Writing a business plan can be a daunting task, especially when it comes to the complex and everchanging world of quad play. Quad play refers to the offering of four services - internet, television, phone, and wireless - by a single provider. With the rise of technology and consumer demand for bundled services, quad play has become a popular business strategy for many companies.
However, with the combination of four different services, the cost and planning involved can be overwhelming. That's where strategic costing and business planning come in. These two crucial elements are essential for the success of any quad play business.
Strategic Costing
Strategic costing involves carefully analyzing and estimating the costs involved in providing quad play services. This includes the cost of equipment, infrastructure, and personnel, as well as any potential risks and contingencies. It is important to accurately determine these costs in order to set competitive prices and ensure profitability.
One of the biggest challenges in strategic costing for quad play is the constantly evolving technology and market trends. Providers must stay up-to-date with the latest developments and anticipate any potential changes in order to accurately assess costs. This requires extensive research and analysis, which can be time-consuming and complex.
Business Planning
Business planning is the process of setting goals and developing strategies to achieve them. In the case of quad play, this involves creating a comprehensive plan for offering and marketing the bundled services. This includes identifying target markets, developing pricing strategies, and forecasting potential revenue and expenses.
Business planning for quad play also involves considering the competition and differentiating the services offered. With the increasing number of providers offering quad play, it is crucial to stand out and offer unique value to customers.
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The organization is required to sell the right product to the right customer at the right time for the right price (cost), thereby maximizing revenue from its products. When you select a hamburger fastfood chain, you also had the option of substitutes such as getting food at the grocery or going to a pizza place. What are the critical dimensions of business modeling. Having identified the four dimensions of change management, we adapted the Performance Cycle ( Figure 5 ). Easy adaptations and fine-tuning are implemented directly, but larger alterations can be tried as experiments and pilots on a small-scale basis, or postponed until they fit the next strategic orientation. 4.5. Strategy Scan The first step in drafting a roadmap towards sustainable performance improvement and organisation development is finding out one’s position: what are the current constraints, challenges and risks; what are the dominant value systems within the organisation. Elewa Business, Economics ????? ???????? 2019 The study aims to investigate the effect of Strategic Cost Management (SCM) tools on the financial performance of public-private partnership PPP projects. These results to increase of ROA (return on assets) ratio hence increase in profitability. Whenever an organisation fails to meet this flow it jeopardizes its existence. Problem 2 (Preparing a Cost of Quality Report) The Adoracion Company. Problem 9 (Applying TQM in Manufacturing versus Administration) The ability of TQM to deliver cost savings and performance enhancements. Having successfully created supporting structures and gained employees’ dedication and trust, companies intend to expect creative and adaptive achievements, which ought to meet the customers’ perceptions, etcetera. 3.2. Prioritising Interventions A second argument supporting balance is the fact that all four quadrants, and all 32 basic interventions are important, but not at the same time. Inflation occurs when the cost of living continues to rise, eroding the purchasing power of money. Taken from a risk perspective, having invested in improving creativity the largest risk is developing new products the market doesn’t want It’s intended to serve as a concise way to show how the parts of an organization’s strategy fit together. Hence, it does not confine its concerns and objectives only to the costs, but it also consider revenue, productivity, customer value, and at the same time the strategic position of the organization. Get in touch with your inner creative with our downloadable resources. Causes of these costs are to be also carefully studied. Some organizational managements often refer to cost cutting as the cost management. Ia menganalisa dan mengidentifikasi cost driver mana yang paling sesuai. Fixed service providers offer households all-you-can-eat subscriptions, but mobile operators often charge individuals based on usage. We have an entire team of experts who can work on your custom presentation. For some service providers, interest in quad-play bundles is likely to go beyond a desire to lessen inter-operator churn. These cookies do not store any personal information Both nonprofit and for-profit organizations compete for customers’ resources Try to find out and apply best practices, work smarter and excel in what needs to be done. Unlike goals, tasks should take only a few days or weeks to complete. The feedback report gives an insight into shared opinions, priorities and most important differences among the responders. What customer receives includes such things as product functionality (features), product quality, reliability of the delivery, delivery response time, image, and reputation. Organisations demonstrating Community and Synergy learn from one other, theoretically spoken they exchange intellectual assets with stakeholder inside (employees) and outside (customers, neighbourhood, etc). Both profit and nonprofit organizations have mission statements, which they often publicize.
Like dual-play and triple-play predecessors, the quad-play bundle is a calculated effort on the part of service providers to reduce churn, increase revenue, and claim greater market share. Nonconformance costs, however, decrease at a much faster. Setelah biaya dari masing-masing aktifitas dan penyebabnya diketahui activity cost drivers dapat digunakan untuk menentukan produk yang mana mengkonsumsi aktifitas. However, with an increasing share of the market, quad-play bundles cannot be ignored. The best suggestion however would be to focus first on Efficiency and implement all improvement that will have impact within short notice. At its core, the choice of structure will determine the bundle’s ability to price differentiate among customers, reducing threats such as cannibalization or product substitution, and achieve economies of scale. In trying to bridge the performance gap, organisations often need intermediate goals. Hence, it does not confine its concerns and objectives only to the costs, but it also consider revenue, productivity, customer value, and at the same time the strategic position of the organization. Activity Based Costing The Key to World Class Performance. This solution-focused process looks at what works and what should improve, and also encourages you to explore opportunities you didn’t realize existed. Keunggulan dalam hal biaya adalah strategi bisnis untuk menghasilkan keunggulan kompetitif. Many aspects can play a role and not all of them can be foreseen. More Flexibility will lift the fear for bureaucracies and Effectiveness soon turns hobbyism into successful marketing and sales campaigns. Since these early bundles, the landscape in both fixed and mobile markets has been transformed by the proliferation of smartphones, increasing product substitution with over-the-top (OTT) content delivery options, and operator consolidation. There is no need to worry because you can find in-depth information about cost estimation, baselines and milestone decomposition in the following articles. Cost management is normally built on the both cost accounting and management accounting and assumes knowledge of both. In this step, we use strategy maps and similar techniques to articulate strategy. Kajuter Business 2000 13 Citations Highly Influential Add to Library Alert 14 Excerpts Competitive advantage: creating and sustaining superior performance: with a new introduction M. Understand its significance by exploring the explanations offered by these articles. For example, suppose you are opening up a new factory because you cannot keep up with the demand for your products. Rummel Political Science 1949 27 Citations Highly Influential Add to Library Alert 9 Excerpts Cost Management: A Strategic Emphasis E. It ensures that all key stakeholders are on the same page, rather than struggling (perhaps inadvertently) against one another. The appendix includes the full matrix of ideal type interventions Keep asking yourself, “What needs to happen before we can take this next step?” For example, a goal of “upgrade aging equipment” could be broken down into individual tasks like “research suppliers,” “make appointments with reps at the next expo” and “purchase equipment ” Assign a responsible party to each task, set deadlines for completion, and create accountability. These results to increase of ROA (return on assets) ratio hence increase in profitability. Ultimately, decisions are to be made in the organization to drive profitability. Strategic cost management is sometimes thought that it is all about cost reduction. Traditional cost management and strategic cost management Change is environment connected with the organization cannot be avoided. Strategic Change Agenda is a powerful tool that helps organize the insights of strategic analysis and convert them into contextual goals on the strategy map. Companies in Order cannot survive when they maintain their focus strictly on Efficiency.
The Strategy Scan supports the strategy dialogue and gives an insight into your organisation’s strategic positioning and context within which the strategy ought to be executed. Threats might include a bad economy, high interest rates that increase a firm’s borrowing costs, and an aging population that makes it hard for the business to find workers. Hispanics are the fastest-growing minority in the United States. All entities-including organizations-will eventually have to meet the challenges their situation provides or risk the danger of oblivion or even extinction. Read-up on the following articles that give good guidance on how to go about these important steps in project budgeting and costing. Strategic cost management tends to be an integrated, proactive part of the strategic management aimed at satisfying all key stake-holders. The strategic planning process makes it clear when to spend and when to pass. Firms also offered customers incentives (free shipping, free gift cards with purchase, rebates, etc.) to purchase their goods and services online, which allowed businesses to cut back on the personnel needed to staff their brick-and-mortar stores. Each level of existence-constructed around such a core value system-provides its own hierarchy of needs. All employee arguments can be counted and represented in Figure 3. Acct 310 Professor Rick S. Hayes, Ph.D., CPA. MicroMash CPE Course Example. Consumers who can afford luxury goods may continue to buy them, while consumers with lower in comes tend to become more value conscious. The performance cycle suggests various ways to check the impact of the implementation process. There are numerous project budgeting and costing tools, techniques and methodologies that make identifying, estimating, and monitoring easier to tackle and accomplish. Based on extensive empirical research Graves, who was professor in psychology and a contemporary of Maslow, concluded that mankind has gradually developed eight core value systems so far. The three dimensional cost management strategies are applied in all the activities of the organization. From Leadership to Communityship: The Heart, the Heat, and the Harmony of Goo. Strategic orientations (phases) as well as levels of existence (contexts) brighten and dim as responses to changing environmental circumstances and internal considerations, such as organizational structures and intrinsic motivations. The detection of a performance gap slows down the development of slack by stimulating innovation and creativity. Key Performance Indicators (KPIs) are the specific metrics you’ll track to determine progress on goals. Nonetheless, cost management is not cost accounting. Cost management is normally built on the both cost accounting and management accounting and assumes knowledge of both. In 2014, the five largest quad-play markets in Western Europe accounted for approximately 60% of all quad-play subscriptions; France alone comprised over 25% of global quad-play subscriptions. Cost management has a much broader focus than that found in traditional costing systems. It is not only concerned with how much something costs but also with the factors which drive the costs, such as cycle time, quality, and process productivity etc. Together they interpret the data and determine the progress made. Its strategic orientation is thus aimed at Efficiency. Many young people may rely more on electronic books, magazines, and newspapers and depend on mobile devices for most of their information needs. Leaving Order, a company will start adopting Effectiveness in a more entrepreneurial, profit-driven way. During annual reviews, revisit all elements of the plan. This category only includes cookies that ensures basic functionalities and security features of the website.