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Strategic Plan 2016 – 2018 Boutique Build Australia

Strategic Plan 2016 – 2018 Boutique Build Australia.

Strategic Plan
2016 – 2018
Boutique Build Australia
Executive Summary
Established in 2013, Boutique Build Australia is a building company specialising in the design and building
of high quality designer homes for the Sydney metropolitan and surrounding areas.
Our vision – to be the best home builder in Australia – drives everything we do, from the friendly greeting we
give to customers at our display centre, to our supplier relationships and to our employees’ professional
development.
Vision
To be the best quality home builder in Australia.
Our values are:
The core values underpinning our activities are:
• Quality
• Innovation
• Leadership
• Respect
• Honesty and Reliability
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Strategic Priorities
Key strategies:
To be well led, high performing, profitable and accountable
• Ensure that all financial operations, performance indicators and results support the strategic policies
• Identify new and expand existing sources of revenue
• Achieve profits of at least 10% per annum.
Build high quality residences to meet customer needs and aspirations
• Increase sales of homes in current Sydney market by 10% per annum over the next three years.
• Establish a presence in Queensland and build at least 100 new homes in Brisbane and the Sunshine Coast
during the period of the Strategic Plan.
• Research and plan for the launch of new innovative, environmentally friendly homes
Continue building deeper customer relationships
• Customer-centred practice, with a focus on meeting their total needs for a high quality home
• Strengthen the skills of our people, to better support customers
• Drive innovation to better meet customer demands
Attract, engage and develop the best staff
• Continuing the drive to a customer centred, high performance workforce and culture
• Strengthening the skills of our people, to better support customer needs
• Empowering innovation and responsiveness to change
• Continuing to enhance the diversity of our workforce.
Operational Objectives
The following table identifies the operational objectives we plan to achieve in pursuit of our strategic
objectives.
Date Priorities Key performance indicator
June 16 Employ at least 3 permanent site staff Site staff in place
July 16 Commence recruiting for key positions in Brisbane and Sunshine Coast Key staff established for
Brisbane and Sunshine Coast
August 16 Develop and implement work-life balance programs Increased employee satisfaction as measured
by surveys.
Oct 16
Commence promotions in the Brisbane and Sunshine Coast market
Set up display centre in Brisbane and Caloundra QLD Presence in Brisbane established
November 16 Staff performance reviews
All staff performance reviews conducted
2017
Jan 17 Develop and implement strategies for increasing number of women in the workplace Number of
females in company increased by at least 4 by mid 2016
March 17 Commence design of environmentally friendly homes Designs completed
May 17 Commence marketing environmentally homes Build at least 4 environmentally friendly homes by the
end of 2016
November 17 Staff performance reviews All staff performance reviews conducted
2018
Feb 18 Review other potential markets Potential markets explored
Sept 18 Analyse workforce diversity Number of women in workforce continuing to increase
Nov 18 Staff performance reviews
All staff performance reviews conducted
The Market
Market characteristics & conditions
The construction industry had been facing a stagnant phase in recent times, however experts predict a turn
around, providing real opportunities in the sector. Although much of the construction industry is expected to
see real growth in the coming 12 months, it is the residential building sector that should experience the most
growth.
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The Housing Industry Association (HIA) recently released the summer 2015 edition of its National Outlook
and announced that this year would see a new record of homes commenced.
According to the statistics, a record 195,936 new dwelling commencements were forecast in 2014/15 – a 7.7
per cent growth on the previous year. It is also important to note that this represents the third year in a row
where residential construction has improved. This is a vital part of the overall Australian economy.
Although a number of states are set for an increase, the Sunshine State is set to experience the most growth.
The Queensland Government is providing support by offering first home buyer/builder grants as well as
easier procedures for development application approvals.
If you were to compare all the major Australian industries – construction, manufacturing, engineering and
mining – construction is the only one that is expected to see real growth in the coming years.
Globally it is expected that the construction industry will grow from $7.2 trillion to over $12 trillion.
The global construction industry has a number of challenges and opportunities according to a recent report by
Global Construction Perspectives and Oxford Economics. A number of factors are expected to affect
outcomes:
• Countries’ decisions with respect to carbon reduction, climate change, waste disposal, clean technology and
renewables?
• Emerging economies in general are expecting large population increases in the coming decade creating
demand for construction activity whereas population growth in developed countries will be flat.
• The key area of construction growth in emerging countries will be infrastructure: transport, energy, social
infrastructure, schools, hospitals, government accommodation, water, defence infrastructure and natural
resources. These projects are expected to increase by 130% in developing countries by 2020 but by only 20%
in developed countries.
• Eastern Europe and Russia are expected to expand construction by 100% primarily led by Poland and
Russia by 2020.
• China is expected to become the world’s leading construction market by 2018 with a construction output of
$2.5 trillion.
In the future, trends in technology, particularly information technology (IT), may be the greatest driver of
change in the building and construction industry. Electronic tendering and documentation, data
communication, virtual design, shared project data and databases, construction automation, and energy
management will have a significant impact on industry practices. Those parties that are slow to react to these
trends will have difficulty in remaining competitive.
Project Managers, Structures Forepersons and Commercial Contract Administrators will be at the top of any
wish list for construction businesses this year.
Situation Analysis
Strengths
Weaknesses
? Value and quality
? Strong management
? Customer loyalty
? Friendly organisational culture
? Level of available finance for investment
? Focus on Sydney market only
? Brand name not developed as yet
? High turnover of casual workforce
? Lack of diversity in workforce
Opportunities
Threats
? Housing sector experiencing growth
? Potential for growth in Brisbane and Sunshine Coast markets
? Innovation in environmental housing
? Environmental effects
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? Changes in Industry/ Government legislation affecting construction industry
? Possible adverse effects of government policy formulation
? High level of competition
? Predicted uncertainties in the world economy impacting level of demand for housing
? Low price competitors
? Failing to satisfy clients demands
Marketing Strategies
Our marketing strategies aim to:
• build trust,
• generate leads now,
• help to convert those leads quickly, and
• will form the basis of ongoing relationships and referrals.
We plan to develop our market share by:
? Improving our marketing and advertising
? Continually improving the quality of service given to clients
? Maintaining effective communication channels with all stakeholders to ascertain industry requirements and
then develop products and manage services accordingly
? Continually improving communication channels with all our stakeholders, ensuring a flow of timely and
accurate information to facilitate effective planning and decision making
? Targeting identified growth markets with planned, market appropriate campaigns employing a variety of
promotional strategies and advertising mediums
? Offering attractive fee structures to our clients
? Continually improving the skills, knowledge and effectiveness of Boutique Build Australia through our
commitment to training and development
? Regularly reviewing the effectiveness of all our operations and making improvements when and where
necessary
Risk Management
The following section identifies the associated risks in pursuit of our strategic objectives and how we will
deal with them.
Strategic Objectives
1. To be well led, high performing, profitable and accountable
2. Build high quality residents to meet customer needs and aspirations
3. Continue building deeper customer relationships
4. Attract, engage and develop the best staff
Risk Australian government changing policy in relation to industry
? Accepting policy change will be a constant factor to manage
? An understanding of this should be instilled in all staff
? Develop ability to foresee and react quickly to change
? Maintain effective communication channels with stakeholders
? Diversification of source markets
? Develop product range
Related to Strategic Objectives: All
Risk Significant drop in cash flow
? Identify operating costs as per future plans and past performance
? Identify available finance available
? Efficient invoicing and debt recovery
? Accurate income projections
? Close monitoring of expenditure
? Arrange overdraft facilities
? Scenario planning
Related to Strategic Objectives: All
Risk Failure to recruit planned number of clients
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? High quality delivery of all services
? Swift reaction to feedback
? Skilled motivated staff
? Attractive fee structures
? Effective market research
? Monitor performance
? Take early corrective action if not meeting targets/ expectations
? Maintaining effective relationships with clients
? Maintaining effective communication channels with all stakeholders
Related to Strategic Objectives: All
Risk The world recession and the domino effect
? Diversification of target market
? Target markets with strong growth forecasted
? Monitor the economic trends
? Regularly review performance in line with anticipated market conditions
? Develop culture of accepting continual change
? React quickly to change
? Scenario planning
? Maintaining effective communication channels with all stakeholders
Related to Strategic Objectives: 1, 2
Risk Over committing resources
? Balance activities with amount of finance available for investment
? Financial planning
? Monitoring of cash flow
? Review invoicing/ debt recovery system
? Swift response to identified issues
? Accessing financial advice
Related to Strategic Objectives: 1, 2, 4
Risk Adverse changes in market conditions
? Effective communication channels
? Continuous market research
? Monitor new markets and overall recruitments trends for all market segments
? Scenario planning
? Develop working knowledge of potential markets
? Networking
? Maintaining effective communication channels with all stakeholders
Related to Strategic Objectives: 1, 2, 4
Risk Changes to Acts and other relevant legislation
? Emphasis on professional, ethical practices with all stakeholders
? Staff training
? Leading by example
? Policy implementation and monitoring
? Effective communication channels with all stakeholders
? Ability to manage change
? Managing available finance for re-investment
Related to Strategic Objectives: All
Risk Shortage of/ Difficulty in recruiting appropriate qualified and skilled staff
? Development of HR policies and procedures
? Offer attractive salary package
? Provide opportunities for career progression
? Develop stimulating and enjoyable working environment
? Commitment to training and development
? Commitment to professional development
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Related to Strategic Objectives: 5
Risk Failure to meet and manage client’s expectations
? Accurate and timely communication with potential and current clients
? Management of recruitment activities
? Continuous improvement system
? Regularly review learning and teaching approaches, resources, structure and systems
? Client management policies in academic and support services
? Industry liaison
? Reviewing effectiveness of communication channels with clients
? Employing a continuous improvement approach to all operations
? Continuous market research and action
? Systematic feedback on management performance and personal reflection
Related to Strategic Objectives: All
Risk Failure to comply with legislation
? Consistently implement compliant policies and procedures
? Continuous improvement system
? Commitment to training and development
? Systematic review of policies and procedures
? Regular reviews of all operations
Related to Strategic Objectives: All
Risk Failure to control expenditure
? Effective financial planning and review
? Co-ordination of activities
? Systematic review of practice
? Financial management and control systems
? Facilities management
? Implementation of efficient processes
? Efficient procurement of products and services
? Cost comparisons prior to purchasing
Related to Strategic Objectives: 1, 4
Risk Only providing boutique homes
? Weighting between diversification/ specialisation
? Monitor recruitment trends per market
? Forecasting
? Cost benefit analysis
? Developing reputation for being a specialist in high quality homes
? Developing market share for boutique homes
Related to Strategic Objectives: 1, 2, 3
Risk Ineffective planning
? Experienced management team
? Continuous market research
? Planning system
? Organisation structure and systems
? Regular review of structure, systems and procedures
? External liaison
? Maintaining effective communication channels with all stakeholders
Related to Strategic Objectives: All
Risk Competitors undercutting prices
? Maintain competitive pricing policy
? Monitor competitors prices vs quality
? Regularly review financial management models/ processes
? Continue focusing on quality
? Continue strategy of quality brand promotion
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Related to Strategic Objectives: All
Risk Rate of growth in client numbers
? Systematic review of systems and practice
? Buying in knowledge and skills
? Sourcing reliable market information
? Strategic and operational planning
? Review/ amend management structure
? Develop policies and procedures
? Regular reviews of capacity and operation of all functional and curriculum areas
? Good communication channels with stakeholders
? Recruitment policy
? Finance available for expansion
Related to Strategic Objectives: 1, 2, 3, 4
Risk Unethical/ unprofessional practices of staff
? Staff selection processes
? Staff monitoring systems
? Previous experience of managing staff
? Swift reaction to feedback
? Termination of agreements
? Maintain currency of market recruitment trends
? Maintain relationships with HR organisations
Related to Strategic Objectives: All
Risk Casual staff team
? Develop database of contract staff
? Employ a permanent team of staff
? Planning for holidays/ leave
? Maintain relationships with HR organisations
? Offer incentivised pay structure for casual staff
Related to Strategic Objectives: All

Strategic Plan 2016 – 2018 Boutique Build Australia

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