BSBFIM601 - Manage Finances (Assessment 1 - Project 1) .docx - BSBFIM601 MANAGE FINANCES Assessment 1 Submitted by Lai Siew Ching ASOC 2014 Student Name

BSBFIM601 - Manage Finances (Assessment 1 - Project 1)...

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BSBFIM601 MANAGE FINANCES Assessment 1 Submitted by: Lai Siew Ching ASOC 2014
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Student Name: Lai Siew Ching Student Id: ASOC 2014 PART A INTRODUCTION OF YOUR COMPANY: Company Background / introduction Cricket warehouse cricket centre was launched to provide high quality cricket training to students and players in the local area. Throughout the season students have gained cricketing knowledge with coaches and have decided to launch a cricket carnival which will showcase their skills and talents gained and how they can apply that in a competitive environment. ORGANISATIONS VISION: Increase in competition from other sports facilities has made it necessary to stay relevant and boost player and participant numbers. This will enable the company to boost profit and have the ability to provide state of the art facilities and training programmes. This will have implications on pricing, amount of staff, concessions and marketing which will enable the cricket centre to function profitably and sustainably. ORGANISATIONS MISSION: Expansion of business through introducing new technology to enable customers the opportunity to have better quality. ORGANISATIONS VALUES: The introduction of new state of the art bowling machines that enable better accuracy together with timing mechanism which players are able to adjust remotely. Plus video recording off all sessions provided. New business opportunities: The introduction of new state of the art bowling machines that enable better accuracy together with timing mechanism which players are able to adjust remotely. Plus video recording off all sessions provided. Strategic objective Financial Strategic Objectives o Financial Growth: To exceed --------- in the next ----- years. o Financial Growth: To increase revenue by----- o Financial Efficiency: To decrease expenses by ----- o Financial Efficiency: To increase net profit by ----- 1
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Student Name: Lai Siew Ching Student Id: ASOC 2014 Internal/Operational Strategic Objectives o Product/Service/Program Management: To have all product meet standard of excellence guidelines. o Operations Management: Capitalize on physical facilities (location, capacity, etc.). o Operations Management: Increase community outreach. Scope of growth: Financial Strategic Objectives o Financial Growth: To exceed $10 million in the next 10 years. o Financial Growth: To increase revenue by 10% annually. o Financial Efficiency: To decrease expenses by 5%. o Financial Efficiency: To increase net profit by 10% annually. Customer/Constituent Strategic Objectives o Current Customers: Expand deals to existing clients. o Current Customers: Increase client maintenance. o Current Customers: Achieve and keep up remarkable client administration. o Current Customers: Develop and utilize a client database. o New Customers: Introduce existing items into another market.
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