Optus Telecommunication Assignment
Added on 2019-10-31
12 Pages3026 Words149 Views
Running Head: APPLIED PROJECT 1Applied Project
Applied Project 2AbstractThe following report is based on Optus telecommunication, a leading telecommunication company in Australia. The company is operating in telecommunication industry which faces significant amount of risk. In the present report, the several risks such as market risk, operationalrisk and compliance risk has been identified. The telecommunication industry is heavily regulated and several laws related to under privacy, bandwidth usage and employment are imposed upon it. It is important for the organization to abide by these laws so that the government does not impose any penalty. Other than that, the organization also faces market riskdue to low switching cost and large number of competitors. The report has also highlighted various solutions which can be used to addresss the issue.
Applied Project 3Table of ContentsBrief description of proposed organization:....................................................................................3Identify the major problems in the organization:............................................................................3Solutions:.........................................................................................................................................6Conclusion.......................................................................................................................................9References......................................................................................................................................11
Applied Project 4Brief description of proposed organization: Optus Telecommunication is the second largest telecommunication organization in Australia with a majority market share. It is the part of the Singaporean Singtel, which is an international multinational telecommunication organization. In Australia, the company operates under the name of Optus and has the possession of several other organizations in the telecommunication field. It maintains several wholly owned subsidiaries in mobile telephony market, network services and ICT services market. The company has entered in the market recently, however, in order to grab the maximum market share and attain customer loyalty, it is providing excellent services. In this regard, the organization has established and maintaining its own network infrastructure. The company is also using the wholesale services of Telstra and National Broadband Network for providing networking services to the customers. Its networking infrastructure is used to provide services directly to the users and to provide services to other service providers also. It also provides broadband and wireless internet services to customers. Identify the major problems in the organization: Optus is one of the biggest telecommunication organizations in Australia. It has several independent subsidiaries which assist in providing excellent services to the customers. The biggest competitor of the organization is Telstra and in order to retain substantial market share, the organization needs to provide excellent networking and other related services to the customers. However, with the size of and operations, the challenges for the organization also become enormous. In a recent report, it has been identified that the organization has issues in its financial and operational procedures. The report has shed light on the credit management of the organization, management of fixed assets and balance sheet reconciliation. The report also identifies the security administration issue in the commercial management system of the
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