Monthly Team Meeting Minutes

Company Name:	[YOUR COMPANY NAME]
Date:	April 17, 2050
Time:	10:00 AM - 11:30 AM
Location:	Conference Room B, 3rd Floor
Prepared by:	[YOUR NAME]

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Attendees:

• Emily Tran (Marketing Manager)

• Rajiv Sharma (Sales Director)

• Lisa Wong (Product Manager)

• Omar Ali (Chief Technology Officer)

• [YOUR NAME] (Secretary)

Absent:

• None

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I. Call to Order

The meeting was called to order at 10:05 AM by Sales Director Rajiv Sharma.

II. Approval of Previous Minutes

The minutes from the March meeting were unanimously approved without amendments.

III. Updates and Reports

3.1 Sales Performance

• Rajiv Sharma provided an update on the sales figures for the past month, highlighting a 15% increase in sales compared to the previous month.

• A brief discussion followed about strategies to maintain and improve sales growth, focusing on expanding digital marketing efforts.

3.2 Marketing Initiatives

• Emily Tran outlined the upcoming marketing campaigns, including the launch of a new social media strategy aimed at increasing customer engagement.

• The team reviewed the timeline and resources needed for the new campaign.

3.3 Product Development

• Lisa Wong reported on the progress of the new product line, noting that the prototype phase is complete and user testing will commence next week.

• The team discussed potential challenges in the production phase, especially regarding supplier timelines.

IV. Strategic Decision Making

4.1 New Market Expansion

• The team deliberated on entering the South American market, considering the research presented by Lisa Wong.

• Decision: Approved the initiation of a market analysis by the research team to be reviewed in the next meeting.

4.2 Budget Reallocation

• Discussion on reallocating budget from traditional advertising to digital platforms to better target key demographics.

• Decision: Approved a 20% budget shift to digital for the next quarter, to be reviewed based on performance metrics.

V. Action Items

• Rajiv Sharma to coordinate with the research team on the South American market analysis.

• Emily Tran to oversee the shift in budget allocation and monitor digital campaign impacts.

• Lisa Wong to provide weekly updates on the user testing phase.

VI. Adjournment

The meeting was adjourned at 11:25 AM by Rajiv Sharma. The next meeting is scheduled for May 15, 2050, at 10:00 AM in the same location.

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