Business Model Canvas of Escavox

SCHOOL OF Business ASSIGNMENT COVER SHEET STUDENT DETAILS Student name: Avinash Venkat A Student ID number: 19175270 UNIT AND TUTORIAL DETAILS Unit name: Understanding Contemporary Organisations Unit number: 200825 Tutorial group: Tutorial day and time: Lecturer or Tutor name: Rajul Joshi ASSIGNMENT DETAILS Title: Assignment 2 Length: 2000 Due date: 23/08/2021 Date submitted: Home campus (where you are enrolled): Parramatta City Campus DECLARATION Ihold acopy of this assignment ifthe original is lost or damaged. Ihereby certify that no part of this assignment or product has been copied from any other student ’s work or from any other source except where due acknowledgement is made in the assignment. Ihereby certify that no part of this assignment or product has been submitted by me in another (previous or current) assessment, except where appropriately referenced, and with prior permission from the Lecturer /Tutor /Unit Coordinator for this unit. No part of the assignment/product has been written/produced for me by any other person except where collaboration has been authorised by the Lecturer /Tutor /Unit Coordinator concerned. Iam aware that this work will be reproduced and submitted to plagiarism detection software programs for the purpose of detecting possible plagiarism (which may retain a copy on its database for future plagiarism checking). Student ’s signature: Avinash Venkat Note: An examiner or lecturer /tutor has the right to not mark this assignment ifthe above declaration has not been signed. Difference between Norco Co-operative Limited and Escavox Table of Contents Introduction ................................................................................................................................ 4 Business Model Canvas of Norco Co-operative Limited .......................................................... 4 Key partners: ............................................................................................................................. 4 Key Activities: ............................................................................................................................ 4 Value propositions: .................................................................................................................... 4 Customer relationship: ............................................................................................................... 5 Customer segments: ................................................................................................................. 5 Key resources :.......................................................................................................................... 5 Channels: ................................................................................................................................... 5 Cost Struc ture: ........................................................................................................................... 5 Revenue streams: ..................................................................................................................... 6 Business Model Canvas of Escavox ......................................................................................... 6 Key partners: ............................................................................................................................. 6 Key Activities: ............................................................................................................................ 6 Value propositions: .................................................................................................................... 6 Customer relationship: ............................................................................................................... 7 Customer segments: ................................................................................................................. 7 Key resources: ........................................................................................................................... 7 Cha nnels: ................................................................................................................................... 7 Cost Structure: ........................................................................................................................... 7 Revenue streams: ..................................................................................................................... 7 Analysis of Norco Co-operative Limited and Escavox .............................................................. 7 Conclusion ................................................................................................................................. 9 References .............................................................................................................................. 10 Introduction The study discusses the Norco Co-operative Limited and Escavox Company ’s key aspects and how these aspects work in the markets through various strategies. The key aspects of both organizations are perceived as the organization's entire structure in which every detail and information is provided clearly and understandably. Norco Co-operative Limited is a cooperative company of Australia which distributes and produces stock as well as dairy products and manages anetwork of retail businesses in rural areas. The organization engages almost 750 employees full-time and is regulated by the New South Wales head office which is in South Lismore. This company was inaugurated in New South Wales's Byron Bay, and this is adairy co-operative of Australia, and they also have 326 active employees on almost 203 farms in "Southeast Queensland ”and “Northern New South Wales ”.While on the other hand, Escavox give individualistic and objective information on the supply chain performance of new food, from the main farm to self of the retail, so better notified decisions could be made mostly about the investment and product management in the distribution chain. This company, which was established in Australia, is leading amajor plan and strategy with Woolworths about new inventiveness to trace down food from the manufacturing farm to aserving plate. Moreover, wastage of food is amajor problem in the marketplace of Australia and an essential amount of food is misplayed between the grocery store and farm door. The two organization's structures will be presented in abusiness model canvas form where key aspects are precisely discussed and highlighted by some important points. Business Model Canvas of Norco Co-operative Limited Key partners:  Stakeholders  Milk distributors of Norco  Agribusiness organizations  Government  Service suppliers Key Activities:  The key activities of Norco Co-operative Limited are supplying milk.  They develop many rural networks for milk supply.  Manages the regular interaction among the Co-operatives of Norco and its shareholders to assure the dairy farms' sustainability. Value propositions:  A value proposition is basically a statement which response to why individuals should run a business with other companies or collaborators. The board of this company constantly operates with the team of management on raising their geographic footsteps beyond their conventional portions in the food business of Norco.  The advantages of this certain strategy are wide-ranging remarkably the efficiencies that are generated in the producing facilities and opportunities for their employees to increase the supply of milk under ample milk costs that in turn generates a sustainable member and also Co-operative base (Hough 2020 ).  Norco Co-operative specific proposition mainly in the business marketplace is perceived as an actual co-operative possessed by the farmers of Australia continuing to reverberate with an increasing consumer base. Customer relationship:  The rural team constantly concentrates on operational productivity, improved purchasing, consumer services and gross margins, and continuing planning mainly of the development of rural channels over further years.  Improve communication process and support system  Develop customer service of milk suppliers. Customer segments:  Interested in milk brands such as “Tornado shake ”,“Norco ”,FM and “Real Iced Coffee ”.  Produces Ice cream and “home brand ”products of milk. Key resources:  Norco Co-operative Limited's main resource is milk. Combating climatic conditions in 2018 that have constantly to in the year 2019 resulted in a reduction in whole milk provisions from partners and deliberated that Norco needs to upraise its external milk accession to protect that organization can support to encounter customer's necessities (Gibson et al.2019 ).  The processes team and Milk supply could manage this stimulating ambiance immensely fine to decrease any financial effects towards the corporate. To protect the encounter customers of Norco demand going in the front side and to manage the influence that the insufficiency is taken part mainly on areas of supply province, yet their supply team of milk can perform productively safeguarding new suppliers of milk in the forthcoming period by perpetuating ahealthy relation and communication with the milk suppliers. Channels:  The channels of Norco Co-operatives Limited are websites and email.  The channels used to collect information by their staff through the contracted agents and also service providers which support Norco company in satisfying the responsibility.  Telephone Cost Struc ture:  Cost of manufacturing milk products  Logistics maintenance cost  Stock costs Revenue streams:  Payroll systems  Brokerage fees  Usage fees Business Model Canvas of Escavox Key partners:  Woolworths teams  Supermarket suppliers  Management team  Stakeholder of supply chain  Work with Tech and ops team Key Activities:  Supports the supply chains of foods  Especially supports fresh foods supply chain, internationally and domestically  Hire the suitable employees  Provide insightful data to atechnology company Value propositions:  Escavox mainly values various employees in an encouraging group culture of energetic issue- solvers and thinkers.  They offer avast and employing work ambiance related to food supply solutions and challenges in the 21st century.  Itis very cheap, not difficult to use, and has machine-driven tracking.  A simple dashboard of the company authorizes visibility mainly of the circumstances to which manufacturer has been revealed, at various points in the products supply chain.  Escavox provides fresh products with atracker.  They reduced food waste with the use of technology.  Data which are recorded can be simply aggregated to support determining systematic problems. Customer relationship:  Social media  Provide appropriate service solution  The platform of online data where consumers can simply access the data Customer segments:  Always interested to purchase fresh products  Interested to buy new produce food  Interested in purchasing at areasonable and cheap rate.  This is determined as CCTV or tracker for food Key resources:  Fresh food products  Blue box tracker which is determined as CCTV for nutriments  Technology to reduce waste products or foods.  Internet of things Cha nnels:  Social media marketing  Paid promotion  Short videos Cost Structure:  Cost of making short videos  Cost for paid promotion of the services and products  Maintenance cost of the foods Revenue streams:  Revenues will be obtained from target customers  Revenues from the social media business or marketing  Revenue from international business and domestic trade Analysis of Norco Co-operative Limited and Escavox The analysis of both the organizations presents a comprehension of the business structure and how they operate their business in different fields with the support of collaborators. The main purpose of Norco's is to construct security, sustainability, and wealth for its business collaborators, workers, and shareholders. This is obtained by generating unified solutions mainly for its collaborators, being a combative distributor of milk and regional buyer, and maintaining astrong and diverse scope of businesses (Malherbe 2020 ). On the other hand, Escavox was started in the year 2018, they begin with the aim of transferring the finest response for managing and recognizing matters which inherently hinder the value of the new food and products supply chain. Moreover, Escavox is very cheap, has automated tracking, and is uncomplicated to use. It tracks new foods to give perceptibility of the products ’cold chain, creating it simple to observe the temperature and also dwell time problems and permitting corrective measures to be initiated. This directs to decreased loss as well as rejections that in turn minimize the necessity to keep safety stock; chiefly the results are progressive quality and alleviate waste (Wang et al.2021 ). The company service authorizes data over the platform that to be accumulated, to give unique perceptions into their product journey. For retailers and producers, it offers the opportunity mainly to upgrade the brand performance and the fulfillment of consumers. Their solution to the business is a simple to use, cheap, and machine-driven supply chain tracing service to exhibit the cool supply chain integrity of goods as it shifts by the distribution chain. Norco Co-operative Limited is mainly a “stock-based co-operative ” organization which was formed in Australia. Norco's organization follows the Functional Structures. Under this structure, the workers of business groups as of a similar set of errands (Dutton-Regester 2018 ). The work of functional structure is good in asteady atmosphere where corporate propositions are hardly persuaded to differences, the scope of government creates itdifficult for companies to respond to discrepancies in the business marketplace quickly (Gibson-Graham et al. 2019 ). Norco utilizing these propositions can partake committed units which report towards the single expert, generally named as higher management. Represented as useful zones or components, these attentive units encompass employees with many but related skills team through resemblances. While the formation of the functional structure of the organization, allows employees to concentrate on their support team, inspire specializations, characters and sections feel self-determined as well as simply expandable in this business size. While on the opposite hand, Escavox has selected a flat or horizontal structure of the organization. A horizontal structure of Escavox is suitable for businesses which have several phases among top management and staff-level employees. Many start-up companies used a flat structure of organizations; previously they increased enormously to build out various subdivisions, yet few companies uphold this type of formation since it stimulates some directions and subsidiary participation from every employee (Saxena et al. 2018 ). The leader of Escavox while using flat organization formation gives workforces subsidiary responsibility, also promotes additional open communication as well as also increases coordination and the quickness of new concepts and ideas. Escavox supports the supply chain of food and especially the supply chain of fresh produce, both domestic and international to transfer fresher and better products to customers. Moreover, an advanced technology organization, Escavox gives insightful and timely information to retailers and growers by consolidating the software, analytics, and hardware in a single obtainable, user-amiable service (Sikes, McDonnell, and Beckett 2020 ). The tracker records all the relevant information at every single hour intervals as well as journey undamaged the produce or foods through the distribution chain until it's mainly owed on the shelf of the retail. The business retailers gather the product blue box as well as back itto the company. They have great collaborations with the partners of the supply chain. Consumers of Escavox can select and share details with other partners of the supply chain, within the protected atmosphere, if they want. The tracker has become an important part of the Escavox supply chain. The solution proposed involves machine usage, predictive maintenance, and monitoring of performance. Businesses such as Escavox and Norco Co-operative could not be methodically disadvantaged of expert members. Subsequently, they need to select staff and members with the appropriate knowledge to execute multiple functions. Escavox and Norco Co-operative organizations must be transparent in their work description mainly about the needs of experience, degree and must also explain the work and position and their staff must complete and perform tasks. Conclusion The study examined the Escavox, and Norco co-operative limited key aspects like value propositions, revenue streams, important activities, main business partners or collaborators, customers relationship system, cost structure about the organization's expenditure, channels, essential resources which are provided by company and customer segment. These aspects are designed in the Business model canvas and help to understand the variations among the two organizations. Norco and Escavox both organizations are both situated in Australia. Norco is an organization that works with many stakeholders of the market while Escavox works with Woolworths as partners to attain their same goals and provide the same products but different services. Technology is an important part of organizational development as well as ithelps to develop the business with so many automated processes and make iteasy to deal with the issues. While Norco focuses on producing quality products from dairy both internally and domestically. They maintained afarm gate return, rewarding Norco members or staff for their expenditure, retention of benefits for capital investments, and loyalty mainly in the Norco C-operative. This company comprises four different business units which work combined to operate and the eye of market manufacture and give competitively priced stock feed and rural supplies. This integrated model of business permits members of Norco to manage directly and indirectly avast area of their business supply chain. The organizations have a different organizational structure, Norco has a functional structure and Escavox have a flat structure. Escavox provides a tracking service which is “internet of things ”based. This offers transparency as well as traceability all over the supply chain. This is basically proposed by the organizations scanning the activities of the cold chain movements to keep monitoring the time-related problems and temperature. References Gibson, K., Cameron, J., Healy, S. and McNeill, J., 2019. Beyond Business as Usual: A 21st Century Culture of Manufacturing in Australia. Gibson-Graham, J.K., Cameron, J., Healy, S. and McNeill, J., 2019. Roepke lecture in economic geography — economic geography, manufacturing, and ethical action in the anthropocene. Economic Geography ,95 (1), pp.1-21. Hough, C., 2020. 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