Milestone One
Milestone One
Milestone One
Second memo stated that product delivery date are not being met in the past few product
releases. Delay in product delivery will impact the customer base and it will be difficult to keep
the existing market share. Sales team need to get all the product delivery updates from the
manufacturing units. In order to solve this problem sales team members will check with
manufacturing unit on product availability against requested delivery date.
Last memo is about revised product enhancements. All the existing products need to be
reviewed and need to check the enhancement the product features in order to meet the customer
demands. Marketing team has to communicate with R&D department to check the enhancement
possibilities for the existing products. To increase market share, company has to focus on new
technology and features.
Stakeholders:
Stakeholders in the internal business process are groups within the business or people
who work directly within the business, such as employees and owners. Employees are most
important assets in the organization. A committed workforce helps a business to achieve its
objectives. Employees bring skills such as creativity and problem solving. Employees want to
earn high wages and keep their jobs. Team member roles will vary depending on the type of the
department and designation. Team members may be functional experts, technical architects,
business analysts, sales and marketing staff, quality assurance analysts, trainers, technical
support staff etc., Owners are the important stakeholders, who will decide what happens to the
business. They're the ones who make a profit if the business is successful. In a sole trader or a
partnership, they are the owners. In a limited company, they are the shareholders (investors).
Owners are interested in maximizing the profit the business makes. (Business Case Studies,
2015).
Key Stakeholders
The key Stakeholders in the BOLDFlash internal business process can be categorized
into specific groups such as Directors, R&D Managers, Sales Manager, Marketing Manager,
Technical Support Team and Customers.
Directors. They are responsible for introducing new ideas and implementing new reforms
to increase company productivity. Directors are involved in all major business decisions. The
main responsibility of small and large business executives (directors) is to run profitable
businesses and generate cash flow over the long term. Executive directors oversee the heads of
each department in a nonprofit, including marketing, fundraising, program development, HR
management and accounting. Executive directors can also oversee one or more lower-level
executives in larger organizations. Department leaders look to the director for strategic guidance
in their areas.
R&D Manager. Role as a manager in R&D department is responsible for leading the
processes of planning, coordinating, and implementing new product development, product
quality improvement, and cost reduction initiatives, while identifying new opportunities within
and beyond existing brands/categories. Manager acts as the single point of ownership for new
product projects and manages new products from idea / concept through commercialization using
a stage gate process. Collects, develops and refines product attributes and requirements with
input from relevant stakeholders (e.g., customer/consumers, internal experts, executives, etc.)
(Business Case Studies, 2015)
Sales Manager. Sales managers direct organization sales teams. They set sales goals,
analyze data, and develop training programs for organization sales representatives. Sales
manager resolve customer complaints regarding sales and service. Managers play crucial role in
preparing budgets and approve expenditures. They direct the distribution of goods and services
by assigning sales territories, setting sales goals, and establishing training programs for the
organizations sales representatives. Managers can drive profitability by increasing sales,
managing costs or a combination. (Basu, 2015).
Marketing Manager. The Marketing Manager plays a critical role in the sales process by
becoming the expert go-to resource for your assigned platforms and products. You are
responsible for working cross-functionally to provide the sales and integrated marketing teams
with answers to questions regarding ad feasibility and placements, new editorial initiatives and
changes to product. Managers often have to meet certain performance metrics, such as profit
margin, annual sales growth and return on investment.
Technical Support Team. Technical Support team are key stakeholders and their work will
definitely effect the organizational functioning as they are the persons who are going to resolve
the issues of the end users. So each and every person who is in the support should have a clear
idea on the functioning of the product and also its features. They have high impact on the
organization and the current communication strategies on the product information has to be
developed by training the technical support team in understanding the product clearly because
their communication strategies with the customers will have a high impact on the BoldFlash
organization.
Customers. The present communication channels that exists inside of the BoldFlash will
have a high effect on the customers on account of they must utilize the new product. The
specialized support team and the marketing group communications will have an immediate
effect on the customers. Their arrangements must support the customer in utilizing the item. In
the event that the clients address their issues then they will likewise get the item more
introduction. They will be speaking with the specialized support staff for help with any issues
they are facing.
Established Practices:
Different types of communication channels must be used for different departments and also
they have to be trained in the same perspective as the communications within the organization
between the teams and their management and also the communication with the customers will
affect the product purchase and development in the market.
Established communication practices in BOLDFlash Corporation, which are useful to improve
stakeholder communication are:
Meetings. Meetings are a typical every day event in project management, Its an open door
for the undertaking director to guarantee the task stays on track and a period to make up for lost
time with advancement or addition a 'temperature check' of the present status. It's a chance to
flex those behavioral abilities driving, persuading, impacting and arranging among other.
(Scott, 2011). It is the best way to know all the developments, updates, processes etc., within the
organization. Meetings act as a platform for the team members to share their ideas, problems,
feedback etc., with their managers and directors.
Blog. Blogging is a powerful way to promote your organization. A blog of the new product
that is to be released will be a good idea as all the employees and end users can write their ideas
and suggestions in the blog.
Weekly Status reports. A weekly status report enables managers to track their employees
performance and progress at all levels. Typically managers (or directors) don't have room
schedule-wise to converse with each employee about every week after week undertaking in point
of interest because of time lack. Therefore, composed week after week reports are a proficient
approach to communicate all projects, tasks and progresses amid a week. This way entry-level
employees can exhibit their execution and advancement to the middle management that can
forward those reports to their directors. There are a few essentials however to make week after
week reports productive: It must be conveyed in a convenient way, must be clear and brief. It
must be in a configuration that is instructive, clear and genuine.
Performance review. Performance reviews are a key component of employee
development. The performance review is intended to be a fair and balanced assessment of an
employees performance.
Presentations. Presentations are one of the best communication practices to share
the developments, observed operations, issues (to fix) etc., with other stakeholders. This
training approach can be implemented effectively. Presenting all the new
guidelines and communication framework (which is created) will help the
management to understand new guidelines and framework (channels of
communication).
Emails. This is one way communication and easy way to send all the necessary
information to the respective team members. Hard copy brochures, newsletters, project status,
reports etc., can be exchanged between the key stakeholders.
Feedback. Analyzing customer feedback for more enhancements to existing products.
This is the key to identify possible enhancements. The feedback report acts as a catalyst for
innovating new technologies and products in order to increase product features.
Framework for communication:
Recommended framework for planning and communicating with the stakeholders in the
internal business process are listed below:
References
Basu, C. (2015). Managers Responsibilities. Retrieved from http://smallbusiness.chron.com/:
http://smallbusiness.chron.com/managers-responsibilities-stakeholders-37999.html
Binney, D. (2015). The new business process design agenda. Retrieved from
www.ceoforum.com: http://www.ceoforum.com.au/article-detail.cfm?
cid=6347&t=/Derek-Binney-CSC-Australia/From-operations-to-strategy-the-newbusiness-process-design-agenda
Business Case Studies. (2015). Stakeholders. Retrieved from http://businesscasestudies.co.uk/:
http://businesscasestudies.co.uk/bt/stakeholders-as-partners/internalstakeholders.html#axzz3aoPbsY2W
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Phil Rabinowitz. (2010). Promoting internal communication. Retrieved from Community Tool
Box: http://ctb.ku.edu/en/table-of-contents/leadership/effective-manager/internalcommunication/main
PWC. (2015, May). Innovation strategy. Retrieved from PricewaterhouseCoopers:
http://www.strategyand.pwc.com/global/home/what_we_do/services/innovation/serviceareas/innovation-strategy
Richards, L. (2015). Effective Communication in Organizations. Retrieved from
http://smallbusiness.chron.com/: http://smallbusiness.chron.com/effectivecommunication-organizations-involve-713.html
Scott, L. (2011). The Importance of (Project) Meetings. Retrieved from arraspeople:
http://www.arraspeople.co.uk/camel-blog/projectmanagement/the-importance-of-projectmeetings-%e2%80%93-termination/#ixzz3bPVEu4Kj