Operation, Technology and Management plan of Enervirt Water (Research Paper Sample)
Note: Remember to assign a dollar amount to each operational cost you find, as you will need these figures for your income statement and cash flow in Week 8.
1.Create an operations plan for your NAB company using the template in the text as a guide (p. 214 | Operations Plan Preparation Form - Click here for help accessing a specific page number in your eBook). Extract appropriate information from the NAB Company portfolio, where applicable. Other required items in the template should be filled in using your personal preferences.
2.Provide a rationale for the competitive advantages section using appropriate functional-level and business-level strategies to explain the competitive advantages. ◦Note: Much of the research pertaining to the hints provided here can be found in the NAB company portfolio.
◦Hints: Consider whether you will rent or buy your facilities or outsource production to an existing company.
◦Hints: One of your biggest expenses as a startup non-alcoholic beverage company will be transitioning from a small batch prototype of your beverage to production on a large scale. Research the equipment you will need (vats, refrigerators, burners, ovens, bottling equipment, and so on), whether you will rent or buy, how you will maintain and clean it, and so forth. Consider how you will ensure quality control. What capacity do you intend to reach?
◦Hints: Deliberate your inventory control. Where do your supplies come from and what is your turnaround time to produce your beverage once you have received an order?
◦Hints: Consider your distribution method. Refer back to your notes for the SWOT analysis assignment in Week 2 of class.
◦Hints: How will you stay abreast of new developments in your industry? What new products do you have in development now, in addition to your flagship product?
3.Describe your research and development activities and explain how they will contribute to the company.
Technology Plan (1 – 2 pages)
4.Create a technology plan for your NAB company using the template in the text as a guide (p. 227 | Technology Plan Preparation Form ). Extract appropriate information from the NAB Company portfolio, where applicable. Other required items in the template should be filled in using your personal preferences.
5.Provide a rationale for the personnel needs section by incorporating appropriate functional-level strategies. ◦Hints: Consider the type of technology your company will use to conduct the following activities: manage personnel; take, fulfill, and track orders; manage inventory; communicate with customers and provide customer service; and produce your beverage.
Management & Organization (1 – 2 pages)
6.Create a management plan for your NAB company using the template in the text as a guide (p. 248 | Management Plan Preparation Form ). Extract appropriate information from the NAB Company portfolio, where applicable. Other required items in the template should be filled in using your personal preferences.
7.Using the flow charts on p. 242 as a guide, outline your company’s management hierarchy. Note: Charts or diagrams must be imported / included in the MS Word document.
8.Provide a rationale for the management structure and style section by incorporating appropriate functional-level strategies.
9.Format your assignment according to these formatting requirements:a.Cite the resources you have used to complete this exercise. Note: There is no minimum requirement for the number of resources used in the exercise.
b.Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; references must follow APA or school-specific format. Check with your professor for any additional instructions.
c.Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required page length.
The specific course learning outcomes associated with this assignment are:
• Create a plan to implement a firm’s strategy and manage the change from current operations.
• Describe strategic planning techniques used to formulate alternative strategies designed to achieve stated business goals.
• Use technology and information resources to research issues in strategic management.
• Write clearly and concisely about strategic management using proper writing mechanics.
Operation, Technology and Management plan of Enervirt Water.
An operation plan for your NAB Company
A company's operational plan is short but detailed documents that contain plans that will help the company achieve its set objectives and goals. This plan ensures that the organizations are attained; this impacts on the revenue and profits of the company hence attracting more investors. For Enevirt Water to compete favorably with other firms, it has to have a good operation plan. This will necessitate an increase of the Company's accessibility worldwide. The company will have to match its competitors in producing similar but better and improve products.
The company needs to advise producers to take the necessary actions to increase productions. Market research should be conducted to ascertain demand in the identified areas. After which the company needs to create a competitive advantage to ensure good customer relation and loyalty from consumers (Malakooti, 2013). The rationale for the competitive advantages section using appropriate functional-level and business-level strategies to explain the competitive advantages.
For the company to come up with a successful strategic plan, the management will have to go deep into the SWOT analysis. This will enable the company to understand the external market and compete favorably. Using PESTEL analysis: There are several competitive advantages that the company has. In the beginning, the utilization of the Just-in-time inventory will enable the company to create a competitive edge and supply fresh products to consumers. The company is small and is able to easily adapt to changing market trends.
The size is also an advantage as the chemistry between the small team is enhanced hence encouraging innovation, productivity is boosted and the level of efficiency is high. In addition, the bureaucracy of the company is minimized hence, speed and efficiency in decision making. Another advantage that comes with the size of the Company is a small operating cost; the company is able to offer products at very competitive prices.
Research and development activities and how they will contribute to the company
In strategic management, successful implementation rotates around how the company responds to changes. In my research four issues are experienced during operation planning. There is an issue with configuring business units in instances where business unite to enable it to have an external market for the finished products. Thus the management can plan and execute a strategy without depending on the parts of the company, hence fragmentation of the company's culture.
Another issue is traditional management reports which are not keen on monitoring implementation strategies. This results in operational managers being clueless on what is going on and these results in poor performance. The shipping cost for finished goods will be taken care of by distributor and outward supplier. Customers who buy in bulk will only be charged 30% of the shipping fee. The company will also procure the services of highly qualified personnel at the cost of $14 per hour.
As much as it is costly, they will help increase the quantity to be produced and limit waste (Wood, 2014). The processed drinks that are ready to be supplied will be put in the store whose capacity is 150,000 units. The rent to be paid is $7000. Enervit will facilitate market research twice annually; this will help in appraising market trends and identify products that are in high in demand by consumers (Peng, & Juwen, 2015).
Create a technology plan for your NAB Company using the template in the text as a business use technology to enhance its operations and service provision to its consu...
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