Subject Code : NIT3274
Assignment Task:

1. Business plan:

Introduction Different World is Australian Multinational Hardware Company that develops, sells and repairs computer related hardware products. It is a company with the brand name “Different World”. The company was named with the intention of inventing new devices for creative world. The founder of the company is Mr. Kwon Shrestha and has the 500-people working in the company.  
Different World sells personal computers (PCs), Routers, Data storage devices and printers. The company is more based on the desktop. However, the company has started to manufacture laptops since last year. The company focuses on delivering individual PCs configured to customer specifications. To reduce the delay, the company has started selling the products online and meet the customer’s requirement.  
 
2. Mission & Vision:

As being the emerging hardware company in the market, its mission statement is “To be the best hardware company in the world by providing best customer experience in the market and meet customers’ expectations of the highest quality”.  
The statement of the company meets the following criteria: 


1. Best customer experience: as the main component of the mission, all the hardware products produced  in the company will go through several test and quality measurement before providing to the  customers. Every design of the company will go through the ascertain check so that it could meet minimum expected standards.

2. Exceed expectations: With the customers need and the technological development the products will be  upgraded as per need so the expectation could be meet at their highest point. Therefore, the company will implement different innovative practical and tests. 


Vision Statement 
The statement of the company vision states that” The path and the way we do our business will always be to  fulfill customer’s satisfaction and stand as the most successful hardware company in the world. The  company outlines all practices that demonstrate it be a leading company. Hence, the company creates  healthy relationship with all the stakeholders of the company. 

Difficulties and problems: Biggest Risk

1. Human risk: This factor makes the great influence in the whole company and is the greatest factor for change. Different World has the human risk as - Human Theft - Fraud

2. Legal Issues: This Company has been a well-registered company according to the Law of Australian Taxation office, however all the legal documents like Privacy Laws, Content Ownership, IP & Copyright Infringement, HR Issues must be updated to minimize the risk.

3. Security Concerns: Nowadays IT related problems like cybercrimes and the cyber security issues is the main problem for the company. Therefore, the Different World has the biggest risk from the hacking and data loss.  

4. Operational risk: The problems which are uncertain in the company and might impact the day-to-day operation. The Different World has the risk from such problems hence the company must well prepared for the overcome.  Return on Investment: due to above from occurring

5. Financial risk: The finance sector runs the whole business of this company so the company must be acknowledged of the inflow and outflow of the money.  

 

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  • Posted on : February 06th, 2019

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