Business Consultancy: Developing a New Waste Management Offering for Foott Waste Solutions
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This assignment focuses on the development of a new waste management offering for Foott Waste Solutions, a prominent waste and recycling services provider in Australia. The report includes a detailed work plan, timetable, confidentiality considerations, project costs, and qualifications of the team involved.
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BUSINESS CONSULTANCY
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Table of Contents INTRODUCTION...........................................................................................................................1 OBJECTIVES AND VALUE PROPOSITIONS............................................................................1 BACKGROUND.............................................................................................................................2 WORK PLAN..................................................................................................................................2 Model......................................................................................................................................2 Approach................................................................................................................................3 Process....................................................................................................................................3 TIMETABLE...................................................................................................................................4 CONFIDENTIALITY......................................................................................................................4 PROJECT COSTS AND TERMS...................................................................................................5 QUALIFICATIONS........................................................................................................................6 SUMMARY.....................................................................................................................................7 CONCLUSION................................................................................................................................7 REFERENCES................................................................................................................................8
INTRODUCTION Business Consultancy refers to the process undertaken by experts to provide better alternatives, methods and way of working for an organisation which is undergoing a major issue, or is wishing to grow within the marketplace(Biedenbach Bengtsson & Marell, 2015). Thus, in context to this, the assignment below is based on Foott Waste Solutions, which is one of the prominentfirmswithinAustraliaprovidingwasteandrecyclingservicestoindividuals, communities and organisations. Hence, the report is based on development of a new waste management offering for the company through a project, which would be covering, a detailed work plan, timetable, confidentiality consideration, project costs, terms, as well as human resources. OBJECTIVES AND VALUE PROPOSITIONS It is crucial that the objective and value of the project is predetermined in order to set up the basis for which the same would be developed. ForFoott Waste Solutions, the new offering would be made for certain objectives that are stated below: With new offering, the company would be aiming at an increase in profitability by at least 2% in the next 3 months. The firm is targeting an enhancement in customer base by almost 6% at the end of 6 months of the new product launch. Foott Waste Solutions is planning to capture at least 0.75% of the market share of this sector within the country through its new offering. Apart from the objectives set above, it is imperative for the organisation to ensure the value which this project holds in terms of the requirements of the market and benefits it would be helping the firm to achieve(Aronoff & Ward, 2016). Hence, below is the value proposition of this new offering which is being consulted to the company: 1
Figure1: Value Proposition BACKGROUND Foott Waste Solutions is an effective medium sized company within Australia which deals in providing its customers with waste and recycling services. Currently, the company is facing the problem of a weaker profitability, as well as improper customer retention. Thus, this is an opportunity to provide consulting services to this firm(Speculand, 2014). Hence, project that is proposed to the company regarding this situation is associated with development of a range of new waste management offerings, which would be smart waste solutions,usingtechnologiessuchasArtificialIntelligenceandAutomationtofunction. Moreover, these offerings would be having smart compressors, along with statistical displays regarding the capacity of waste holding. Thus, the scope of this offering is very high in relation to the organisation and its problem. WORK PLAN Model The whole work plan regarding this project would be based on specific model of consultancy, which is Doctor-Patient Model(Aragonés-Beltrán, García-Melón & Montesinos- 2
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Valera, 2017). This approach is associated with seeking help from a consultant in regards to a specific issue which is needed to be addressed within the firm. Furthermore, the consultant in this approach is associated with providing the remedial solutions for the company. The reason as to why this model has been chosen for this organisation is that the firm is facing certain problems which the firm has failed to identify on its own. Hence, doctor-patient model would help in determination of such issues, such as lower profitability due to changes in demand and need for better offerings.Hence, in regards to this, it becomes necessary to provide the company with remedial approaches and hence, this model is apt for the firm. Approach The mainapproachthatwould be undertakenforFoott WasteSolutionshasbeen associated with a detailed internal and external research and brainstorming the ideas related to the same. Hence, firstly the problem of the company was identified, which was related to customer retention and profitability. Secondly, through brainstorming, the remedial solution was determined to be a new range of waste management solutions(Murari & et. al., 2017). Process Since the Doctor-Patient approach has been identified as the most appropriate one for the organisation, below is the proposal for the process that must be adopted byFoott Waste Solutions, adhering to the assumptions of this approach: Idea Generation Judgement of readiness of clients Feasibility Screening Determination of Resources Budget Allocation Purchasing of raw materials and machinery Training to employees Product Development Performance Testing TIMETABLE One of the most crucial aspects within a project is associated with its timeline(Okorio, & et. al., 2020). It basically covers the overall time from the inception of the idea till its final 3
execution in form of a product or service. Hence, for these above activities described for its initiation, planning, execution and control, below is a detailed timeline for the same. PROJECT ACTIVITIESESTIMATED TIME Idea Generation1 week Judgement of readiness of clients3 days Feasibility Screening1.5 Weeks Determination of Resources2 Weeks Budget Allocation1 week Purchasing of raw materials and machinery1 Week Training to employees3 Weeks Product Development4 Weeks Performance Testing2 Weeks Justification:Majority of time has been given to the development of solution for the organisation as it required integration of all the resources, functions and operations onto development of the new range of offerings that would help the company in solving its issue. Furthermore, resource determination and performance testing have also been given priorities as it is imperative to find and hire resources that could appropriately serve the purpose, which takes ample amount of time considering the contractual purchase, dispatch and logistics. Moreover, 2 week performance testing would allow in determining the problems that could possibly arise within the anticipated life cycle of these products. CONFIDENTIALITY For any project, it is necessary that certain details which are private and confidential to the company must be remained secured, along with protection of the efforts and hard work of all the employees associated with this project. Hence, in relation to all these legal considerations, there are certain measures suggested toFoott Waste Solutions: Data management:One of the best ways in which the company could ensure the confidentiality of crucial and sensitive information is through data management. Within 4
this, the firm must keep all the data and information safe within digitalised systems that are encrypted and password protected(Castelhano & Roque, 2015). Authoritative Access:One of the most prominent reasons for data theft and loss of confidentiality is related to ineffective access of sensitive information to individuals. Hence, in relation toFoott Waste Solutions, the company must provide authorised access to only the senior members of the company with whom the information is likely to remain safer and more secure. Patent:In relation to protect the original efforts of the employees, as well as the unique features of this new waste management solution, then the company is required to get the newly developed technology and design patented, which would allow the firm to adhere to each and every legal consideration for this project. PROJECT COSTS AND TERMS It becomes necessary that theterms and conditions, along with the costs are set up before the project to determine its performance based on these indicators. Hence, both these aspects in context of this project are determined below: Terms and Condition: There are different terms and conditions that are related to this project. Some of these are crucial in order to ensure a legal binding towards development and usage of the new offerings. Hence, the terms and conditions must include the quality status of the offerings, registered suppliers’information,definitetimeandscopeofitsdevelopment,usagedetailsand maintenance methods for safe and effective use Project Cost Below is an estimated budget of this project, which would be including the cost incurred for different resources and processes: PARTICULARSAMOUNT ($) Human Resources5,000 Technical Equipments12,000 Software Acquisition15,000 Raw Materials7,000 Technological Resources13,500 5
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Legal Protection (Patents and Insurance)5,500 Performance Testing Methods4,000 TOTAL62,000 QUALIFICATIONS For a given project, there are several appropriate and effective human resources that are required to make the whole project a success. Furthermore, they support the overall requirements and adherence to the ethical, legal and technological needs that are given required by the project. Hence, in this scenario, below are several roles and experiences that are needed in development of these new offerings. Project Manager:This individual would be required to handle and manage all the operations of this project, along with management of each resource and function for completion of the same. As for experience he must be at least 5 years into this field, which would make him apt enough to handle all the operations and resources in a sound manner(Durán-Escudero, García-Peñalvo & Therón-Sánchez, 2017). Technical Supervisor:All the technological resources and functions would be managed and supervised by this person. He must have a professional Masters degree in the technological field and at least 3 years experience in working with technologies like Artificial Intelligence and Automation. Finance Manager:This individual will be directly responsible for all the supply and funding of money that would be required by the company to complete the project, which wouldcovercostsformarketresearch,acquisitionofresourcesandtechniques, maintenance and other miscellaneous activities. In context of experience, minimum of 3 years experience would be required for this person to handle these operations at par with the professional standards. Human Resource Manager:All the training regarding new software, techniques and technologies would be given by this expert and thus, a minimum requirement is 5 years experience in this field and full affiliation with the technologies used. Project Team:All these individuals include workers, project team members and other employees handling this project and responsible for its physical development. Hence, 6
minimum of 2 years experience with the company would be the criteria for these people to be a part of the project team. SUMMARY Thus, with these considerations and effective application of the Doctor-Patient model, Foott Waste Solutions would be able to effectively solve the issue and develop a new range of appropriate products that would be satisfying its project objectives, as well as would ensure high profitability and customer retention for the company. CONCLUSION Thus, it is concluded from the report above that business consultancy is a very crucial activity to be adopted by companies who are facing some issue and wish to gain expert insight. Moreover, it is crucial that a project plan is developed along with legal, financial, time and human resources considerations,Lastly, in terms of work plan, Doctor-Patient Model of consultancy works best in regards to suggesting the client with a problem they are currently facing. 7
REFERENCES Books and Journals Aragonés-Beltrán, P., García-Melón, M., & Montesinos-Valera, J. (2017). How to assess stakeholders' influence in project management? A proposal based on the Analytic Network Process.International journal of project management.35(3). 451-462. Aronoff, C., & Ward, J. (2016).Family business governance: Maximizing family and business potential. Springer. Biedenbach, G., Bengtsson, M., & Marell, A. (2015). Brand equity, satisfaction, and switching costs:Anexaminationofeffectsinthebusiness-to-businesssetting.Marketing Intelligence & Planning. Castelhano, N., & Roque, L. (2015, June). The “Malha” project: A game design proposal for multisensory stimulation environments. In2015 10th Iberian Conference on Information Systems and Technologies (CISTI)(pp. 1-5). IEEE. Durán-Escudero,J.,García-Peñalvo,F.J.,&Therón-Sánchez,R.(2017,October).An architectural proposal to explore the data of a private community through visual analytic. InProceedings of the 5th International Conference on Technological Ecosystems for Enhancing Multiculturality(pp. 1-9). Murari, A. L. L. F., & et. al. (2017). A proposal of project of pi controller gains used on the control of doubly-fed induction generators.IEEE Latin America Transactions.15(2). 173-180. Okorio, J., & et. al. (2020). Agroforestry research project proposal for the Kigezi annual montane food crop system in the highlands of Uganda.World.21. 22. Speculand, R. (2014). Bridging the strategy implementation skills gap.Strategic direction. 8