Formative Assessment Task 2: Report

FORMATIVE ASSESSMENT TASK 2: REPORT
FORMATIVE ASSESSMENT TASK 2: REPORT

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FORMATIVE ASSESSMENT TASK 2: REPORT
Table of Contents
1. Executive summary.....................................................................................................................3
2. Introduction..................................................................................................................................3
3. Development of a partnership program plan...............................................................................3
4. The detained partnership program that identifies relevant issues, which are necessary to be
looked after in Joint Venture...........................................................................................................6
5. Media campaign advertising about the new joint venture...........................................................6
6. Discussion towards establishing positive collaborative relationships within the Sim’s
Hardware..........................................................................................................................................7
7. Conclusion...................................................................................................................................9
Reference list.................................................................................................................................10

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FORMATIVE ASSESSMENT TASK 2: REPORT
1. Executive summary
In this study, it is going to discuss the organization Sim’s Hardware that has a vision statement of
leading the hardware and home-improvement market in Australia within Five years. The
organization has conducted Risk management plan that generates responsibilities to attract
customers along with identifying risks. In order to achieve better financial support, the
organization went for doing Joint Venture by conducting proper communication about the
business process. The organization has also developed a training program to create the quality of
the work.
2. Introduction
Sim’s Hardware is said Australia’s number one hardware retail organization that has 138 stores
along with 10000 staffs approximately. The organization provides a wide range of products at a
competitive level to conduct development to home improvement. It is also said that Sim’s
Hardware has been selected part of the Australian retail landscape from last many decades for
their quality products supply (SIMS, 2019). The organization went for providing training to their
sales team along with the sales staffs in order to modify supplier relationships. The products that
got delivered by the organization are related to hardware, tools, painting items, housewares,
outdoor and garden utensils. The organization has also looked after developing a commitment to
minimize environmental impact by using resources wisely, by ensuring the suppliers operate
sustainably along with encouraging and educating customers to establish awareness about
environmentally friendly alternatives. The organization also looked after developing waste
management principles in order to mitigate environmental risks. The organization’s mission
statement says about providing quality hardware along with providing service to the customers
by maintaining low price and decent quality to the service.
3. Development of a partnership program plan
After conducting a SWOT analysis of this organization, it was seen that the organization looked
after developing partnerships with suppliers to maintain innovation in business and service. The
organization also formed a partnership with Australian Post, in order to conduct promotion
actively along with distributing a range of products via port transaction. The organization is

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FORMATIVE ASSESSMENT TASK 2: REPORT
looking after developing partnership by developing innovation along with providing top quality
products. In order to manage the partnership, the organization has sought after several parts, and
those are;
A. Organizational policy related to business- In order to conduct changes in a
sustainable manner, the organization has looked after developing a partnership with other
organization. The partnership policy looks after getting aligned with the following documents:
 2015-2018 Strategic plan
 Child Safeguard policy (Al-Qaysi, 2018)
 Non-discrimination policy
 Gender Policy
 Gender policy
 Code of Good Governance
 Complaints and Feedback Policy
The organization has looked after developing a Collaborative Partnership that has looked after
developing agreements to share resources in order to accomplish a mutual goal.
B. Incorporation to the relevant legal requirements- It is said as a necessary part to
conduct business in the proper way along with developing appropriate legal rules so that profit or
loss to the company can be achieved in a correct way. The legal acts that are necessary to be
incorporated are related to Partnership Act 1963 and Partnership Act 1892 (Australian Capital
Territory Current Acts, 2018). These Acts look after developing liability in the partnership, along
with monitoring business performance by integrating better strategies for business (New South
Wales Consolidated Acts, 2018). In order for a partnership to be successful, it is essential to have
a range of clear outcomes attached that can be used in order to measure success.
C. Private-Public partnership- this partnership stays incorporated with developing a
contract to the business along with managing private-public partnerships. The private party looks
after providing public service that assumes substantial financial and operational risk in the
project. In this type of partnership, Government also says to provide a capital subsidy in the form
of a one-time grant that makes the project to be economically viable (Los Ríos-Carmenado,