Project Management: Commonwealth Games Opening Ceremony

Project Management: Commonwealth Games Opening Ceremony 1. Executive Summary The project plan is for the the forth coming Common wealth games scheduled to be held during the months of July August in 2014, in Glasgow. The official handing over will take place on the 14th of October 2010,when Delhi in India will handover officially to the city of Glasgow in Scotland, thus appointing Scotland as the Host country for the 2014 Common Wealth Games. It is to be noted that this event will be the largest multisport event ever to be held in Scotland Thus this report includes only of the opening ceremonys Schedule plan, resource allocation and the cost to be effect. 2. Project Introduction scope The recent growth of multi sports as an industry around the world means that the management can no longer be commercials. Events such as the commonwealth games, have a large impact on their communities and, in some cases, the whole country. Thus it is a must to keep in mind throughout the planning process that this is the first time the country is hosting such and event and it shall have an impact to the country. This is a service based scheduling project according to that the initial concern which I will propose will have the following scope which is needed to be completed to be successful in this events opening ceremony. Events Prepare the Events list Find the Human resource by events Find the Items the need in each resource (Dress, Transport and etc..) Analyze the risk and exciting of event with professionals Find the time of event execution Check the events identification (Traditional,etc) Security Check the security availability in the location need to be allocate Prepare high security zone in VIP guest Facilitate the vehicle parking Opening ceremony All task Analyzing Location Guest Prepare the chairs and audience resource Entrance and Exit point Guest area allocation Food and beverage invitation Schedule Time table Event list preparation Allocate Resource to events Allocate time to each and Every time /prepare schedule Media Invite an media Provide a food and beverage Supply the technical need (internet, power) Facilitate an location in ground area Physical resource Electricity Event Items Professional support 3. Objective To find all resource on time: Accurate time estimation is vital in project management. The two main reasons for estimating time is vital as: Time estimates drive the setting of dead lines for delivery of project and also the determination of pricing of projects and its profitability can be estimated. Thus finding all resources on time is very essential to carry on the project without delay as timing is important in an event like this as it has international criticism later on. To allocate funds according to budget Allocation of funds according to budget is a vital aspect, as it is an important tool needed in running a business in a proper manner. The allocation of funds should be done in such away that each responsible person can run the area smoothly without any interruption. To schedule all ceremony event on time without any delay Scheduling all events without a delay is very important as any delay occurring can cause disruption and run to high criticism. Prior to the main event rehersaling of the event should be done. When the rehersaling is done each aspect should be rehearsed without leaving out any event. Thus the above could be avoided. Reduce events errors Facilitate all participant to good service A specialized committee should be allocated the above task, of looking into the needs of the participants and giving them the best service. It is a must to keep in mind this is the event of the participants rather than the spectators. Allocation of physical force is a must to keep the reduction of the above. 4. Measure of Successful level and Recommendation for Each task /Plan and out comes Design/plan Execution Initiation Testing 1. Event activity design 2. Design Dress 3. Allocate the physical resource (music, Dress, Light) 4. Train the persons 5. Task allocate (Sub con) 1 proposal submission 2. Get quotation form 3rd party 3. Prepare the schedule 4. Find the resource 5. Evaluation and selection 1 .Events Activity test with time 2. Physical resource test 3. Schedule test with time 4Recovery test (Disaster) 1 Fixed the date time for each activity events 2. Fix all resource on time (physical human) 3. Execute according to tested schedule Opening Ceremony 1. Schedule monitoring and evaluating report 1 .Events Activity test Report with Reasal 2. Physical resource test Report 3. Schedule test with time test report 4. Recovery test plan (Disaster) 1 proposal Acceptance 2. Budget Approval 3. Schedule and Activity and Event Report 4. Resource Supplier report 1. Design Aspect of event and activity (Document and Demos) 2. Design Dress (Dummy) 3. Allocate the physical resource (music, Dress, Light) Demonstration 4. Train the persons plan and schedule 5. Resource plan and resource requirement 5.1 financial requirement analyses 5.1.1 Budget for the opening ceremony Overall opening ceremony should be allocated in 800 million. In Glasgow 2014 Common wealth Games committee, (Reference in: organization committee Budget allocation document) According to allocated overall budget allocation in 800 Million we will propose our proposal profitability of our plan would be quite satisfactory. 5.2.1 Variable cost breakdown and overall total This allocated budget should be dividing via the major Task event wise. This variable cost breakdown is based on the already allocated budget. Here is the variable cost breakdown: (All the values based on Millions) ÂÂ   Variable cost breakdown ÂÂ   Task/Event Actual cost Allocated cost Staff cost 100 100 Events cost 200 250 Media cost Entertainment 25 25 Security 50 55 Location Guest 10 15 Food Beverage 100 120 Transport 150 160 Total 635 755 Analyzing of the cost estimation: Here graph is explained all the variance in allocated cost and actual cost variance. 1 .Staff cost is fixed as I will explain it further in the organizational chart how the staff should be allocated in the project. After analyze I will fix the cost. 2. Event cost is variance because some creative events, equipments and rehearsal cost should vary, that the main reason to increase an additional 50 for it. 3 Media cost should be fixed. There should not be any risk for it 4. Security, food and transport cost should add some additions .because these are depended on the guest and humans to be involved their activities. Finally analyse all the expenditure additionally allocate a 120 Million for the risk factor wise. This should be variance cost for this. 5.1.3 Revenue breakdown and overall total Since the ceremony revenue is coming in as fallowing category based. Ticketing Suwannees and Advertisement Ground banners and Advertisement Sponsors Additionally in country has non profitable benefits on tourism. Total estimation is all the earnings should be 130 Million. Finally revenue should be in 175 Million. 5.2 physical requirement analyses Physical resources Allocation: Location its resource Allocation of resources will be predicted according to the requirements. Initially we analyze the location and its requirement. Location already decides and its resource should be available. Only need to identify repair and reconstruction points of it. After initial assessment all the reconstruct part and modification done by government .that mean I am not going to put its cost and allocation, Because its up to commonwealth standard achieving through the under supervisor on government and Olympic committee. Ceremony Entertainment and Events Other Ceremony entertainment and cultural and traditional events some expectation in physical equipment items, this is contributing with the one of sub contractor and service provider. Already that ceremony entertainment and event design committee proposal send to sub contractors to get quotation from them. Its basically going under the allocated budget. Because initial easements already done by entertainment and event committee. Services and Supply All other services should be contracted out to sub party. All sub contactors and their services should be evolved by physical resource evaluation committee. Food, transport, security, Entertainment an equipment supliers, electricityetc All these suppliers have to submit their proposal under evaluation committee satisfactory. Standards and Quality of services: This part should be maintained by the commonwealth country sports comate members. Their already provide the standards which have to be maintain for us. Evaluation committee evaluate all these under maintain of these standards. 5.3 Human resource requirement analysis We get divide in major in all HR resource in two categories. One is Project staff and organizing committee other one is out sauce persons who are the consult of the Events and activities. All the outsource consultants are working with us a part time. 5.3.1 Work break down structure Opening ceremony Food and Beverage Resource Events Activity Location and Ground Requirement Decoration Physical resource Furniture Traditional Dance Human resource Event items Events Actors Creative Dance Power Music items Music Dancers Water Lightning relevant Event Area special feature Ground Decorate Singers Musicians Power supplier Security Ground suppliers Designers This work break down structure should be view ad all Major activity tasks have to do in this ceremony process. This may provide a series of work brak downstrcture for planning and all implementation Events in ceremony. Each and every circumstance of the ceremony project and objectives this should be evaluated. This is providing a benchmark by which quality for the project process can be assessed and level can be successful. 6. Scheduling and Time plan 6.1 Recommended timings from October 2014 to the opening ceremony We are plan out to start as 15th of Arial 2014 in the project. We can finalize it 20 the July2014. If it can be execute 23 July 2014 to on word. Execution plan is 2 days final set up preparation .and Ready for final execution on opening ceremony on 23rd July 2014 6.1.1 Gantt chart and Key Milestone 6.1.2 Risk Analysis in Time Frame We decide to finish all the work and ready for ceremony in 1st 20 the July2014. That mean we handle finally 3days risk mitigation on the final execution. And other thing is most of the activity task going on par rally. Not depend on other task .that plan should be mitigate the time risk of the project. And other thing in Resource evaluation and physical resource allocation we get finish mid of September. Lighting, music, ground setup, activity basic set up. That is very impotent to reduce the Technical risk and the man power risk and also can mitigate the Disaster recovery in the ceremony time. 7. Task and Person allocation 7.1 Task and allocated Team Structure 7.2 Organizational Breakdown structure Project manager Supply manager Program manager HR manager Coordination manager Admin coordinator HR supply assistant Event and Activity Designer Resource finder Evaluation Committee Coordinator Service supply assistant HR coordinators Media coordinator Security Coordinator Physical resource supply assistant Project manager Food Beverage coordinator Secluded and Time maker Physical resource coordinator Additionally have a consultant on the ceremony event and activities as fawning professionals Artifact and designs Lighting Sounds Dancing and songs 8. Work procedure 8.1 Procurement management approaches The Procurement management plan should be defined to clearly identify the all task and the responsibilities for Procurement from the beginning to the end of the project .The project manager will work with the project team, contractors, supply department, and other key players to manage the Procurement activities. In order to our team structure all the managers (program, HR, Coordination and supply) responsible for their department wise activities to beginning to end of this project. Every department should be submitting their request as fallowing format. Supply manager have to be responsible to check with purchasing for each and every Items and service. Item/Service justification needed by/ date ÂÂ   ÂÂ   ÂÂ   ÂÂ   ÂÂ   ÂÂ   ÂÂ   ÂÂ   ÂÂ   ÂÂ   ÂÂ   ÂÂ   Authorized to approve purchases for the project team: Project manager : warnapriya wijesundara Supply Manager : Lasantha balasuriya Purchasing officer : nalin weerasingha 8.2 Contractors and subcontractors managing Then first step in the contract approval process is to determine what items or services will require Procurement from outside. Then each and every department managers need to request what are they need service and items from project manager. Manager will evaluate it with an head of department managers and suplymanager the call to get quotation from out side vendors. And also need to finalize this with evaluation committee members with Olympic committee member in commonwealth. Vendors must have as fallows: Before start all the contractors should be need to register in the government ministry of import and export and construction in Scotland. Vendors have to submit their proposal include their service, cost and Items and their history of customers. All the Item and service need to up to evaluation committee standard. 8.3 Standard of maintain sub contractors Evaluation for Each project This section will explain the evaluation for the each and every service with vendors. Based on the following decision criteria Procurement manager, project manager, Purchasing manager and the international committee member evaluate all service and Items: Here is the area as we get evaluate: Ability of the vendor to provide all items by the required delivery date Quality Cost Expected delivery date Comparison of outsourced cost versus in-sourcing Past performance 9. Conclusion To conclude this proposal this project based on organizing the opening ceremony on Glasgow 2014 Commonwealth Games we will estimate all based on as initially 800 Million Dollars. After revenue analyzing we will think to take a 135 Million. As our suggestion is it can be done 755 Million. Our risk factor is 120 Million. The 120 Million is vary on the Glasgow 2014 Common wealth Games evaluation committee suggestion and request. This shows that the ratio of profitability of our plan would be quite satisfactory.

Taxation and Political Stability Essay -- Government, Politics, Tax Re

The proposed analysis: taxation and stability policy with a sample of 60 countries around the world during the period 2002 to 2008, helping to make distinctions between the political instability experienced but maintained high taxation, and those states with political stability but with a low taxation. The few variables that are used in the model, and its reduction to a two-way relationship is one of its merits, when compared with other models used in similar studies. The model also contains a simple explanation for a complex problem: measuring the taxing power and its relations with political stability, and vice versa, to measure political stability based on taxation. The model results are not linear, but rather its variables: (Tax, PS, GE, FC and GDP) are involved in the system with a relative weight. In any case shows that the bijective relationship between taxation and political stability depends on the institutional framework and the type of government. Political stability can b e a good predictor of tax stability, although not the only key factor. It is possible to suggest on the basis of these results that the political and institutional stability determines the conditions of economic risk and civil war, divisions between parties and violent conflict, so typical in countries with political instability. Literature rewiev Paul Collier and Anke Hoeffler (2009a, 2009b, 2004) have presented arguments to quantitatively assess the causes of political instability and civil wars. Its central hypothesis is that economic opportunities are the main causes of civil wars.Democracies established in dangerous conditions for the resumption of armed conflict, as stressed also James Fearon and David Laitin (2003), in some cases politic... ...me, the model also suggests that the tax reform process can often contain political instability. Previous research has shown that transitions to democracy often go through intermediate regimes (Collier, Pzevorski). This work has shown that can happen a variety of political instability, partial democracies with tax systems of low or high incomes. In a majority of the unstable political regimes of low tax risk is evident. Taxation, as noted, may have indirect relationships with political instability in complex regimens. In any case, when institutions are subordinated to radical struggles between factions or political parties, the tax is at risk of being godless by taxpayers or the sensors are installed in revenue, ready to devour the budget. Then, the corrections made to the fiscal policy effects are not always assertive on the general policies of public spending. Taxation and Political Stability Essay -- Government, Politics, Tax Re The proposed analysis: taxation and stability policy with a sample of 60 countries around the world during the period 2002 to 2008, helping to make distinctions between the political instability experienced but maintained high taxation, and those states with political stability but with a low taxation. The few variables that are used in the model, and its reduction to a two-way relationship is one of its merits, when compared with other models used in similar studies. The model also contains a simple explanation for a complex problem: measuring the taxing power and its relations with political stability, and vice versa, to measure political stability based on taxation. The model results are not linear, but rather its variables: (Tax, PS, GE, FC and GDP) are involved in the system with a relative weight. In any case shows that the bijective relationship between taxation and political stability depends on the institutional framework and the type of government. Political stability can b e a good predictor of tax stability, although not the only key factor. It is possible to suggest on the basis of these results that the political and institutional stability determines the conditions of economic risk and civil war, divisions between parties and violent conflict, so typical in countries with political instability. Literature rewiev Paul Collier and Anke Hoeffler (2009a, 2009b, 2004) have presented arguments to quantitatively assess the causes of political instability and civil wars. Its central hypothesis is that economic opportunities are the main causes of civil wars.Democracies established in dangerous conditions for the resumption of armed conflict, as stressed also James Fearon and David Laitin (2003), in some cases politic... ...me, the model also suggests that the tax reform process can often contain political instability. Previous research has shown that transitions to democracy often go through intermediate regimes (Collier, Pzevorski). This work has shown that can happen a variety of political instability, partial democracies with tax systems of low or high incomes. In a majority of the unstable political regimes of low tax risk is evident. Taxation, as noted, may have indirect relationships with political instability in complex regimens. In any case, when institutions are subordinated to radical struggles between factions or political parties, the tax is at risk of being godless by taxpayers or the sensors are installed in revenue, ready to devour the budget. Then, the corrections made to the fiscal policy effects are not always assertive on the general policies of public spending.

The Adventures of Huck Finn: A Coming Of Age Novel Essay examples -- e

The Adventures of Huck Finn: A Coming Of Age Novel   Ã‚  Ã‚  Ã‚  Ã‚  The novel ‘The Adventures of Huck Finn’ by Mark Twain is a coming of age novel. Huck’s maturity grows throughout the story. He first starts to show emotions toward a runaway slave, and by the end of the novel, has grown up to the point where, when Jim, the slave, is captured, Huck decides not to play games but to take it serious and rescue him the safest and most logical way. He also decides it give up playing games after his friend is shot to ensure that he would get the medical attention that he needed   Ã‚  Ã‚  Ã‚  Ã‚  The first indication of Huck’s growing maturity was in Chapter 15. Huck and Jim are split because of a thick fog near Cairo, their destination. After many hours, Huck finally makes his way back to the raft. Jim is sleeping, and Huck, still in a childish state of mind, decides to play a joke on Jim by pretending that he was never lost. He pretends to wake up next to Jim, who is overjoyed to see him, and Huck convinces Jim that the whole episode was a dream. When Jim finally realizes that Huck is fooling him, he scolds him sharply for it:   Ã‚  Ã‚  Ã‚  Ã‚  Aamy heart wuz mos’ broke bekase you wuz los’, en I didn’ k’yer no’ mo’ what become er me en de raf’. En when I wake up en fine you back agin, all safe en soun’, de tears come, en I could a got down on my knees en kiss yo; foot. I’s so thankful. En all you wuz thinking’ ‘bout wuz how you could make a foo...

Employment Law Compliance Plan Essay

As you begin the venture of establishing your new business, hiring your first employee or building an entire team of employees brings forth a whole new area for compliance regarding employment and labor laws; this includes both federal and state laws. Atwood and Allen Consulting has compiled an Employment Law Compliance Plan specifically for Landslide Limousines so that you are aware of any and all laws you must abide by as a new employer. Outlined below you will find a brief overview of each law (both state and federal), as well as a summary of consequences if you do not abide by these laws. State Laws The Texas Payday Law Under the Texas Payday Law, all Texas private employers must abide by this law regardless of the size or number of employees. This law requires employers to pay employees in full and on time on regularly scheduled paydays (Kizziar, Bracewell & Guiliani, 2012). Various types of compensation is subject to the Texas Payday Law, which includes compensation for services rendered regardless of how they are computed; commission and bonuses according to the agreement between the employee and employer; and certain fringe benefits due under written agreement with or by policy of the employer. An employer must also meet other obligations for payment of wages  to remain compliant with this law, this includes the following: An employer must pay wages to FLSA exempt employees at a minimum of once per month; FLSA non-exempt employees must be paid at a minimum of twice per month. Employers must have a designated payday, and must also post sufficient notice that is made available to all employees r egarding the designated payday. If an employer fails to establish designated paydays, the paydays will be the first and fifteenth day of each month (Kizziar, Bracewell & Guiliani, 2012). An employee who is terminated from employment must be paid no later than six (6) days from the termination date. Employees who voluntarily terminate their position must be paid on the next regularly scheduled payday. Commissions and Bonuses must be paid in the same manner and time frame in which other wages are paid. All wages must be paid to employees in US currency by check or direct deposit. Employees may receive wages earned in another form only if it is agreed upon between the employer and the employee. An employer may not withhold or garnish employee wages earned unless it is ordered upon by the court, federal or state law, or has the written authorization from the employee to do so. Consequences for Non-Compliance If employers do not abide by this law, an employee has the right to file a wage claim with the Texas Workforce Commission. If the employer is found guilty of non-compliance of any of the above named provisions outlined in this law, the employer may suffer both civil and criminal penalties (Texas Workforce Commission, 2013). The Texas Minimum Wage Act Requirements The Texas Minimum Wage Act was adopted to establish a minimum wage rate for FLSA non-exempt employees in the state of Texas. Effective on July 24, 2009, Texas began to follow the federal minimum wage requirement of $7.25 per hour; as the federal minimum wage requirements change, the state requirements will also change resulting in an automatic wage increase (Texas Workforce Commission, 2013). The Texas Minimum Wage Act also requires employers to provide each of their employees with a written earnings statement, which provides information that enables employees to determine from a single document whether they have been  paid correctly for a given pay period. This Act also pardons numerous employers from its coverage. The primary exemption from the Texas Minimum Wage Act is for any person covered by the federal Fair Labor Standards Act (FLSA). Other specific exemptions include: Employment in, of or by religious, educational, charitable or nonprofit organizations; Professionals, salespersons or public officials; Domestics; Certain youths and students; Inmates; Family members; Amusement and recreational establishments; Non-agricultural employers not liable for state unemployment contributions; Dairying and production of livestock; and Sheltered workshops (Texas Workforce Commission, 2013). Consequences for Non-Compliance If for any reason the employer does not comply with the Act, the employee may file a claim with the Texas Workforce Commission. If the employer is found guilty, they may be subject to civil penalties, with the addition of attorney fees and court costs. Federal Laws Title VII of the Civil Rights Act of 1964 This law makes it illegal to discriminate against any individual on the basis of race, color, religion, national origin, or sex. This law also makes it illegal to retaliate against an employee if they may have complained about discrimination, filed a charge of discrimination, or participated in an employment discrimination investigation or lawsuit. Title VII of the Act mandates employers to make reasonable accommodation for both applicants and employees in regards to religious practices, unless doing so would impose an undue hardship on the operation of the employer’s business. The Equal Pay Act of 1963 The Equal Pay Act of 1963 makes it illegal for an employer to pay different wages to men and women References Kizziar, J. H. (2012). The Texas Payday Law: Where Is My Paycheck? Retrieved from http:// (2012, January). The Texas Payday Law: Where Is My Paycheck? Kizziar News. Retrieved from http://www.bracewellgiuliani.com/assets/KizziarJan2011News.pdf Texas Workforce Commission. (2013). Texas Minimum Wage Law. Retrieved from http://www.twc.state.tx.us/ui/lablaw/texas-minimum-wage-law.html

Remove obstacles

This is because the owner of the Chinese factory will not acquire the new machinery required to produce additional quantities of products in timely manner and Lack of knowledge on International supply chain by the management 3) Macro – Economic:- The economy of every country and region differs In Its fundamental economic heartsickness, UN like Australia where there is relatively high level of per capita participation in regular exercise and sporting activity and CARR of athletic apparel grew at 8. 3% comparing with other country CARR 0. 8%. ) Socio economic 5) Financial 6) Legal 7) Physical 8) Political 9) Acculturation 10) Labor 1 1) Technological Benefits of globalization:- 1 )Cost benefit 2) Tattling benefit 3) Learning benefit 4) Arbitrage benefit Module 2:- Value chain of sports:- The mall supply chain for Seek seems quite short. It begins with producers of cloth and other materials for fashion clothes. Materials are purchased by the businesses that manufacture the clothi ng for Seek. The manufacturers are mainly small independent firms in Russia and Malaysia, but the company has its own small manufacturing subsidiary.The manufactured goods are transported to the company's distribution centre in Russia. Seek buys the manufactured clothes that It has designed, and distributes them to centre in France. Retailers may be department stores or its own stores. There are also some e-sales direct to customers. There may be some weaknesses in the supply chain. Most sales are in Europe but most manufacturing is in Russia (Eastern Europe) or Malaysia. Although these areas may be cheaper for manufacturing, the costs of transporting the clothes to the distribution centre in Russia and then to the distribution centre in France may be quite high. There is no information about the efficiency of Cheeks delivery system, but operating with two distribution centers may be inefficient and slow down the transfer of manufactured goods to shops. Its competitor Ezra has a man ufacturing centre in Europe and a modern distribution system. This may give Ezra a strategic advantage because transport costs should be lower and distribution times quicker. Ezra operates a Just in time system for ordering goods from manufacturers, and this seems to be more successful than Cheeks attempts to do the same thing. The supply chain operates slowly between Seek and its manufacturers, and this may put the company at a disadvantage compared with Ezra and H. Value chain of Sports apparel r SUPPLY CHAIN 1) Initial research :- Dakar invest a considerable amount of its financial resources in research and development of its products. Research plays a considerable time and money for value creation. 2) Target identified and validated :- A new product line hat daze is contemplating is in the area of compression sleeves and guards.These are compression wear items that protect selected parts of the body such as arm sleeves and calf sleeves. 3) Optimization :- 4) Development:- Dakar currently has a team of in house designers and sports scientist. The seven designers come form a variety of professional backgrounds, including fashion,sportswear swim wear and lingerie. 5) Testing :- Samples are generally created in Australia in a purpose built facility at the Dakar head office. And company has a highly experienced team who cut make and trim the sample armaments prior to large scale production. ) Production:- Production occurs at a Chinese, family owned sports swear clothing manufacturer 7) Marketing:- In Australia Dakar operation through Online stores, with approximately 20 outlets. Distribution also occurs through major chains of sporting goods retailers and department stores. Through global Dakar operates through online and through agency agreements. Normal Supply chain:- The Main supply chain of Dakar is quite short. It begins with Innovation of product from the in-house R center, manufacturing in china, sales in online, distribution center.Weakens in supply ch ain:- Most sales happens in Australia. Although these areas may be cheaper for manufacturing the cost of transpiration the clothes to the distribution center in Australia may be quite high Industry segmentation:- Industry:- Athletic apparel Industry segmentation, Products:- Compression Tights, T-shirts and shorts, Triathlon suits and lightweight running singlet's and shorts. Life cycle stage:- Growth:- As the Compounded annual growth rate of Australia market grew at 8. 3% from 2008 to 2012.Remote Environment:- Social:- The Australian market is perceived as a ideal market to test products placements on educated and informed consumers. This is beaus Australia has a relatively high level of per capita participation in regular exercise and sporting activity and relatively high levels of physical activity per capita, the highly developed Australian economy is dominated by a larger proportion of consumers who are early adopters of new technologies and products with high disposable incomes .Technology:- Dakar invests a considerable amount of its financial resources in research and development of its products. Industry environment analysis:- Threat of new entrants to the industry:- As Athletic apparel great at a CARR at 0. % there is less chance that new competitor coming into the industry. Industries dominated by branded products are difficult to enter due to large amount of time and money required to create a competing branded products. And also Access to distribution channels as their goods and services through established distribution channels as those have already been locked by existing competitors.Market segment Analysis:- What makes a market:- Markets are aggregates of consumer groups with similar needs. Consumers having relatively high level of per capita participation in regular exercise and sporting activity. Needs:-Compression apparel is designed to improve athletic performance by reducing muscle vibration and improving circulation. Preferences:-This appare l has been credited not only with increasing athletic performance, but also with reducing recovery time and post exercise soreness Current solutions:- Market size:- This market contributes 10. 9 % of overall world Athletic apparel.Market growth:- The compression apparel has been exponential growth in the past five years with some us industry reports suggesting annual sales growth of 55% from 007-2010 and 68 percent of 20101-2013. Blue ocean strategy:- New customer markets:- This strategy is its creation of new undiscovered markets through innovative activities, this strategy is value innovation and ultimately renders the competition irrelevant. Consumer value is created through innovative activities that provide new and improved offerings Like Dakar is contemplating is in the area of compression sleeves and guards.These are compression wear items that protect selected parts of the body such as arm sleeves and calf sleeves. This will help consumer increased circulation to enhance rec overy ND reduce soreness as well as providing sun protection. This protective sleeves market. Key success factors for Sports apparel are:- 1) Processing efficiency:- the organization must be price competitive on a global basis to compete effectively with local and global competitors. ) Product quality:- The organization must produce consistently reliable high quality products and position its brand to represent quality and good value 3) Understanding the customer. The organization must understand what the customer wants and needs what they value and where and when they want to shop 4) Product differentiation and innovation. To stay competitive the organization must be able to respond to changing customer needs and wants by delivering products in innovative ways. 5) The company has a broad portfolio of products.It does not rely for its success on one product or a limited range of products. A broad portfolio of products means that the company is not exposed to the risk of decline in t he market for one or even a number of its products. Some products may be in decline but there will also be products that are still in the growth phase of their life cycle. 6) The organization must create customer wariness of the benefits associated with its products and where they can be purchased and products must be available where they shop.MODULE 3 Strategic drivers:- 1) Industry and Market:- Athletic apparel 2) Products:- compression tights, T-shirts, and shorts, triathlon suites, outerwear and other items designed to be worn before and after sporting activity 3) Customers:- Consumers who are early adopters of new technologies and products with high disposable incomes 4) Channels:- Dakar operates its own network of retail stores in Australia with 20 outlets, sporting goods retailers and department stores, online, and n international market through agency agreement example Singapore and Taiwan. ) Competitive advantage:- Dakar invests a considerable amount of its financial resour ces in research and development of its products Innovation.. Product reliability of their brand in Australia and other countries for last 5 years and also exclusive distribution channel also making the product differentiation. And also having wide range of product range making it easy for a customer to find what they want from a single provider. Establishing a certain consistent image in the market, such as romp, courteous service can also be used as differentiating factor by the organization.Operation drivers:- Profit:- There is an increase in profit from 1. 1 Million to 21. 6 million and percentage of margin increased from 8% to 32. 5%. Cost:- Cost percentage has been decreased driver to order to meet the operation driver. Peoples and organization drivers:- The culture of an organization along with the employees it attracts and the resources it develops will naturally direct an organization. Strategic capabilities:- Valuable, rare, difficult to imitate or replicate, non substitute d. SOOT analysis:-Strengths:- Well established organization structure, and passionate employees led by an executive management team that has largely keen in place since the company inception. The core group of employees have been individuals who love sport and exercise and also created by a group of elite athletes with an entrepreneurial dream. The culture at Dakar has typically been one of energy and excitement. Dakar is one of the leading brand in Australia Production quality is consistently maintained by their production centre in china Dakar invest a considerable amount of its financial resources in research and placement to introduce new products. Avian wide range of product range making it easy for a customer to find what they want from a single provider had a good team of in house designer and sports scientists good work culture Opportunities:- Dakar share of market is only 5. 5% of total 1. 2 billion, the sales need to be scaled up in order to gain the market share Internati onal expansion through JP and agreement with other companies Online sales are the big opportunity for expanding into international market.Weakness:- production capacity cannot be increased as their manufacturing facility in china to willing to acquire the new machinery required to produce additional quantities of products in timely manner Through agency agreements in place it does not currently opiate any company owned offices outside of Australia Threats:- Employees are currently appears to be a high level of inertia, confusion and uncertainty within the organization and its employees. Entry barriers like sheer quantity of retail outlet in Asia markets and regulatory barriers imposed on wholly foreign owned companies setting up in some Asian countries. Unlike CARR in Australia with 8. 3 % globally it was only 0. %. So same level margin cannot be expected by the Dakar. Gap Analysis:- The Dakar business is looking for International expansion opportunities and has identified the follo wing gaps that need to be addressed in its business strategy. Capacity to business strategy gaps Production capacity cannot be increased to the anticipated demand Environment to business strategy gaps:- Global Leticia apparel grew at a CARR at 0. 8 % comparing with Australia CARR 8. 3% The sheer quantity of retail outlets in Asian markets.The regulatory barriers imposed on wholly foreign owned companies setting up in Aids etc there will be high switching cost to find new customer globally. Key stakeholders Gap:- In employees there is a growing perception that the company is becoming focused purely on a global presence growth and forts and will forget the employees that helped it to become successful. Ken tucked General Manager operations who takes care of production process has been suffering from rare illness and is planning to retire from daze within the next 6 months.Dakar need to find out the appropriate person to take of production process after Daze retirement. A lack of exper ience in lobar industry by the employees towards globalization Module 4:- Market development:- page 4. 14 Dakar is an alternative approach to product development is find new markets for existing products. Although the products are unchanged it is not clear how the related markets will respond to products that have not been specially designed for them and related market development can occur through expanding geographically.Innovation:- Innovation is the act of introducing something new. It is the process of creating a new product service proceed or other idea for an organization that will exults in increased customer value and positive changes in efficiency, quality, competitiveness, market share etc. Innovation process value chain in Dakar:- 1) Company invest a considerable amount of its financial resources in research and development of its products and come out with an innovative idea. ) The product development team of in house designers and sports scientist will created a produc t that meet the Idea off product 3) These sample products are created in Australia in a purpose built facility at the Dakar head office. Dakar has a highly experienced team ho cut make and trim the sample garments prior to large scale production. 4) Once the product is satisfactory then the production will be taken place in their Chicane's, family owned sportswear clothing manufacturer. 5) Marketing of the products happens through Online, company owned outlets and international through Agency agreements.Key success factor for new product development and implementation:- 1) Affiance of development:- Dakar spends considerable amount of its financial resources in research and development of its products was comprehensive and effective in order to ensure success. )Seniority and authority of responsible managers:- Dakar is renowned for its commitment to product development since inception of the company. This is evident through its many successful brands and constant successful developme nt.Development of New geographic markets:- The ability of an organization to internationalist depends on its ability to appreciate the environmental differences, understand the risks and implications, and then counter or adapt to them successfully. Critical questions to be addressed by any organization contemplating new market development include the following:- 1) The size and alee of the proposed market:- The global market for athletic apparel is 67. 7 but Australia share was only 1. 2 billion only 1% of the global market, there is a huge scope for the company to get the Market share. ) Market Growth:- Unlike CARR in Common mode of entry into new geographic markets:- page 4. 48 Module 5 Dakar will comes under organic systems Module 6:- Strategic leadership style:- Risk takers:- Key managers in Dakar are:- Will winsome CEO founder of the Dakar Jan Taylor leader the organization strategy in may 2010 Ken tucked, General manager production is there since Dakar started its business Mea n Mean worked with Dakar since 2008 acting as an COOP Most of employees has completed good number of years in Dakar through out its growth phase By the above data we can come to an conclusion that Strategic leadership style was risk takers. -s Model:-This model is useful tool for testing whether a proposed strategy will achieve its aim by asking whether it aligns with the seven major areas under the model Strategy:- the vision of the company is to become one of the 10 most recognized global sporting brands and its strategy towards to achieve its mission to increased sales by 10 time over the next 10 years, wrought entering into the new Geographical locations. Employees are feeling unsecured because they are in constant touch with executive team through the growth of the organization.Once company becomes global there may be chance the Executive team will forget the employees that helped it to become successful. Management should provide clear guidance and make sure that all the level of employee are participating to achieve to full fill company vision Structure:- the structure of the Dakar adopts with the globalization because there manufacturing facility is china and some portion of sales are through online and Agency agreement del. Systems:- Entering into new Geographical location will the current systems of organization.As they had good supply chain management because of the online sales and agency model Resources:- The manufacturing capacity which is china cannot improve the capacity with its current capacity in order to meet the demand. Company should look for an better alternative into to make sure the supply meets demand Skills:- The executive team does not have the international experience except Jane Taylor who is an General Manager strategy. Style Shared values :- Successful development of new markets:- page 4. 1) The identifiable benefits of expanding into the new market must be I line with the long term strategic goals of the organization 2) The org anization must ensure that it has sufficient cash reserves to finance the new business until such time as it becomes self supporting 3) The organization should perform both internal and external analysis. The role of communication:- page 7. 37 Cotters 8 steps leadership:- Create Urgency:- Global athletic apparel market 67. Billion and Australia market data to the employee and their position in the global market in order to understand where there stand in the global market. This happens employee think what are the management expectation from the employee. It is the step where people need to know the need for change and what change is necessary for the company. Form a powerful coalition:- The leader need to convince the people for change. Many employees of Dakar Joined because it was a small, friendly and vibrant company that was popular and well respected in the Australia market.So, this is a very difficult task and need a real leadership quality to be done. Create a vision:- Dakar v ision to be one of the 10 most recognized global sporting brands. It hold 40% share in Australia arrest in order to achieves its vision. It should expand in the international expansion opportunities through JP, Franchise, Retail or through Online mode. Several ideas and concepts should be organized properly in a proper form in order to make the person understand it.This will help Dakar employees to understand need for change. Communicate the vision:- it is not Just enough to communicate the vision to the people but it should be done with great power and confidence on a regular basis so that people can trust on it and it remains fresh in their mind so that they can respond accordingly. When ever Dakar opens the new stores and any product launches Will Winsome CEO will be presented. So he need to communicated to the employee what are the idea and vision of the Dakar.Remove obstacles:- instead of people accepting and promoting the change there are certain resisting the change due to wh ich obstacles are often created in the path of the change so the leader need to identify these and correct these by giving rewards to those working good for the change and motivating the one who resisting it. The main perception in the employees was the company is becoming focused purely on a global presence, Roth and profits and will forget the employees that helped it to become successful.In order to avoid this the, Executive team need to make sure that all the employee who made a Dakar as employee of choice need to give chance to them. So that their perception will be removed from their mindset. Short term wins:- during the change in order to motivate the employees and boost up their performance short term targets should be given so that the employees could work hard to achieve it but after achievement they will be high on energy and performance.Assurance from will income that the company is planning to introduce an employee share program offered to full-time employees who have b een employed by Dakar for more than 10 years is an example. Build on chance:- build on the change: the reason of most of the failures of change is the early declaration of victory, changes need to be done slowly and the impacts should not be Judged too early and the long term goals should be focused on. Anchor the changes in corporate: finally it should be taken care of that the change is done properly and is used in the regular day to day life of the work and the leaders would keep on supporting the change so that the employees and the new leaders who are brought in should feel comfortable working. An acquisition strategy can bring more immediate results, possible with less apexes and risk than starting a new subsidiary business operations. In order to become the global player M activity activity is must in order capture the market share. In order to be successful in acquisition strategy.Dakar team need to take care these issues Purpose of acquisition towards global reach is an imp ortant aspect to be communicated to the employees Dakar Executive team should be have the focus n pursuing the strategy Jane Taylor organization strategy development lead has good knowledge on the international expansion which will help the company to resolve the implementation issues Dakar employee should be provided with enough growth in global expansion strategy otherwise there is chance of losing Key talent Acquisition is the best for market penetration because:- 1) Speed of entry :- There strategy towards achievement of the company vision by increasing sales by 10 times over the next 10 years can happen only if the market penetration happens through acquisition of new global entity 2) Vertical Integration:- Through acquiring the good company which has the good capacity to increase the production, because excising manufacturer in china will not to able to deliver the additional quantities required to meet anticipated demand and with reasonable time frames. 3) Technical leakage:- Dakar has spend good number of amount of R, which will differential with there competitors. If there is an acquisition there will be low risk of Technical knowledge leakage 4) Market Penetration:- Market penetration can happened very quickly because total market of acquired firm will the market of Dakar. Not need to again start from the scratch.

MGMT Assignment Example | Topics and Well Written Essays - 250 words - 1

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Pendulum and Spring Lab Report Example | Topics and Well Written Essays - 750 words

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