Describe about the Business Project Management for SWOT Direction.
Business Management Plan (BMP)
The major perspective of the company is mainly related to the completion of the customer’s expectation and to establish trust among the common people. The business management plan is mainly specified to achieve the most remarkable success in the possible way. To achieve the target, a specific strategy is also adopted in the proper direction. The business management plan will also help in framing suitable assistance in the proper direction. The short and long term corporate strategies are also planned simultaneously that will be assist in developing the most specific aspects (Entrepreneur Media, 2015).
In short, it can be identified that the business management plan will be helpful in defining the sequential blueprint for the project and try to generate suitable output as well. The business management plan shown below mainly covers various sections related to the human resource, administration related to the pop up electronics, suitable role of management and the specific SWOT analysis in a correct direction (LTD, 2016).
The human resource is the most coordinated and required section identified for any organization. As this industry is an electronics industry, so a suitable processing of the human resources section needs to be identified on a wide level. The company is a pioneer in selling the electronic products in a broad manner, so it is essential to create strong hold on the HR section of the company with the help of which, generation of the suitable results can be identified. The human resource is considered as the wide area specifically for the organization. There are various tasks that are handled by the human resource department of the pop up electronics. The phase from a selection and recruitment of candidates to decide their maximum and minimum salary is decided by the human resource department of the pop up electronics. Some of the major tasks performed by the human resource department are defined below with their specific explanation: -
The human resource department of pop up electronics is well organized and highly equipped with suitable team members. But, as the organization is trying to expand their outlets in the major cities of Australia, so it is essential that the most remarkable policies should be defined for the process of expansion.
The recruitment is also identified as the major responsibility of the human resource department. The selection of the right candidates and recruiting them to the possible places is considered as the most important aspect.
The safety at the work place and securing the rights of employees are also considered as the aspect to be considered. Different policies and agendas are identified by the HR team to fulfill the basic amenities of the employees.
The relations with the employees’ and planning of the suitable processing on the behalf of the employee is considered as the most important aspect of the management. To maintain the relations, coordinated approach is required for them (Mayhew, 2016).
The rewards and performance appreciation are also provided to the employees. This will be helpful in generating the suitable motivation of employee in the correct direction.
The training and development are the aspects in which most suitable services are provided to the employees. The different types of training programs are defined for the employees of pop up electronics. The induction program is also defined for the employees too.
By the help of this, management can able to play the specific role in the growth and improvement of the country.
Role of Management
To achieve the suitable vision and target of the company (i.e. Pop up electronics), the management will be help in providing suitable output. The management not only supports to provide the suitable results, but by this, some of the innovative techniques may also get introduced. The diagrammatic approach for the different domains of the management are defined below. With the help of these domains, the management can able to perform in right way.
The interactive approaches and coordinated expansion are identified as the most promising approach of the management. For this, the management holds the collaborative approaches also.
The above defined six aspects of the management will be helpful in highlighting the flow of work in different directions and also helps in fulfilling the basic requirements of the organization on priority..
Apart from this, the effective and efficient planning is also done by the management, which is helpful in further promoting the different areas related to the human resources in all respects.
The management also tries to provide the suitable organization structure which is helpful in defining the suitable opportunities, trends, technological advancements and competitive criteria in the broad manner.
The management also tries to fulfill the aspects related to the organizational growth and loss too. By the help of this, the suitable planning for the future perspectives can be done.
The sequential steps and the allotment of the different departments can be initialized by the management only. The management is responsible for coordinating equal opportunities for the employees too.
Other than this, there are various decisions and organizational supports provided by the management
The administration is considered as the supportive element for the Human resource aspects of an organization. The pop up electronics are observed in the developing phase, so it is essential that the administrative policies are expanded in a proper manner. The administration section is identified in the five basic forms which are defined with the help of suitable digram defined below: -
By considering the diagram shown above, it is clearly assumed that the major sections of the organization (i.e. Pop up electronics) are handled by the administration. Other than this, the administration department can also able to achieve the target in a progressive manner. They provide the promotion offers and suitable deals to the clients. The preparation of the suitable marketing scenario for the launch of new products related to the pop up electronics are also prepared with the help of appropriate administration. There is a requirement of an improved and well-focused administrative system which can able to generate growth aspects of the present scenario and also defines the strategy for the future development (Mishra, 2014). The administrative department of the Pop electronics is also well equipped with the resources, but there is a requirement of smooth coordination. This can only be achieved by the proper and approachable strategy.
The good qualities and equilibrium aspects of the managers are also considered vital. The managers also possess their unique approach in defining different perspectives of organization too. This will be helpful in supporting the process administration thoroughly and deeply.
The SWOT analysis is considered as the most advanced and approachable method to manage the different perspectives of the company. With the help of the SWOT analysis, the basic strength, weakness, opportunities and threats are being found out on an initial level.
· The location of the organization and the strong share value is considered as the most precise strength.
· Due to the individual liabilities, the marketing image of the country will become stronger and strengthened.
· The employees working dedication are identified as the most stable aspect for the growth of the organization (Team, 2012).
· The initial perspectives of the investment are not well defined. The investment is about 8% of the investors and 60% of the debtors bank.
· The financial aspects of the company are not well focused. The monitoring and controlling is essential for the management.
· The Pop up electronics seems weaker in establishing their social identity and communications.
· As the company is dealing with the electronics part, so it could become possible to perform maximum expansion in different domains.
· The manufacturing and production units are increasing with a fast speed which are helpful in providing the suitable support to the market image of the organization.
· The innovative marketing techniques adopted by the Organization will be helpful in defining the trade policies on an international level.
· Apart from this, various changes are also observed, which are related to the contract manufacturing.
· The most common threat is due to the competitors in the market. The major competitors are the Horvay Norman, Dick Smith and may others.
· The other threat is related to the formation of similar products in the market. Various organizations are trying to make the same products with less price (Mahasagar Publications, 2013).
· The other small threats are also observed, which are responsible for various issues in the organization.
By observing the report above, it is clear that the Human resource department holds stronger and manageable identity to maintain the business while performing suitable expansion.
Entrepreneur Media, I., 2015. First Steps: Writing the Management Section of Your Business Plan, Available at: https://www.entrepreneur.com/article/241072
LTD, M. P. S. P., 2016. V3M: Automatic Pop Up Power Outlet. [Online]
Available at: https://modernpowersolutions.com.au/online-store/popup-powerpoint-australia-electrical-outlet-v3-motorised/
Mahasagar Publications, 2013. SWOT Analysis of Consumer Electronics Market, Available at: https://mbaprojectreportindia.blogspot.in/2013/05/swot-analysis-of-consumer-electronics.html
Mayhew, R., 2016. Six Main Functions of a Human Resource Department, Available at: https://smallbusiness.chron.com/six-main-functions-human-resource-department-60693.html
Mishra, P., 2014. Effective Role Of Administration In An Organization, Available at: https://www.linkedin.com/pulse/20140714095925-34031211-effective-role-of-administration-in-an-organization
Team, P. E., 2012. SWOT analysis of Indian electronics industry, Available at: https://policy.electronicsb2b.com/industry/swot-analysis-of-indian-electronics-industry/