This assignment requires you to critically analyze a marketing report. The report details the company's recent marketing performance, identifies key risks within the marketing strategy, and proposes an action plan for risk mitigation and ongoing monitoring.
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Monitor Risk and Evaluate Process
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Table of Contents INTRODUCTION...........................................................................................................................3 TASK 1............................................................................................................................................3 CONCLUSION................................................................................................................................7 REFERENCES................................................................................................................................8
INTRODUCTION The whole world has been governed by business organisation and these business organisation govern all the business activities.(Hollensen, 2015.)It has been seen that when an activity is to be carried out in a business organisation then there are several hurdles which include several risk also which is why it is very important for business organisation. It is very important to carry out a monitoring programme in the organisation son that all the risk shall be carefully assessed by the company. the following project has an Aim to create a skilful knowledge about how a monitoring programme has been conducted in an organisation and what shall be the benefit of conducting a monitoring programme. The project shall also focus on risk assessment plan to be governed by business organisation. An evaluation process has also being described in the following project and its importance for the business organisation in order to achieve the goal decided by company. TASK 1 It has been seen in the business scenario of coffee ville that an assessment programme has been conducted by the company in which several risk has been discovered. In order to increase all the profits of the company and to reduce losses. After six months of delivered risk management action plan an Audit was held at the company for reviewing all the management of the company and to check whether all the precautionary measures has been taken by the company or not. When the audit has been completed, then status has been derived from planned action on risk. It has been seen in the business scenario that several changes has been brought and several changes were yet to bring for an example teleconferencing system was planned for six months soon after the launch but it has not been installed. Such delayed in the action was held because there was a rollout of the federal government's National Broadband Network. This could enable the organisation to suffer from delay in the work. Such delay in the work can result into hamper of the quality of work.(Kotler, Keller, Manceau, et.al, 2015.)Such could not taken on the good account of the business organisation. The employers are also facing problems in the organisation which is not suitable for the company. Any company must take care of its employee and theior rights in order to carry out their business proposals on the next level but in the coffee villee it has been seen that the weekly management meetings are finishing close at 3 p.m as
planned but sometime situation occur in which manager had to stay on the request of team leader which is again extra work without getting any extra payment of energy and time.(Sheth, Sisodia, 2015. )Though the manager is working in form but no letter has been received by CEO which states that they does not possess authority to just walk out by 3 p.m that is the person cannot leave the office even the meeting is being done. In this way company has been violating the rights of employee against working in a business organisation which is not an healthy issue for coffeeville. The good changed which has been seen the company was that there is proper training programme for the post of assistant manager in the morning shift and they can leave the office by 1 p.m. Training is an important part of the job which develop and sharpen the skills of employee. Without training no person can do the job perfectly so it is very important to provide good training in the organisation. It has been further noticed in the organisation that coffee plant has been changed to native by which only minimal water required for the plantation. In this way the water will be saved by company as well as process of plantation shall also be carried out. There was installation of dual flush toilets but such installation was not done successfully because of the backlog of work by district plumber.(Wagner, Eggert, 2016.)The company has to take certain action for the installation for the basic facility so that employee shall not face any problem. It has been further observed in the coffee ville that a training on daily banking appears to to have been successfully completed that is all the action plans which has been taken in the training was successfully completed but when the audit was conducted no banking entries for the day's sales was found on two occasion which is a considerable thing. It is very important to maintain a detailed inventory for all the deposits so that a transparency shall be maintained in the account. As it is an organisation related to coffee plantation, it is very important that there shall be a proper channelisation of water in the plat so that coffee shall grow faster and a quality of coffee shall be received and for the proper channelisation, a water tank has been built in to the courtyard but the plumbing has not been connected by which proper supply of water was not be able to occur.(Bozarth, Handfield, 2016. )A monitor programme has also being conducted on the usage of water tank which has been kept in staff room but no update of information has been given to department from past three weeks. It isvery important to update about every information so that can be bring. The bank account was also opened after four weeks. Plan
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(Bakan, 2016.)it has been seen from the business scenario prevailed in coffee ville that various risk has been assessed by the company like there was no proper channelisation of water and as it is a company which has been dealing with the plantation of coffee it is very important that proper supply of water shall be there. It has been further observed from the business scenario that even the employee of coffee has been facing problem regarding receiving letter. It should be the key principle of coffee villee to assess all the risk in the company and to implement an action plan about it. (David, David, 2016. )Such assessment shall be carried out by a monitoring plan to be conducted by company. When the risk has been assessed then a proper plan has to be made for rectifying all difficulties. These plan shall include various strategies policies and certain actions which is to be taken by the company to rectify risk management. Implementation Coffee vile is the firm which get more benefit from their enterprise resource planning and by implementing others. The organisation lookaccording to the ERP implementation from different techniques and find the condition of the extent of implementation that effect on the business when it occurs the achievement and the outcomes of the business, where as both the modify and showmoderating the roles.(Gomes, Barnes, Mahmood, 2016.)This firm help the managers to direct their attention to mosteffective factors which provide how to manage their interaction and describe on the different effects on business activities resultthe research determines the theory in current knowledge and examine and apply the implementation process on the business . The business process undertake an organisation issues in implementing the process on the major concern. The fieldresearch seek to the empirical and effective to explore the problems while implementing projects and these problem relate to the success of project. As coffee ville were based on past theories and their implementation is also done by the research related which were changed as well as experience of experts and there is a comparative list of several problems which were identified while implementing the business process . Coffee ville which analyse andclear the result and change the importance of management for success through improving the process and other sectors such as technology and planning of the project which is important to determinedbut not enough for the success in business.(Moretti, Toledo, 2015.)The problems were more directly to project such as reporting, project management planning were to be more mutual understand so we have to face less problem and we can achieve the criteria of success in business. The resolution organisation find as the project implementation
where it is complex in several factors and to succeed it is essential there is a change and well managed and it is to be balance to all the factors as such as management, technology and many more .(Iyer, Xiao, Sharma, et.al., 2015.)There is empirical substance which study in field and research on the business and the most important is to emphasise the business project research implementation with the broader change in organisationwhich effect and create the complex and socio environment. Outcomes Coffee ville is a company which suffers inefficiencies as the operations and rise over time due to diverse, and the system to be desperate their process, standards, culture, and policies. The transparency of the business to be maintained and the leader has to eliminate the inefficiencies and maximise the performance which is faced with the concern challenges such as how to protect and determine the best practices and the exist the execution and change the agenda of the successful enterprise globally and it differs the culture, customs, rules, regulation which the difficulties in language and the availability of talentand resources.(Kumar, 2015.)In most activitiesthereisordertoincreasethegrowth,whilemaintaininganddevelopingthe comparative advantage and the transformation of business process and the organisation faces the difficulties while implementation is done in business and it changes the technology and the criteria of market and it form competitive. In every sectors an organisation has to communicate the management . There are several channels to communicate the process and and give approach to the customer service and their experience and increase the customer and improve their lifetime value . Exploring business is about to make as simple as basic function of business process and improvetheir outcomes and to operational. Simplification it determines to delete the manual process, reduce human effort and work on the process automatically. Their consultant understand the various outsourcedpapers of business process and it should maintained the control over the organisation by their rules and regulation. Evaluation The method when establishing this determination and the organisation goal should be specific , attainable, measurable and have a time period to affix it and to identify all the goals so we can review and check them and evaluatebusiness strategic process. The goal to determine for evaluating trends whether we can use to protect for the future change and the particular customs has relevant for the business of an organisation. Where the organisation can judge what is the
impact of their business in the market and then plan can be executed or the action to be taken which are not harmful for trends and it is beneficial .(Baker, Parkinson, 2016.)The organisation should evaluate the direction, size and the effect of the action to be taken in Coffee ville. The purpose of coffee ville trends to protect the effects which does changes in the company and have the benefit of their trends. Coffee ville focused on the market trends what changes to dine to increase the effect. The trends should be changes according to the time exists and the business requires. Coffee ville has the approach the beneficial to the participant of th process of an organisation as they lead and they are to be motivated as the โwinnerโ. And they implement the process in the business department and lead to implementation process and they also manage the process and convince to the supervisor and approach to achieve successand increase the motivation level. Coffee Ville has ability to manage the risk effectively which depends upon theircapacityandtoachievetheintensionisforimprovementandtogoverntherisk management. CONCLUSION From the above carried out analysis a risk review report has bee prepared by the store manager. The report has been divided into two part of which first part has carried out a review report on the business scenario of coffee ville. It has mentioned about various loopholes which has been made by the company. Another part of the report states about the action plan which has to be taken by the company for monitoring and risk assessment plan.
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REFERENCES Hollensen, S., 2015.Marketing management: A relationship approach. Pearson Education Kotler, P., Keller, K.L., Manceau, D. et.al., 2015.Marketing management(Vol. 14). Englewood Cliffs, NJ: Prentice Hall. Sheth, J.N. and Sisodia, R.S., 2015.Does marketing need reform?: Fresh perspectives on the future. Routledge. Wagner, S.M. and Eggert, A., 2016. Co-management of purchasing and marketing: Why, when and how?.Industrial Marketing Management,52, pp.27-36. Bozarth, C.B. and Handfield, R.B., 2016.Introduction to operations and supply chain management. Pearson Higher Ed. Bakan, J., 2016. Social marketing: thoughts from an empathetic outsider.Journal of Marketing Management,32(11-12), pp.1183-1189. David, F. and David, F.R., 2016. Strategic Management: A Competitive Advantage Approach, Concepts and Cases Gomes, E., Barnes, B.R. and Mahmood, T., 2016. A 22 year review of strategic alliance research in the leading management journals.International Business Review,25(1), pp.15-27. Moretti, S.L.A. and Toledo, G.L., 2015. Marketing and sustainability academic production in Brazil: An analysis in leading management journals during the period of 1994-2012.Business Management Review (BMR),4, pp.616-630. Iyer, G.R., Xiao, S.H., Sharma, A. and Nicholson, M., 2015. Behavioral issues in price setting in business-to-business marketing: A framework for analysis.Industrial Marketing Management, 47, pp.6-16. Kumar, V., 2015. Evolution of marketing as a discipline: What has happened and what to look out for.Journal of Marketing,79(1), pp.1-9. Baker, M.J. and Parkinson, S.T., 2016.Organizational buying behaviour: purchasing and marketing management implications. Springer. Johnston, M.W. and Marshall, G.W., 2016.Sales force management: Leadership, innovation, technology. Routledge. Online
Evaluation of tool box.2010. [online]. Available through. <http://evaluationtoolbox.net.au/index.phpoption=com_content&view=article&id=20&Itemid=1 59>. Accessed on 2ndDecember 2016. Epa.gov.2016. [online]. Available through <https://www.epa.gov/enforcement/coffeyville- resources-refining-marketing-settlement>. Accessed on 2ndDecember 2016.
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