Analysis of CPB Contractors: Vision, Mission, and Strategic Plans
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This business report analyzes CPB Contractors, including its vision, mission, strategic plans, and customer satisfaction. Learn about the services provided, customer segmentation, and promotional strategies.
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Running head - BUSINESS REPORT Business Report Name of the student Name of the university Author’s note
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1BUSINESS REPORT Introduction The purpose of the report is to analyze and describe the selected organization’s vision, mission, strategic plans and other aspects that would help in understanding how the organization copes up with the needsof the customers and how it delivers customer satisfaction. The organization that is selected for the analysis in the business report is CPB Contractors. Discussion The name of the selected organization is CPB Contractors. The vision and mission of CPB Contractors is to generate the maximum amount of sustainable returns for the shareholders of the organization by the delivery of superior projects to the clients. The company is located at Australia. The customer service or the work that is produced by the organization is mainly design and construct, construction and management, alliance with other contractors and Public Private Partnership with CIMIC Pacific Partnership (Dai 2017). The customers of CPB Contractors are mainly government agencies, real estate handler and investors, high business contractors and public administrators. The main bases of the customer segmentation of CPB Contractors are geographic and income basic. The specific researches are done by the use of some key words such as CPB contractors’ customers, basic customer segmentation of CPB. The service that mainly CPB contractors delver are related to construction. The first and foremost aspect for construction is safety. The customers’ need safety when they are traveling through a tunnel or bridge or entering a building that is constructed. The need for how much safe and innovative should the service of CPB Contractors are needed to input in their service is determined with feedback from the clients of the projects (Clarke, de Ambrosis and Tan 2017).
2BUSINESS REPORT The main promotional strategy that CPB Contractors follows is to deliver their mission through anchoring the portfolio in a building of complementary capabilities of the assets across. The organization mainly target their customers with the help of superior infrastructures and the resources that is used to amplify the insights and extends of the ultimate value that is also the foundation for growth of the company (Tan, de Ambrosis and Clarke 2017). The company have taken in account of all the feedbacks that is related to the promotion of the strategic plans need for targeting the needs of the customers. CPB Contractors have procedures that help in monitoring the specific promotional strategies. The team that helps in monitoring the plan also keeps in account that the plans are relevant to the customers’ need too. Fig – 1 Financial performance data of CPB and CIMIC group Source –"Budge and financial plans",Cpbcon.com.au, 2019. [Online]. The main segment of CPB Contractors are geographic basis and on income basis. The company selects and produces its services depending on the geographic location of the country and other countries too. They provide their services to the locations from where they could generate the maximum amount of revenue by delivering their constructed project. On the basis of the income basic of their clients, CPB Contractors take up the projects which could make them able to earn minimum profit from their clients on the basis of the income of their clients (Clarke, deAmbrosis and Anthony 2017).
3BUSINESS REPORT The alternative services in the Australian market that provides the same kind of service that of CPB Contractors are Lend Lease, Laing O’Rourke Australia and Probuild. These construction companies are well developed and compete in the market with CPB Contractors. They provide service in the construction field like that of CPB Contractors. They have advantages over CPB Contractors as they take small tasks and usual constructions. The main disadvantage that these companies faces due to the huge brand loyalty of CPB Contractors. The customer handling is quite nurturing in the company itself. The customers’ need safety from the service that is provided by the organization. Construction business is risky and clients require safety from the companies. The customers’ also needs the project to be economic. The project given to the contractor company is needed to be under the selected budget by the customers. These two aspects is needed to keep in mind to understand the need of customers. The employee handling the customers’ should put them in place of the customer and think about their needs in place of them. The alternative service could be provided to the customers in place of previous service by understanding the project needed by the client (Charles 2017). The customers have every rights to dismiss the project proposal or plan if it is not up to the mark or the customer thinks that the project is not satisfactory. Regulation and legislations such as The National Construction Code of Volume 1 and 2, Plumbing Code in Australia as Volume 3, State and Territory Legislation such as Building and construction Industry Security Payment Act of 199 and Construction Contracts Act of 2004 is followed by the organization (Chan et al. 2018). The service that could be placed in place of the previous services that would help in ensuring the referrals and also helps in matching the customer needs would be a service that
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4BUSINESS REPORT would help in creating more integrity and more safety and economic. Innovative ideas are also welcomed as new end of services (Ashworth and Perera 2018). Different modes of communication and campaigns related to employment motivation would be needed to ensure the pipeline of referrals. One internal networking would be open end communication and one external would be getting in touch with the customers. These factors are important as they would help in developing new pipelines for referral (Brown and Loosemore 2015). The current method of maintaining the records and customer interaction history of the company are outdated. They store the data and use in manually. With the development of AI and BIG DATA and Cloud computing, the comparing and the customer records could be stored and used with the development of new artificial intelligence that would help the organization I doing the work. Conclusion Thus the report could be concluded by providing the insight and brief overview of CPB contractors, its operations, its domains, service provided by the organization, the segmentation and the customer needed that is maintained by the organization. The company have maintained their brand name with the acquired brand loyalty and brand name due to the superior quality of work it produces for their clients.
5BUSINESS REPORT Appendix 1.Whatis the name of the company, their vision & mission, their location & the customer services and/or products that they provide? 2.Whoare their customers & what are their customer segments? Describe how you researched this online using specific words and phrases (Boolean operators) to ensure you got valid & reliable information. 3.Howdoes this company determine what their customer’s needs are? (Use specific evidence based research examples and explain how this helps identify the customer needs). 4.Explainthe role of promotional strategies in targeting customer’s needs using a specific promotional strategy used by this company for this product or service. 5.Whatprocedures does the company have in place to ensure that their promotional strategies are up to date and relevant to the customer’s needs? Please include numerical data such as sales figures etc 6.What products or services are offered by the company to each segment & why? (Identify wherethe company meets the specific needs of the customer in the service or the product andhowthey match the product or service to these needs). Support this answer with evidence & analysis from your research. 7.What are some areas of the customer’s need that maynotbe met by this product or service? (Include any difficulties that you can envisage with the way the product or service is marketed? Support this answer with evidence & analysis from your research.
6BUSINESS REPORT 8.What alternative products or services are there in the same market? List three (3) and briefly describe their advantages & disadvantages. 9.If you were working for this company describe how would you assist your customer in determining what they needed from this product or service? What alternatives could you offer them in the product range? How would you prioritise what the customer’s needs were? 10.What rights do the customers have with regards to faulty products or unsatisfactory services? (Quote relevant legislation, ethical obligations, Codes of Practice, Policies & Procedures, Terms and Conditions, Product Disclosure Statements & identifyhow & whenthey are applied andwhateach one means for the consumer). 11.What procedures would you put in place if you were working in this company to ensure thatallreferrals for the product or service are relevant and matching to the needs of the customer? 12.What events and networks would you need to attend and/or maintain to ensure that you had an ongoing pipeline of referrals? Give two (2) examples one internal and one external and why you consider these two be the most important. 13.Imagine you are the owner, manager or team member of the company you have picked. Your task is to research current best practice in maintaining customer records and customer interaction history and then describe / suggest what your company will do to achieve best practice in these areas. You are required to document the process including howyourcompanymanagescustomersatisfaction,customerconfidentialityand
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7BUSINESS REPORT customer security? How do your recommendations compare with what currently exists in the company? 14.Finally, who would you distribute this report to if you were working in this company and why? Who would you seek feedback from to ensure that your findings were suitable & sufficient for organisational requirements?
9BUSINESS REPORT Brown, J. and Loosemore, M., 2015. Behavioural factors influencing corrupt action in the Australianconstructionindustry.Engineering,ConstructionandArchitectural Management,22(4), pp.372-389.