Free Essay

Chip Executive Summary

In: Other Topics

Submitted By eagle948
Words 1646
Pages 7
CHIP Executive Summary
HCS 550
June 30, 2014
CHIP Executive Summary The process of implementing a health care policy involves important steps of legislation formulation before execution and monitoring for progression and improvements. Committees and subcommittees on levels of the government, state, and local legislation are inclusive in ensuring the policy is enacted both efficiently and effectively. To accomplish these goals and objectives legislators must develop rules and regulations that align with goals and objectives, and take precautions to form the proper language to explain the actions suitable toward a successful operation. Some steps in the process are repeated each time a modification in the policy occurs. Examination of the Children’s Health Insurance Program (CHIP), justification of the policy, the responsibility of legislative committees appropriated to the policy, the implementation process, and the impact on the community, are addressed in the contents of this paper. CHIP Policy Description The Children’s Health Insurance Program (CHIP) provides low-income families with health coverage because they are not eligible for Medicaid. Funds for this program derive from state tax collections, and are matched by the federal government. Individuals under the age of 19 may receive coverage for immunizations, routine examinations, office visits, hospitalization, diagnostics, prescriptions, emergency room services, vision, and dental care. CHIP coverage varies in each state therefore, the aforementioned services may not be available in every state (NCSL, 2014). Each state identifies the CHIP program with its own title. To illustrate, in Florida the program title is KidCare (Florida KidCare, 2014) whereas, in the state of Georgia the program’s title is PeachCare for Kids (HIF, 2014). The eligibility of coverage extends to pregnant women, parents, seniors, and those with disabilities. These candidates are a part of the mandatory group requirements, and each state has the flexibility to decide to include other population groups in their programs. If any state wishes to include additional groups for CHIP coverage they must apply for a waiver of the federal law through the Centers for Medicaid and Medicare Services (CMS) (Medicaid.gov, 2014). The program’s eligibility standards allow for families with income levels of 200% of the Federal Poverty Level (FPL). Some state’s standards are income levels of 250% of FPL and others can be 300%. Under the Children’s Health Insurance Program Reauthorization Act (CHIPRA), states are permitted to provide prenatal care, delivery services, and postpartum health care services to uninsured and low-income women as of 2009 (Medicaid.gov, 2014). Policy Justification In 1997 factors of the vast amounts of American families living at poverty levels, preventing them from Medicaid eligibility and not enough to afford to pay for health care coverage, fueled the need to formulate legislation for provisions of children’s health insurance. The purpose of Title XXI is to distribute funds to states for initiation and expansion of health care assistance to uninsured low-income families with children (NCSL, 2014). This issue is ongoing and according to the United States Census Bureau, in 2012 the statistics for family incomes were basically the same as 2011 where 46.5 million Americans were at or below the poverty line. After two years of annual declines, the rate of poverty was 15.0 percent. From 2007 to 2012 the percentage rate had increased 2.5 percent. The implementation of the ACA in 2010 resulted in the percentage of children under 18 without insurance decreasing to 8.9 percent from the 9.4 percent in 2011, a reduction of 6.6 million from the 7.0 million ("US Census Bureau," 2014). The poverty guidelines chart for 2014 indicates a family of four with an income of $23,550, in contiguous states including D.C., $29,440 in Alaska, and $27,090 in Hawaii are at the poverty levels of CHIP eligibility (WhiteHouse.gov, 2014). Evidence supports ongoing issues with uninsured children in America. The CHIP program’s existence is justifiably sound and will need both government and state’s continuous attention for modifications and funding. Legislative Committees and Responsibilities for CHIP Legislation of CHIP and committee assignments began with amending the Social Security Act to include Title XXI. The Balanced Budget Act passed in 1997 assigned appropriation to the U.S. Department of Health and Human Services (HHS) where general rules and regulations were established. State funding quantities, distributions, requirements, budget authority, general eligibility of families, the process of identifying and enrollment of candidates, outreach activities, and monitoring methods are some duties performed by this top committee (HHS, 2014). The state legislation is also inclusive of its HHS and responsible for collecting taxes to cover CHIP programs, individual rules, and regulations for effective and efficient operations. Although each state is given authority to operate their CHIP programs, general guidelines from the government level must be followed to receive federal funding to match state contributions. The local levels of the programs, such as community clinics and facilities that accept CHIP funds are subject to state rules and regulations to be compliant for operations (HHS, 2014). CHIP Implementation Process The Senate and House of Representatives meet each year to create new laws, change existing laws, and enact budgets for the state. The legislative process involves a series of regular, extraordinary or special sessions. The legislature may comprise of two houses or chambers, the Senate and the House of Representatives. Members of the House and Senate provide bills for consideration. These bills may have been “born” out of concern (rising death tolls because of drunk driving), or a member wishes to address an issue that is specific to his or her own district. Once a member introduces a bill, the legislative process begins. The legislative process involves a series of steps. 1. Introduction. The bill is introduced to the floor and the referral committee. 2. Committee Action. Committees hold three meetings. These are (1) work sessions (issues are determined and reviewed), (2) public hearings (testimony from interest groups or parties are taken), and (3) executive sessions held (the committee decides how to report the bill to the entire house). 3. Rules Committee. The Rules Committee comprises members of both parties. Members of the committee choose two or three bills that will move forward for consideration. 4. Calendars. The Rules Committee then decides which bills will be scheduled or reviewed for a second reading. Bills which may require a debate are placed on a regular calendar, and those that are not controversial are placed on a suspension calendar in the House and the consent calendar in the Senate. 5. Second Reading. It is here that amendments to the bill can be offered. 6. Third Reading. A roll call vote on the final passage of the bill is taken. If the bill passes the third reading in the second house and the second house does not amend the bill, the bill has passed legislature. 7. Once the bill has passed legislature it is considered to be “enrolled.” The bill is then signed by the Speaker of the House, the Chief Clerk of the House, the President of the Senate, the Secretary of the Senate, and then finally sent to the Governor for his or her action. 8. Governor Action. The Governor then reviews the bill, and may decide to sign it, veto part of it, or veto the entire bill. If the Governor decides to veto part or all of the bill, the legislature may vote to override the veto (Washington State Legislature, n.d). The Impact of CHIP on Communities Medicaid and CHIP provide health coverage for over 30 million low-income children, opening doors to children and their families to affordable preventive, primary, and acute health care services (Ku et. al, 2007). Since the implementation of the CHIP program, the rates of low-income underinsured children has fallen considerably. According to Ku et al. (2007), “The percentage and number of low-income children who are uninsured has fallen by more than one-third since 1997, when CHIP legislation was enacted. The growth in Medicaid and CHIP enrollment of low-income children more than offset the reduction in employer-sponsored coverage that occurred between 1997 and 2005.” Publicly insured children are more likely to have asthma, and health conditions that require regular treatment with prescription medications. Medicaid and CHIP helps to provide access to the medical care that otherwise may not have been accessible to these children. Even though there have been successes since its implementation, there are still challenges ahead such as new federal mandates, and funding. Local community efforts by local social service agencies, health departments and providers, all play a part in ensuring that low-income underinsured children are covered under CHIP. Conclusion The Children’s Health Insurance Program (CHIP) was enacted to provide underinsured children and their families with access to affordable preventive, primary, and acute health care services. Even though statistical data taken from various sources shows the plan has worked, there is still some cause for concern, as new federal mandates and funding may affect the program in the long run. Additional resources are still needed to ensure that low-income children and their families have access to health insurance coverage to help continually improve their health.

References

Florida KidCare. (2014). Retrieved from,

http://www.floridahealth.gov/AlternateSites/KidCare/

HHS.gov. (2014). Retrieved from, http://www.hhs.gov/regulations/

HIF. (2014). Retrieved from,

http://www.healthinsurancefinders.com/healthinsurance/georgia/CHIP.html

Ku et al. (2007). Retrieved from, http://www.cbpp.org/cms/index.cfm?fa=view&id=1296
Medicaid.gov. (2014). Retrieved from, http://www.medicaid.gov/AffordableCareAct/Affordable-Care-Act.html
NCSL. (2014). Retrieved from, http://www.ncsl.org/research/health/childrens-health-insurance-program-overview.aspx
US Census Bureau. (2014). Retrieved from, http://www.census.gov/newsroom/releases/archives/income_wealth/cb13-165.html
Washington State Legislature (n.d). Retrieved from, http://www.leg.wa.gov/legislature/Pages/Overview.aspx
WhiteHouse.gov. (2014). Retrieved from, http://www.direct.ed.gov/RepayCalc/poverty.html

Similar Documents

Free Essay

Management

...Executive Summary The purpose of an executive summary is to summarize a report. Executive summaries are written for executives who most likely do not have time to read the complete document. Therefore, the executive summary must cover the major points and be detailed enough to mirror the content yet concise enough for an executive to understand the substance without reading the entire report. An executive summary differs from an abstract. Readers use an abstract to decide whether to read the complete document. They read an executive summary to obtain information without having to read the report in full. The executive summary should be written as a document that can stand on its own and is usually written on one or two pages, depending on the length of the report. It restates the purpose of the report and describes any results, conclusions, or recommendations made in the report so that the reader understands the reasons for the conclusion or recommendations. Acronyms, symbols, and abbreviations must be written out. Tables and figures in the report should not be referred to by number in the executive summary. The audience for an executive summary is receptive to the message, so the writer should assume that the audience wants to know and understand the message. It is written in a formal tone using an impersonal style and eliminating first person pronouns (I, we, our, etc.). Use the following guidelines when writing an executive summary: • • • • • State clearly the purpose of......

Words: 1022 - Pages: 5

Premium Essay

D Department of Choice Chocolate

...Good and poor examples of executive summaries This is a GOOD example from an Accounting & Finance assignment. Footnote Executive Summary This report provides an analysis and evaluation of the current and prospective profitability, liquidity and financial stability of Outdoor Equipment Ltd. Methods of analysis include trend, horizontal and vertical analyses as well as ratios such as Debt, Current and Quick ratios. Other calculations include rates of return on Shareholders Equity and Total Assets and earnings per share to name a few. All calculations can be found in the appendices. Results of data analysed show that all ratios are below industry averages. In particular, comparative performance is poor in the areas of profit margins, liquidity, credit control, and inventory management. The report finds the prospects of the company in its current position are not positive. The major areas of weakness require further investigation and remedial action by management.Recommendations discussed include:  improving the average collection period for accounts receivable·   improving/increasing inventory turnover·   reducing prepayments and perhaps increasing inventory levels The report also investigates the fact that the analysis conducted has limitations. Some of the limitations include: forecasting figures are not provided nature and type of company is not known nor the current economic conditions data limitations as not enough information is provided or enough......

Words: 824 - Pages: 4

Free Essay

Exec Summary Electronic Discharge

...[Type the abstract of the document here. The abstract is typically a short summary of the contents of the document. Type the abstract of the document here. The abstract is typically a short summary of the contents of the document.] [Type the abstract of the document here. The abstract is typically a short summary of the contents of the document. Type the abstract of the document here. The abstract is typically a short summary of the contents of the document.] Electronic Discharge Summary EXECUTIVE SUMMARY Electronic Discharge Summary EXECUTIVE SUMMARY S. CHANDE, C. CHAHAL, N. GANDHI, A. HUSSEIN, K. MANOHARON. N. NURU S. CHANDE, C. CHAHAL, N. GANDHI, A. HUSSEIN, K. MANOHARON. N. NURU THE PROPOSAL There were 15 million discharge summaries produced for admissions into hospital last year. A staggering 80% of these were found to be inaccurate or incomplete and another 70% of these were reported as being severely delayed on a regular basis. This compromise to clinical care and patient safety is simply unacceptable.  Our empirical market research has found that the majority of junior doctors, the principal users of discharge forms, were unhappy with the current systems in place. It has also been reported that on average junior doctors spend more time carrying out admin duties than in formal training and teaching sessions. There are electronic discharge systems present however, these have been described as insufficient as they lack comprehensive coding and in some......

Words: 1303 - Pages: 6

Free Essay

Paper for Success

...Executive Summary: Organizational Focus & Goals Derron Venerable University of Phoenix HRM/326 MARIBEL HINES September 15, 2014 Introduction The purpose of an Executive Summary is articulate a full report with the least amount of words possible depending on the size and nature of the issue. In most cases executive summaries serve as a report for executives who do not have the time to read the full report; therefore, the summary will give the executive the information that he or she needs to understand the objective, the issue(s), and the plan(s) in place to solve the issue(s). The following summary is focusing on an on-going overtime issue that one of the company’s branches is having. Focus and Goals The current focus at this particular location is to complete the daily task in the fastest most efficient safest way possible. The goals are to minimize or combine the current routes, run the routes from the closet point to the furthest and create a benchmark for each driver to attempt to meet in a safe but efficient manner. The research states that if the routes are done in a sequence form from the closet point to...

Words: 706 - Pages: 3

Free Essay

Mta 620

...An executive summary, sometimes known as a management summary, is a short document or section of a document, produced for purposes, that summarizes a longer report or proposal or a group of r business elated reports in such a way that readers can rapidly become acquainted with a large body of material without having to read it all. It usually contains a brief statement of the problem or proposal covered in the major document(s), background information, concise analysis and main conclusions. It is intended as an aid to decision-making by managers[1][2] and has been described as possibly the most important part of a business plan.[3] They must be short and to the point. An executive summary differs from an abstract in that an abstract will usually be shorter and is intended to provide a neutral overview or orientation rather than being a condensed version of the full document. Abstracts are extensively used in academic research where the concept of the executive summary would be meaningless. "An abstract is a brief summarizing statement... read by parties who are trying to decide whether or not to read the main document", while "an executive summary, unlike an abstract, is a document in miniature that may be read in place of the longer document".[4] An executive summary differs from an abstract in that an abstract will usually be shorter and is intended to provide a neutral overview or orientation rather than being a condensed version of the full document. Abstracts......

Words: 315 - Pages: 2

Premium Essay

Marketing Plan

...Marketing plan ON ‘Carrot chips’ (A product of Bombay Sweets Bangladesh Ltd) 1 A Report ON ‘Apple chips’ Prepared by Dipock Mondal +8801916286988 2 |Table of Contents|| ||| Serial No.|Subject|Page| ||| |Executive Summary|I| ||| |Acknowledgement|II| ||| |Introduction|1| ||| |Current Situation (Macro &|1| |Micro Environment)|| |Market Summary|2| ||| |Target Market, Target Market|2-3| |Segment|| |Market Needs|3| |SWOT Analysis|4| ||| |Competition|5| ||| |Marketing Strategy|5| ||| |Positioning|5| |Marketing Mix Strategy:|6| |PRODUCT|| |Marketing Mix Strategy: PRICE|6| ||| |Marketing Mix Strategy: PLACE|6| |Marketing Mix Strategy:|7| |PROMOTION|| |Marketing Research:|8| |Financial Projections|8| ||| |Expenses Forecast:|8| |Sales Forecast:|9| ||| |Break-even Analysis:|10| |Implementation Control|10| ||| |Conclusion|11| ||| ||11| ||| 3 Executive Summary .Nestl Bangladesh Limited started its first commercial production in Bangladesh in 1994. In1998. Nestl S.A. took over the remaining 40% share from our local partner when Nestl Bangladesh became a fully owned subsidiary of Nestl S.A. Nestl Bangladesh's vision is to be recognized as the most......

Words: 3506 - Pages: 15

Premium Essay

Rfid

...1.0 – EXECUTIVE SUMMARY Advanced Consulting (AC) Inc. specializes in introducing and implementing new innovations into the workplace. The following proposal focuses on incorporating RFID chip bracelets into Just Relax Resort. We believe that the RFID chip bracelet is the most efficient and cost effective way for Just Relax Inc. to achieve its goals. These bracelets will simplify all guest activities, reducing wait times and service times, while maintaining security throughout the resort. AC Inc. is confident that this proposal will meet your expectations and goals for increasing security and visitor experiences, allowing Just Relax Resort to become the vacation destination of choice. By introducing RFID chip bracelets, RFID readers can be placed in many locations throughout the hotel and service areas. These bracelets will allow guests to pay for services with ease, sign up for various activities quickly and effortlessly, and ensure that their personal information is secure. The bracelets will have the chip imbedded within them and will also be waterproof, allowing guests to still enjoy all services around the resort. The RFID chip bracelet eliminates the need for guests to carry around ID or payment methods. RFID technology will exceed the expectations of guests in the resort. Upon completion of the implementation of this technology, queuing will be drastically reduced, customer experiences will increase, valuable information will be easily tracked, and customers......

Words: 254 - Pages: 2

Free Essay

Marketing Plan for Cliff Bar, Inc

...Marketing Plan for Clif Bar, Inc. Marketing Management– MM522 DeVry University, Keller Graduate School of Management Professor Gary Myers By: Chameer Moses Table of Contents Executive Summary 3 Executive Summary………………………………………………………………………………………....3 Situation Analysis 3 Market Summary4 SWOT Analysis4 Prioritized SWOT Analysis5 Competition6 Product Offering………………………………………………………………………………....6 Keys to Success…………………………………………………………………………………...6 Critical Issues…………………………………………………………………………………6&7 Marketing Strategy………………………………………………………………………………7 Mission……………………………………………………………………………………….. 7&8 Marketing Objective…………………………………………………………………………….8 Financial Objective…………………………………………………………………………. 8&9 Target Markets…………………………………………………………………………. ..9,10,11 Positioning…………………………………………………………………………………...11,12 Strategies………………………………………………………………………………………12 Marketing Mix………………………………………………………………………………12,13 Marketing Research…………………………………………………………………………….13 Controls………………………………………………………………………………………….14 Implementation process…………………………………………………………………….14,15 Marketing Organization……………………………………………………………………….15 Contingency Plan……………………………………………………………………………….15 Conclusion…………………………………………………………………………………...15,16 References……………………………………………………………………………………….17 Executive Summary Clif Bar, Inc. was found in 1992 by Gary Erickson. The nature of Clif Bar is the planet, food and community. They are working to reduce their ecological footprint in everything that......

Words: 3975 - Pages: 16

Free Essay

Frito Lay

...new chips brand called Sun Chips Multigrain Snacks. The product had been in test market for 10 months in the Mineapolis-St. Paul, Minnesota, and metropolitan area. The senior Frito-Lay executives need to decide it they would launch this new product to market officially after the test period. Objectives: (1) Extend its product to attract the customers who always look for new and variety product. (2) Update healthier recipe to meet the current trend of healthy eating. (3) Pioneer a new snack chip category to maximize profit in the new market. Concerns: (1) Whether the premarket test results can correctly reflect the market performance when it introduced to nationwide market.   (2) There are many competitors in national market or local market. It's easy for them to make similar products. (3) The advertising and merchandising budget will rise. (4) The new product will cannibalize volume from its previous products.  The Situation of the Company Frito-Lay, Inc. is a division of PepsiCo, Inc. It is a worldwide leader in the manufacturing and marketing of snack chips. It is capturing nearly one-half of the retail sales in the United States snack chips market. Well-known brands include Lay's brand Lay's brand and Ruffles brand potato chips, Fritos brand corn chips, diorites brand, Tostitos brand, and Santitas brand tortilla chips, Cheetos brand cheese-flavored snacks, and Rold Gold brand pretzels. Eight of them chips are among the top ten best-selling snack chip......

Words: 1275 - Pages: 6

Premium Essay

Cwbm

...Student ID 000193101 McGuire, Lora CWBM Business Management Business Plan v1 page 3 Bananas for Baking Lora J. McGuire Owner/President 357 E. Monte Vista Ave. Ridgecrest, CA 93555 760-382-2912 Lmcguire.pres.@bananas.com June 25, 2012 A.​Executive Summary​4 A1. Business Identification:​4 A2. Mission, Goals and Objectives:​4 A3. Keys to Success:​4 B.​Company Summary​5 B1. Industry History:​5 B2. Legal Form of Ownership:​5 B3. Location and Facilities:​5 B4: Management Structure:​6 B5. Products and Service:​6 C.​Market Analysis​6​ C1: Target Market​6 C2: Industry Analysis​7 C3: Competitive Analysis​7 D.​Market Strategy​8 D1: 4Ps.​8 D2: Price List-​8 D3: Selling Strategy-​8 D4: Sales Forecast-​9 E.​Implementation Strategy​9 E1. Overall Strategy-​9 E2. Implementation-​10 E3. Control Plan-​10 F.​Financial Statements and Projections​11 F1. Revenue and Cost Estimate-​11 F2. Forecasted Profit and Loss Statement​12 F3. Forecasted Balance Sheet-​13 G1. Financial Projections​14 G1a- Breakeven Point-​14 G1b-Financial Position:​14 G1c-Capital/Investment Needs:​14 References​15 . Executive Summary A1. Business Identification: A sole proprietorship centered in Ridgecrest, CA, Bananas for Baking is a home baked goods business. Bananas for Baking will be based out of a home kitchen and caters to local coffee houses, event planners, and convention organizers. The intent of this business plan is to identify the......

Words: 2627 - Pages: 11

Premium Essay

Management Science

...OPIM101: Management Science Case Study 1 Content Page Introduction / Executive Summary This is just a summary of your entire report. Case Overview Introduction to the case. You can talk about the issues the company is facing. Why LP Model? Talk about how LP Model is related to this case. Recommendations What do you recommend for the company to do? Formulation Decisions That Need To Be Made What decisions to you need to make exactly? Decision Variables What are the decision variables? Define them. Overall Objective What does the company want? You include the objective function here Constraints What constraints does the company have? List out each constraint individually, before stating the constraint functions. Summary of the LP Model Basically just summarise the objective function and constraints functions into one chunk here. Solution You can include the excel spreadsheet and reports in the appendix instead of the main report if you want. Spreadsheet Model Excel spreadsheet with all the formulas stated. Optimal Solution Include the values for the variables. Answer Report Sensitivity Report Reports Analysis This part is probably the most important part of the entire report. Analyse the reports. Some questions for you to think......

Words: 4659 - Pages: 19

Premium Essay

Marketing Plan

...SWEETYLICIOUS COMPANY MARKETING PLAN I. EXECUTIVE SUMMARY II. CHALLENGE * To attract higher volume of customers to easily dispose the products * To have a good relationship between the customers in order to get their loyalty to buy the products * To get a higher value of profit to fulfil the requirement to meet the quota price. III. SITUATION ANALYSIS A. COMPANY ANALYSIS * To dispose the products in time and to meet the quota price that the customers can easily afford. * Having a good relationship between the customers * We need a high capital in order to have a high volume of product and to sell it with affordable price. With the aim disposing it easily we are going to repack the product so that the buyers can easily avail it. * The profit will be divided according to the number of profit that each of the member sold. B. CUSTOMER ANALYSIS * Getting a high number of customer with the purpose of selling the products easily * Since we are selling inside the campus, it was supposed that the customers will the students so we’re selling it with affordable price. Other buyers outside the campus such as relatives or friends with a high income will have a high charge in the price. * Most of the time customers have willingness to buy if the product was highly affordable. C. COMPETITOR ANALYSIS * Though our group sells the same products as other group mates also sell we have our different strategy that will dispose the product......

Words: 790 - Pages: 4

Free Essay

Innovation in an Organization

...Innovation in an Organization Executive summary Innovation is creating a new way to do something or creation of new products. The company’s goal for innovation will take ideas and create new ways to improve how the company will perform. Many companies today are in the process of change in attitude within the workplace environment in order to gain competitive advantages. Larger companies are looking at how smaller businesses innovate and use those as starting points for examples on how to innovate. As seen in smaller companies, their environments allow for innovation, creativity and are significantly more flexible. First, an organization must provide the information and tools needed to allow each the ability to pursue solutions and take advantage of opportunities at their level of employment on workplace standards. Secondly, the workplace atmosphere that already exists needs to encourage individual initiative and allow mistakes and failures that occur in the process of being imitative to be viewed as progress in the organizational and personal quest for excellence. Businesses that pursue innovation are more likely to generate growth. This company is moving forward with innovations in use of new technology of 3-D printing. Selling points According to the Fredonia group (2013), “…the world demand for 3D printing is projected to rise more than 20 percent per year to $5 billion in 2017." The majority of the demand will be in prototyping and professional design. The......

Words: 897 - Pages: 4

Free Essay

Liberalism

...Group 7 Presents : | Tayto in Japan | Executive Summary For the analysis of bringing Tayto into Japan we used three different tools to analyze and conclude on three different levels. The PEST analysis analysed the country from more of a macro level. From this analysis we learned that the political system is similar to Irelands, but has experienced some recent turmoil. The economic situation is still very strong, but has been in a slow and pretty steady decline caused by the Asian financial crisis and the recession. We learned they are a typical high context culture with strict rules, and long decision times. As well they are a technologically advanced culture with good infrastructure. To look at the relation of our product in the market we used the diamond analysis. This showed that Japan has a great work force, and good access to relating and supporting industries. There is also an established demand for potato chips, but seems to be a gap in the market that Tayto could exploit. The SWOT took a much closer look at Tayto and determined that even though it has a strong presence in Ireland and the UK it is still not a huge global player. It also pointed out some cost cutting opportunities, via FDI and further emphasised the large population as an opportunity for Tayto it also made clear that competition in the snack industry is everywhere, and the costs of setting up a business via FDI could be very high. Finally we drew the conclusion that given all the positive and...

Words: 4137 - Pages: 17

Free Essay

Business Plan

...Capsicum Habanero Pepper Spray Business Plan 1. Table of Contents 1. Table of Contents 3 2. Executive Summary 4 3. General Company Summary 6 4. Products and Services 9 5. Market Analysis Summary (Marketing Plan) 12 6. Strategy and Implementation Summary (Operational Plan) 16 7. Management Summary (Management and Organization) 20 8. Financial Plan 22 9. Appendix 27 2. Executive Summary Capsicum Habanero Pepper Spray is a new store that sells varies kinds of self-defense related products in Brownsville, Texas. As the name suggests our focus is to provide pepper spray and other types of self-defense sprays, and position ourselves as the top retail store servicing this particular market in the Rio Grande Valley area. 2.1 Objectives i. To create a shopping environment that caters to the self-defense needs of the female population age over 18. ii. To earn 60% market share and become the top self-defense store in Brownsville, TX and gain name recognition in the Rio Grande Valley area. iii. To earn a 30% profit margin within the first year. iv. To have a customer base of 500 by the end of the first year. v. To earn a net profit of $25,000 by year two and $60,000 by year three. vi. To be an active member in the community supporting anti-crime activities and local law enforcements. 2.2 Mission Capsicum Habanero Pepper Spray’s mission is to offer quality and effective self-defense products to provide peace of mind to all types of......

Words: 2469 - Pages: 10