Case Study Analysis: Gold Transport Services Business Performance

The case study examines Gold Transport Services, a family-owned car rental business registered as a single proprietorship. The assignment analyzes the challenges faced by the company, including the lack of clearly defined objectives, goals, and strategies. It explores the company's objectives to reduce problems and maximize returns, considering assumptions about financial support and vehicle maintenance. The theoretical framework highlights the absence of a formal accounting system and suggests the use of risk and quality management tools. The study proposes alternative courses of action, such as implementing control processes, establishing strict employee rules, utilizing accounting tools, and integrating GPS services in vehicles. The conclusion emphasizes the importance of effective operations, risk mitigation, and automation to enhance the business's performance. The report also includes a list of relevant references.

Case Study
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Contents
Case Study.......................................................................................................................................1
Introduction......................................................................................................................................3
Statement of problem.......................................................................................................................4
Objectives........................................................................................................................................4
Assumptions....................................................................................................................................4
Theoretical framework.....................................................................................................................4
Alternative course of actions that the company can take................................................................5
Conclusion and the recommendation...............................................................................................5
References........................................................................................................................................6
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Introduction
The current assignment is related to the case study of the Gold transport services that are having
various impacts on the performance of the business. In the current case study is related to the
case that the business organisation is facing so as to the leisure the business mix. This has been
identified that the corporate refers to the condition through which they are able to generate day to
day needs and are also able to attain the objective of maximising the support for the company.
this is considered that gold transport services are considered to be the family owned business
which is considered to be owned through the single proprietorship which is under the name of
Ms. Rhoda Jimenez. This can be considered that it is identified through the department of trade
and industry office and is registered under this department.
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Statement of problem
The problem that the company is facing is that they are not having any of the clearly defined
company objectives also the goals and the strategies for the same are not defined under this act.
This is considered that as a small business owner the company is not having any of the formal
mission and the vision statement due to which they are not able to generate high return. The
company is also not having any of the defined plans for the same which can lead to depletion of
the clientele base (Akbiyikli, et. al., 2019).
Objectives
The company is having the objective where they are considering to reduce the problems that they
are facing and are also able to attain the objective in the more similar manner. the company is
having an objective of identifying the cars and the transporting vehicles so that they are able to
generate maximum return for the same (Alemu, 2019).
Assumptions
The company is having high support for financial needs and this helps in generating high return
for the same.
Also, this is considered that there is a break-down of the vehicles every time which is assumed to
be reduced.
Also, where the drivers forget to check the schedules are considered to be reduced in this
manner.
Theoretical framework
The theoretical framework that is related to the company includes that the company is not having
any of the accounting system through which they are able to formally implement the same
(Pinto, 2017). the business organisation should use different models of management where the
risk management and the quality management tools are considered by the company. the company
can attain the objective in the manner which includes the PMBOK tools and the PRINCE 2 tool
which are included for risk management and the quality management of the company (Portny,
2017).
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Alternative course of actions that the company can take
The company can take the actions such as implementation of the control process through which
they are able to generate high return for the business. here this is considered that the company
should consider the strict actions through which they are able to attain the objective of creation
of strict rules for employees that are working in the country (Selvarasu & Filipe, 2017). the
company should take the action where they should consider the use of tools and the collection
management system from the accountants. This has the advantage where the business
organisation would be able to generate high return and would also help in creating a better
operations plan in the country.
Conclusion and the recommendation
Through the above report this can be concluded that the company is not having better working
practice that helps in generating good practice. The operations of the company are considered to
be one of the most significant tools through which they are able to generate high return for the
business organisations (Silvius, et. al.,2017).
The company should use the risk mitigation process and should use the automation tools that
helps them to make the process more secured and the employees answerable for the work that
they perform. Also, the transport vehicles must be fitted with the different GPS services that
helps them to generate high return.
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References
Akbiyikli, R., Dikmen, S. Ü., Eaton, D., & Akbiyikli, B. (2019). The Critical Success Factors to
Achieve a Successful Private Finance Initiative Road Project.
Alemu, F. (2019). Assessment Of The Effectiveness Of Monitoring And Evaluation Of Ifmis
Project In Ministry Of Finance (Doctoral dissertation, Addis Ababa University).
Pinto, J. (2017). What is project finance?. Investment Management and Financial Innovations.
Portny, S. E. (2017). Project management for dummies. John Wiley & Sons.
Selvarasu, A., & Filipe, J. (2017). Editorial Note-Marketing intelligence, project management,
financial and economic implications. International Journal of Latest Trends in Finance
and Economic Sciences, (1), 1253-1254.
Silvius, A. G., Kampinga, M., Paniagua, S., & Mooi, H. (2017). Considering sustainability in
project management decision making; An investigation using Q-
methodology. International Journal of Project Management, 35(6), 1133-1150.
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