1. I want to revise my company essence; the original essence
was a guide to reaching the American Dream. But, in receiving student comment –
that may be an outdated term. I revised the statement to ‘reaching goals.’ I
think that is something that most people can identify with today.
“The Radar magazine provides solutions to problems
through education and motivation. We are your guide to reaching your goals.”
2. I
want to revise the company dream section to include the development of a
free online directory for local businesses targeting minorities. This need
became obvious during my customer interviews with readers.
The rewrite will cover this section:
Regarding
future develop. The venture could consider developing an entire suite of media
outlets targeting minorities, such as radio venture with a suite of local stations
with various types of music or even talk shows. There is also a need for an online directory for local businesses who
wish to target minorities; this will be a service that will be offered free to
businesses on The Radar’s website. The team could also research the idea of
developing a local television show covering topics of interest with the same
value proposition as the magazine. Not everyone likes to receive information
via print. Some customers like to get their news and information by listening
to the radio or watching a program on television.
3. I will also rewrite the company unfair advantage section to include
the online directory.
The rewrite will cover this section:
This
service offering is filling a gap in the market, the idea is not new, nor is
the target market new – however this concept has not been adequately addressed
in our area. This type of service does not allow for the creation of barriers
to discourage duplication, it’s a relevantly simple business model that others
can duplicate. There are only two real points of differentiation; the quality
of our customer service and the high quality of our product offering. Those are
reasons that create customer loyalty, but
we will also make available an online directory on The Radar’s website which includes
local businesses that are targeting minorities. This service will be free to businesses
and will work as a resource center for locals seeking a specific service or
need.
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