Discrete Data Bank Management Plan - Example

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Discrete Data Bank Management Plan

A data bank revolves around the concept of privacy as well as confidentiality. The personal information stored is protected against a third who may get access to the information unauthorized. With the dawn of data bank, managing of data will be made easier. One is only expected to open an account.

In the account, the individual information is saved. It is not only bound to individuals. Companies as well can use this establishment to store the employees’ information. The data bank profit is established from the fees that the clients pay in exchange for privacy. Due to the privacy problem, the data bank is expected to yield high. The perfect system will solve the privacy problem once and for all. This work tries to explain how a plan can be developed to manage a data bank.

Discrete data bank would be the place to be. The office stationed at Manhattan at the 432 Park Avenue within the New York state. The services that we offer are privacy to both personal and company data through the account opened through us. Only the individuals who did open the account can access the data. It ensures top confidentially within our business. Any complaints or compliments can be channeled to as through the email address discretedatabank@gmail.com or our address 432 Park Avenue. Our human resource department has an employee number of about 20 employees. The management team works hand in hand to make sure our company's goals and objectives are achieved.

To make this a success perfect market strategies have been established. The social media platforms have been used. As more people are connected to the internet, it is easier to reach a large group of people. Opening a Google plus page helps more people to know about the business.

The interaction of the employees and the potential customers come in handy. Open days are organized where employee explain first-hand information of what the business is all about. The marketing vehicles that are most appropriate are the employees who are familiar with the firm's dealings. Younger people generation is to transmit the information to their parents and guardians.

Availing of brochures about the firm goes a long way. Strategic partnership with the social media platforms such as Facebook is beneficial. It ensures our interest to advertise the company is handed to us by the platform. Use of the paid advertisement contributes to the huge popularity of the firm (McKeown, 2012).

The efficient market tactic ensures the firm’s success. Setting specific deadline by which a discount is offered is done. For example, a 20% discount can be set for the first 100 people who will open an account with the Discrete firm within the first month of business commencement. Follow up is used. It is by often contacting the people who opened an account through Discrete. These are to know the quality of the services we offer as well as informing them of new offers that are in place.

This way, the trust of the customer is achieved. A happy customer will tell the news to a friend or two who will find it appropriate to open an account with Discrete. And the process goes on and on. Sales force structure are considered both geographical, product based and mixed force. The sales person that operates in a region views the scour of the individual in the area. The product based sale person can totally understand the concept of the data bank. He or she has an in-depth idea behind the firm. He or she can explain to the customer till vivid understanding is reached. The sales assumption made is that once a customer opens an account, no refunds are made if the decision is to be reversed (McKeown, 2012).

The firm’s facility includes computers, routers and working desks that are essential to achieving the company's goals. This operation plan ensures internet to the company's employee at all time. This process ensures the relevant network is accessed any time to create an account for the customers. The technological development is always being up to date. Any system update with the Operating System is actively checked. This way it ensures the computers are to the up speed required.

The firm can adapt to the ever-changing modules in the technology. In the inventory; cards similar to credit cards are developed. These cards are proof of ownership of an account at Discrete firm. By swiping the card on a machine, the individual’s information through his or her authorization can be accessed. A researcher desk is created. This office deals with developing new ways that can improve the firm. Resources are availed to ensure dynamic development is reached. Capacity utilization is guaranteed by making sure there is a division of work.

Each employee is assigned specific tasks and performance meter developed to ensure success in a particular work. The quality of the account is provided. It is by ensuring they are tamper free from being accessed be other individuals. In case, an account is accessed the account holder is contacted to ensure it was him or her who made the access. Customer services are monitored. Communication between the firm’s employee and the customer is recorded to ensure quality. This action is to avoid unethical behavior between the two that may result in loss of customers. The system is tamper proof from hacking.

The technology advancement is well developed. Firewalls are designed to ensure the limit searching scope. These keep the range low at which the access can be compromised. Customers’ data is at all-time free from unauthorized access. Any breach in the system technology spells doom to the firm’s credibility.

The management in the enterprise has an organization chart. It describes the hierarchy of power in the organization. The basic levels are the Manager, Operations Director, Finance Officer, Marketing head and the other subordinate staff. The Manager role is to supervise the role of his juniors as well as approve major decisions. Operation manager monitors the working of all departments and ensures the system is always working well. The finance officer takes charge of all the firms’ funds. He only dispatches the funds under the authorization of the manager. The subordinate staffs work to the achievement of the company's goals.

The marketing head ensures the public always have the exact knowledge of the firm's operations. Dynamic advertisements always ensure this. The education background of the officials is scrutinized. The manager should have a bachelor’s degree in business administration with two years working experience. The finance officer should have a bachelor’s degree in commerce or any related degree under the same field. Operations manager should have a bachelor degree in computer science or applied computer science. A bachelor’s degree or a diploma in the related field comes in handy to the other officials. The boards of directors have a broad knowledge on the information technology sector to make the right decisions. The management style is democratic. The manager involves employees when making critical decisions. He can get an opinion from the employees. With this, job satisfaction and quality of services are improved (McKeown, 2012).

The Discrete has achieved its milestone by being able to increase the number of its branches. These branches are stationed within the Manhattan town. Our future goal is to increase the number of branches countrywide as well as internationally.

The long-term goal of our firm is to ensure private data remain private, and no one should deny you this right. Discrete is here to ensure that. Our growth strategy is market penetration and market expansion. With this, we will ensure our business located in all part of the nation. These will be in the urban, suburban and the rural branches. The exit plan of the firm would be selling the company to the employees. This decision is due to the intellectual capital that it houses. The assets are intangible, but they would ensure the continuity of the business (McKeown, 2012).

In the financial the startup cost was approximate $10000.This amount would cater for the technological expenses, advertisement cost, the rental cost, employees’ salary and insurance, licenses and permits. The assumptions made on the operation ensure the firm always has a running financial strength. The source of the company's capital will be the monies gotten from the registration of an account. A loan can also be applied in cases of adverse financial difficulties. The firm's assets can be used as the security for the same (McKeown, 2012). In the case of the break-even analysis, adequate knowledge will be installed to ensure no losses are achieved. At the moment, the firm will be able to sustain its employees efficiently. By the view of the startup cost being high, it will ensure the firm will be able to cover all its expenses.

Reference

McKeown, W. (2012). Financial planning. Milton, Qld.: John Wiley and Sons Australia, Ltd.