Outlook for MagnaScope’s future
description
Transcript of Outlook for MagnaScope’s future
Basic Needs For Product Growth The company would need some type of
headquarters or base of operations for the planning and marketing of the product.
The company would also need a sizable workforce to produce, market, and manage the product.
Model Company: Karl Storz Karl Storz is the
leading Endoscopic Research & Manufacturing Company.
They have many offices worldwide, including their HQ in Tuttlingen, Germany.
Karl Storz employs hundreds, nearing a thousand strong workforce
Manufacturing Information For Magnascope
One unit takes around 100,000 man-hours to produce
An employee at Super Scopes works for 2,000 hours a year
It takes 50 employees to finish 1 unit in 1 year
Five Year Outlook For The Magnascope
Over the first years of operation, the would need to be patented, approved by the FDA, and invested in by leading medical instrument manufacturers.
Over the 1st year, a workforce of over a hundred employees would be necessary for marketing, management, research, and manufacturing.
A HQ should be established at this point.
Five Year Outlook For The Magnascope From the next 2 to 3 years, the company’s
workforce would need to double and possibly triple to be able to compete in today’s recessive economy.
Branches of the company should garner a considerable workforce as they spread along the country.
Many medical suppliers would have to carry the product in their catalog.
International marketing should begin if it is deemed possible to broaden the market of the product.
Five Year Outlook For The Magnascope In the 4th & 5th years of operation, the
company should now include a workforce of well over a thousand and be a major force in the endoscopic field.
Since the product is innovative in the sense that it is the most minimally invasive ovarian surgical procedure, it would probably affect the endoscopic market place as the dominant force in ovarian surgery.
Manufacturing Results In Super Scopes first year run it will
produce 2 Magnascopes The 2nd year of operation will yield 4 units In the 3rd year of manufacturing Super
Scopes will produce 6 units The 4th year will end in the production of 10
Magnascopes The 5th year of Super Scopes operation will
produce 20 units.