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Mcfield Electronic Engeneering
Mcfield Electronic Engeneering
INC
Name:Li’Shane McField
Class:4a1
Date:February 7, 2023
Subject:Electrical and Electronic
Table of Content
Company Description………………………………………………………………………………………………..3
Operational Plan……….…………………………………………………………………………………………………8
Financial Plan……………………………………………………………………………………………………………….9
Executive Summary……………………………………………………………………………………………………10
2
Company Description
The McField Electrical Engineering, Inc is a fast-paced young startup developing cool gadget in a creative
work place. We are working on different gadget that people can use to better there life.
3
Attention to detail
Innovation
Budgeting
4
Marketing and Company Strategies
1. Utilize Social Media Platforms
Social networking is impossible to ignore since the majority of people these days are now on social
media. A lot of businesses have entirely relied on social media for their success. It may seem
daunting at first, but as you gain experience, you'll discover that publishing on social media
becomes more accessible and more manageable.
5
Product and Service
The McField Electronic Engineering, Inc will create Electronic Devices and sell. These devices
are created specially for people having trouble with there devices. Our line currently include
these devices and more to be made.
Cell Phones
Digital Cameras
Watch Clocks
Radios
Televisions
Smartphones
Desktop/Laptop
Tablet
Smart TV
Smartwatch
Google Glass
Raspberry Pi
DJI Phantom
Makerbot Replicator
Oculus Rift
Apple iBook
Palm Pilot
Toshiba DVD Player
Commodore 64
TomTom GPS
Magic Wand
McField Electronic Engineering, Inc will offer its products for the following prices:
6
Market and Competition
According to numerous American business and political leaders, other nations are overtaking the
United States in trade competitiveness. Growing import penetration in such industries as
automobiles, steel, and electronics— including high-technology products like computer memory
chips-has led to discouraging commentaries and a variety of diagnoses. But from their statements,
international competitiveness clearly means different things to different people. Some see the
United States losing competitiveness as a nation relative to economic rivals like Japan or West
Germany; to such observers, the declining U.S. share of global trade in manufactured products—
from 25 percent in 1960 to 18 percent in 1980—is prima facie evidence that the Nation is losing
competitive vigor. On the other hand, OTA in its past work has evaluated competitiveness on a
sector-by-sector basis—believing this to be more meaningful than attempts to generalize about
the economy as a whole.
7
Operational Plan
Name: Li’Shane McField Company: McField Electronic Engineering, Inc Date: February 14, 2023
Goal Strategy Action Time Frame Partners Resources Target Immediate Databases
Impact
Start End Internal External Required Actual
To get a net To work Create a February 14, Managers - Government -EDN Network -MIT Open To Attract McField -Oracle
profit of 1 harder and clear plan 2023 - Employees - Competitors -Circuit Lab Courseware People Electronic -MySQL
Trillion smarter to of action. December 1, Board of Directors - -Electrical Marketing -NPTEL E- from the Engineering, inc
Dollars by make as many 2024 Customers -Electrical Engineers Learning Courses Community, is providing
the next 3 electronics as Owners - Intermediaries Catalogue -Coursera Across the every thing that
years. we can. Investors - Clients -Evaluation Engineering -Electro pages region of people need at a
Engineers - Creditors (EE) Jamaica, better price and
-IEEE and in better
-Mouser Electronics Worldwide. condition.
-MIT Open Library
8
Financial Plan
Chart: Sales Monthly
$25,000,000.00
$20,000,000.00
$15,000,000.00
$10,000,000.00
$5,000,000.00
$0.00
Year 1 Year 2 Year 3 Year 4 Year 5
_________________________________________________________
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Executive Summary
McField Electronic Engineering, Inc. (MEE) has established a strong foothold in a
niche technology market for Product Category One* devices. The potential market
demand of 10 million units far outstrips the capacity of present suppliers and is
growing at a rate of 35% annually. MEE’s success in taking advantage of this boom
market is evidenced by its recent growth in sales and profitability. Sales are
projected to grow from the first quarter of Year 1 total of $300,000 to
$4,500,000 by the end of the first year, and to exceed $20,000,000 by the end of
the third year of operations. A similar growth pattern will cause before tax profits
to rise significantly by the end of Year 1 and continue increasing through the end of
Year 3. These results will be achieved without large additions to fixed assets. A
relatively small banking facility will be needed in the form of a line of credit of
$200,000-$350,000 to support the necessary growth in current assets, half of
which will represent prime corporate receivables.
Highlights
$25,000,000.00
$20,000,000.00
$15,000,000.00
$10,000,000.00
$5,000,000.00
$0.00
2020 2021 2022
Objectives:
While working to develop McField Electronic Engineering’s image as the premier maker of Product
Category One devices with the latest cutting-edge technology, the measurable objectives are:
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1. Complete work to make WEE’s products compatible with at least five of the most popular first-
tier operating systems (by end Month 5, Year 1), and at least three others within one year.
2. Complete a thorough website redesign and get out a quality mailer to 300 Value Added Resellers
3. On the basis of a professional media analysis, arrange an effective advertising campaign in trade
4. Through networking and partnering with operating system developers, technology manufacturers,
and other industry players, arrange at least five banners/links on a reciprocal basis with key
market-related websites.
MISSION:
McField Electronic Engineering’s mission is to develop cutting-edge Product Category 1
solutions for appliance and equipment makers who, due to the fast pace of technology,
are under pressure to get their products to the market quickly. WEE achieves this by
maintaining a small “think tank” style technical team, outsourcing the manufacturing,
and keeping a marketing offering which caters to the more demanding Product
Category One requirements, leaving the simpler high-volume and price-sensitive market
needs to the competition
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