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18TH NOVEMBER 2019

LOCATION: DRYDEN CENTRE DRY002, CITY CAMPUS, NTU

MINUTES OF EIGHTH MEETING FOR PROFESSIONAL PRACTICE COURSEWORK HELD AT 14:00 [3.5HRS]

Members Present: Anthony Dalby. Simon Chiou. Nayeem Shaik . Vikas Parekh. Isaac Moody. Seline Natour. Eyob Mulat. 

 

8TH Meeting

 

Minute:

 

Task 1: Discussion about Ethos of the business.

Action to task: As a group, we discussed the values and beliefs of our business. We concluded that we value sustainability and the re-using of materials close to the site and waste rubble to make sure cost are low and that we have a small carbon footprint. We aim to focus on bespoke elements, especially in the first year and when we move forward to more extensive refurbishments if the clients wish to do so. We agreed that we aspire to maintain a high reputation as a business by focusing on the following fields;

  • Having an excellent understanding of 3D printed services and the very best and most up to date available to use for our clients.

  • Striving to be the best in the industry for the re-use of materials and cost-effective green manufacturing methods.

 

Task 2: Discussion about policies for the business plan

Action to task: We discussed the critical strategies that would apply to our business plan which we need, and which ones may help our reputation. Firstly, we need to have health and safety policies that are essential for how we carry out the process of our projects and manufacturing. Next, we need to consider environmental management strategies which are crucial to keeping up a high reputation of an eco-friendly business. Quality assurance policy that will aid in keeping our reputation high of producing quality final projects/products which meets the requirements of customers. We aim to take an approach that aims to achieve quality by organising every process to get the product right the first time.

 

Task 3: Discussion with Simon about finalising the business plan

Action to task: We discussed various topics to the program. Firstly, we discussed the financial side of how the business will first be started. We concluded that it would be a 50 50 split with a bank loan and the company directors putting money in. We need to make sure that the about us page on the website includes achievable and appropriate journey for each person in the business. Also, how each person has the skills to contribute to the business plan. The market research and whom we are selling this business to should feed into the way we design the website and exhibition content.

The research pages in the blog should show what each person found out and how it influences the decisions made for the business plan.

Simon commented on how the marketing ideas we have are innovative and functional. Still, we need to account for costs of it as well and maybe look into partnering with other green businesses to get further contact and reduce costs.

 

Task 4: Business logo iterations.

Action to task: Some more comments and discussion about our logo is shown below.

 

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Tasks to be completed for next meeting: 21st November 2019

The blog to be updated by Eyob Mulat.

All members to keep researching and developing individual parts into for the business plan.

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