Flash Consultant Company Business Marketing-Myassignmenthelp.Com

Question: Discus about the Flash Consultants Company Business Marketing? Answer: Introduction Flash Telecom Co. is established as a consultancy and marketing enterprise in telecommunication and information. The company hasn't been in the market for long and specializes in selling telecom and marketing information products. The company targets telecom companies as its main clients. Flash Telecom Co. carries out market research activities on behalf of its clients and then give an after analysis solution to the client's request. The objectives of the firm are to create good relationships with those it serves, the employees, partners, and the public. Flash Telecom Co. has a Skills Unit Department that has ensured that the company enjoys a lucrative market within a great economy that is rapidly growing. One such achievement produced by the unit has resulted in a soaring number of entrepreneurs trusting our services. However, the Skills Unit intends to increase necessary services number which is offered to the corporation. The unit would be considered as a marketing research center where project-based consultations are performed. Flash Telecom Co. has therefore planned to implement a strategy towards ensuring that the company achieves market penetration. The plan is also designed to ensure that the prices of the services offered are affordable. The strategy is a promotional one that is about advertisement integration, personal selling, relation with the public, the Internet, and direct marketing, and also the provision of marketing section for the plan. The market that is targeted ranges from those in the corporate towers and other businesses. Since Flash Telecom Co. Skills Unit is the pride of the companys analytical ability, high-quality standards, value-added service, and capacity to adapt the company intends to offer its clients with the appropriate planning tools and information. Flash Telecom Co. has been in the line of consultancy because it believes in efficiency understands the problems clients face and how to solve them through marketing research. Also, the company doesnt only intend to sell or market its service but to also customize information before market and sell it. Market Framework Regardless of the kind of business activity, one runs, possessing a proper marketing plan for the firm is always crucial. The moment the advertisement strategy fails to promote the products and services sold by the business organization, understand that the company is unlikely to succeed. Whatever factors that make the ad effective are important to consider because they allow one to come up with concrete plans that would ensure that better results are achieved. A good advertisement must therefore be: Memorable Target audience actually Entertaining Able to grab attention Flash Telecom Co. is venturing into a competitive market that is already in existence. However, unlike other new firms, the company approaches the market with a different perspective. Even though there are several digital communication advancements in the current business platform, Flash Telecom Co. chooses to use a face to face method of communication as a way of enhancing the market through research and analysis activities as a means of ensuring that it offers informed consultancy to the clients (DeVault 2017). The main reason for identifying this technique of face-to-face is because the companys professionals are likely to understand the clients better since they use the natural body expressions to gather information attached to their emotions towards a given product. Online market research activities may not give such credible and honest responses unlike the face to face technique. The technique also ensures that the researcher can detect responses that are insincere by observing the respondents expressions. The company, therefore, identifies the strength of face to face technique as the most appropriate method of ensuring better clients get better results (DeVault 2017). HR Management Framework An excellent and professional team of workers will only be realized by Flash Telecom Co. once it has an excellent Human Resource Framework. The firm's HRM team includes the functionality of recruiting workers, training them, motivating them and maintaining performance appraisals (The importance of Human Resource Management 2017). The importance of HR functions to the company includes: Recruitment and Training Both hiring and training are the primary responsibilities required of Flash Telecom Co.s HR team. All the managers are expected to come up with strategies that would enable them to recruit the right employees for the available jobs. They are also obligated to formulate the scope of employee assignments. The employees are also supposed to be educated. The training offered is done according to whatever the organization requires of them (The importance of Human Resource Management 2017). This is the opportunity that the staff members get to develop unique skills that would help them assume new roles in the company. Performance Appraisals With HRM, Flash Telecom Co. encourages workers to perform as per the level of their potential. It also helps in giving suggestions that would help employees improve in the corporation. Maintaining Work Atmosphere A good working environment is important in the aspect of the HRM since individual performance within Flash Telecom Co. gets driven by the prevailing work culture in the workplace (The importance of Human Resource Management, 2017). A proper condition of work is beneficial to an employee that works in the company. When the work atmosphere is friendly, the staff will do their job efficiently. Managing Disputes Several situations may lead to disputes between employers and the employees in an organizational setup. In case such differences occur, it is the duty of the department of human resource which would act on the matter to provide a suitable solution for the conflict. Developing Public Relations The HRM is always responsible for establishing proper public relations. It is the HRM that will organize business meetings, conduct seminars and other official gatherings at the dispensation of the enterprise (The importance of Human Resource Management 2017). In the case of Flash Telecom Co. lacked a proper setup for the HRM, it would likely suffer from grave consequences. Due to such a reason, the company must struggle to put a lot of effort in creating an effective HRM. Revenue Cycle From Data cracker analysis, Flash Telecom Co. has managed to determine the solution to its sales issues. Clients, seven in number, gave their annual gross income as between $1500000-$2500000 after venturing into partnership with our company. Most of the companies that intend to buy our consultancy services are business corporations. The clients are willing to pay as much as $30000 to $40000 for the services we provide; regardless of the time, we've been in operation. Flash Telecom Co. also intends to expand its territories beyond the country into other foreign markets because we believe that quality services will sell anywhere in the world. For the good services that our workers provide, the least individual to be paid goes with more than fortnight pay of $5000 to $10000. Since we majorly target growth in all sectors, the company works with clients as a way of increasing both the client's and its income. Making an impact on the productivity of a client company is the only way Flash T elecom Co. can increase its revenues before ultimate establishment. This can, however, only get achieved through the delivery of best services. The company shall, therefore, help the clients in engaging in more research activities as a measure of retaining them and ensuring that they receive the best services. Payroll Cycle In this part, the underlying financial issue and the relevant payment methods are discussed with regards to Flash Telecom Co. The company employs the FinTech aspect of finance with the help of online payment companies to easily monitor its funds and pay the workers in a prompt manner (Oracle 2017). On the contrary, in-depth research analysis provided the fact that the same payment system would be recommended as a formal financial partnership between the company and its client. By definition, therefore, a payroll cycle is a financial process that the management of Flash Telecom Co. would complete every time that it pays its employees. The steps consist of: Pre-payroll processing. Print payments. Pro forma journal entries processing. Print payroll cycle reports. Final Update Processing Every payroll cycle is preceded by entering and updating information used by the system during the cycle. Such information includes: Frequency of pay Employee information ID number Pay rate Tax information All the employee payment reports are processed every two weeks. The information is then verified in the pre-payroll processing. In the pre-payroll processing, work files are created to produce reports on payments (Oracle 2017). The payroll cycle information is then reviewed and corrections made if necessary before the payments are printed. Employees then receive cash though: Automatic-deposit slips The Payroll Register report system is mainly used to perform prints during the whole process. In case reports need to be automatically printed, having the register report system would ensure the same during reports-only steps within the payroll cycle. In the case of errors during the final update, corrections can be made and rerun steps performed when necessary. In other instances, reset might be required before resetting the setup. Due to the complex steps of the payroll cycle, the company invests in FinTech and follows the economic developments the financial company (Oracle 2017). FinTech provides information regarding financial reports for the payroll cycle to improve or complement the investments of Flash Telecom Co. Payment Cycle The payment cycle is a management solution for helping Flash Telecom Co. in meeting the requirements of the customers. The system is used to streamline receivable accounts and also save resources and time (Billtrust 2017). By implementing PCM, Flash Telecom Co. has realized: An accelerated cash flow Improved efficiency in operations Increased transparency The company uses automated and flexible payment cycle to ensure that it stays competitive and lean. Flash Telecom Co.s Quantum Payment Cycle helps in leveraging the technology used and also creates transparency and flexibility in the invoice-to-cash process. Complex demands of the customer are also met by the use of payment channel options and multiple invoicing (Billtrust 2017) Conclusion Flash Telecom Co. ventures into a competitive market that is already in existence. However, unlike other new firms, the company approaches the market with a different perspective. Even though there are several digital communication advancements in the current business platform, Flash Telecom Co. chooses to use a face to face method of communication as a way of enhancing the market through research and analysis activities as a means of ensuring that it offers informed consultancy to the clients. The main reason for identifying this technique of face-to-face is because the company's professionals are likely to understand the clients better since they use the natural body expressions to gather information attached to their emotions towards a given product. Reference Assignment Centre, U 2017, The importance of HRM Policies And Practices Business Essay. Uniassignment.com. Available at: https://www.uniassignment.com/essay-samples/business/importance-of-hrm-policies-and-practices-business-essay.php [Accessed 25 May 2017]. Billtrust, 2017, What Is Payment Cycle Management? | Billtrust. [online] Billtrust. Available at: https://www.billtrust.com/payment-cycle-management/ [Accessed 25 May 2017]. DeVault, G 2017, Tame Your Focus Groups and Get Useful Insights. The Balance. Available at: https://www.thebalance.com/what-is-a-market-research-focus-group-2296907 [Accessed 25 May 2017]. Institute, C 2017, Enterprise Risk Management (ERM). Cia-ica.ca. 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