The Business Action And The Intrapreneurship Plan - 1650 Words

The Business Action And The Intrapreneurship Plan (Essay Sample) Content: Intrapreneurship PlanStudents NameUniversity/CollegeThe business action is an innovative idea as it leads to changes in the organization. Specifically, it deals with the improvement of the production process, increasing the output of the organization. The company is a manufacturing plant and relies on plant processes. It deals with the production of plastic bottles that are used for packaging of liquids and juices. In this regard, the process is made efficient by using new machinery to improve outputs while minimizing inputs in regards to the personnel required and raw materials for the production process CITATION Dav11 \l 1033 (Chaffey, 2011).Technological innovations have meant that it is possible for an organization to make improvements by using new technology. This will involve the purchase of new equipment and upgrades to the current equipment. All the personnel will also play a role as they have to work together to maximize the use of the new technologies. Inde ed, the new plan will involve production processes that are much cheaper and more productive. This will improve the output of the organization, and enhance the quality of the products CITATION Dav10 \l 1033 (Anderson, 2010).Return on investment (ROI).The return on investment (ROI) is a financial ratio that details the profits that the business will achieve in a year as a percentage of the financial ratio. The idea will allow the company to generate additional profits, as it will lead to an increase in productivity while lowering the costs of production. The ROI is quite high if the company effectively utilizes the investment and achieves gains. This is a long-term investment. For instance, the company can be expected to get a profit of about $50,000 based on the investments. CITATION Dav11 \l 1033 (Chaffey, 2011) The investment costs about $30,000. In this regard, the annual percentage ROI will be about 67%. This means that the company will remain profitable. Technology investment s are essential to maximize the returns and minimize personnel costs. The extra personnel can be allocated to other sectors of the organization once the new equipment is in place. The technologies would also lead to increased and new revenue streams. The company can begin to produce bottles for other purposes besides these that are used for packaging juices. CITATION Dav10 \l 1033 (Anderson, 2010) For instance, it can begin the manufacture of bottles that are used for packaging of chemicals and cosmetic products. This will increase the profitability of the organization.Resource neededThe plan is heavily reliant on finances, machinery and human resources. The financial resources will prove essential in supporting the new business action plan. The financial resources will be used in the purchase of new machinery and ensuring that the plan has the required personnel to ensure its success. These resources should meet the needs of the organization. These resources should be sufficient C ITATION Dav11 \l 1033 (Chaffey, 2011). The management has to provide these resources for the long term, and all stakeholders should use them efficiently.The machinery is also a resource required for the new plan. This entails purchase of new machinery that is efficient, faster, and more productive. Essentially, it leads to higher productivity in the manufacturing company. The machinery will introduce new processes in the organization. This machinery will be used in the production of bottles that will be used for packaging the juices produced by the company. They will be of higher quality, and will be more appealing to the consumers. This would be essential for the products to be attractive in the market CITATION Dav11 \l 1033 (Chaffey, 2011). There are many competitors in the industry. The best strategy would entail coming up with products that are better than what the competitors are offering. They should also be cheaper while still maintaining high quality.The human resources ar e essential to ensure the success of the plan. This will involve improving the skill set among the current employees. This will ensure that they can operate the new machinery and make repairs and adjustments when necessary. The human resources will prove beneficial in ensuring that the machinery and financial resources are used as expected and that the expected benefits arise CITATION Dav10 \l 1033 (Anderson, 2010). The current personnel can be engaged through training to inform them on how to use the new machinery. In the end, the company will begin to gain from the intrapreneurship plan.Interdepartmental relationshipsIt is imperative to encourage interdepartmental relationships to ensure the effectiveness of the plan. The various departments should work together to ensure the effectiveness of the plan. The departments that play a role in this context include the human resource department, production department, finance department, and the high-level management in the organization . All these departments are linked together. The human resource department will be involved in providing the necessary personnel to ensure the success of the plan. The finance department will be involved in financing the new plan. The high-level management will be involved in making decisions that apply to the ensure organization. The production department is involved in the manufacture and modeling of the bottles CITATION Dav11 \l 1033 (Chaffey, 2011). Indeed, the...