7050CRB Employer Case Study Assignment Sample
Here the best sample of 7050CRB Employer Case Study Assignment, written by the expert.
Introduction
Adequate systems for business management are one of the most impactful support for business improvement. The aim of the study is to analyse the new business technique of Fargo Scooters. In this study strategic analysis of the challenges of the organisation is going to be elaborated on with a brief explanation.
Task 1
a) Critical and strategic analysis of the challenges/issues facing the organisation
| Strength | Weakness |
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| Opportunities | Threats |
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Table 1: SWOT
Analysis
The above table explains that the company has faced several challenges, such as a wide range of customers. Additionally, it has been seen that there are some strategic planning-related issues present within the company and it has impacted on financial activities of the organisation, such as – a high rate of profit- margin-based losses. Additionally, due to the lack of a digital upgradation process, customer satisfaction regarding issues and challenging factors has been faced by the management of the organisation. As per the statement of Aguinis and Solarino (2019), the application of appropriate strategic management procedures is used to provide an essential role. Fargo Scooters is a start-up organisation and due to this reason, all the arrangement maintenance has become very difficult and it has created a major challenge for the organisation. Contextually it has been seen that the number of completers is increasing day by day and that have created issues for the organisation because they have followed the significant organisational development meeting. The company has good sporulation in the UK dealing and by applying the adequate method of business development procedure can enhance their business circumferences in all over the UK. On the contrary Quesado et al. (2018) argued that by managing all product ranges that will be based on adequate financial bases, the management of organisations can increase their financial improvement and activities. The management of Fargo Scooters by applying the appropriate price range for appropriate dealing purposes. Therefore it can be determined that the management of the company by applying the price range and improvement of the customer dealing activities, the financial improvement based activity based activities can be enhanced the possibilities of threats can be reduced significantly.
b) Leadership and communication
Critical evaluation of the leadership model
- Transformational leadership model
The transformational model is one of the most impactful leadership models for enhancing organisational development and growth activities. As per the statement of Asbari (2020), the application of the transformational leadership model is used to provide appropriate guidance to the team workers for fulfilling organisational goals, aims and objectives. The management of the organisation by getting ideas from the leadership model can apply the leadership regarding activities for fulfilling business development and growth. Additionally, in the case of improvement of financial activities and strategy management procedures, the utilisation of the leadership model can provide impactful support. On the contrary Sihite et al (2020) argued that the application of the model not only focused on leadership regarding activity but was also involved in providing appropriate leadership regarding suggestions. By management of the enterprises by getting ideas from the leadership model enhanced their strategic implication procedure.
The utilisation of software can also provide an impactful role to determine the areas that are used to produce issues and complexities. Therefore it can be determined that the utilisation of the leadership model can also provide impactful support for managing the risk factors related to activities.
- Coaching leadership model
Behind making any kind of perfect and adequate planning, the role of appropriate leadership is used to take impactful support. As per the statement of Grey (2018), the utilisation of the coaching leadership model helps to make a good relationship with workers and business stakeholders. The innovation management of the company by getting ideas and concepts from this model, the newly strategic implication method can be applied appropriately. On the contrary, Dong (2021) argued that the leadership model has been involved in making team bonding-related activities bad implications. Therefore it can be concluded that, by applying this model, the management of the company can complete their organisational goals and objectives.
It can be determined that the utilisation of the method can provide impactful support to complete all the team activity management procedures.
Communication strategies
The appropriate communication strategies that can enhance organisational development and growth activities are going to elaborate below:
- Communication Tools
In the case of improving the company, the utilisation of some communication software tools, like – Life Size, Teams and Monday can provide impactful support to make team management activity procedure and make a good bonding process complete for fulfilling all the organisational goals and objectives. As influenced by Xu et al. (2021), the application of a clear vision can deliver impactful support for making fulfilment of all the team bonding criteria. The management of the company by operating the software-based tools can improve their financial implication improvement procedure.
- Meet with Employees Regularly
The employee meeting-related activities area needs to be maintained by the management of the organisation for making a good team bonding procedure. The regular team meeting activity can also be provided with impactful support for sharing and exchanging all the necessary information from others that are related to the organisational development and growth activities.
- Recognize Achievements
A leader should have the presence of the skill to recognise all achievements. The leaders of the organisation by providing rewards and providing an appreciation of the work activities of the workers can easily complete their output result.
Effectiveness of the leadership models and communication strategies on organisational culture and performance
It has been seen that the growth rate of Fargo Scooters is not too much and utilisation of the leadership model that has been applied before and adequate communication strategies can provide impactful support to fulfil all the aims and objectives can be fulfilled. Apart from that, in the case of improvement of the decision-making activities and implication of the adequate decision-making procedure implication activity process, the management of the company can gather necessary suggestions from the leadership model and communication strategies.
- c) Three recommendations
- Make clear the goals
The entire managing team of Fargo Scooters needs to be clear about the goals including their deals to sell all the activities needs to be clear. As per the statement of Meng and Berger (2019), the clear goals take impactful support for completing the future and presenting all the schedule. The management team of Fargo Scooters needs to appropriately focus on making scheduling, which can help to improve organisational business circumferences. Additionally, alternative planning also needs to be provided for completing any vision and mission. On the other hand, the long-term and short-term related activity maintenance procedure needs to be enhanced by applying the goal -the setting activity of the company. Apart from that, the application of the adequate goal-setting procedure can provide impactful support for enhancing future development procedure activity.
- Focus on customer satisfaction
The company needs to analyse the demands of the customers, such as different brands’ schooners and servicing policies after selling products to the customers. Additionally, the instant solution-related factors need to be improved significantly. As a result of this, the rate of customer satisfaction can also be enhanced. In the case of customer satisfaction regarding activity instance procedure, the management of the organisation needs to improve their goal management and implementation procedure (Hallencreutz and Parmler, 2021). The management of the company should focus on the implementation of the software-based implementation process in order to make data exchange and find out the errors in business dealing.
- The utilisation of the IoT-based technology
The management of the company needs to apply IoT-based technology in order to increase the selling rate of the products as well as improve the selling number of customers. On the other hand, the utilisation of the digital technology-based method can provide impactful support for the fulfilment of all the displacement-based activities of the product specifications. Additionally, the management of the organisation needs to enhance their effort in applying software-based implementation procedures for organisational development and growth activities. Apart from that, the utilisation of the method can be helpful in dealing with business stakeholders.
Task 2 (A&B) Based on your analysis
Task 2- A: Narrated Executive summary
Slide 2: New business Idea and its benefit to the organisation
- Making good dealing for purchasing and selling used scooters (Fargoscooters.co.uk, 2022)
- According to the new business ideas, all the servicing has been done here
- A slight negotiation can be done significantly
- All the products will be displayed in the monitored
In order to enhance the organisational development and growth activity purposes, a new business idea is to purchase and sell used scooters and sell those scooters at a reasonable price that can be purchasable in the appropriate price range. After purchasing the scooters, it needs to be serviced and all the servicing charges will be taken by the organisation. After completing all the services regarding activities, the bikes and scooters will be sold at a significant price value. Additionally, all the available second-hand products will be display in the monitored that will be helpful for the customers fr choosing their products according to their requirements.
Slide 3: Risk factors in proposed idea and Risk managing activities within the new entrepreneurial business venture
- The purchasing process factors can be enhanced risk factors
- The price management risk can be played and it can enhance the financial output regarding risk
- The lack of expected collection of the scooter can create a major risk (Achtenhagen, 2020)
- An adequate monitoring process needs to be followed before pursuing the scooters
There are a series of risk factors that are present behind starting the business, such as investment regarding risk factors that can create benefits and output risk factors. Contextually, it has been seen that sometimes fulfilment of the stock list according to customer satisfaction might not be fulfilled appropriately. Sometimes the good quality-based product risk factors can create major risk factors against the strategic fulfilment activity procedure. In order to mitigate all the risk factors, the appropriate monitoring procedure needs to be followed properly. Sometimes it has been seen that lack of proper documentation regarding issues has created authentication regarding risk factors and to make a solution to the issues, the scooter purchasing team needs to appropriately check all the documentation including analysing the authenticity maintenance procedure.
Slide 4: Entrepreneurial traits and characteristics for strategic positioning
- The demands of the customers at first needs to be known
- The marketing demands and price trending needs to analyse properly (Bouncken et al. 2020)
- The price range needs to stay in under limitations that can be purchasable
- All the documentation needs to be maintained significantly
In order to get a good and appropriate financial outcome, the marketing demands of the customer and marketing trends need to be analysed significantly. Additionally, all the marketing elements need to be appropriately analysed. The profit and loss factors need to be determined in a significant manner. Contextually, after analysing the price range analysis the purchasing matters need to be monitored significantly. In addition to this, all the documentation procedure methods need to be improved. In price range set-up activities, appropriately the price ranges need to be determined significantly.
Task 2- B: briefing note
a) Phases in entrepreneurial practice
In the case of completing an appraisal of the phases in entrepreneurial practice, the utilisation of the five phases can provide impactful support, such as – Initiation, Planning, Execution, Monitoring-Controlling and delivery. The phases are going to be elaborated on below.
Initiation
In this phase, the concept of starting the new business venture will be done as well as the potential risk factors that need to be done. As influenced by Aarikka-Stenroos et al. (2018), in this practice phase a short concept creation needs to for completing the project the potential success factors can be determined significantly. In the case of starting new business ideas, in this phase of the practice, all the business concepts of getting significant financial outcomes need to be considered. On the contrary Krings et al. (2021) argued that, in the initiation phase of any business planning, all long-term and short-term needs to be provided. In the case of making the business planning fulfilment, in this practice stage, all the potential improvement areas need to be improved.
Planning
In this planning stage, all the planning that is related to purchasing the used scooters and after doing servicing till delivery in the planning needs to be done in this business procedure stage. As per the statement of Bosona (2020), the appropriate planning method is one of the most important elements in order to fulfil all the business concepts regarding factor improvement provided. In this planning stage, by analysing all the potential improvement factors and expected financial outcomes, the business management team of the organisation needs to complete all the project planning regarding activities that can be done with the maintenance of all potential outcomes regarding activities. On the contrary Taifa and Vhora (2019) argued that, in order to reduce bias and its effectiveness, according to business planning appropriate, making alternative planning is one of the most essential elements. The management team needs to make alternative planning regarding activities. As a result of this, the potentialities of getting expected outcomes. The management of the organisation by applying the appropite planning, all the business goals can be complete significantly.
Execution
In this business phase, after approving all the planning activities, in this phase, all the planning strategies need to be applied with maintaining all the ethics and predetermined strategies. Contextually, in this phase, all the areas that are dividing positive outcomes ing need to be complete. Apart from that, the customer responses to purchasing used scooters can also be analysed in this phase. Additionally, in this business phase, the potentialities of financial prediction can be done. The management of the company by analysing the adequate necessities, improved their financial outcomes.
Monitoring-Controlling
In this phase of business starting activities, the result can be monitored in this stage as well the alternative business regarding planning activities will be done in this phase. As per the statement of Shial and Mishra (2020), for analysing the record-keeping and potential areas of development, the appropriate maintenance of monitoring step is one of the most essential element factors. The management of Fargo Scooters by determination of the risk areas, appropriate planning needs to be taken. In the country Chofreh et al. (2018), the application of alternative planning activities can be helpful to reduce the possibilities of project planning-related activities. The business planning team of Fargo Scooters by analysing the risk areas and the alternative solution needs to be done for making the project planning successful. All the business related activities and arrangement needs to be significantly for fulfilling all the aim and objectives of the organisation.
Delivery
In this business practice stage, all the documentation are needed to be maintained significantly and marinated in a proper manner. Additionally, all resource management activities and all documentation-based work activities should be closed in a proper manner.
b) Strategies for managing risk
In order to manage the risk factors, some strategies are needs to be followed:
- Plan making for addressing the risk factors
The business management team of the enterprise needs to address the areas from where the risk is produced and the possibilities that can be reached to the maximum level. In the case of addressing the financial risk areas, the input and output data need to be checked properly. Furthermore, the appropriate strategies such as risk area monitoring procedures also need to be found by finding out recorded data that needs to be analysed.
- The process to mitigate the risk
On the basis of criteria of risk factors, alternative planning, such as limited negotiation for price management and quality checking procedures needed to be done. Additionally, by applying the alternative planning and procedure of product selling to the customers, the risk factors can be reduced significantly (Popov et al. 2022). Apart from that, by communicating with the team members, better planning for product purchasing, servicing and selling processes can be done. After find out the potential areas of risk factors can be provide an impactful support to fulfil business outcomes.
Monitoring
All the projects regarding activities, such as customer review, present trending prices and selling prices are needed to be monitored significantly in an appropriate manner. As an impact of that, all the planning and schedule-making activities can be monitored periodically and the risk factor can be reduced. Additionally, instead of a weekly, monthly performance checking process can also be beneficial for making the risk mitigation process improve. The appropriate monitoring of the errors can also be provide a significant role to enhance their business circumferences in global completive market.
c) Traits and characteristics for strategic positioning
The management of the company before applying the new business strategy implementation process appropriately monitors the marketing trends of the used scooters. Furthermore, the management of the company also needs to determine the f8nxaical output and the expectation from the business. As an impact of that, the application of the method can also provide impactful support to provide opportunities of getting success in starting a new business. Contextually, it has been realised that with adequate planning and making a comparison between new and old version scooters, the business management team can enhance their financial outcomes (Mirza and Ahsan, 2020). Furthermore, with the utilisation of potential risk factors by comparing the other business competitors of this segment, an impactful success rate for the company can be achieved. Contextually, the application of the adequate managerial implication process that is a part of new business management procedure an impactful success rate of the organisation can be activities as well as, good financial outcomes can also achieve. All the planning and scheduling making factors and activities needs to be checked appropriately and focusing all the marketing positioning, a good result can come out in starting their new business.
Task 3: Personal and Professional Account
In the case of explaining all the learning outcomes, the application of Gibb’s reflective cycle model is going to follow that consists of six major elements, such as Description, Evaluation, Analysis, Feelings, Analysis, Conclusion and Action plan.
Description
I have realised that the application of the appropriate planning and activities are the most essential elements in businessman gaming activities. Fargo Scooters is one of the most popular organisations in the UK that provide beneficial deals for purchasing scooters. As influenced by Mutalimov et al. (2021), the application of adequate planning can provide a beneficial role to get positive support for the business development process. I have determined that the business experiences that have taken place in this story will guide me in future for starting a business.
Feelings
I have analysed that, the risk management factors that have taken place in this study helped me to provide guidance for enhancing my knowledge of business ventures. Additionally, I have realised that the utilisation of the IoT-based method is one of the impactful elements that has provided valuable guidelines for applying IoT-based business solutions in the future. Contextually, I have released that, the pre-analysis of the risk factor determination procedure can be given an appropriate solution for making the business improvement and growth strategy implementation process more improved.
(Source: Created by author)
Evaluation
I have determined that risk monitoring and adequate planning for starting a new business are very important. As influenced by Yoon et al. (2018), the adequate method of business management and risk mitigation is very important. In this study, a new business idea that sells the used scooter has been analysed. The business development knowledge has taught me to boost my knowledge about starting a new business including realising the precautions that I need to follow. Behind starting a new business activity, the financial criteria evaluation and proper budget management factors are the most essential factors for make evaluation of the potential areas of risk
Analysis
The entire assignment has provided me with the necessary guidance to know about the procedure of risk analysis. Moreover, the study has helped me to learn about the procedure of managing financial activity regarding the process and the strategies that are needed to be followed for plan making and analysis of the essentials.
Conclusion
In this section of the study, the existing organisation that is Fargo Scooters has discussed inclusion and explained its weak factors. The study has taught me about the procedure of utilisation of the opportunities into reducing threat mitigation. Furthermore, the adequate utilisation of the risk mitigation procedure can play a positive role to learn the knowledge of business outcomes improvement ideas
Action plan
I have realised that I lack a presence in business planning and risk management procedures. In order to fulfil the lack by enriching practical experiences, it can provide impactful support to increase my knowledge about business innovation procedures.
Conclusion
After completing the entire study it can be concluded that the appropriate factors for business management are one of the most beneficial support for business improvement. In this section of the study, the process of risk analysis and mitigation has been provided. The necessary data and information have helped to fulfil the aim and objectives of the study.
Reference List
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