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MG309 Group Assignment Final

The document provides a strategic management plan for Gounders Business Solutions for 2020-2021. It includes an overview of the business, which was established in 2017 and provides CCTV installation and security services. It outlines the mission, vision, values and objectives of the business to deliver high-quality security solutions. The plan also discusses service offerings, competitive advantages, SWOT analysis, financial reports, and recommendations to guide the business in the upcoming year.
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0% found this document useful (0 votes)
239 views19 pages

MG309 Group Assignment Final

The document provides a strategic management plan for Gounders Business Solutions for 2020-2021. It includes an overview of the business, which was established in 2017 and provides CCTV installation and security services. It outlines the mission, vision, values and objectives of the business to deliver high-quality security solutions. The plan also discusses service offerings, competitive advantages, SWOT analysis, financial reports, and recommendations to guide the business in the upcoming year.
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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MG 309 GROUP PROJECT

GOUNDERS BUSINESS SOLUTIONS

STRATEGIC MANAGEMENT PLAN

Group Members
Reapi Raviri - S11157477
Deepshika Raj - S11160679
Ardarshana Kumar- S11135795
STRATEGIC PLAN
GOUNDERS
BUSINESS
SOLUTIONS
2020-2021

1
DECLARATION
We, Deepshika, Ardarshana and Reapi hereby declare that this piece of work is our own and
not copied from anywhere. All external sources that have used to complete this project have
been referenced and given credit for.

1. Deepshika Raj- S11160679


DR

2. Ardarshana Kumar- S11135795


AR

3. Reapi Raviri- S11157477


RR

Date: 25/05/20

2
Contents Page number

Business Overview 4
Executive Summary 5
Competitive Advantage 5
Service Offerings 7
Mission, Vision, Values and Objective 8
Job Roles and Responsibilities 9
SWOT Analysis 11
Customers 13
Competition 14
Financial Reports 15
Conclusion 16
Recommendation 17
Bibliography 18

3
Business Overview
The business that has been chosen to best fit in the compilation of this strategic plan is
Gounders Business Solutions. It is a new business, established not too long ago and is
becoming one of the best among its competitors in the market. Due to being still in the line of
growth, for a start Gounders Business Solutions will have a strategic plan designed for one
year.

Gounder business solution started its operations in 2017. The business is based at Tagitagi,
Tavua however most if its work is performed remotely. The director of the business is Mrs.
Sarojani Gounder and the Managing Director is Mr. Prashil Gounder. The business currently
consists of 5employees which includes a Human Resources officer, two CCTV technicians, a
supervisor and the Managing Director.

The business has successfully managed to be part of the CCTV installation business
community for the past 3 years. Gounders business solution specializes in supplying and
installing CCTV cameras, digital video recorders, network structured cabling and also
installation of attendance systems such as the biometrics, password, card swiping and many
more. Ever since the business has started it has dealt with some of the major companies,
telecommunications Fiji limited (TFL) as well as the Cope construction to name a few. The
business started off with only 2 employees at the beginning however with time business took
up pace and set out its wings in the market.

The business has a well-structured way to deal with their clients and are always there to
ensure that they provide the best. The company is continually bringing in more ways and
ideas to enhance the business future as technology keeps on upgrading and as such they are to
be there with the market trends. The business is always up-to-date with the facets of everyday
normality and ensures that they provide much attention to their clients and focus on details to
ensure business runs smoothly among two parties.

Gounders Business Solutions is undoubtedly going to be amongst the leading businesses in


Fiji in the near future. With the factors driven by the business to reach the right market and
the right people, it has already created a platform for businesses like Gounder Business
Solutions to continually grow whilst at the same time showing their capabilities and
innovative ideas for the future business practices.

4
Executive Summary
Gounders Business Solutions is a registered company involved in a whole range of activities
that involves the installations of CCTV cameras, sales and installations of digital video
recorders, installation of Internet protocol CCTV cameras (both wireless and wires), sales and
installation of attendance systems such as biometrics, password or card swiping. Gounders
business solution utilizes quality products in order to deliver its services and product to its
customers. This brands include; Dahua technology, HikVision, Vivotek and Unview. These
quality products enable the business to deliver the best quality products to its customers at a
timely manner.
If you are serious about the safety and security of your family, then taking the step of
installing CCTV cameras around your house is the best possible solution you can take. We at
Gounders Business solution understand the importance of this, hence we are available to cater
all your needs when it comes to the installation of such devices.
Installing CCTV is one of the most important things you can ever do to ensure the safety and
security of your family. CCTV not only helps to prevent burglars, intruders and other
unwelcome visitors to your property it can be of immense use in apprehending and
prosecuting anyone who tries to trespass your property
We at Gounders Solutions services stretch from supplying you with the best products and
services that both fits your needs and budget. We also provide installation training on how to
utilize the devices to its full potential. You can rest assured that your property’s security is in
the trustworthy hands of the experts.

Competitive Advantage
We at Gounders Solutions believe that our market advantage lies in the devices and products
we supply and install for our customers. All our technology is of high quality and
international standard hence customers get the best when choosing us. Relevant international
authorities have been consulted about the technology and products we supply hence our
clients will be served with the best. Our intention also lies in delivering a high performance
managed surveillance service, meeting the customers’ requirements and at the same time
complementing and enhancing the existing security arrangements.

Gounders Solutions will also make sure that the proper qualified people are hired to take on
the Human Resource management, technicians, supervisor and the managing director
Qualities such as honesty, hardworking, punctuality, fast learners and customer centric are
some of the qualities our employees are to possess when working for us.

We at Gounders Solution will ensure that:

● You have the right CCTV system for your needs, have the right cameras, monitoring
and recording equipment

5
● Cameras are as visible or as discreet as you want them. We highly recommend that
the cameras are installed at a discreet location so that the burglars are not put off by
the sight of the cameras
● The CCTV cameras are positioned safely and are pointing in the right directions and
covering the right areas without leaving any blind spot or bad reflection
● Ensure that you get the finest service regardless of how much you spend with us.
● Ensure that you are equipped with the knowledge and skills of utilizing the devices
we have installed effectively and to their maximum capacity and that you are viewing
the storage capacity correctly so that in case it gets faulty, you should know what to
do.
● Upon receiving orders from our customers, we will deliver and install the devices at a
punctual manner so that our customers remain satisfied.

6
Service Offerings
Gounders business solutions are based in Tagitagi, Tavua, Fiji for the past 3 years. The
company started CCTV Installation service in 2017. Having the correct security temporary
worker plan and introducing your reconnaissance cameras and related items is pivotal to
realizing that it will be done impeccably and on schedule. Completely fulfilling our
customers is our lone objective. Our security specialists will go to your home or business and
convey a free security interview and statement for CCTV Installation Services. Our security
specialists will design the most outright security reconnaissance answer for your home or
organization. We currently offer a bunch of other security related choices for our
demographic. Remote Monitoring and access control will bring top degrees of security to any
network. We give a definitive post security arrangement. Our CCTV Installation
administration is intended to let a business remain concentrated on what they excel at. While
home and private networks can depend on the most braced observation arrangement at a
moderate expense. We keep probably the biggest stock of security items along these lines
decreasing expense. Our company has worked with Cope construction and one of the leading
telecommunications company in Fiji TFL. We have gained experience working with TFL as
it provides services throughout Fiji and has a huge market share.

7
Mission, Vision, Values and Objective
The following stated under are the vision, mission, objective and values of Gounders
Business solutions.

Vision

Our vision is to convey Top of the Line Integrated Security and Surveillance Solutions at
serious expense to cause People of Fiji to feel safe and protected for their Buildings,
Properties and Life.

Mission

Is to deliver a high performance managed surveillance service with 24/7/365 availability. We


intend to meet the customer requirement, and in doing so, to complement and enhance the
existing security arrangements.

Objective

The business strives to be among the best of services, guaranteeing customer satisfaction and
increasing product range and also is to advance a feasible security arrangement with
combination of more up to date technologies.

Value

Customers are valued at Gounders Business Solutions and are considered to be the main
reason for the continuous success of the business and with that the business highly considers
the demands and needs of customers and places their interest where best fits.

8
Job Roles and Responsibilities
Gounders Company Solution is a small venture, hence we will only employ 5 people to carry
out certain roles suitable to their traits and qualities. We aim to hire people who possess
certain qualities such as honesty, hardworking, customer oriented, punctuality,enthusiasm,
and empathetic.

We are Gounders Company Solution will only hire graduates who are highly qualified and
have experience in the same field of installing technology or devices for the last 3 years.
Some of the positions that should be occupied include:

1. Managing Director- this individual will be responsible for directing and controlling all
operations that take place in the business. This individual will also be in charge of
giving out strategic guidance and direction to the company and its employees to
ensure that the company achieves all its short and long term goals, financial goals,
mission and vision. Other roles he/she will play include

Ø Signing agreements and deals

Ø Direct the organisation

Ø Strengthen Business Vision and Mission and communicate effectively

Ø Verify business writing and documents

2. Human Resource Manager - Since this individual will oversee all employment
relations of the business, he/ she will need to be a graduate of a Bachelor degree program and
have a working experience of more than 5 years. Some of the roles that the HR manager will
play in the organisation:

Ø Completion of administrative tasks and operations of HR

Ø Job positioning and assist in job interviewing

Ø Responsible for the induction process of new employees/ Look out for
employees' needs and grievances.

3. Information Technology Technician- There will be 2 individuals hired to take on this


very important role. They will need to be very familiar with working with electronic
equipment, internet applications and security. They will also need to have excellent
communication skills because they will frequently interact with the clients. They will be in
charge of the CCTV cameras installation, providing relevant information to our clients about
the devices installed in their homes and how they should be operated. Other roles include

- Assist in the selection of devices the company should supply and install in homes

9
- Assist in the sales of our devices by providing useful information about the devices to
our clients
- Frequently interact with our clients

4. Supervisor - This individual will need to be well versed with IT systems as he/she will
oversee the work of our technicians. He / She will also be in charge

- Oversee the quality of our products and the work of our technicians
- Look out for effective strategies that will be useful to the company and its structure
- Oversee the protection of our workers when they are working and at the same time
ensure that they are free from anything that may endanger their safety and life

10
SWOT Analysis
Strengths

· CCTV a modern technology for 27/7 surveillance which many people use now to
ensure safety.

· Quite popular due to the increasing safety demands whether it be for residential use
or business use.

· Popular among big companies like TFL

Weaknesses

· Lack of expertise

· Small business, so not awareness in the market of its existence

· Competitors offer similar products

· High transportation costs

· Price flexibility is limited

Opportunities

· Expand business to other busy locations around the country

· Bring in new models as there are new innovative products always upcoming.

Threats

· Changes in the government policies

· Border restrictions

· The rise in insurance costs

· Upward pricing due to increase in price inputs.

11
Goals and Objectives

To rouse the world with imaginative advances, items and structures that improve People's
lives and add to a socially mindful, manageable future is the goal for Gounders business
solutions. Listed below are some key important issues related to strategic plan.

Integrity: Acting and taking choices in a way that is reasonable and genuine. Observing the
best expectations of polished methodology and being perceived for doing as such.
Uprightness for us implies money related and scholarly honesty, however includes every
single other structure as are commonly comprehended.

Speed: Responding to inside and outside customers with a longing to move rapidly.
Determinedly attempting to finish before cutoff times and picking the best beat to progress
various leveled efficiencies. CCTV is the center of an organized structure and supports
affirmation of intruder and caution activations. Identified with picture taking care of and
moved programming instrument, CCTV systems help you with achieving your security
objectives.

Creativity: Mr. Gounder is being creative by having a company logo and has also joined
Facebook. He also is planning to go online and have a web page which would enable people
of Fiji and people overseas to know about Gounders business solution. This development to
social media and online platforms can help gain customers therefore, the company goal is to
always be creative with whatever service offered.

Quality: the main aim is to provide quality service in which the CCTV camera is well
equipped when it comes to natural disasters or unforeseen weather conditions. This is quite a
motivational role for Mr. Gounder as he is new to business and has only 3 years of
experience. He will have to pursue good leadership styles to his employees to gain their trust.
Since he has worked with some good companies in Fiji it will boost his quality and
performance. The type of products and employees Mr. Gounder has will reflect the image of
his business. Therefore, quality products and skilled employees are needed to carry out high
quality CCTV installation.

12
Customers
Gounders Business Solutions is focused onto the Fijian market customers as for now. They
are looking for opportunities to interact with local customers.

● Residents
- Includes all houses and flats that need CCTV cameras installed in their
surroundings. The residents targeted are within the local range.

● Businesses
- Cope construction
- Telecommunications Fiji Limited (TFL)

13
Competition
Competition is vital in the 21st century, it is a critical factor in the effective operation of
markets. Allowing creativity, innovation, productivity and a broader choice and also enabling
customers to purchase the goods and services they want at the best price possible. Adding
value to the success globally. Businesses are competing every day to be the best or on the top.
Their main motive is to drive as many customers towards their products as possible. There
are times when some factors affect a business such as when they are located in a place
difficult for people to reach and all. As such Gounders Business Solutions despite being new
to the market has reached out to many people. However, when you have a business, you will
have lots of competitors and such the business also has competitors such as:
● DATEC
- Datec is a well-known IT solutions reseller, integrator and consultant. It
specializes in offering solutions and services similar to what Gounders
Business Solutions is. Datec has their business running all around the country
and is among one of the leading competitors for Gounders Business Solutions.

● Neotech
- Neotech is a solutions supplier for security systems and installation for
commercial and industrial properties around Suva.

● Virtualflex
- Another IT business that provides the same services as the above two
businesses all over Fiji.

As stated earlier, competition is vital and in order to move ahead and stand out a business
must continue providing the best services they can to their customer and as such Gounders
Business Solutions is ensuring to provide the best of their ability to its customers at all times.

14
Financial Reports

Profit & Loss Statement for the year ended 31 Dec 2019

Sales (Zero-rated) 1 Jan-30 May 2019 $ 26,110


Sales (Vatable) VEP 31 May-31st December 2019 $ 82,231
Total Sales $ 108,341

Less Operating Expenses


Bank charges $ 253
Business license $ 99
Data processing $ 519
Staff training expense $ 1,762
Motor vehicle fuel $ 1,947
Motor vehicle repair and main $ 2,845
Purchase of CCTV installation materials $ 82,034
Stationary, printing & postage $ 421
Staff jobsite meals $ 201
Telephone and internet $ 69
Travel & accommodation $ 271
uniform $ 310
wages $ 5,370
FNPF employer contribution $ 537
Total expenses $ 96,638

Operating profit (Loss) $ 11,703

Profit (Loss) before income tax $ 11,703


Source: Prashil Gounder, Gounders Business Solutions.

15
Conclusion
To conclude strategic planning is significant for any association to accomplish its short and
long haul objectives. Particularly, with the blast and busts of the worldwide economies over
the most recent couple of decades, it has gotten considerably increasingly significant for
organizations to execute their techniques cautiously. Avery significant piece of the system is
to prepare for any future changes and to be very much positioned to confront the difficulties
brought by these changes. This is the reason, system ought to be equipped for limiting the
dangers and boosting the open doors which are brought by the change. Through a committed
strategic plan, associations can get significant experiences on advertisement patterns,
purchaser fragments, just as item and administration contributions which may influence their
prosperity. A methodology that is focused on and well-planned to transform all deals and
showcasing endeavors into the most ideal results can assist with expanding productivity and
peace of the overall industry. A strategic plan assists with characterizing the bearing in which
an association must travel, and helps in building up sensible destinations and objectives that
are in accordance with the vision and mission diagrammed for it. A key arrangement offers a
truly necessary establishment from which an association can develop, assess its prosperity,
repay its representatives and set up limits for effective dynamic. Organizations need to
distribute resources for instance people, money, and land to realize key plans. Likewise,
moving people beginning with one gathering then onto the following or moving workplaces
beginning with one country then onto the following may be essential a portion of the time.
This part of advantages help affiliations recognize right resources for an immaculate spot
which is a key to the achievement of crucial masterminding. Strategic planning is vital for an
organization since it gives an ability to read a compass and blueprints quantifiable objectives.
Vital arranging is a device that is valuable for controlling everyday choices and furthermore
for assessing progress and changing methodologies when pushing ahead. So as to capitalize
on key arranging, your organization should give cautious thought to the vital destinations it
diagrams, and afterward back up these objectives with reasonable, altogether inquired about,
quantifiable benchmarks for assessing results.

16
Recommendation
For a small venture like Gounders Company Solution it is highly recommended that they
- Hire the relevant and experienced people who possess the right qualifications and
necessary traits for the roles they will play in the venture
- Strengthen their advertisement strategies so that more people recognize their work
and at the same time consider them. This implies exploring options like administering
their own online website where clients can directly contact them from the comfort of
their homes or creating social media accounts where they can also market their
services to the general public.
- The workers' safety and well- being are prioritized so that productivity increases and
they do not choose to leave the company to work somewhere else.
- Since all the five employees will be interacting with the clients directly, it is highly
recommended that they are well versed with communication skills at both verbal and
nonverbal levels.
- Have excellent customer oriented skills- Prioritize the customers’ needs and
requirements at all times to ensure that they are satisfied and henceforth recommend
Gounders Solutions to other potential clients.

Bibliography

17
Michael A. Hitt, R. D. I. R. R. H., 2009. Strategic Management Competitiveness &
Globalization. 9th ed. Mason,: South-Western Cengage Learning.

18

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