BUSINESS CONCEPT The business idea focuses on meeting the needs of Automobile manufacturers to develop the Catalytic Converter (NED’s Catalytic Converter) only for Diesel Cars to reduce their harmful carbon emission.
CUSTOMER PROFILEAND COMPETITIORS Target customer Automobile Manufacturers Distributors of Automobile Parts End users(David, 2011) Competitors BASF Johnson Matthey Cataler
OPERATIONS Business idea Hiring the employees Research and development Lease of land Sourcing Manufacturing Transportation (Thomas, 2013) Customer service
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LEGAL/REGULATORY/INSURANCE MATTERS Yes, the business is required to take the licence for manufacturing the catalytic converter engine. The legal requirements that are applicable to business include health and safety policy. Employee Health and safety insurance might be needed to cover. The company needs to consider the trademarks as well as the copyrights.
FINANCIAL SUMMARY
REFERENCES Thomas, G.P. (2013) What Materials are Used in Catalytic Converters?. [Online]. Available from: https:// www.azom.com/article.aspx?ArticleID=8094 [Accessed on 15thMarch 2018] Future Market Insights (2019)Industrial Catalytic Converters Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment; 2017 – 2027 [online]. Available from https://www.futuremarketinsights.com/reports/ind ustrial-catalytic-converters-market [accessed 15 March 2019] David, F.R. (2011)Strategic management: Concepts and cases. India: Pearson/Prentice Hall.