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3. Wholly acquired by Etugen institution or other companies.
4. Merger or acquisition by other consultancy or training companies.
3. SUMMARY AND CONCLUSION
The plans of Etugen institution extension plan to high school business, extension plan to become business program focused more on mining and technology industries, and the plan of establishing ET Consulting Company under Etugen Institution is all relatively interrelated.
Developing business expansion in secondary education Etugen institution prepares prospective students as input for university program besides providing input for those biggest state universities in Mongolia.
Huleg high school’s mission will be preparing students for technology and scientific fields with enriched language capacity. Later, these students can be prepared as best professionals who are competitive in various aspects of technology developments enhancing around the world passing through top technology universities in Mongolia and other foreign countries.
Etugen University extension plan is dedicated for the university to capture and optimize business opportunities popping out in Mongolia in some fields. Besides strengthening accounting program, transforming or equipping this strong basis of accounting with business and management tools will strengthen the universities positioning in market and increase its reputation and demand in competitive market, while automatically causes avoidance from risk of government constriction on private universities in higher education system. Etugen University goal is to stretch its capability to reach those standards of technology and business in worldwide in long term plan.
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While high school and university enhance and foster their positioning in market and captures new opportunities ET Consulting Company will be aiming at conduct its business in real business environment and contribute into business developments in recovering economy of Mongolia.
There are some similarities in strategies of these plans are to use triple win strategies with its customers and suppliers or other relevant third parties. Besides that company, the university and the high school will be working in triple win strategy too, such as using their experiences in similar situations organizing joint events such as celebrations, public events and etc., exploiting from facilities of one another if necessary.
Overall, all these plan execution will serve for contribution of Mongolian new professional business people’s successes and country development as Etugen institution is trying to deliver and execute world class, competitive, and ethical new services and practices in its projects and developments in different fields.
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APPENDIX
Figure 29. Huleg high school current pricing
Figure 30. Huleg high school short run pricing plan
Figure 31. Huleg high school pricing versus quality plan
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Table 7. Government control plan of higher education
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Table 8 .Employment rate of Etugen University graduates
2011 2012 2013 2014 Consulting Coaching 144 12 210 18 276 23 342 29
HR, Business Finance Training
360 30 420 35 480 40 540 45
Table 9. ET Consulting target market penetration plan
Year Number of graduates
Employment status People who are
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Table 10. Office and Training facilities list Desktop (peripherals) 2 $1,000 $2,000
Notebook 2 $1,000 $2,000
Simulation software 3 $2,500 $7,500
Subtotal $26,220
Renovation $20,000
Total Equipment and
renovation
$46,220
Desktop 2012 20 1000 $20000
Software 3 3000 $9000
$29000
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Pro Forma Operating Expense
2010 2011 2012 2013 2014 Marketing
Promotions -$2,000 -$2,000 -$5,000 -$7,000 -$7,000 Trade Shows $0 -$1,000 -$2,000 -$5,000 -$5,000 Advertising -$5,000 -$12,000 -$10,000 -$10,000 -$10,000 Total
Marketing Expense
-$7,000 -$15,000 -$17,000 -$22,000 -$22,000
Commission
(5% Revenue) $0 -$9,672 -$14,667 -$21,561 -$28,124 Total
Commission Expense
$0 -$9,672 -$14,667 -$21,561 -$28,124 General
Administration Expense
Rent -$1,000 -$6,000 -$6,000 -$6,000 -$6,000 Utilities -$1,000 -$3,000 -$3,000 -$5,000 -$5,000 Other -$49,220 -$3,000 -$41,500 -$15,000 -$20,000 Total G&A -$51,220 -$12,000 -$50,500 -$26,000 -$31,000
Total Non-Salary Expenses
-$58,220 -$36,672 -$82,167 -$69,561 -$81,124
Salary
Expenses -$2,600 -$18,720 -$21,240 -$27,240 -$29,760 Total Expenses -$60,820 -$55,392 -$103,407 -$96,801 -$110,884
Table 11. Four year pro forma Operating Expenses
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Figure 32. Etugen institution
Figure 33. Simulation game plan
Figure 34. Etugen institution first
building
Figure 35. Training room plan
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TABLE OF REFERENCES
1. Richard deVries 2009. HR Consulting Business Plan. 31.
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3. Master Plan of Etugen University. 2002-2007.
4. Self Assessment Report of Etugen University. 2005.
5. Global Competitiveness Report. 2009-2010.
6. National Statistical Office Report. 2009 – 2010.
7. Excel International Services brochure. 2008.
8. Ministry of Education Culture and Science of Mongolia. 2006. Master Plan to Develop Education of Mongolia.
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14. The World Fact Book. 2008
15. International Monetary Fund. 2009. Mongolia report.
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WebPages
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(May 17, 2010)
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