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Future Plans Capstone Team

How to plan a Business [ Strategic Planning ]

Ever wonder how to plan a business? Every successful company needs a plan, not just the anecdotal napkin sketch. But how can a plan be formulated with so many variables to consider? The incredible team of advisors at Launch Box State College have the resources. After all, they are responsible for launching over 111 startups!

Plan a business with PEnn State

After working through their program, you might be invited to sponsor a Capstone team. Subsequently, you will be assigned a group of qualified students who will help take your ideas to the next level. To this end, we studied a series of manufacturing facility configurations. A lot was learned about how to best manufacture groundbreaking products and we are looking forward to sponsoring additional capstone projects in the future. Additionally, our scope broadened to include the most advantageous location to expand our manufacturing operations. The Titan Facility and Moshannon Valley are local to the area and present an incredible value. Our models for each facility focus include Labor intensive, Semi Automated and Fully Automated. After a great deal of analysis, we concluded that a largely Labor Intensive production process is necessary at our stage of development and budget but a gradual transition to task automation prevents the liability of hazardous or fatigue inducing tasks. Some of the critical focal points of our research centered around:

Focal points

Staffing requirements

Production requirements

LEAN manufacturing and Six Sigma

SWAT analysis

Equipment requirements

Cost Analysis

Future Plans Capstone Team

Update

After successfully completing startup seminars and leveraging resources in the State College ecosystem, we launched a number of successful products and our product catalog has grown exponentially. Additionally, the business knowledge acquired through these programs are invaluable. We want to thank Penn Tap and the wonderful folks at the Penn State Small Business Development Center for imparting knowledge and aligning us with the right resources to take our business to the next level!

8 thoughts on “How to plan a Business [ Strategic Planning ]”

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