Lead and manage team effectiveness Comment by Bharat Poudel:
Assessment 1 comments to be addressed. Comment by Bharat Poudel: You have discussed and presented performance plan, but you have not specified where you have addressed the questions in the order of your response.Please include few more information such as:1.Form a team2. Agree to meet to discuss team objectives and develop performance plans for each team member.3.Consider several strategies to ensure each team member has input into the planning process.Consider several ideas for policies to ensure team members take responsibility for own work.Consider team goals and how team can achieve goals.Consider strategies for gaining consensus among your team.Consider group behaviour and how best to present your ideas and work effectively within the group.Review the third-party report in Appendix 3 to ensure that you are familiar with the team performance expectations.Prepare to take notes to provide evidence of team meeting.4.Using the template provided in Appendix 2, develop an individual performance plan in consultation with your team to help achieve team goals:Include your support duties in your individual performance plan.Your performance plan should be at least three pages long. 5. Third party report needs to be filled out which is included in Appendix
Assessment Task 1 Comment by Bharat Poudel: Theoretically yes, but you need to answer as per the order of the questions in the procedure.
Online business is also known as e-commerce or e-business. Online business hit the market by storm and captures a large share of market. Apparel Brands Pty Ltd wants to start a new innovative business which has budget of $30,000. There are different types of online business available. The company has to decide which the best is for the company and the best form of online business for the company is online shopping websites. The company will open his online shopping website and the promotion of the online website is done by using the various social networking sites. The famous social networking sites are Facebook, Instagram, YouTube, etc. The company sets up a team for research about the e-commerce business and gives suggestions for how to compete in the market. Comment by Bharat Poudel: Clear description of the company given in the case study.
The product which can be offered to the customer in clothing are custom jeans, custom t-shirts, custom shirts, custom shorts. For winter, the company will also offer winter products like sweatshirts, sweaters, jackets under his own
and. The fa
ic of the products offer by the company is very high which will satisfy the needs of the customer and it will help in increasing the sales of the product. The sales of the product will increase if the product quality is better from the competitor’s products. In cu
ent time, the customer needs products which are good looking, have good fa
ic and has longer durability. The customer pays the price for the products and looking for these features and if these features are available in the product then it can satisfy the need of the customer. The price of the product is fixed by the pricing department after considering the pricing policy of the company. Some adjustments needs to be made in the pricing policy of the company as the company will enter into a new business and in a new market so the company has to decide the price of the product according to the price in the market for the same product. The margin of the profit is needs to be on the cost. Comment by Bharat Poudel: Well informed.
Everyone has its own needs. The main target market of the company is the youth generation. The youth has different characteristics and they want to buy the product which will suit them. The youth buys more products in comparison of old people. They need different clothes if they are going for the college, they need different clothes if they are hanging out with their friends, they also need different clothes if they are going to the parties for fun, and they need different clothes if they are on home. These characteristics of youth will encourage the company to manufacture different types of products which will increase the sales of the company. The youth generation does not want to buy the product from the shop. They want to buy the products online which will come their home. They mainly orders products online which will save their time and many offers are available at the time of online shopping. The company will target the youth generation by using the online marketplace to recapture the market share and to increase the profits.
There are many websites are available which will give necessary information about setting up the new venture. The consultancies firms are also available in the market which will help them in setting up their firm by charging some fees. Information can also be taken from the bloggers. There are many shopping websites are available in the market. Their interface will be used by the company and the changes are made in the interface. Comment by Bharat Poudel: Okay.
The first thing which is done by the company is to make an attractive website which contain all the information about the company’s products. The payment scheme for the products is decided by the company as it will offer different payment methods to the customers like cash on delivery options, payment via debit card and credit card, payment via mobile wallets, and payment via net banking. The different payment method will attract the customer as they have option to pay the product by opting one payment method. Apart from the payment the company also has to give search filter options to the customers which will help the company’s cause. The filter option includes the filter in price range, filter in
ands, filter in category, etc. The sort option also needs to be given on the website. The company also needs to develop a shopping application for the mobile which will run on types of mobiles and the people can easily use the application and order their products. The company will give an extra feature on his website and application for delivering the product in one day. The product will be delivered to the customer but some extra charge will be paid by the customer for faster delivery
The e-commerce business saves the company’s costs as the company main cost of opening the showrooms will not incu
ed. The handling cost of the inventory will also not incur which will benefit the company in increasing its profit. Cost savings in rent and staffing will also help as the company will not need more staff for managing the online business. The productivity of the company will increase as the cost of the company will reduced. The variable cost of the company will reduce as the production will increase but unit cost will decrease.
The determination of the cost of the product is done by the cost accountant. The cost of the product includes the material cost, labor cost, overhead cost. Apart from that the company does not have administration cost, there will be selling and promotion expenses and the other cost incu
ed by the company is distribution cost and the delivery cost. The company made an agreement with the delivery company for delivering the products to the customers. Profit is added on these all costs through which the selling price of the company will be determined. The profit can be determined on different basis. The profit can be calculated by using the rate of return method in which the profit is calculated on the investment made by the company. The company made investment of $30,000 and fixed rate of this investment can be taken as a profit which will be added in the total cost of the company. The company is a beginner in the online business and can also use the variable cost method for determining the selling price of the company. In this method, the company will only recover its variable cost and the contribution. But the contribution will be enough to recover the fixed cost of the company. This strategy is used when a new business is set up. Comment by Bharat Poudel: Well explained.
You have discussed and presented performance plan, but you have not specified where you have addressed the questions in the order of your response.
Please include few more information such as:
1.Form a team
2. Agree to meet to discuss team objectives and develop performance plans for each team member.
3.Consider several strategies to ensure each team member has input into the planning process.
0. Consider several ideas for policies to ensure team members take responsibility for own work.
0. Consider team goals and how team can achieve goals.
0. Consider strategies for gaining consensus among your team.
0. Consider group behaviour and how best to present your ideas and work effectively within the group.
0. Review the third-party report in Appendix 3 to ensure that you are familiar with the team performance expectations.
0. Prepare to take notes to provide evidence of team meeting.
4.Using the template provided in Appendix 2, develop an individual performance plan in consultation with your team to help achieve team goals:
0. Include your support duties in your individual performance plan.
0. Your performance plan should be at least three pages long.
5. Third party report needs to be filled out which is included in Appendix
Assessment Task 2 Comment by Bharat Poudel: More work to do.
Develop team cohesion and facilitate teamwork Comment by Bharat Poudel: You have discussed more on the research and modality of the online business but looks like you have provided limited information on team cohesion/team goals side.
The products which will be sold by the company through e-commerce business are custom t-shirts, custom jeans, custom shirts, sweatshirts, sweaters, jackets, etc. A proper planning is needs to be done before the starting of the new venture. Necessary research on the online business has done and the company can recapture its market share if it starts the new business but the company will need to determine some plans and policies before starting the new business.
The first goal which can be achieved through this method is the company can recapture its market share. The profits of the company will increased from the new venture. There will be growth in the future if the venture starts. Some of the costs of the company will not incur in the future. The cost of staffing and rent will be saved by the company. Reduction in cost will also help the company in increasing its profit. The goals which cannot be achieved are the reduction in the distribution and the delivery cost. The selling expenses of the company will increase if the new venture starts. The distribution cost of the company will also increase. Comment by Bharat Poudel: You are talking about distribution and delivery cost. Please focus on team issues. Where have you talked about resolving team issues and issues matrix?
The major issue with the online business is some technical problems