Choose an organization, publicly or privately held, profit or nonprofit and prov
ID: 376714 • Letter: C
Question
Choose an organization, publicly or privately held, profit or nonprofit and provide a financial analysis of past and current operations.
1.) Provide a brief history of the organization and explain its Mission and Vision.
2.) Analyze and identify the type of management style(s) that is(are) implemented in the organization and gauge their effectiveness by using the assessment techniques you’ve learned in class.
3.) Give an overall view of the market analysis of the firm.
4.) Implement SWOT analysis and use the Boston Consulting Group Matrix for its Strategic Business Units, if applicable.
5.) Determine a strategy for the organization, make your recommendation then explain your decision and be prepared to defend.
Please ensure each question is in full paragraphs and not just one or two sentence. This is for a Principles of Management Class. Thank you!
Explanation / Answer
The organisation I was chosen is the privately held profit making organisation, which is providing the financial services to the customers.
History: The organisation is started in year 2004 by the four peoples that were Mr. Lakshmikant Sharma, Miss. Reena Temle, Mr. Swapnil Prajapati, and Mr. Mohit Chhapparwala. This is an advisory services provider company. They have started the business in one shop in the city of State of India. Now company have the several departments for the processing. Company has now the systematic way as they follow the centralised structure. They were doing business by their own now company has grown as their turn over is around $ 100,000 monthly from $ 2000. They are the leading service provider in field of advisory. They have the employee base as 250 employees approximately.
Vision: The vision of the company is that they want to provide a support through research in the market to the ordinary people.
Mission: Mission of the company is to create Investors who are professional in market.
Type of management style:
They follow the management style which is friendlier in nature. They follow the Participative management style. In this style every company employee has to input to their manager at the end of the day. The decision-making power of the individual would be enhancing when he participates. They motivate the team by team efforts. The management style is effective as because of the following reasons:
Market Analysis of the Firm:
The market analysis of the firm is done on the basis of following factors:
SWOT Analysis
Strength:
Weakness:
Opportunity:
Threat:
Strategy for the organization
The organizational strategy is only to provide the services to the customer in the efficient way. But I would like to suggest that they should follow some services pricing mix strategy to enhance the business. As the service pricing mix strategy deals with the enhancing the services pricing with the help of the various services they provide. They should offer the service on the below the starting point some times when it is the off season or when the market is down. So, the customer would take part in the availing the services.