Analysis of Boutique Build Australia's Strategic Plan (BSBMGT605)

This report provides a detailed analysis of Boutique Build Australia's strategic plan, covering various aspects such as the company's mission, vision, and strategic objectives. It examines the market characteristics of Sunshine Coast and Brisbane, highlighting the competitive landscape and technological advancements. The report delves into the company's strategic objectives, including job role allocation, financial organization, and market expansion. A thorough risk analysis is conducted, emphasizing the importance of risk management strategies to mitigate potential threats. The report outlines the strategy planning process, operational priorities, and factors needed for business expansion. It also addresses the objectives of the organization, roles and responsibilities of employees, and the significance of work allocation. The analysis concludes with an assessment of the expected outcomes, including improved market position, revenue generation, and increased employee interest. The report references Boutique Build's online presence and includes key components of the provided assessment brief such as the code of ethics, fatigue management, and professional development plans. The report is designed to provide a comprehensive understanding of the strategic plan and its implications for the company's success.

Purpose of the strategic plan
•The purpose of the strategic plan is make the company more organized.
•The company has to provide more effective strategies that will help the company to
increase its productivity and satisfy the customers on the markets of Sunshine Coast
and Brisbane.
•This will also the company to retain a good number of customers and also increase
the customer base in Sunshine Coast and Brisbane.
• The strategic plan will help the company to deal with the current market situation.
•The strategic plan helps the company to be a threat for the other competitors in the
same industry and being a new entrant as well as having effecting impact on the
markets of Sunshine Coast and Brisbane will be beneficial for the commonly..
•The strategic plan is formulated in order to make the employees achieve the goals of
the company more easily and initiate good promotional events in the new markets.

Mission and Vision of the company
• The mission of the company is to achieve the maximum revenue generation
and customers in the new markets of Sunshine Coast and Brisbane.
• The company has to retain its customers as well as increase the customer base
in the new markets that they are targeting.
• The company aims at entering the new market of Sunshine Coast and Brisbane
so they can reach out to more customers and satisfy them with their services.
• The vision of the company is very vivid and organized about creating an
effective impact on the customers of Sunshine Coast and Brisbane
• They follow very stringent code of ethics that markets the employees feel
secured and motivated.
• The work allocation of the employees are done in an organized manner.

Market Characteristics and
Condition• The present market characteristics of Sunshine Coast and Brisbane are very competitive and all
the companies try to outshine from the other competitors.
• The companies are trying to implement the most advanced technologies in their process so
that they can provide the maximum services in the shortest span of time in the chosen market.
• This helps the companies to reach out to a large number of customers at the same time in the
same market.
• The companies are trying to reach to the customers and satisfy them and understand their
needs (Boutique Build 2019).
• The market has become very competitive and every company is trying to reach the top.
• The companies are aiming at catering the needs of the customers by lessening the production
time.

Company’s Strategic Objectives
•The strategies of the company are very organized and
•They aim in allocating the jobs roles to the experienced and expert
employees.
•The financial aspects are more organized.
•The main aim is to provide quality service to the client
•They implement the advance technologies in their services.
•The company is planning to capture the new market, which they are
entering so that the revenue generation can increase.
•The company wants to understand the needs and demands of the
customers of Sunshine Coast and Brisbane.

Risk Analysis
• Company should have an effective risk management strategy that will assist the company in the
time of recession.
• During any kind of accidental issues arise. The risk management strategy should involve assets
preservation, risk mitigation, transfer of risk, risk acceptance.
• Risk analysis is very important for the company to understand the forthcoming risk or threats.
• Risk or threats can occur to the company both internally or externally. The company must be
aware about the threats that can cause them loss both in revenue generation, employee loss
and customer loss.
• The loss of the company can bring a big threat its existence so, the company must have certain
strategies that can help tem overcome such risks.
• The Company must also have the capabilities to analyze the probability of risks, and take
precautions accordingly. The company must have the financial capability to overcome the risk
and threats.

Strategy planning
• The organization should build a strong strategy and a plan which can be implemented in the
time of the risk.
• There are several steps which may take into account while the risk management strategy is
making.
• The strategies of the company has to be very efficient for the company in order to make a
strong position in the market, which cannot be shaken by any other competitors.
• The strategy planning helps the company to perform in a very organized way. The employee
also get a wide idea about the aims of the company.
• The employees also get an overview about their roles and responsibilities towards the
company and the effort they require to accomplish them.
• The strategy planning helps the company in demarcating the various job roles that has to be
performed by the various department of the company. This helps in less confusion and the
aims are accomplished in a shorter period of time.

Process of risk management
• At first the identification of the risk is the necessary task that should be exercised
by the expert.
• Then analyze the risk is also a task that will help to evaluate the risk and its
features.
• Then the risk has to place as per the result of the evaluation done upon the risk.
• Then comes the proper planning, which will reduce or diminish the risk and its
threats.
• At last the implemented plan should be observed properly by the managers to
monitor and review the risk.
• Risk management helps the company to ensure its existence in the market that
will help them gain the customer loyalty and more investors.

Operational
Priorities• The task of operation should give to the right person and in a right time.
• The person should place in the right position and must have sufficient knowledge
about the task.
• The employees who are going to join or who have joined the organization should
be placed according to their efficiency and experience.
• The employee selection also have to be done very wisely. The candidate fulfilling
the criteria of the company must only be hired.
• Experience employees or capable employees will help the company to achieve its
goals efficiently.
• The company must allocate the work according to the efficiency of the employees
and not impose them with difficult work forcedly. This can lead to the arise of bad

Factors needed to expand
• The most important factors required to expand the business are mainly
the capital, land and human resources.
• After that the other necessary things are important that are proper
capital structure planning, assets and liability management.
• HR planning and place management are also one of the factors.
• The recruitment of the suitable candidates in the company is also a
factor, else the employee can be a liability to the organization.
• The proper work allocation is also an essential factor.
• The proper arrangement of the capital and utilization of the resources
is also a big factor.

Objectives of the organization
• The objectives of the organization should set after understanding several aspects of
the business.
• The revenue, assets, liabilities, working capital, capital structure, equity share value.
• Debenture value, investments on human resources and the value of land as well the
depreciation value of the machines.
• After accounting these factors then the objectives and the goals of the company can
be planned.
• The company must be capable of accepting and enduring risk and challenges else
the existence of the company can be at stake.
• The company must have sufficient capital to implement the advanced technologies
in their processes. This will help them the to work more efficiently.