Wednesday, May 6, 2020
Promote Team Effectiveness And Planning Process Ã¢â¬ Free Samples
Question: Discuss about the Promote Team Effectiveness And Planning Process. Answer: Detailed performance plan: Action 1 Action 2 Action 3 Description Increasing market share by diversifying product range Reducing distribution costs Increasing profit margin Dependencies Marketing strategy, competitors position and an appropriate selection of diversified products Distribution network, Supply chain and suppliers availability Product costs, controlling administrative cost, controlling of distribution costs Timeline 2 to 3 years 6 months to 1 year 6 months to 1 year Responsibility Management decision and upper level management and CEO Distribution and marketing manager Finance manager Resources Establishing suppliers relation, developing marketing strategy for attracting customers and forming appropriate list of portfolio of products are the resources required by Apparel Pty Ltd. Appointment of low cost distribution and suppliers. Line of business reporting from major corporations, adoption of proper costing system intending to reduce products costing are required (Joshi and Knight 2015). Strategy formulation for determining products cost, removing unprofitable products, finding new customers, reviewing of pricing structure, increasing conversion rate, reducing overall direct costs, reducing inventory and overheads (Pangil and Moi 2014). Review date 2-3 months 3-4 months 6-7 months Measurement: KPI; Outcome Increasing revenue, increasing total sales unit and total number of customers visiting websites of company (Zhang et al. 2015). Overhead costs, total distribution cost, distribution cost as percentage to revenue. Operating profit margin and net profit margin. Team policy and procedures: For ensuring that each team members has input in the planning process is focusing in more critical rule of thumb for the growth in current scenario that is acquisition of customers. Team members should be capable of thinking faster that would help in addressing quality customers (Wang et al. 2014). The planning process and policies for introducing new brand is determination of hours of operations, store policies, security policies, customer service policies, arrangement of website developers. Team members should have the goal of focusing on delivering quality-clothing products to customers. A well-rounded approach that will help them in solving the digital marketing challenges when launching their brand (Kozlowski et al. 2015). Training employees of Apparel brand Pty limited along with making then acquainted with measures for enabling them to increase profit margins and reduce costs. Necessary training session should be provided for assisting employees in meeting upcoming goals. Team members should be made acquainted with several consensus techniques that will help in enhancing team decision making. Management of Apparel Brand Pty Ltd for encouraging and ensuring participation should take efforts. Multi voting, involving team in solution development, pinpointing priorities are some of the strategies for gaining consensus among team (Driedonks et al. 2014). Notes from team meeting: The team meeting discusses about the strategy and policies required for launching new products and leveraging opportunities of e commerce. For leveraging the opportunities of e commence, employees are explained the importance of the online marketing (Hu and Liden 2015). Efforts needed to promote the business online have been the focus of the meeting. Status of organization relating to reducing costs and increasing profits have been the main agenda of meeting. Feasibility of the plan has been discussed. Third party reports: Assessment 1-Third party report for candidate Did the candidate propose and agree on strategies for ensuring participation of team members? Y/N Yes, candidate has proposed and agreed on strategies for ensuring team members participation as the training session of Apparel Brand Pty Ltd would provide motivation and encourage them to participate in the decision making process. Did the candidate help develop policy and procedures to ensure team members take responsibility for own work? Y/N Yes, candidate helped in policy development so that team member takes up his or her own responsibility. Candidates engaged in having one to one conversation with individual employees. Employees were able to remove their hesitation in embracing new scenario and culture for organization. Did the candidate work with group to determine common understanding of organizational requirement and team goals? Y/N Yes, the team members were able to create a common ground for understanding of requirement of organization. Active involvement and elaborative discussion on strategies of organization to gain customer acquisition helped employees to understand business requirement. Did the candidate work with group to determine and agree on specific duties to support team members with assigned responsibilities? The support duties of candidate are to help team members to make them comfortable in adopting new ways of making customers and ensuring focus on continuous and learning improvement. Candidate was also assigned with the duty of gap identification in process and performance of team. Holding on each team member responsible for the team core task is another duty that candidate was assigned. Did the candidate demonstrate knowledge of group behavior and how to gain consensus and work within groups to enhance team effectiveness? The demonstration of knowledge in the interactions within the team is done by appraising contradictory statements and lessons about elimination of unfairness within team members are demonstrated. Team members/Observer name: Signature and date: Candidate name: Signature and date: Proposal for setting up an online business: Value propositions: Customers will be offered a portfolio of diversified range of retail brands of footwear and clothing. The apparel brand e commerce platform will have an online catalogue with a twist that will market footwear as well as fashionable clothes. Categorization of products is done based on purpose that will impress purchasers and they will be provided with fashionable jeans and dresses (Santos et al. 2015). Sporty clothing is another range of diversified product offered by company. Products price will be reasonable and availability of diversified products will help customers in choosing products of their choice. Target market: The target market of apparel brand will be youth and middle-aged women who prefer stylish and affordable clothing and footwear. Ways of gathering necessity information for setting up venture: Apparel brand can gain access to information for setting up e commerce venture by conducting research about the process of starting venture (Peralta et al. 2015). They can hire consultation services that will help in gathering of information and the several pre requisites of setting up business. Networking and consultation to benefits from other expertise: Development of e commerce websites requires experts from different fields such as engineering and technology. Other expertise that will be benefitted to the company is digital marketing, website development and hosting, network security, purchase specialist officers. Steps for setting up e commerce venture: For setting up e commerce venture, Apparel brand is required to follow steps about domain of e commerce websites, selecting the right platform, designing the store, setting up the payment system, adding the products, testing the checkout and looking for search engine optimization. Determining benefits of apparel brands: With the initiation of e commerce platform, Apparel brand will be benefitting itself as well as consumers by selling goods directly. There will be bigger pool of customers and supplying goods on demand. Online shoppers will be able to build strong social relationship with company that helps them in engaging with fashion brands (Guchait et al. 2016). Cost determination: Determination of costs for setting up e commerce business is required to consider factors that influence business expenses. It is required by Apparel brand to consider cost of capital or equipment costs concerning startup capital, franchisee business, and computer software and security system. Other costing factors are related to license and permits, internet connection, conducting market research (Joshi and Knight 2015). References: Driedonks, B.A., Gevers, J.M. and van Weele, A.J., 2014. Success factors for sourcing teams: How to foster sourcing team effectiveness. European Management Journal, 32(2), pp.288-304. Guchait, P., Lei, P. and Tews, M.J., 2016. Making teamwork work: Team knowledge for team effectiveness. The Journal of psychology, 150(3), pp.300-317. Hu, J. and Liden, R.C., 2015. Making a difference in the teamwork: Linking team prosocial motivation to team processes and effectiveness. Academy of Management Journal, 58(4), pp.1102-1127. Joshi, A. and Knight, A.P., 2015. Who defers to whom and why? Dual pathways linking demographic differences and dyadic deference to team effectiveness. Academy of Management Journal, 58(1), pp.59-84. Kozlowski, S.W., Grand, J.A., Baard, S.K. and Pearce, M., 2015. Teams, teamwork, and team effectiveness: Implications for human systems integration. The handbook of human systems integration, pp.535-552 Pangil, F. and Moi Chan, J., 2014. The mediating effect of knowledge sharing on the relationship between trust and virtual team effectiveness. Journal of Knowledge Management, 18(1), pp.92-106. Santos, J.P., Caetano, A. and Tavares, S.M., 2015. Is training leaders in functional leadership a useful tool for improving the performance of leadership functions and team effectiveness?. The Leadership Quarterly, 26(3), pp.470-484. Wang, D., Waldman, D.A. and Zhang, Z., 2014. A meta-analysis of shared leadership and team effectiveness. Journal of applied psychology, 99(2), p.181. Zhang, X.A., Li, N., Ullrich, J. and Van Dick, R., 2015. Getting everyone on boards on top management team effectiveness and leader-rated firm performance:: The effect of differentiated transformational leadership by CEO. Journal of Management, 41(7), pp.1898-1933.