Different Business Organizations, Coursework Example

Different business organizations take into account several points of development and growth that are most often than not based on a definite consideration on the rate of investment that the organization is willing to shed for the sake of aiding the projected expansion of the organization’s overall operation. Relatively, the proposal presented by Robert Gates, Hanson Private Label’s Executive Vice President for Manufacturing, entails for the commission of the organization towards creating a more extensive process of production through doubling the efforts of manufacturing with the use of an additional facility for business development and operations.

In the proposal, it has been pointed out that the purpose of the directive expansion is to improve the ways by which the organization is able to reach out to the customers it wants to serve. The connection it has with good retailers in the industry marks such point of success. What is considered as one of the most important features of the plan is that of the fact that it shall create a new portal for development that would improve the relationship that the organization has with its partner retailers. Noticeably, this purpose entails to resolve the problem of lowered rate of release of products that makes it rather harder for the organization to keep its position of competition at a definite stance that cannot be shaken by sudden conditions of development and immediate changes in the surrounding factors in the industry including the status of the society’s overall economy.

Alongside the commissioning of improving or increasing the rate of production from the company, the proposal also entails to make a much better connection with the market through the use of effective branding. Another approach is through price-range readjustment; one that would fully equip the market with full competence on how the organization hopes to serve their needs accordingly. What makes this approach rather effective is that it aims to target two of the most important stakeholders of the organization; the retailers and the customers. These elements are expected to make a definite impact on how the organization thrives in the market.

In the process of evaluating the project being proposed; it is important to understand the point of budgeting that has been scheduled by the organization. Knowing what needs to be budgeted and what needs to be controlled with regards the project being pursued, it is rather expected that there are certain considerations that need attention; one that basically up-scales the utilization of the most important assets of the business; the ones that would best affect the growth rate that is being pursued by the organization. In this case though, [especially when it comes to measuring the budget allowance that is dedicated for the completion of the plan], it has been realized that the emergence of good labeling ad branding could help in furthering the plan especially in pinpointing what needs the most attention and what part of such plan needs the most financial insistence and utilization? Through evaluating these matters, it is assumed that the creation of a good plan that is able to mandate a better sense of worth especially for improvement and development of market reaction on the products shared by the company to the public.

Upon realizing the effectiveness of budgeting and setting up of operational activities, it is important to note financial risks ought to be handled accordingly. How could such risks be resolved? One possible resolution is to make sure that the plan is established firmly on solid foundation. It is expected that when it comes to making a definite impact on how one plan is pursued in business, budgeting comes in the first line of concern; after which, it would be the procedural operations that are designed to make sure that the plan goes well and that it reaches the goal that has been set in front of it.

In the plan for expansion made for HPL, it could be noticed that determining success through feasibility study is essential. Even though the plan has been already laid down and presented, the distinction of the role of the management especially when it comes to making a definite stance on how improvements are to be made should be fully accomplished. It is important to note how the stakeholders in the organization are taken into account and how their values are given high regard in the plan. Accordingly, it could be analyzed that when it comes to imposing good essence of project planning, business expansions such as that of HPL’s proposed improvement is expected to have risks; relatively evaluating these risks and preparing for them is what accounts for a good planning approach that the management ought to be well regarded for. As for this case, HPL’s planned expansion is seen to benefit the full function of the business in the market. With good management of strategies which includes partnership with retailers, re-strengthening of brand, and realignment of pricing strategies, it is expected that all the risks that are to be taken into account as the project is to be pursued could be covered and practically mandated through the implicative positive results that come from the plan itself; as it is being drawn into a point of development that will bring the whole organization into a much larger scope of improvement.

References

Cattani, G., Ferriani, S., Frederiksen, L. and Florian, T. (2011) Project-Based Organizing and Strategic Management,Advances in Strategic Management, Vol 28, Emerald.

Jump up ^ Lewis R. Ireland (2006) Project Management. McGraw-Hill Professional, 2006.