BUS 485 Week 7 Assignment Benchmark Assignment – Executive Summary

The Homework Hangout Inc.

1. Oglesby

Grand Canyon University: BUS-485

Executive summary 

The Homework Hangout Inc. will be a business in the after school and student services industry supplying a safe place for kids to hang out, do homework, receive assistance, and otherwise be engaged in good after hour’s content. The primary function of this business will be a safe place for students after school hours. The business will deal with the sale tutoring, musical, and homework studies, hangout spots with entertainment, and snacks for students. The competition is quite minimal outside of regular day care and the boys and girls club. This specific industry is considered a niche market and is only comprised of a few companies who vary in size.  The Homework Hangout Inc. aims at the best quality and service for its potential after school students, and as such will require a large amount of support from local school administrative authorities.

The Homework Hangout Inc. Will need to use a number of strategic management, marketing, and leadership methods to successfully manage and maintain a large enterprise that will one day be synonymous with a name such as McDonalds in the food industry.  From the white group’s first post I took the following quote to sum how myself and the potential principals feel about this organization and its ideas “From large city areas such as Phoenix, Arizona to more rural areas and smaller towns, there is a need for a place for our young people to learn, play, and excel.  As such, our organization will co-operate with contacts through schools and administrators to build collaborating relationships that will make charming and entertaining, secure places for students and young people to hang out after school, on weekends, and in during the summer.  Whether from parent’s lack of time from making a living or other life matters; homework and other after school programs will be much easier through our services.”.  This company will succeed and be a contender in a potentially new market that has a large amount of growth and potential, as parents have to work more and become more involved in outside family matters in order to make ends meet, parents will need a place for their children.  With the mission to provide a safe and productive environment The Homework Hangout will need investors for startup that will want to invest in community and business for good returns on their investment. As a completely new subsidiary The Homework Hangout will have large amount of control over its enterprises in order to further the education and furthermost of America’s students and children.