1. Watch Manufacturing Company
The business plan is a written document that clearly defines the goals of a business
and outlines the methods for achieving them. It serves as a business roadmap that:
Acts as the management and financial blueprint for a business start-up and
profitable operation of a business venture.
Explains specifically how a business will function and details how a business will
be capitalized, managed, and marketed.
Start:
The body of the plan can be divided into four distinct sections:
Description of the business,
Marketing plan,
Financial management plan and
Management plan.
Now the basic working of the company includes the Department, Employees,
Suppliers and Customers.
Now the basic functions of various departments are:
Production Department
The production department is responsible for converting inputs into outputs through the stages of
production processes. The Production Manager is responsible for making sure that raw materials are
provided and made into finished goods effectively. He or she must make sure that work is carried out
smoothly, and must supervise procedures for making work more efficient and more enjoyable.
There are five production sub-functions
Production and planning.
They will set the standards and targets at each stage of the production process. The quantity and quality
of products coming off a production line will be closely monitored.
Purchasing department
This department will provide the materials, components and equipment required. An essential part of this
responsibility is to ensure that stocks arrive on time and are of good quality
The stores department

2. The stores department are responsible for stocking all the necessary tools, , raw materials and equipment
required to service the manufacturing process.
The design and technical support department
They are responsible for the design and testing of new product processes and product types, together
with the development of prototypes through to the final product.
The works department
This department is concerned with the manufacture of products. This will include the maintenance of the
production line and other necessary repairs. The works department may also have responsibility for
quality control and inspection.
Marketing department
These are the main section of the market departments:
Sales department is responsible for the sales and distribution of the products to the different regions.
Research & Department is responsible for market research and testing new products to make sure that
they are suitable to be sold.
Promotion department decides on the type of promotion method for the products, arranges
advertisements and the advertising media used.
Distribution department transports the products to the market.
Finance Department
Book keeping procedures
Keeping records of the purchases and sales made by a business as well as capital spending.
Preparing Final Accounts
Profit and loss account and Balance Sheets
Providing management information
Managers require ongoing financial information to enable them to make better decisions.
Management of wages
The wages section of the finance department will be responsible for calculating the wages and salaries of
employees and organising the collection of income tax and national insurance for the Inland Revenue.
Raising Finance
The finance department will also be responsible for the technical details of how a business raises finance
e.g. through loans, and the repayment of interest on that finance. In addition it will supervise the payment
of dividends to shareholders.
The company works on make by order process where the watch is produced as
the company gets the order.