Original Creations: Project Analysis, Benefits, and Reflections

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Case Study
AI Summary
This case study examines Original Creations, a company facing challenges in marketing 'lifestyle' products, particularly after a recent failed venture. The report analyzes the reasons behind the project's struggles, including issues with sales, product quality, and idea generation. It explores different business options, such as 'Do the minimum we can' and 'Do something else,' recommending the former for its potential to achieve slow but positive growth. The report details the expected benefits and disadvantages of this option, including its impact on risk-taking, market analysis, and financial investment. Furthermore, it outlines a project timescale of six months for implementation and one to two years for revenue generation, identifying project costs and operations/maintenance costs as key considerations. The analysis also identifies the teams involved in reducing the product returns. Desklib provides students access to this and other solved assignments.
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Original Creations
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Executive Summary
The overall report is about the case study on Original Creations which is related to the dogs and
cats wear and this act as an automatic air freshener for bathrooms and birthday card kits. The
report will cover discussion about reasons for doing the project and also about business options
which needs to be considered into appropriate manner. In addition to this, the report will cover
analysis about the expected benefits and non-benefits and costs as well. Moreover, the report
will cover discussion about personal reflection which is based on the learning experience. The
report also consist of timescale over which the benefits will be realised.
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Table of Contents
INTRODUCTION ..........................................................................................................................5
MAIN BODY ................................................................................................................................5
PART 1............................................................................................................................................5
Explain about the reasons for doing the project .........................................................................5
Explain about different options that have been considered and also recommend a particular
option as well..............................................................................................................................6
Describe about the expected benefits of the recommended option into the measurable terms...6
Describe about the disadvantages for the recommended option ................................................7
Describe about the two timescale of project over which the benefits will be realised...............8
Explain about the two costs which will be incurred over the benefits realisation timescale......8
CONCLUSION ...............................................................................................................................8
PART 2 ..........................................................................................................................................9
Give reflection report about certain skills which has been learnt at the time of experience .....9
REFERENCES..............................................................................................................................12
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INTRODUCTION
Business management refers to the managing the organisation and coordination of
activities of business. Management is basically the in charge of organising, planning, controlling
and directing the resources of business so that they can meet out the objectives of the
policy(Avasilcăi and Rusu., 2015). In the present report, a case study is taken into consideration
on the Original Creations. The company has to face failure into the context of its latest venture
after trying continuously for three months into the market for the new product. The present report
will cover analysis about reasons for doing the project and also about business options which
needs to be considered into appropriate manner. In addition to this, the report will cover analysis
about the expected benefits and non-benefits and costs as well. Moreover, the report will cover
discussion about personal reflection which is based on the learning experience.
MAIN BODY
PART 1
Explain about the reasons for doing the project
There are certain reasons of doing this project which is defined into the following
manner:
Original Creations wants to market certain 'lifestyle' products which uses direct mail
brochure and the internet as well. Products which are marketed includes the rain wear range for
cats and doges. In their outdoor collection they have also marketed a range of garden lights
which is in the shape of garden flowers and outdoor cloth dryers. Original Creations has to face
failure into the context of its latest venture which is continuously facing failure after three
months of trial. Mary has to face failure into the context of tenth new product failure and she is
also worried in terms of that she is losing direction(BaÅŸkavak.,2017). The problems are related to
the sales which is lower than the expected level and also about the quality, useful parameters as
well. They have to face problems in terms of damage of goods and the returns which are too
high in order to justify the continuation of the product. There are also certain problems which is
related to the product idea generation and that is totally based on the in-house parameters. So
these are the problems which is faced by the Original Creations in terms of doing the project.
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Explain about different options that have been considered and also recommend a particular
option as well
There are different kinds of options of doing the business and it is explained into the
following manner:
ï‚· Do the minimum we can: In this option, a business has to do those activities which
needs to be required to do within the project(Bryceson and Vuorela, eds., 2020). A
project has to follow those certain minimum steps or activities which are essential for the
growth and development of the business.
ï‚· Do something else: Within the project, if business can't stand competitively into the
market then they have to search for another option and have to do another activities
which is beneficial for the growth and development of the business.
It has been recommended to do the project into successful manner within the business it is
required that to choose the option of 'Do the minimum we can'. Within this option business have
to perform all those activities and have to take those decisions for which business can perform
into the out of box manner. If business do not take the essential steps for its existence into the
market then it becomes challenging for Original Creations to stand competitively into the market.
So this is the best option for the company to do business and complete the project into positive
manner.
Weight Scorecard
Weighted Scorecard
Criteria Project Required Score
Quality 30% 30
Performance 25% 25
Stakeholders 15% 15
Cost 5% 5
Communication 5% 5
Weighted Scores 100% 16
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Describe about the expected benefits of the recommended option into the measurable terms
There are certain benefits of 'Do the minimum we can' option which is defined into the
following manner:
Through this option, the business can take essential step due to which there are chances
that the business can grow into small pace manner rather than doing nothing(Guldmann, and
Huulgaard., 2020). It is a kind of option where with support of slow growth there are chances of
receiving positive outcome. This benefit can be considered into the qualitative aspect because
through small changes Original Creations can achieve bigger success into the positive aspect.
When smaller steps have been taken by the company then they can properly analyse their
loopholes and also able to understand the market into deeper manner due to which company gain
the confidence level to stand strongly into the market. Through this option, Original Creations is
able to achieve short term and long-term objectives into positive manner(Othman and et.al.,
2019). With support of this option, business can analyse into the market in appropriate manner
that whether the idea can achieve success into positive manner or not. So these are the benefits of
choosing 'Do the minimum we can' option into the market for the successful accomplishment of
goals into positive manner. With support of these benefits, the project can achieve bigger success
from the perspective of future.
Describe about the disadvantages for the recommended option
There are certain disadvantages of 'Do the minimum we can' option which is defined into
the following manner:
Through 'Do the minimum we can' option, the project can't achieve bigger success into
smaller period of time. When only essential steps have been taken by the Original Creations then
they are unable to take risk which is essential for the growth and development of the
organisation. In order to analyse the market, they somewhere give chance to other businesses and
competitors to grow into fast pace manner due to which they take very long period of time for
creating its own existence into the market in this competitive environment(Pardede., 2020).
When project initiate itself with smaller steps then they can't think from the bigger perspective
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because their targets become for smaller period of time due to which they forget about their
bigger success. When business have chances of fear of failure then they also invest very smaller
amount from the perspective of financial parameter. When business do not invest from larger
perspective then their growth also becomes slower and also they can't arrange essential resources
for the project or business as well. So these are the disadvantages of choosing this particular
option for the project.
Describe about the two timescale of project over which the benefits will be realised
The two timescale of project over which the benefits will be realised is explained into the
following manner:
For the implementation of idea into positive manner, there is requirement of six months
where the project has achieved the realistic steps into practical manner. In order to generate
revenue at large scale, Original Creations require one to two years for achieving success on the
larger scale. In this manner from the practical aspect the project requires around two years in
order to stand competitively into the market. So these are the two timescale of project over which
the benefits will be realised.
Explain about the two costs which will be incurred over the benefits realisation timescale
There are majorly two costs which needs to be incurred over the benefits realisation
timescale and it is defined into the following manner:
ï‚· Project Costs: It refers to the total funds which is required to complete the project into
appropriate manner and that is basically consist of direct and indirect cost(Strine Jr.,
2016). In context to Original Creations, they have to use project costs so that they can
accumulate appropriate resources according to the requirement of project in order to
achieve success into the project.
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ï‚· Operations and maintenance costs: This is the cost which is related to the operating
and maintenance of that component. In context to Original Creations, they have to
implement this cost for the successful implementation of project into positive manner. So
these are the two costs which will be incurred within the project.
Gantt Chart:
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Project in ORIGINAL CREATIONS
You will need to carefully read the ORIGINAL CREATIONS Case Study Data document
and address the questions below
Q1: Summarise in your own
words what are the key
elements to include in the
project. Make sure you give
There are certain key elements which needs to be included
in the project. It includes timescale, project costs,
operations and maintenance costs.
ï‚· Timescale which is about setting a time frame to
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details about each issue
instead of just listing them.
complete or to achieve that particular task within
the set period of time.
ï‚· Project cost is a cost which is essential to complete
the project into appropriate period of time.
ï‚· Operation cost is a cost which needs to be incurred
to run the daily activities of a business.
ï‚· Maintenance cost is a kind of expense which is
incurred by an individual or to keep the assets into
the working condition.
Q2: Identify the different
teams present within
ORIGINAL CREATIONS
and what role they can play
in reducing the product
returns
There are three teams within the original creations who
can play an active role in terms of reducing the product
returns. It includes marketing team, Problem solving team
and project team.
ï‚· Marketing team is a team which plays an active
role in terms of building the strong image of a
company.
ï‚· Problem solving is a team which has done deeper
research regarding the problem and finds the core
reason of problem.
ï‚· Project team which plays an active role in terms of
analysing every aspect of the project and also make
sure that it meet out the requirements into
successful manner.
Requirements for a reduction in product failures
per department
You should identify the requirements to enable a reduction in product failures. Note that
staff members of ORIGINAL CREATIONS work in teams and have different
responsibilities.
Requirement 1 Research and understand the competitors into appropriate
manner
Requirement 2 Analysis of the market
Requirement 3 Understand the product into deeper manner
Requirement 4 Work on the clear product positioning statement
Requirement 5 Understand about the customers problems and
requirements
Requirement 6 Needs to work on pricing parameter
Requirement 7 Company has to work on promotional parameter with
support of social media platforms
Requirement 8 By making changes in the product sales strategy
Requirement 9 Give a story about the product
Requirement 10 By giving a new name to the product
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Requirement 11 Combatting the false claims and also prevent bad reviews
Requirement 12 Get purchase commitment before the final development of
product
Requirement 13 Integrate the customers through innovation factor
Requirement 14 By pursuing the most popular parameters of the product
Requirement 15 By making improvement into quality control parameter
Evaluation of Potential Project plan
You will need to undertake wider research outside of the ORIGINAL CREATIONS Case
Study Data document in order to find and evaluate possible solutions
Possible
Project step
1
Name
What features
does it have?
Does it meet all
requirements listed
in previous table?
Does it have
any drawbacks
or potential
problems?
Potential cost to
ORIGINAL
CREATIONS?
Aim of
project
In this step, it is
necessary to
have clarity
about the
project aim
Yes, it meet out all
the requirements of
the project
When there is
clarity about the
vision of
project then
there are no
potential
problems
Five Dollars
Possible
Project step
2
Name
What features
does it have?
Does it meet all
requirements listed
in previous table?
Does it have
any drawbacks
or potential
problems?
Potential cost to
ORIGINAL
CREATIONS?
Objectives
of project
The objective
should be clear,
short,
comprehensive
and also should
be in
measurable
manner
Yes, it meet out all
the requirements of
the project
No, it has not
any drawbacks
related to their
clarity and
comprehensive
ness of the
project
Ten Dollars
Possible
requirement
1
Name
What features
does it have?
Does it meet all
requirements listed
in previous table?
Does it have
any drawbacks
or potential
problems?
Potential cost to
ORIGINAL
CREATIONS?
Research
and also
develop a
understandi
It has features
related to
deeper analysis
and finding out
the main
requirements of
Yes, it meet out all
the requirements of
the project
No, it has not
any problems
because with
proper analysis
and research
company can
Fifteen Dollars
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ng of the
competitors
the customers face
competitors
with proper
requirements
Possible
project
3
Name
What features
does it have?
Does it meet all
requirements listed
in previous table?
Does it have
any drawbacks
or potential
problems?
Potential cost to
ORIGINAL
CREATIONS?
Possible
requirement
s
3
Concept of
project
Possible
project step
4
Project
Design
Possible
project step
4
Resource
Allocation
Possible
project step
5
Promotional
Strategy
What features
does it have?
It is related to
the the core
basic
requirement
which is based
on the whole
working of the
project
What features
does it have?
It is related to
the product
development
and growth
which needs to
be considered
for the final out
come
What features
does it have?
Through
resource
allocation
project can
meet out all the
requirements
What features
does it have?
This strategy
help in terms of
attracting
customers and
Does it meet all
requirements listed
in previous table?
Yes, it meet out all
the requirements of
the project
Does it meet all
requirements listed
in previous table?
Yes, it meet out all
the requirements of
the project
Does it meet all
requirements listed
in previous table?
Yes, it meet out all
the requirements of
the project
Does it meet all
requirements listed
in previous table?
Yes, it meet out all
the requirements of
the project
Does it have
any drawbacks
or potential
problems?
No, it has not
any problems
Does it have
any drawbacks
or potential
problems?
No, it has not
any problems
Does it have
any drawbacks
or potential
problems?
No, it has not
any problems
Does it have
any drawbacks
or potential
problems?
No, it has not
Potential cost to
ORIGINAL
CREATIONS?
Eight Dollars
Potential cost to
ORIGINAL
CREATIONS?
Thirteen Dollars
Potential cost to
ORIGINAL
CREATIONS?
Twelve Dollars
Potential cost to
ORIGINAL
CREATIONS?
Sixteen Dollars
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