Elite Information Systems (Business plan)

Introduction of Elite Information Systems (Business plan)

The Elite.com is said to be the new venture of the Elite Information Systems. The Elite Information Systems should focus on the technology and the innovation. The new venture of the Elite Information Systems is more likely to focus on the technological use in the company of Elite Information Systems and consultant. This is report there is whole marketing, financial and operational plan of the Elite.com. The report is more likely to focus on the technological aspects of the company and how the technology be used to create more efficiency in the business of the company (ADENWALA, 2014).

The Elite.com Company has many of the products that are likely to available to more of the customers through the online platform. All of the business practices of the Elite.com Company with the help of the technology is likely to augment overall revenue through more of the sales by the customers in the online platform. The business of the Elite.com Company is also helping the company to have the efficiency to access more of the customers and make more of the sales. The practice of the business helps the company to expand its business to other countries, and get to know about the potential of the business in these countries. Because of the online sales the Elite.com Company not have to bother about the inventory and they are likely to cut some cost from the inventory management (Baines, Fill, & Page).

The use of the technology in the business is one of the other strength of the company and it is the reason that in the very short period of time the company is likely to make its place in the market. The Elite.com Company also make use of the Information Technology in all of the business process, with the use of the advanced technology the company is likely to make the product more effectively delivered to the customers and the future they are likely to have all of the product with no late delivery with the help of latest technology. The innovation, technology and the other sustainable business practices of the company said to be its strength (Baines, Fill, & Page)

Opportunity of Elite Information Systems (Business plan)

 The new venture of the Elite Information Systems is likely to have a lot of opportunities because of the use of the technology that the company using in the business of the Elite Information Systems. With the help of the online site of the business, there are more of the chances of the company to expand and have the access to more of the customers in the market (Barnes, 2008).

 In the current age of the technology, it is said to be the best opportunity for the company to have the more technological friendly business and provide the services to more of the customers. Although the parent firm Elite Information Systems and consultant is also likely to get some fall down because of the new venture from the long-term perspective, the Ellite.com is likely to have a lot of opportunities for the business to grow in the future. There are many of the marketing and the business planning methods that the company can use to make a more effective business plan (Moxon, 2017).

 Some of the key features of the techniques are the following: First, of the all the marketing tool that the company can use is the social media marketing, by doing this the Elite.com company is likely to approach more of the customers and the business of the company would also have more potential to grow. The company should go for the best employees as they are working in the technology sector so the overall business of the company depends on the employee's relations with the customers (Bush, 2014).

Marketing plan on Elite Information Systems (Business plan)

Because the Elite Information Systems is likely to start its new venture of the Elite.com that is also going to be the subpart of the parent firm Elite Information Systems so it is very important for the company to focus on the all of the marketing and promotional activities of the company. There are many of the marketing strategies that the company can use for the promotion of its new venture of the Elite.com  (Suttle, 2017).

 The company is likely to use the online marketing. As we know that the web-based advertisement and marketing gets the client's fascination on all of the social media sites. The advertisements ought to be alluring and fascinating the client needs with the business of the company. The buyer will take a gander at the commercial at times. The business can build the movement of the organization's social site through all of the promotions. The Elite.com business promotion ought to intrigue. It is also very important for the company to not get the client exhausted and make them felt uninteresting about the promotional activities. There is also the chance that the customers may move to some other online sites for a similar product if the promotion would not be appealing or eye-getting for the customer (Suttle, 2017).

Online marketing platform of Elite Information Systems (Business plan)

The marketing of the Elite.com company also said to be one of the significantly favorable circumstances of online venture since this stage of the client with plenty of chances to grow their business and market with their services on the web. The company can also likely to use the online marketing of the company business through the online website. There are a lot of benefits that the company can get from the use of the online marketing of the Elite.com. The main benefit is the minimum cost of the marketing. The online marketing is said to have more of the accessibility and the flexibility to have catered more of the customers with the minimum cost (UN, 2018).

Good customer relations of Elite Information Systems (Business plan)

The customer relationship management is said to be a tool and the technique for the company to use and the Elite information system organization build better and effective associations with their customers in the market. In the customer relationship management, the company is also likely to investigate on the behavior and the interactions of the customers towards the business of the company. With the help, if the effective customer relationship management the organizations are likely to increase their sales and grow their business. The more the customer relationship management of some company is effective the more the customers of the company would be loyal towards the customer relationship building by online services (Zhan, Sun, Wang, & Zhang, 2016).

There are many of the things that the company does to build a good relationship with the customers and enhance the overall loyalty of the customers. The company is likely to get the sponsorship in and the partnership with a lot of companies. The company also likely to use different mass media approaches to build more good customer relationship and make the customers aware of their product and loyal to the Elite.com company.

Marketing mix components of Elite Information Systems (Business plan)

There are said to be the 4 components of the marketing mix as product, place, promotion and price. The product that the company is selling in the marketing is of high quality and also very up to date services to use. The brand of the product is very famous and it has also been associated with many of the big companies in the world. So, the venture of the company may have the overall image of the product in the market very good. The next in place of the business; the Elite.com company is doing a very good business and make a lot of profit. On the other hand, the Elite.com company also have some of its business in a lot of countries, that is very good for the reputation of the company. The third marketing mix component is promotion and the company is doing it very well by getting associated with many other companies and having the sponsorship and partnership with many of the other famous companies and business. The company is also using different sources of the media for the promotion. At the end, the Elite.com company also manage the whole price of the product that they are selling very effectively and not willing to exceed its prices from the other competitors in the market (Baines, Fill, & Page).

 Financial plan of Elite Information Systems (Business plan)

The Elite.com company is always likely to think ahead of time and have then come 12 months forecast, so they have the estimation of all of the future event and preparation would be made according to it. According to the current forecast, there is the chance for the company to have an increment in the services and the sales of the company in the months. To fulfil all of the requirements of the company to start the new venture of the business there are also some of the financial requirements of the Elite.com Company so that the company make its entry in the online market India. It is obvious for the Elite.com Company to make estimates of the financial budget of the company and all of the expenses. So in the case of the business of the Elite.com, there was the expense of the $2500 in order to make build the online platform and also on all of the promotions (Moxon, 2017).

Operational plan of Elite Information Systems (Business plan)

For this purpose, there be supposed to be Elite.com business overall operation of improvement company and consultant which is probable to get fraction in the main fineness of in the company workflow, preceding to unanticipated shock in income that have an consequence on the in general company operations. The new venture is also likely to determine the weak acquaintances that be able to clutch back the main beliefs and with correct operations  and also likely to get clear of the major motive for the Elite business performance. So we can also say that the whole process to be finished professionally is very significant for a new venture of the Elite business to take fraction and reduce probable danger and of overall thrashing that is not likely to think about the need of the connection. The significance of the Elite.com performance of the business in the operations of business sector not denied (Barnes, 2008).

The Elite.com business operations is accountable for evaluation that is day-to-day for all of the employees in the company. The functioning capability of the workers is check. All of the position and the everyday jobs are distinct for every person and the commission are associated to get additional production. To administer this process, business get worn to the Indicator of the Performance of Elite.com business of operations that is also probable to go after the payment, process and construction to be in accuse (Barnes, 2008).

 Management skills of Elite Information Systems (Business plan)

There would also need to for the management of the complete plan of the business in a better way. Being the company that is doing the Elite.com business in the sector of the technology and customers consulting it is also very important to have a good management skills  for the employees that is likely to organize the services of the company and also all of the operations for the process in the business in a better way so that all of the customers of the company may have good services through the online venture. With the planning of the business for the company, it is significant for the Elite.com business to be acquainted with about all of the business management activities. As we can see the report of the business activities the website of the business it must be very effective and user-friendly, but I think there is a need to make the process of payment in the website easier. On the other hand, all of the financial and non-financial performances of the business are very good and it is seem balanced and out of risk in the report (businessenvironment2.blogspot.com, 2014).

Action plan of Elite Information Systems (Business plan)

 The actions plan needs to be focused intentionally so that each strategy should be implemented properly, as there is a need to develop and introduce new strategies effectively. In a business plan, the employees of the company must also be trained in a better way so that the overall technology of the Elite.com company would increase and they may have no difficulty in doing the business in the completely new market. Implementing the action plan there can be still various limitations assigned responsibilities as Elite.com, if implement the plan, then the plan may be a successful one as in business plan there could be fewer issues regarding managing or evaluating the costs. (WYMER & REGAN, 2005).

There is also a need to get the report of the Business from the board of directors on the regular basis so that the company may know about all of the future risks on time and try to overcome them effectively. It is significant for the business of the information system to shape out the purchaser actually needs from the company for the customer communication and also there are many of the staff of the Elite.com very significant. For the reason that wants to expand and they be supposed to appraisal the criticism from the regulars. The business of the Elite.com Company is also helping the company to have the efficiency to access more of the customers and make more of the sales. The practice of the business helps the company to expand its business to other countries, and get to know about the potential of the business in these countries. The actions plans need to be focused intentionally so that each strategy should be implemented properly, as there is a need to develop and introduce new strategies effectively (ADENWALA, 2014).

Conclusion on Elite Information Systems (Business plan)

As it is estimated form the business plan analysis that the working of the plan is not so good and there is a need to make some of the changes and the modification in the plan according to the requirements of the business. While implementing the action plan there can be still various limitations assigned responsibilities as Elite.com, if implement the plan, then the plan may not be a successful one as in business plan there could be issues regarding managing or evaluating the costs. Recommendations for the efficient staffing and upgrading the computer can also be a limitation, however, the target date for the completion may not be attained, and thus, there could be issues in deciding the new strategies for the business or the implementation of the plan. The actions plan needs to be focused intentionally so that each strategy should be implemented properly, as there is a need to develop and introduce new strategies effectively. The other issue that is also likely to occur is the online cybercrime issues including credit card fraud and other issues of like hacking and frauds can also biggest challenge for the Elite.com company. Customers could be bored due to lack of the good online facilities.

By seeing the overall issue of the business plan, I think that growing the on the whole happiness of the customer with the Elite.com company business. All of the business practices of the Elite.com Company with the help of the technology is likely to augment overall revenue through more of the sales by the customers in the online platform. The Elite.com Company also make use of the Information Technology in all of the business process, with the use of the advanced technology the company. There are many of the marketing and the business planning methods that the company can use to make a more effective business plan. The business can build the movement of the organization's social site through all of the promotions. The online marketing is said to have more of the accessibility and the flexibility to have catered more of the customers with the minimum cost. The more the customer relationship management of some company is effective the more the customers of the company would be loyal towards the customer relationship building by online services

So, I think that in the case of the Elite business plan the employees of the company must also be trained in a better way so that the overall business of the Elite.com would increase and they may have no difficulty in doing the business in the completely new online market. I hope that with the help of the all of the modifications are likely to make in the business the issue might be overcome and at the same time the business may be out of the risk. There is also a need to get the report of the business from the stakeholder on the regular basis so that the company may know about all of the future risks on time and try to overcome them effectively.

References

ADENWALA, M. (2014). IMPACT OF E-COMMERCE ON BUSINESS PERFORMANCE: A STUDY WITH RESPECT TO TRAVEL INDUSTRY.

Baines, P., Fill, C., & Page, K. Essentials of Marketing.

Barnes, D. (2008). Operations Management: An international perspective. Cengage Learning EMEA.

Bush, T. (2014, Jun). Legal factors that affect business. Retrieved from http://pestleanalysis.com/legal-factors-affecting-business/

businessenvironment2.blogspot.com. (2014, November 6). business environment analysis. Retrieved from http://businessenvironment2.blogspot.com/2014/11/pest-analysis-of-coca-cola.html

Moxon, K. (2017, December 22). The best digital marketing campaigns of 2017. Retrieved from https://engageinteractive.co.uk/blog/the-best-digital-marketing-campaigns-of-2017

Suttle, R. (2017, September 26). Communication Marketing Tools. Retrieved from https://bizfluent.com/list-6694043-communication-marketing-tools.html

UN, S. (2018, March 23). India's e-commerce market is exploding—and how. Retrieved from https://qz.com/1235293/with-amazon-and-flipkart-battling-it-out-indian-e-commerce-is-exploding-and-how/

usatoday.com. (2018, MAY A2A). In countermove against Walmart, Amazon makes a bid for Indian e-commerce site Flipkart. Retrieved from https://www.usatoday.com/story/tech/2018/05/02/amazon-makes-bid-indian-e-commerce-site-flipkart/573317002/

WYMER, S. A., & REGAN, E. A. (2005). Factors Influencing e-commerce Adoption and Use by Small and Medium Businesses. Copyright 2005 Electronic Markets Volume 15 (4), 438–453.

Zhan, L., Sun, Y., Wang, N., & Zhang, X. (2016). Understanding the influence of social media on people’s life satisfaction through two competing explanatory mechanisms. Journal of Information Management, 68 (3), 347-361.