Introduction to Business and ICT (SEC 003)

RHN Screening Printing Incorporation

TERM ASSIGNMENT – PART ONE

CNET229 - SEC 003

 Ramandeep (301121182)
 Harshdeep Kaur
 Nehal Gupta (301104406)
 Introduction to Business and ICT (SEC 003)

Business Opportunity in The Country of

Canada
Not only in Canada but in every other part of the world, the printing industry has seen a
continuous rise since last few decades. In Canada particularly, printing and screening has seen a
sudden upsurge since the country has reached the epitome of success. In almost every industry,
let it be Photography, clothing, advertising or packaging, Printing has been a great business to
get involved with.
Therefore, in order to make their business flourish and successful, the businesses can hire RHN
Screening Priniting Incorporations. We would leave no stone unturned in making your venture
flash in the crowd of other similar businesses. We also provide experienced labor to ensure that
the work for your company is done with utmost care.

Beneficiaries from this Incorporation

Almost every industry nowadays required priniting or various reasons, for instance restaurants
require priniting for their advertising and other things such as priniting menu’s. Textile industry
also requires priniting for designing clothes. So, it can be said that almost every industry or
business need priniting to make their business shine in the crowd of competition.

Business Competitors
HRN Screening priniting joining is a practical answer for some organizations that need help with
anything which involves priniting or screening hoardings, advertisements and many more things
yet might not have the opportunity or assets accessible to effectively take a shot at it. However,
considering potentials business rivals, Montreal-based TC Transcontinental Printing, Burnaby-
based Hemlock Printers, Vancouver-based Metropolitan Fine Printers are some of the renowned
printing and screening firms in Canada. Despite being big brands, these corporations charge very
amount of prices for their services and most of the startups just cannot manage to afford those
preliminary charges. Therefore, RHN Screening and printing services provides you with best
results at a much affordable price as compared to other big brands. Also, our business firm has
employed the workers who have more than 5 years of experience in priniting field and they work
tirelessly to provide you the best results at low cost. We stand out from our main competitors in a
way that makes us different. Being a startup, we have grown reputation and a brand name that is
very hard for a new company to earn in this competitive market.
 Introduction to Business and ICT (SEC 003)

Ethical Issues
Ethical issues in business encompass a wide array of areas within an organization’s ethical
standards. Ethical issues are an essential part of a workplace. Our incorporation also has some
ethical issues which we would like to present in front of you as follows:
1. Sometimes the client may insist to get a particular print which may be copyright of
another organization. In such case, we make certain changes to the original design which
may bypass the act of copyright.
2. Since we are working for the client, we may be subjected to certain sensitive information
related to client such as total budget of the client’s organization, certain copyrights and
pivotal information regarding the employees of the organization.
3. There comes a time when the client request for a particular design or product need to be
overcome by a certain product of our choice because at that moment it might be easy and
economically better to implement our own choice.

Financial Resources
Since our client is having enough money for the new business so we need not to be worry about
any financial help. In order to buy equipment of printing such as offsets presses, flexo presses
and UV dryers we will consider the top two third party printing industries Pollard Banknote and
Quebecor so that our company will have the world’s best printing equipment. Also, if our
company face any type of financial crises in the coming future we can approach NOHFC a
program run by Canadian government to help the new startup in the northern Ontario. It will also
assist us how to hire general labor that will help us in the smooth working of our business.
Lastly, for transportation of our printed products we will buy some trucks and vans by the help of
some banking institution that will finance our vehicles at low rate of interest. In this way we can
earn as well as can pay back to the banks our financial debt.
Success factors
1. Increase efficiency: It doesn't just mean selling the more number of products yet in addition it
implies that you are driving more productivity by decreasing turnaround time.
2. Know your client: incredible printing organizations are as quick to react to client's requests as
they are to discover how their needs are evolving.
3.Think fresh: regardless of whether it is a little or a huge venture, we will try to turn into a
significant resource using imagination.
Failure factors
 Introduction to Business and ICT (SEC 003)

Business Success Factors

1. Digitization: It is currently mandatory for printing industries to associate with their
clients in an important manner by making administrations and items that influence their
legacy in print but also with the advanced technology such as by mails, through social
media and so on. Thus increases labor cost as skilled labor is required to operate these
social medias platform.

2. Economy: The strength of the currency in every nation has considerably affected the
interest for printing all around the world. So income of our industry will be affected
according to the economy of a country.

3. Environment: Printing industry is all based on paper. And paper creation likewise
includes a lot of contamination to our climate and to our water supplies. Paper processes
much of the time discharge hurtful gases, for example, CO2 and Nitrogen Dioxide into
the air while water has a major impact in the pulping procedure. So we will face many
new laws and acts to save paper in coming future that is going to be introduced by the
government of Canada as paper is made with the help of trees.

Ownership
Our business will probably need to do a cooperative ownership. We will go with this model
because it involves the cooperation of all business partner. As the rules and regulation of
production is chosen collectively by the all team members so there is less chance of conflicts in
between the partners. Moreover, decision making process will be more quick because more
number of people is involved.
Advantages
1.Tax advantage: In contrast to other three types of business ownership, a cooperative
partnership is free from income tax and overcharge on its profit up to a specific breaking point.
2. Open Membership: The enrollment of cooperative ownership is available to all regardless of
rank, caste, and financial status. There is no restriction on greatest individuals.
Disadvantages:
1. Absence of Secrecy-The issues of a co-usable society are transparent to all group
members participating in the meeting. Each individual is allowed to examine the books
and records of the general public. Accordingly, it gets hard to maintain the privacy of
business.
2. Corruption: It is one of the biggest bad mark from which cooperative ownership can
undergo. It is the greatest block in the advancement of new events and development of
the existing business.
 Introduction to Business and ICT (SEC 003)

References: https://nohfc.ca/