Business Report on Airtasker - Assignment
Added on 2020-05-28
12 Pages2445 Words656 Views
Leadership Management
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Running head: THINKING BIG IN MANAGEMENTBusiness report on AirtaskerName of the student:Name of the university:Author note:
1THINKING BIG IN MANAGEMENTExecutive summaryEvery company and organization wish to achieve success. However, adopting propermanagement techniques fulfills this dream. For this, the managers need to take special care of theperformance of the employees. This can be done through the means of providing safe andcomfortable workplace for getting corporate minds towards achieving efficiency in businessoperations. All these aspects seem true even for the Airtasker Company, which the assignmentrefers. Business model canvas proves effective in terms of evaluating the current businesspractices and making the necessary changes for upgrading the standards and quality. Self-reflection towards the business alterations is the confidence of the staffs in terms of justifyingtheir roles in terms of professional development.
2THINKING BIG IN MANAGEMENTTable of contentsIntroduction......................................................................................................................................3Business model canvas for Airtasker...............................................................................................3Key relationship between the building blocks of business model canvas.......................................4Critical success factors, which helped Airtasker to achieve sustainable growth.............................4Evaluation of the factors, which can cause downside risk..............................................................5Self-reflection on the changes to the business.................................................................................7Conclusion and recommendations...................................................................................................8References and bibliography.........................................................................................................10
3THINKING BIG IN MANAGEMENTIntroductionWith its headquarters in Sydney, Airtasker was founded in 2012 by the collaborative ideaof Australian entrepreneurs Tim Fung and Jonathan Lui. As a matter of specification, thecompany enables the users to outsource tasks related to mobile and marketing (Airtasker.com,2018). After the users describe the task, a budget is set, allowing the community members tocomplete the task. Following the footsteps of the Tim Fung and Jonathan Lui has assisted 120employees to take the sales revenue of the company to $3.5 million AUD. Seeking innovation inthe business has acted as an agent for the company to reach 1,700,000 users. Thirst for successproved effective in terms of raising the revenue to AUD $1.5 million immediately after thelaunch (Airtasker.com, 2018). Business model canvas for AirtaskerKey partnersTaskBox,CareerOneKey resourcesLatest design IT systemsKey activitiesBiddingValue propositionsHigh rated insuranceCustomer relationshipSocial mediaChannelsWebsite surfingCustomer segmentsUnemployed youths searchingfor jobsCost structurePremium pricing methodRevenue streamsOffers, schemes and discounts
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