Executive Summary Essay Example | Topics and Well Written Essays - 500 words - 12

Executive Summary - Essay Example Generally, the advancement in technology has led to the increase in the use of computers worldwide even in the developing countries. This implies that there is increase in the demand for computers and the subsequent repair to the parts. This presents a chance for the company to offer its services worldwide. The business was formed in February 13th 2011 with the founders being Michael McDonald and Ben Omogen. McDonald and Omogen are the directors for the company ensuring that the there is positive image of the firm in the market, especially to the investors. The company has employed two hundred and fifteen in all its five locations in USA. The main branch is in New York with the other branches being in California, Illinois, New Orleans, and Missouri. In terms of performance, the company is in a good position in the market when considering the higher sales that it got in its last year operation. The company obtained an overall of $200,000 compared to the $50,000 in last year. This represents a growth of $150000 within just one year. The company also realized a net increase in its cash and cash equivalents of $41383 as shown in the income statement. Computer Galore complement the computer retail business by offering repair service after the computer’s warranty coverage has elapsed. Computer Galore will engage in the selling of computer parts and software and is also engaged in the customization, upgrade, repair, virus removal and hard disk data recovery of computers (Du et al, 2008). The company intends to create a niche in the computer retail and service industry by providing customized computers as well as providing repair service at a significantly lower cost than competition delivered through an unparalleled customer service. It will work in synergy with the computer customization business as the skills needed in the repair