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Business Plan Summary Assignment

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Added on  2020-04-21

Business Plan Summary Assignment

   Added on 2020-04-21

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Business Plan summaryCurrent planReview and revision commentsBusinessBusiness name: BizOpsBusiness structureCompanyABN: 55 555 555 555ACN: 555 5555 5555Business location:Sydney, NSW, AustraliaDate established:1998Business owner/sSiimonGreigNatushkaGreigDevon MersydaleRelevant owner experienceSiimon, Natushka and Devon have over 50 years combined experience in manufacturing and retailing. Since starting BizOps in 1998, they have successfully grown the business from a single shopfront to over 150 retail, online and phone order outlets nationally.Products/servicesBizOps retail outlets specialise in a range of exclusive products. The business The current structure of the organization is not up to the mark.There can be implementation of few strategies and changesthat will help in introducing few other members in theorganization such as in the marketing and the humanresource department wherein proper requirements arenecessary for the proper growth of the company.The products and services that are offered by the company tothe customers are up to the mark but there can be few otherchanges that can be implemented in order to improve thecondition of the company© Aspire Training & ConsultingPage 1 of 10Document date: July 2015
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Business Plan summaryCurrent planReview and revision commentsprovides its customers with high quality and innovative products and services. Wherever possible we provide our customers with a ‘green’ solution and service. We employ sustainable business practices.MarketTarget marketBizOps customers include anyone seeking innovative, high quality, exclusive products. Customers seeking a ‘green’ solution to their needs are especially welcome.Marketing strategyBizOps employs a range of marketing tools including:•magazine (electronic and print) presence•an instore/online catalogue•a corporate website with e-commerce function•direct marketing to our existing customer base•a loyalty reward program•Trade fair participation.The strategy of marketing has to be properly revised byintroduction of the different other stakeholders in theorganization as this will help in attracting more customers nthe future.© Aspire Training & ConsultingPage 2 of 10Document date: July 2015
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Business Plan summaryCurrent planReview and revision commentsFutureBizOps is committed to:•providing high quality and innovative products and services to customers•meeting the changing needs of customers•offering innovative product solutions•delivering speedy and personalised service•employing professional and enthusiastic staff•providing clean and ‘green’ products and services•adopting sustainable work practices•Undertaking continuous improvement processes. BizOps is known for its enthusiastic and inclusive culture. BizOps seeks to maintain professional and well-supported staff.This is essential for the respective company in analysing the difficulties that are faced by the customers and this will help inattracting different customers as well in the industryGoals/objectivesIn 2015–2020,BizOps will consolidate its position in the market as a lead retailer for green and sustainable solutions for high quality exclusive products.To do this, BizOps will focus on the following business goals:[Performance measures for the introduction of the CRM software, the production of the luxury hamper and the mentoring program.]•Financial stability: -Increase revenue by 15% (compared to the previous 12 months) by the end of the financial year-Maintain annual profit levels of 15% of revenue for all products and services, calculated at the end of each financial year-Reinvest 75% of profit back into the business at the end of each financial yearThe stability of the market is strong financially and this can be improved further with implementation of different strategies that can help in increasing the profit as well. The company has to change the investment policy in the competitive market as this will help in maintaining the stability in the future market as well.•Market position:-Maintain the number one rating in the annual national industry customer There is launching of new products and services for the customers but the steady growth has to be properly © Aspire Training & ConsultingPage 3 of 10Document date: July 2015
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