Main Report Essay Example | Topics and Well Written Essays - 750 words

Main Report - Essay Example The present study also makes SWOT analysis of the topic under study keeping in view cultural factors and global phenomenon within which the industry observes significant boost during the last century. The future trends and dimensions of the industry have also come in the fold of present study. The contemporary world is the world of technological advancement and hi-tech industrialization. The invention of computer sciences, information technology, internet and mobile phones have revolutionised the world at large. The businesses in the contemporary era revolve round technological advancements and industrial expertise. It is therefore, our business plan is also related to the modern technology i.e. mobile phone PDAs. PDA refers to the personal digital assistant, which interlinks telephone, internet, fax and computers with networking characteristics. "A typical PDA can function as a cellular phone, fax sender, Web browser and personal organizer. Unlike portable computers, most PDAs began as pen-based, using a stylus rather than a keyboard for input.† (Quoted in webopedia.com/TERM/P/PDA.html) Before entering into a business, it is an essential matter to have a comprehensive knowledge and information regarding the particular field where one is going to exercise his abilities on the one hand and allocate his energies and concentration on the other. Gates declares knowledge and information a reason, which distinguish an enterprise from its competitors and rivals. â€Å"The most meaningful way to differentiate your company from your competitor, the best way to put distance between you and the crowd, is to do an outstanding job with information. How you gather, manage, and use information will determine whether you win or loose.† (Gates, 1999 p 1). Strategy is an inevitable part of every corporate firm’s management plan on which all its functioning stands. All the organizations either large or small devise methods and apply techniques