Business plan
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Business Plan Sample 4
Strengths
As commented before, the company has been operating in the market since 2013. In this period, they have been working with highly reputed partners, which include among others, the SAP Ceolins Professional Edition Partnership, and Certified Associate Partnership as trainer of SAP ERP S/4 HANA Simulation Game by Bolton Simulations. They pride themselves of delivering solutions which best suit their clients’ requirements, state-of-the-art proposals that streamline processes within different industries attaining schedules and budgets. Besides, t he UK’s consulting industry, including IT consultants, grew by 7% in 2018 to breach the £10 billion mark for the first time. Figure 7. Number of employees in IT services (Thousands). Source: Statista, 2019 483 558 574 607 640 674 712 733 2011 2012 2013 2014 2015 2016 2017 2018 Figure 7 displays IT, software and computer services economy employment in the United Kingdom (UK) from 2011 to 2018. In 2018, 733 thousand people were employed in jobs in the IT, software and computer services sub-sector of the UK's creative industries. This figure increased from 712 thousand people employed in the sector in 2017. XXX LTD 20 Figure 8. IT industry GVA in UK from 2010-2017. Source: Statista, 2019 Also, the company is going to deploy a new and tested product to improve significantly processes, systems and people structure within the organisation. The technology will be licenced from a German company and will include post service after implementation. Finally, as long as the company has closed tied to other geographical areas, such as India, they will in the position to offer competitive rates by hiring freelancers in India, whose daily rate are 60% lower than those in UK. This will enable them to provide a competitive proposal while guaranteeing the quality of service. 0. 5. 10. 15. 20. 25. 30. 35. 40. 45. 2010 2011 2012 2013 2014 2015 2016 2017 Figure 8 shows the gross value added (GVA) of the IT, software and computer services industry in the United Kingdom (UK) from 2010 to 2017. In 2017, gross value added was nearly 41 billion British pounds. Therefore, as reflected before, the sector is experiencing a significant growth being one of the most remarkable segments within the consulting industry. XXX LTD 21 Weaknesses As many companies which start a new business, there is a lack of brand awareness in the case of a new startup or lack of product awareness when launching a new unit of business as the case. As the company has been operating in the last seven years, it could use its network to promote the product and prove its effectiveness. Also, member of the team holds an outstanding technical experience but lack sales and marketing expertise. As, it will be commented in the 4Ps strategy, there are different resources to be deployed to mitigate this weakness. Finally, there are string brands outside there providing the same services, basically the big four and Accenture which is more focused on technology than the others. The company is not going to compete directly with them adopting a strategy to target those segments and companies that cannot afford the huge fees of these big consulting firms. Opportunities The company will start the operations in London and Midlands and after to the whole country. However, they will be the chance of expansion to other countries and even continent. Besides, initially they will attend subsegments such as financial services, banks, retail, automotive and public sector but they could scale up to other sectors because the product can be deployed in multiple industries. XXX LTD 22 Other complementary services could be delivered to improve the customer experience and increase revenues, such as maintenance of systems, regular analysis of the performance and constants reviews. These services contribute to carve out loyalty and engagement with the clients. Finally, and regarding the potential clients, those market that are mature and with fierce competition or pricing war, are the best ones for the companies as the players will tend to reduce costs by improving processes and systems. Download 0.74 Mb. Do'stlaringiz bilan baham: |
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