FIU® software solution
Farouq Umar Idris
FIU® software solution is a software designing
and producing company which will be
established in 2015. The company will
specialise in the production of computer based
software and mobile phone application
software which can be integrated and used on
all platforms of any device.
It is very important while opening a business to
consider about how industrial theory will affect
the business decision. We need to consider
factors like location, transportation cost, raw
material cost, promotion, competitors etc will
directly affect the business
Legal services for company formation.
Accounting services to set up the accounting shell of the company QuickBooks Pro
Computer programmers (3) to rapidly develop the software. An individual programmer
could complete the coding of this product however, FIU® software solution is interested
in launching the product fast therefore I will employ multiple programmers to speed the
process up (like on contract basis)
Eight computer workstations, including one server. Seven of the stations will have
Microsoft Office, one of them will have QuickBooks Pro. Three networked laser printers.
A broadband Internet connection.
Office cubicle furniture for seven employees.
Seven extension telephone system.
Copier and fax machine.
Lunch room furniture and appliances including a refrigerator and microwave.
Shipping materials including boxes, scales, etc.
System analysis (feasibility analysis)
Operations and Maintenance
The waterfall model is a sequential design
process, often used in software development
processes, in which progress is seen as flowing
steadily downwards through the phases of
Conception, Initiation, Analysis, Design,
Production/Implementation, and Maintenance.
China is one of the world’s great growth
markets and is likely to be for many years to
According to the economic forecast research
team, the growth rate in economy next year
will be 9.3%, which is higher than those made
by international organizations.
I chose china to set up the business because of
the emerging technological advancement in the
country and the high level of software demand
there. The country’s GDP is drastically growing
and I want to be part of this growth as it
Looking at the age structure, we will see that
the highest percentage is at 25-54years having
46.7% which means there would be high labor
force in the country which also means there
will be high demand for my product/services.
Malthusian thought of population growth as a
negative impact on economic development
thereby restricting the growth of the society
(pessimistic theory). According to Malthusian,
population growth is one of the main causes
which have in one way or the other hitherto the
progress of mankind economically.
Marx was in completely denied Malthusian’s
theory. Marx’s believe was population growth
will not cripple the economic development of a
society but boost it (optimistic theory). He also
said population growth would lead to a greater
and much more wealth not misery.