This report discusses the issues faced by Pro-Go Pty Ltd in terms of decreasing sales and explores existing options and technological advancements to improve sales and competitiveness. It also discusses the short-term and long-term implications of focusing on technological capabilities and provides recommendations for the company.
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Running head: STRATEGIC MANAGEMENT – PRO-GO PTY LTD STRATEGIC MANAGEMENT – PRO-GO PTY LTD Name of the Student Name of the University Author Note
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1STRATEGIC MANAGEMENT – PRO-GO PTY LTD EXECUTIVE SUMMARY The following report had shed light on the issues that are faced by Pro-Go Pty Ltd in terms of the decrease in the sales of the company. The report aimed at discussing the existing options that are being followed by the other companies in the given market. The report further discussed the importance of focusing on the capabilities of the company in terms of the technological advancements. The report proceeded towards a conclusion with the discussion on the short-term and the long-term implications of the considering the activity of focusing on the capabilities of the company for the future improvement of the company. The report ended with some plausible solutions that might have helped the organization to regain the high revenue generation that had been stunted due to the inexplicable bursting of the cameras into flames.
3STRATEGIC MANAGEMENT – PRO-GO PTY LTD Introduction Pro-Go Pty Ltd is known for the high quality of the camerasthat the company manufactures. The company is known to have been based in the area of Geelong, Victoria and was established in the year 2004. The company has been known to demonstrate a high growth within the markets wherein the company is functional. However, the company has recently been facing issues due to the undetected flaw in the manufacture of the products that are manufactured by the company. The following report attempts to shed light on the issues that are faced by Pro- Go Pty Ltd in terms of the decrease in the sales of the company. The report aims at discussing the existing options that are being followed by the other companies in the given market. The report further discusses the importance of focusing on the capabilities of the company in terms of the technological advancements. The report proceeds towards a conclusion with the discussion on the short-term and the long-term implications of the considering the activity of focusing on the capabilities of the company for the future improvement of the company. The report ends with some plausible solutions that might help the organization to regain the high revenue generation that had been stunted due to the inexplicable bursting of the cameras into flames. Existing options Security enhancement The major clients of the company in discussion, Pro-Go Pty Ltd, is one of the major retail companiesthatissituatedinChina.Thecameramanufacturerisknowntohavebeen manufacturing the cameras that are useful in the development of the security within the retail stores. The cameras that are manufactured by the company should be capable of detecting the issues that stem from the lack of proper detection techniques (Gao, Zhang and Sun 2018). This might help the retail store to address the issues of shoplifting and other theft issues that are
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4STRATEGIC MANAGEMENT – PRO-GO PTY LTD generally faced by the retail stores. The company might further be advised to include the privacy legislations that would in turn bar the other competitors in the market from replicating their products. The implementation of the copyright legislations would help the organization to maintain a uniqueness in the given markets and thereby maintain the proper sales of the products as well as the retention of the clients of the organization (Souto 2015). The implementation of the major legislations for the protection of the technologies that have been included helps to gain a better insight into gaining a proper competitive advantage within the given markets. Technological advancements Thecompanyindiscussion,Pro-GoPtyLtdmightfurtherimplementcertain technological advancements within the products that the company has been manufacturing. The major technological changes that the company might implement include the setting up of an alarm within the area wherein the cameras have been installed (Azar and Ciabuschi 2017). The implementation of the technological advancements within the products manufactured by the company would help in the creation of the competitive advantage of the company as well as help in the attracting the potential clientele to the organization. The company in discussion might be advised to launch the cameras that would be able to alert the concerned employees of the retail store in cases wherein any item has been shoplifted or gained by a certain person by using unauthorized means (Prajogo 2016). The implementation of these technological advancements should be protected via the various laws and privacy policies. Tolentino (2017) state that the majorityoftheissuesthatstemfromtheimplementationofthepropertechnological advancements tend to deal with the development of the competitive advantage of the concerned product in the given market and thus is helpful for the development of a unique positioning of the concerned company in the various international markets all over the world.
5STRATEGIC MANAGEMENT – PRO-GO PTY LTD Internet connectivity The various surveillance cameras that are manufactured by the company might prove to be more useful in cases wherein the cameras are connected to a proper recording device. The present-day surveillance cameras need to be attached to a recording device by a certain person. The major factors that might help in the development of the products might include the connectivity of the camera to the recording devices that are marketed alongside the cameras. This would lead to the conditions wherein the company would gain more profit through the sales of these high-end cameras (Dodgson 2018). The auto-recording feature within the cameras would help in the storage of the recorded activities thereby helping the concerned retail company to arrest the conditions of shoplifting within the concerned retail organization. The company might also implement various other innovations that might help in the generation of a shopping environment within the retail stores that are targeted by Pro-Go Pty Ltd as one of the major clients of the company (Soto-Acosta, Popa and Palacios-Marqués 2016). The connectivity of the concerned camera to the internet facility eases the accessibility of the events that are recorder on camera from remote locations as well. This in turn helps in the reduction in the issues that are faced by the company due to shoplifting and other modes of theft within the retail stores. Preferred option The company would be benefitting majorly if the company could introduce the factors that include the implementation of the innovations within the given products. The cameras that are manufactured by the company should include the innovative strategies like the introduction of the alarms, mechanisms for capturing the picture of the people who have been involved in the activities like shoplifting and other theft activities as well as the various ways in which the concerned camera would record the activities within its range with proper clarity (Schuck 2017).
6STRATEGIC MANAGEMENT – PRO-GO PTY LTD The implementation of the innovative measures would alert the concerned employees of the retail store in cases wherein any item has been shoplifted or gained by a certain person by using unauthorizedmeans.Theimplementationofthesetechnologicaladvancementsshouldbe protected via the various laws and privacy policies (Hendrix et al. 2018). The implementation of the technological improvements like the connectivity of the surveillance camera to alarms and other self-recording devices might further help in the record keeping within the various retail stores that the company has been targeting as their clientele. Willis, Koper and Lum (2018) state that this might also help in increasing the competitive advantage of the company in terms of the issues that are presented due to the thefts and the unauthorized access to the various products that are marketed by the concerned retail stores. The company should also take notice of the security factors that are linked to the malfunctioning of the devices. The cameras that are marketed by Pro-Go Pty Ltd should maintain the proper safety norms that are set by the concerned retail organization. This would help in the management of the situations that result from the accidental fires due to the overheating of the devices resulting in the fires within the retail stores (Heumann et al. 2016). The company might further be advised to deal with the issues that have been presented due to the connectivity of the camera to the recording devices that are marketed alongside the cameras. This would lead to the conditions wherein the company would gain more profit through the sales of these high-end cameras (Lloyd 2017). The auto-recording feature within the cameras would help in the storage of the recorded activities thereby helping the concerned retail company to arrest the conditions of shoplifting within the concerned retail organization. The company might also implement various other innovations that might help in the generation of a shopping
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7STRATEGIC MANAGEMENT – PRO-GO PTY LTD environment within the retail stores that are targeted by Pro-Go Pty Ltd as one of the major clients of the company. Short-term implications The major short-term implications of the introduction of the technological advancements would include the following enlisted factors. Attraction of clientele The implementation of the various technological advancements within the products of the company would help in the improvement of the client base within the given market as well (Tsui 2015). This in turn would help in the attraction of the clientele to the organization thereby helping in the increase in the revenues of the company. Broadening the scope of sales The marketing of the technologically advanced products helps in the development of the scope of the sales of the devices. The increase in the sales improve the amount of revenue that is collected by the company in the given markets (Rajpoot and Jensen 2015). This helps in the improvement of the overall operations of the company, Pro-Go Pty Ltd. Strengthening the presence of company in the given markets Themarketingoftheadvancedproductswithinthegivenmarketshelpinthe development of the overall performance of the company. The improvement of the overall performance leads to the improvement of the competitive advantage of the company within the given market as well. Long-term Implications The implementation of the technological investments within the company might further lead to several long-term beneficial implications as well as have been enlisted below.
8STRATEGIC MANAGEMENT – PRO-GO PTY LTD Growth of business The technological factors that have been added to the products marketed by the company tend to help in the proper growth of the business organization in the various international markets. West and Bowman (2016) state that the technological improvements further help in the increase of the goodwill of the company thereby leading to the proper growth of the business within the international markets Greater hold over market share The technological advancements within the organization tend to assist in the development of the better hold over the market share within the given market. This might also result in the development of the higher share of the investments within the given markets. Establishment as one of the major companies dealing in surveillance devices Theimplementationofthetechnologicaladvanceswithinthesurveillancedevices manufacturedby thecompanymighthelp inthe developmentof thecompetitive advantage of the company within the given market (Sandbrook, Luque-Lora and Adams 2018). This in turn would help in the establishment of Pro-Go Pty Ltd as one of the major companies dealing in surveillance devices. Conclusion Thus, from the above discussion it might be stated that the company in discussion, Pro- Go Pty Ltd might be one of the leading companies within the international market of surveillance devices on implementation of the various technological advancements within the products that have been manufactured by the company. The above discussion had shed light on the importance of focusing on the capabilities of the company in terms of the technological advancements. The cameras that are manufactured by the company should be capable of detecting the issues that
9STRATEGIC MANAGEMENT – PRO-GO PTY LTD stem from the lack of proper detection techniques. This might help the retail store to address the issues of shoplifting and other theft issues that are generally faced by the retail stores. The cameras that are manufactured by the company should include the innovative strategies like the introduction of the alarms, mechanisms for capturing the picture of the people who have been involved in the activities like shoplifting and other theft activities as well as the various ways in which the concerned camera would record the activities within its range with proper clarity. The company might further be advised to implement the recommended measures that follow in order to develop a proper growth within the given market. Recommendation The company is advised to follow certain measures for gaining a better growth in the given market. The recommended measures are as enlisted below. Cost effectiveness of the surveillance devices manufactured by the company The devices that are manufactured by the company should be cost effective in nature. This would help in the lowering of the cost of production of the company thereby increasing the amount of revenue earned by the company. This in turn helps in the development of the competitive advantage of the company in the international markets. Use of technological innovation for improving camera quality. Theuseofthepropertechnologicaladvancementstendstohelptheconcerned organization in providing the clientele with the quality products. The implementation of the technological improvements like the connectivity of the surveillance camera to alarms and other self-recording devices might further help in the record keeping within the various retail stores that the company has been targeting as their clientele. This in turn would help in the attraction of the clientele to the organization.
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11STRATEGIC MANAGEMENT – PRO-GO PTY LTD References Azar, G. and Ciabuschi, F., 2017. Organizational innovation, technological innovation, and export performance: The effects of innovation radicalness and extensiveness.International Business Review,26(2), pp.324-336. Dodgson,M.,2018.Technologicalcollaborationinindustry:strategy,policyand internationalization in innovation. Routledge. Gao, B., Zhang, S. and Sun, Q., 2018, November. The impact of Technological innovation and Business Model Innovation on Venture Capital Intention. In2018 International Conference on Economics, Business, Managementand CorporateSocialResponsibility(EBMCSR2018). Atlantis Press. Hendrix, J.A., Taniguchi, T.A., Strom, K.J., Barrick, K.A. and Johnson, N.J., 2018. The Eyes of Law Enforcement in the New Panopticon: Police-Community Racial Asymmetry and the Use of Surveillance Technology.Surveillance & Society,16(1), pp.53-68. Heumann, M., Cassak, L., Kang, E. and Twitchell, T., 2016. Privacy and surveillance: public attitudes on cameras on the street, in the home, and in the workplace.Rutgers JL & Pub. Pol'y,14, p.37. Lloyd, I., 2017.Information technology law. Oxford University Press. Prajogo, D.I., 2016. The strategic fit between innovation strategies and business environment in delivering business performance.International Journal of Production Economics,171, pp.241- 249.
12STRATEGIC MANAGEMENT – PRO-GO PTY LTD Rajpoot, Q.M. and Jensen, C.D., 2015. Video surveillance: Privacy issues and legal compliance. InPromoting Social Change and Democracy through Information Technology(pp. 69-92). IGI global. Sandbrook,C.,Luque-Lora,R.andAdams,W.M.,2018.Humanbycatch:conservation surveillanceand the socialimplicationsof cameratraps.Conservationand Society,16(4), pp.493-504. Schuck, A.M., 2017. Prevalence and predictors of surveillance cameras in law enforcement: the importance of stakeholders and community factors.Criminal justice policy review,28(1), pp.41- 60. Soto-Acosta, P., Popa, S. and Palacios-Marqués, D., 2016. E-business, organizational innovation and firm performance in manufacturing SMEs: an empirical study in Spain.Technological and Economic Development of Economy,22(6), pp.885-904. Souto, J.E., 2015. Business model innovation and business concept innovation as the context of incremental innovation and radical innovation.Tourism Management,51, pp.142-155. Tolentino, P.E., 2017. Technological innovation and emerging economy multinationals: the productcyclemodelrevisited.InternationalJournalofTechnologyManagement,74(1-4), pp.122-139. Tsui, L., 2015. The coming colonization of Hong Kong cyberspace: government responses to the use of new technologies by the umbrella movement.Chinese Journal of Communication,8(4), pp.1-9.
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