Designing Business Models Creating and Capturing

Question: Discuss about the Designing Business Models : Creating and Capturing. Answer: Introduction: Quality training has been operating as are registered training organization for past 1 year. In the following business plan, the objectives, missions, strategies and plans of the company to raise its productivity and revenue has been analysed. It is quite important for a particular business plan to maintain some vital attributes in it. The strengths and weakness of the business plan for quality training are discussed in this report. Strengths The executive summary of the plan has all the details regarding the product, concept, financial features, requirements, current position of the organization. The objective of the plan is clearly defined for the organization. It helps in portraying a clear view of the plan. The mission of the plan is quite efficiently framed by keeping the purpose, vision, mission and marketing slogan for the business plan. The key to success factors are stated in the plan which provides a brief view of how the company would increase its market share. Company structure is described in a descriptive manner, which helps in getting a clear view of the structural framework of the organization. The competitive analysis is one of the most vital part of the business plan which is framed very descriptively in the plan. It has been followed by the swot analysis and the strategies that have been framed by the organization to overcome the weaknesses, analyse the threats, use the strengths and utilise the opportunities. The market analysis of the business plan has provided a clear image of how the distribution of the organization would be framed. The analysis is quite strong as it has all the sections including the trends, strategies and materials. Weaknesses The executive summary does not enlisted the major achievements that have been undertaken by the organization. The objective of the plan has been framed for a short period of the business of two years only. The key to success factors are not explained briefly. The training courses and services that are organized by the company are not briefly described in the business plan. Hence it does not provide a clear view if the kind if services provided by the organization. The pricing strategy of the organization is quite weak, as there are no pricing strategies described or undertaken. The business plan misses the financial plan, which does not incorporate in any account balance sheets and cash flows that would help the organization for further projections. There is no initial budget used in the program. The business plan misses the funding and starts ups to be used in the initial stage, income flow statements for the initial months and years. This makes the plan quite weak in nature. The strengths and weaknesses analysed in this report regarding the business plan of quality analyst helps in portraying the overview of the organization future projections. This business plan is moderate in nature because it lacks financial and pricing analysis. It should be improved more, thereby helping to render funding from various sources. Automotive Repair Sales Valet Business Plan An automotive repair sale is a company that is owned by Mad Keen Motors in London. The company has been able to spread its business in five locations of London, thereby spreading their market share in the city. The business plan for the organization that has been framed would be analysed in this report, thereby analysing its strengths and weaknesses. Strengths The mission statement of the organization fulfils the need of framing the future objective of the company. This helps in portraying a brief idea of the organization of what it wants in future. The key to success factors are well stated along with the objectives of the organization. It helps in stating the opinions which mad keen motors hold for their future business. The company summary analysis provides a clear view regarding the companys history and past years balance sheets which helps in getting a view of how the company has performed in its past records. The market analysis of the business plan is quite strong as it has analysed the segmentation, targeting and positioning strategy very clearly. This framework provides a clear analysis of how the organization has attempted to perform in the market by stating clear strategies. The market analysis includes milestones which are very important part of the business plan. The business plan has an additional web plan strategy. This is quite an effective part of the business by being in the era of digital marketing. These strategies would help in improvising the current market share of the organization, thereby promoting the company more than its competitors. The financial plan that has been projected by the organization in its business plan is quite clear, which states its future takeovers, funding and initial investments to be made. Their revenue sales and profits to be generated in future has been forecasted, thereby providing a vivid image of how the market aims at functioning in future. The company has a strategically framed contingency plan, which is quite important for any business plan. It helps in analysing the organization would handle the risks associated with business. Weaknesses The executive summary of the business plan misses the financial features, requirements, and does not focus on the target customers. The product analysis of the business is quite weak in nature, it does not describe the products or services being offered by the organization. It is quite important for the people to understand the most vital part of the company, its products. The business plan lacks a competitive analysis which is a notion of the weak plans. A competitive analysis helps in acknowledging the threats that prevail in the market with respect to the competitors. These competitors would thereby decide upon the market share of the referred company. It is a vital segment of the plan. The strengths and weaknesses analysed in the business plan has been quite effective in analysing the status of the plan of mad keen motors. The business plan is relatively stronger plan, as it has utilised all the essential elements of a plan except the competitive analysis. References Crowley, C., Michiels, S. and Joosen, W., 2012, October. Show me the money The importance of network effects for mobile application business models. InIntelligence in Next Generation Networks (ICIN), 2012 16th International Conference on(pp. 164-170). IEEE. Gavinelli, L., 2016. 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