising:
A. We will publish our Ads in the radio 3 times a day, focusing on times when
Managers & employees are most likely to be heading to there businesses or
coming back from it. The times that our ads will be broadcasted will be between
8:30-8:50 and 14:10-14:40. Our radio-ads will be attractive, informative and
appealing to our potential customers. Our radio ads will be published on two radio
stations, ‘Radio Ajial’ & ‘Radio Raya FM’.
(Total Cost: $9000\Year)
B. Three banners will be posted in Ramallah:
– The First is going to be at Ramallah City Street.
– The Second will be added to the ‘Irsal – Birzeit’ Street.
– And the last one going to be at ‘Al-quds – Ramallah’ Street.
Booklets and brochures will be designed and made for our business by Triangle Inc. which
will design an attractive informative and colorful brochures which will have all the
information that are needed about our Event Management Services. Booklets and
brochures will be distributed at our headquarters and other selected elite targets. 1000
copies of this kind of brochure will cost up to 300$. (Total cost= 600$\year)
Total estimated cost for our promotion strategy will be as provided in the following chart:
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The major inputs for my service delivery system include the following:
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2 Financial Plans:
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Revenues
Expenses
Marketing 60000NIS
Utilities 10000NIS
Other 5000NIS
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4 Business Strategies:
According to the market research analysis, ‘JYSE’ has a single direct competitor who
provides the same service we supply. This competitor provides event management for the
whole community –that is serving individuals in addition to businesses. It hasn’t been in the
market for a long time but it still having its customer base as well as its financial position.
‘JYSE’ also has a significant competitors, who are the hotels with conference facilities and
the employees who are wishing to do the events themselves. Although these competitors
are significant and there target market doesn’t overlaps ours, they are absolutely hindering
our service. However, those are easy to ‘Overmaster’.
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Customization 5
Clients satisfaction 4
Professionalism 5
publicity 3
specialization 5
Service value 4
Market share 2
Promotion 3
Financing 3
prices 2
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4.2.2 Competitive Profile Matrix:
Table 7: CPM
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According to this matrix, our company gets the highest score compared with our
competitors in the market.
Our professional team is strong at customizing our clients’ needs and wants to serve them
better in order to manage and retain the long term relationship that we are seeking to
build our enduring clients base. Our competition strategy will focus on the quality of the
service we supply to businesses, to provide them with the customized special event service
with a greater efficiency without errors, building a new rule in the events services: ‘ one
size doesn’t fit all’.
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Positive Negative
members
– Inability to cover most 2
– commitment to 3 regions at the same
technology time
– Financial position 1
– marketing leverage 2
– management 3
proficiency
development
– Relationships with 3
suppliers
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Strengths:
‘JYSE’ considers its team proficiency as the most powerful strength at the company;
the team is trained on event management, innovation, communication and accuracy. The
commitment to technology is also an internal strength, ‘JYSE’ carries its services out using
an up to date soft wares and hard wares. ‘JYSE’ uses a website (www.JYSE.com), event
management software, professional design programs, and updated hard wares to assert
the event success.
Weaknesses:
Since ‘JYSE’ is new in the market, our Brand name is not known in the market so far;
we will come over this through our marketing efforts.
Opportunities:
Since ‘JYSE’ is using the technology as strength, the continuous development at the
technology sector will be a main opportunity. Also the economy is facing a growth rate of
7%.
Threats:
Weaknesses have little effects on ‘JYSE’, and we can come over them easily. Also the
economy is facing Inflation rate of 10%.
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Tot 47
al
Table 11: FFM
Scale of importance: importance increases from 1 to 5
Scale of Threat to industry: 1= low, 3= medium, 5= high.
Minimum Score = 5 very attractive, Maximum Score = 125 Very Unattractive.
‘JYSE’ total weighted score is 47\125 which is 38%, the un-attractiveness of the
industry is (47-5)\125 = 42\125 = 34%.
These five forces unite with each other to define the industry’s attractiveness, and
the condition in which competitors compete. Here is the analysis of each force that would
affect ‘JYSE’ Company:
3.2 Rivalry among competitors: the west bank market for event management service
has 1 direct competitor, and 4 significant competitors. Those competitors are not
similar in the size and capabilities and they are not adopting a Focus Business
strategy. ‘JYSE’, according to Michael Porter tool of FFM, has an intensive rivalry
position among other competitors since it has a Focus – Differentiated Strategy
with less than five competitors in a good growing industry.
3.3 Bargaining power of the suppliers: ‘JYSE’ provides service that needs
technological supplies. Whatever these supplies, there are over a hundred of
companies that offer these supplies in our market. ‘JUSE’ may also need to
contract with hotels; it can easily switch them. According to this, ‘JYSE’ has
bargaining power on its suppliers.
3.4 Bargaining power of buyers: ‘JYSE’ has 5 competitors, which offers not
differentiated service, (follows cost leadership strategy), with few information
provided to our niche (businesses). Also the number of ‘JYSE’ is relatively large.
According to this information, ‘JYSE’ has a moderate bargaining power on buyers.
3.5 Threat of new entrants: the industry is very attractive for new companies to
enter, due to: low capital requirement, costs are not related to the size of the
company and production, there is no brand loyalty –till now- between customers,
and finally the government doesn’t restrict new companies entrants.
3.6 Threat of substitute services: although there is mostly NO substitute service of
‘JYSE’ service’s quality, the prices of resembling services are lower than ours, and
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also the switching costs are low. So the threat of substituting our services is
relatively high.
Our company is going to start with a small team made of 4 persons, who will
collaborate to pull off the perfect party. The team is made up from:
• Ibrahim Jebrin: the Founder of ‘JYSE’, and the President of it, who is responsible of
dealing with the clients, planning the whole event process, and evaluating the
situation.
• Rashid Sawalha: the Marketing & Sales Manager who is going to handle promotion
and advertising job, he is also going to take care of public relations management
as well as being the sales representative of the company, a team-member will
assist him in doing that.
• Omar Ahmad: Marketing & Sales Manager Assistant, he will be a sales person and
he will handle face to face marketing.
• Salem: the Staff and Cash manager who is responsible of Human fulfillment, cash
management, and purchases execution. There will be valets, receptors, and other
experts under his command.
This team will function as one with constant communication through weakly staff
meetings and daily emails. All jobs are interrelated and the performance of one will
affect the performance of others, therefore, every team member expects the best from
others.
As ‘JYSE’ growing, additional specialized positions are needed. And to fill these
positions, ‘JYSE’ is going to scan the market for energetic, teachable, detail-oriented
persons who want to grow and succeed.
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Decoration, Brochures
Ibrahim Jebrin Computer proficiency,
and Invitations Design, $2500
massive design
President Audio And Visual
courses,
Production, event
Communication and
planning, dealing with
leading sessions, and
clients, and evaluating
practical project
the events.
management.
ISDL, Leadership
Salem Human Resources $1500
Session, Computer
Fawadla fulfillment, Cash
Skills, Human
management,
resources
Accounting, Financing
management course,
Issues.
financial excel
management course &
Bisan Program course.
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4.5.2 Current Organizational Chart:
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