Video Business Analysis - Example

NAME: CURTIN UNIVERSITY ID NO: INDUSTRY ID: TUTOR: TUTORIAL DAY: TIME: VIDEO BUSINESS REPORT EXECCUTIVE SUMMARY Gemcom Software International Inc. is a company situated at Perth, Western Australia. Gemcom Software International Inc. majors on the industry of mining software. They are basically sourcing their money through sales, technical support services and support contracts. This is an international business. It is evident from the fact that they have various business units across the globe. These include regions like Africa, Europe, North America and Latin America. This report analyses the various components of Gemcom Software International Inc. these are the issues the company is facing in its day in day out operations. It also analyses the possible and specific causes of this various issues of the company. The report goes on to outline the possible alternatives to fully tackle this issues affecting Gemcom Software International Inc. This report also gives clear and precise decision criteria to be used by Gemcom Software International Inc. The decision criteria will be very useful if the company adopts the recommended solutions and follows the guidelines indicated here. This report after analyzing the issues and problems that the company is experiencing also gives well researched recommended solutions for these vices. Implementation and implications is also detailed in this report. The company therefore needs to adopt this independent report, embrace the findings and fully adopt the recommendations. Clear and detailed suggestions of implementing the solutions are given. Furthermore, the report also touches on the financial and managerial implications of adopting the recommended solutions. ISSUES There are several issues that research revealed about Gemcom Software International Inc. These issues affect the daily operations of the company and there is great need of solving the effectively and efficiently. The first issue that needs great concern is staff turnover. Staff turnover is a very important issue in this mining software industry. The second notable issue in the company is the scarcity of technical labor. To be specific the video dialogue reveals that the company experiences a great deficiency of mining engineers and geologists. These are very important employees in the mining software industry. Without them the company cannot run as expected to meet its goals and objectives. The third issue that Gemcom Software International Inc. competition from other companies. Other companies in the mining industry are using automated machines to enhance their operations specifically mining. The issue of completion therefore is an issue that needs immediate and faster responses and solutions. The other issue that the company is facing is the issue of opportunistic agents. These are agents that cannot remain loyal to the company due to their personal objectives. There is also need to address environmental concerns since the company is under the mining industry. CAUSES There are quite a number of causes to these issues that Gemcom Software International Inc. is facing. These wererevealedby the research conducted and the video dialogue. From the video dialogue it is evident that the company experiences low staff turnover. This is due to the fact that mining industry at large has been neglected. Several institutions worldwide do concentrate on other fields forgetting the mining industry. This has also contributed to the scarcity of the technical labor specifically geologists and mining engineers. The issue of competition is actually caused by lack of enough funds. The company could be affording automated machines, a technology that other competitors are taking for their advantage. The issue of opportunistic agents is caused by various factors. Some of the factors that can lead to this include lack of job satisfaction, poor company rules and regulations for employees and lack of conducive working environment. The issues to do with environment are caused by poor adherence to the government regulations on environmental issues. ALTERNATIVES Gemcom Software International Inc. as revealed by the video dialogue has really tried to tackle the issue of staff turnover but not to the maximum. In an effort to tackle this issue Gemcom Software International Inc. has created scholarship opportunities and partnering with Mongolian University of Science and Technology. However, this approach is not enough. The company needs to partner with several institutions of higher learning. The company also needs to partner with the Government through the relevant industries to come up with long term solutions to this problem. They need to create more awareness through social media, print media and even the internet in order to attract the young generation towards this career. If Gemcom Software International Inc. introduces a training program for this mining specialists required such as engineers and geologists it will yield success. The training program will invite qualified and interested candidates for these fields. The company therefore will not struggle anymore with issue of technical labor scarcity. Another important alternative for Gemcom Software International Inc. is to partner with various other industries such as bank. The banks will be very efficient in funding the programs of the company when need arises. For example in the issue of competition, the partner could have funded the company money as a capital to source automated machine. Such partnerships are very crucial to big companies. This therefore is a great alternative if the company can adopt it as soon as possible. Gemcom Software International Inc. tried to solve the negative consequences of using agents in their operations by employing direct staff. The agents in some case proved opportunistic with their personal objectives leading to unexpected changes as revealed by the video dialogue. This report therefore advocates for great need for the company to set clear rules and regulations governing employment. The company needs to clearly embrace a common culture of employment across all its business units. If employees are to be outsourced or permanent employees be employed, the rules and regulations needs to be clear on that. The alternative to the environmental issues can be addressed through partnership with agencies dealing with environmental related issues. Such agencies will guide the company and working with them in line with the governments regulations on environmental issues. DECISION CRITERIA Developing decision criteria and metrics for Gemcom Software International Inc. involves the following steps: 1. Establishing overall objectives and goals The overall objectives and goals for Gemcom Software International Inc. include: making the best sales, providing the best technical services and also providing the best support contracts. All these will contribute to the profits the company makes. 2. Weight the objectives to determine the importance Making a lot of sales is the most important objective for the company. Providing the best technical services and support contracts follows. 3. Select the decision criteria The decision criterion for the company is selected here. 4. Weight the criteria to determine their importance The criterion is weighted in order to determine the importance of each decision. Here there is need to address issues that are very important to the company first are chosen. 5. Develop metrics The metrics for Gemcom Software International Inc. was developed on the basis of the importance and effects. Summary of the decision criteria The alternative for the company to partner with other institutions of higher education requires a lot of funds. Introducing training for the specialists is a bit cheaper approach. Employing direct staff is the easiest for the company to achieve. Therefore from this analysis it is very efficient for the company to employ direct staff. They therefore must adopt this decision as their first priority. On the other hand they can later adopt the other alternatives such as partnering with financial institutions such bank. This will be a source of funds for them to successfully adopt the other alternatives. RECOMMENDED SOLUTIONS I recommend that Gemcom Software International Inc. beginning by partnering with financial institutions in order to get financial aid for their daily operations and future endeavors. Most of the cases manifested and experienced by the company can easily and efficiently and effectively if only funds are enough. The company will also be able to introduce and fully facilitate training programs for the specialists that the company requires. It is very clear that there is great deficiency of technical labor such as geologists and mining engineers. This research also greatly recommends the company to strategically plans for ways of outshining the competitors. They need to create websites in order to boost their awareness to the customers and potential employees on this mining technology space. The company also needs to specify and set up clear rules and regulations governing employment. This will greatly help to overcome the issues relating to employment such as use of agents which has proved ineffective to the company. Previously the video dialogue showed the way an agent almost messed up the company. IMPLIMENTATION AND IMPLICATIONS Gemcom Software International Inc. needs to have a meeting and get through the suggestions on the solutions recommended by this report. The suggestions are very clear and realistic. These suggestions could be implemented by the company through the participation of the various stakeholders of the company. The executives of the company can convene a general meeting for the various stakeholders. Through this meeting they can be informed of the measures that the company plans to adopt to address the various issues identified. The stakeholders can contribute to the way the company should adopt this solutions. The stakeholders for example can give their interested financial institutions that can partner with the company mainly as a source of funds. The implications of adopting the recommended solutions are numerous. For instance by adopting to partner with financial institutions the company will be aided financially. The financial state of the company will be greatly boosted. This will be a great improvement to the company and the management. The management will be a source of happiness to all the company stakeholders. If the company adopts the recommendations of this report, they will make a lot of sales, provide best and excellent technical services and support contracts. This will conclusively translated to huge profits and greater market share for the company. I therefore greatly recommend Gemcom Software International Inc. to take the shortest time possible to embrace and adopt the recommendations this report as aligned. References Haimes, Yacov Y.Research and Practice in Multimedia Criteria Decision Making: Proceedings of the XIVth International Conference on Multiple Criteria Decision Making (MCDM), Charlottesville, Virginia, USA, June 8-12,1998. Berlin: Springer,2000. Graves, Harold F., and Lyne S. S. Hoffman. Report Writing. 4th ed. Englewood Cliffs, N.J.: Prentice-Hall, 1965. Matthews, Sheelagh. Mining. Calgary: Weighl Educational Publishers, 2007. An, Le, and Foutse Khomh. “Challenges and issues in mining crash reports” 2015 IEEE 1st international workshop on software analystics (SWAN). http://www.ftpress.com/articles/article.aspx?p=1807181&seqNum=10: Accessed: 17th may 2015. Read More