Business Report on Nesbee The Chocolate Factory †Free Samples

Question: Discuss about the Business Report on Nesbee The Chocolate Factory. Answer: Nesbee the chocolate factory was the hard work of two friends who founded and running the business for a very long period. Shayam and Siva who had the vision to run chocolate business successfully are currently making their dream into reality. The organization is working on a two-wheel engine. The organization is located in Australia and has their factory and the administration office in Sydney. The structure of the organization with the role of president is taken by Shayam as he is the mind behind the brand and is working to manage almost all the other profiles in the business. Shayam is managing other important roles to run the business successfully such as the post CEO and COO whereas Siva handles the post of CFO and VP-sales and marketing with respect to that the organization have thirty more employees under the belt of Shayam and Siva. Meeting Attendance Shayam and Siva head the organization only so the board meeting only needs the attendance of the head for any decision-making and implementation. Though to efficiently convey the strategy, the meeting also expects Head of the Confection, Head of Engineering and the Factory Manager (Darmadi , 2013). Level of contribution per meeting/task Every month two meeting will be held to discuss important aspect of running the organization the first meeting will be held in the second week of the month to discuss the amount of production per capita and the shortcoming on the same because of different factor involved. In the meeting the Head of the Confection and the head of the engineering team will give an elaborated report on the shortcoming if any, the marketing team will be responsible to predict the potential market and determine the sale generation for the month and will formulate necessary tactics to reach the target. In the meeting, necessary change and new product information will be discussed and reviewed along with CRS and other co-curricular activities will be entertained in the presence of all the members by Shayam and siva. The second meeting which will be conducted in the fourth week of the month to demonstrate the monthly revenue generated by the organization which will be given by the sales and marketing team le ading by Siva. The meeting will also discuss the next month plan and all the member are expected to collaborate or improving the productivity and sales of the organization (Johnson, Schnatterly Hill , 2013). Decision Making Process and Governance All the desiccation for the well being of the organization will be taken care of by the CEO and the CFO, to make the decision they will consult board of members. The organization heads will decide the introduction of new product, marketing strategy and the input and output monitor and regulator. Each member of the board will be responsible for different segment of the production, administration and distribution (Mukherjee Mohammed , 2015). December The Roasting team Manager who will be governed by the Head of the engineering team and will make technical decision for the same will govern worker, Head of the Confection will make decision for the production and will have share part in governing the Roasting team manager. The CEO will govern both of the head and will take the major decision regarding the organization. Similarly agents and representative will be governed by Team lead and Store Manager who will further address to directly the CFO/VP of sales and marketing (Kaner , 2014). Action Taker Action related technicality will be taken care of by the Head of the Engineering, production and Head of Confectionary will guide manufacturing related issue. Sales and marketing related issue will be taken care by the Head of the Marketing. Administration andmanagement related action will be taken care by the HR. CEO will take action to accomplish long-term goal, he will be responsible for making decision for the firm. CFO will take action related to project in hand; he will take care of the financial aspect of the organization by monitoring and regulating control over Finance for the organization (Ciccolini , 2014). Standard of Work CEO and COO will take decision regarding the organization he is the person with liability; he will link the outside world with the internal work of the organization, he is the face of the organization and also the articulate companies mission and vision to the sub ordinate, he develops leadership within organization and recognize, encourage and reward productivity. He is responsible for day-to-day operation, COO is responsible for the development, design, operation, and improvement of the systems that create and deliver the firm'sproducts. COO ensures efficient and effective business operations,propermanagement of resources,distribution of service and goods to customers (Koh et al., 2013). CFO and VP of Marketing and Sales will be responsible for quantitative and qualitative financial analysis, annual budget, build relationship with the bank, and other source. He will be responsible for hold meeting with the investors and banks to acquire capital for function of the organization as well as he is responsible for outlining the sale target and strategy to reach company goal and customer satisfaction (Mintz Currim , 2013). Mission and Vision of the Organization The Mission of the organization is to carry forward the expertise both in Chocolate and in Confectionary. The Vision is to provide the customers with delightful moments. Organizational Hierarchy (Source: Custdio Metzger , 2014) References Custdio, C., Metzger, D. (2014). Financial expert CEOs: CEO? s work experience and firm? s financial policies.Journal of Financial Economics,114(1), 125-154. Mintz, O., Currim, I. S. (2013). What drives managerial use of marketing and financial metrics and does metric use affect performance of marketing-mix activities?.Journal of Marketing,77(2), 17-40. Koh, J. T. K. V., Zhu, K., Peiris, R. L., Tharakan, M. J., Nakatsu, R. (2013, July). A Hierarchy of Needs for Developing Interactive Artworks, Systems and Products. InInternational Conference on Human-Computer Interaction(pp. 268-272). Springer, Berlin, Heidelberg. Ciccolini, J. E. (2014).Chocolate, challenges, and change: Labor trends of working women at the Hershey chocolate factory in Hershey Pennsylvania, 19291972. St. John's University (New York). Kaner, S. (2014).Facilitator's guide to participatory decision-making. John Wiley Sons. Johnson, S. G., Schnatterly, K., Hill, A. D. (2013). Board composition beyond independence: Social capital, human capital, and demographics.Journal of Management,39(1), 232-262. Darmadi, S. (2013). Board members' education and firm performance: evidence from a developing economy.International Journal of Commerce and Management,23(2), 113-135. Mukherjee, S., Mohammed, S. K. (2015, December). Low-complexity CFO estimation for multi-user massive MIMO systems. InGlobal Communications Conference (GLOBECOM), 2015 IEEE(pp. 1-7). IEEE.