Sim’s Hardware is an Australian company which deals with the hardware products is one of the largest retailers in Australia. The main focus of this company is to deal with home improvement items. We have to discuss in this report the partnership plans and its implications regarding the policies and procedures, legal requirements and so on. Also the implications and the positive culture, resolving of conflict, organizing and allocating the work activities and approaching staff to empower them are to be considered.
Contents
Introduction of the organization.
Partnership program plan.
Policies and procedures-
Legal requirements in the plan-
Type of Public/ private partnership.
Partnership agreement:
A media campaign advertising the new joint venture.
Positive Collaborative.
(a) Process that contributes to a positive culture:
(b) Process placed to resolve conflict:
(c) Plan to organize and allocate work activities:
(d) Methods to encourage staff to undertake personal competence:
(e) Approaches to empowering staff to undertake personal competence:
(f) Indicator and process feedback for work environment:
Conclusion.
References.
An Australian company named as Sim’s hardware is one of the largest retailer of hardware in Australia. The products in which this company mainly deals are the hardware such as paints, house wares, outdoor, garden, tools etc. It has 138 stores all over Australia with having around 10000 employees. In not only deals in certain products but it has a large variety of products that focuses on the improvement of home at minimum competitive prices.
This organization was started in 1921with one store in George St Sydney and has been taken a major growth from then now since. Its major focus or we can say that the goal of this organization is to be innovative by providing Flexibility to workers, paid leaves, employee friendly environment, use of resources properly, focusing on principles of waste management, encouraging and motivating employees to work according to the goals of the organization.
This organization is having a mission of providing the best quality hardware, home wares, tools, garden material etc at low cost with a good quality. Also it focuses on the responsibility of the environment, engagement with the society i.e. taking care of society etc. Also it has focuses on the risk management activities by providing appropriate systems; delegate the responsibilities to different level of workers so that the burden could not be on a single employee. Any changes made by the company are taken care of and disclosed to the members of the organization. So overall it deals with the people who are related to the organization, its assets, objectives, customers, reputation and the environment as a whole.
A partnership is an agreement between two or more persons to carry out the business as co- owners for the profit. A plan contains various policies and procedures, legal requirements, public or private partnership, requirements of resources and much more. Here we discuss some of them in detail. (Question: Sim's Hardware , 2019)
In a partnership plan, the policies and procedures must be in collaboration with both the firms. A single firm policy and procedures does not helpful in the partnership firm. So the policies and procedures required in the partnership firm might be:
In the partnership agreement, certain legal requirements are there that has to be followed by entering into the agreement of partnership with the other company. These legal requirements are:
At the time of incorporation:
At the time of registration:
At the time of accounting process:
At the time of legality:
There are several of public private partnerships such as BOT, BOO, BOOT, design- build, design- build- finance, DBFO, DBFM, DBMFO etc. But the type of public- private partnership in which the organization would like to engage in is Design- build public/ private partnership.
Design- build public private partnership shows that the partnership firm is basically a private firm in which it has full control over the manufacturing and regenerating of the products at a low cost. In this it can save time and money and also provides customers the guarantee for the product by their own. (PARTNERSHIP CONSULTING: AN IDEAL WAY TO BUILD YOUR CONSULTING PRACTICE, 2018)
Allocation of resource requirements:
The resources allocated in the partnership plan of hardware are paints, fasteners, building materials, hand tools, key, locks, chains, plumbing supplies, electrical supplies, house wares, tools and many more. And also in case of partnership the major requirement is for the good quality labor, major financial requirements, better environment and much more.
Results of the partnership program against the planned partnership outcomes are-
A partnership agreement is a deal in two parties while merging their businesses in a single business. So the agreement needs to include every single detail that is required to establish a partnership firm. Whether that detail could be of the salary of an employee at certain post or which product the company should manufacture or buys from the market.
a. The outcomes that needs to be achieved by the partnership firm would be:
b. Conducting an ongoing concern with the partner company by
c. Communication solutions we will adopt to engage with the partner company are:
Australian hardware company Sim’s hardware is to work together with XYZ ltd (assumed) on research of a technological product.
Sim’s hardware, the leading Australian hardware retailer company dealing with home improvement products and XYZ ltd, technology consultancy, updation and implementation company, will do joint research on next generation home improvement products which is more technologically prone and highly satisfying product for the ultimate consumer.
Top management of both the companies said they are also discussing for further long term and medium term collaborative projects.
Sim’s hardware opined that as a conclusion of the agreement it is planning to expand its market by diversifying into new and more competitive and innovative products and equally expecting of high demand.
The said agreement amounts to more requirements of fund which the company proposes to undertake by taking external commercial borrowings and issuance of debentures.
This agreement will going to be a most competitive deal and is having remarkable impact on the retail hardware economy. (shrestha, 2019)
The positive collaborative relationship is the key for the success and survival of the business. It creates positive culture, positive motivation, positive contribution, positive coordination etc which collectively contributes to the achievements of the goals and vision of the organization. Following are the points that need to be highlighted for the establishment of positive collaborative relationship within the Sim’s Hardware:
(a) Process that contributes to a positive culture:
Positive culture in an organization could only be achieved when the employees are satisfied in the organization, the society requirements are fulfilled by the organization, quality of products to be maintained, friendly environment for the employees are to be taken care of, encouragement and motivation techniques to be followed. Also the products provided to the customers must be quality centered so that there would not be any mistaken feedback received from them. Also the working environment provided to the employees needs to be taken care of. There needs to be healthy relationships to be maintained amongst the workers of the organization. This whole process leads to a healthy and positive culture within an organization.
(b) Process placed to resolve conflict:
In order to resolve the conflict in an organization, a proper healthy environment must be provided to the employees.
(c) Plan to organize and allocate work activities:
There should be proper planning of all the work activities and assignments and it is to be organizing properly. Work activities are to be allocated according to the skills, qualification, and competence of the personnel. There should be proper assignment of authority and responsibility relationship. Each person is responsible for its work. Accountability is to be established. And also there should be equal allocation of the work according to the qualification and competence of the workers.
(d) Methods to encourage staff to undertake personal competence:
(e) Approaches to empowering staff to undertake personal competence:
(f) Indicator and process feedback for work environment:
Sim’s hardware is an Australian company which is one of the largest retailers of hardware in Australia. It deals in various products such as paints, gardens, tools, house wares etc. The major work of this company is home improvement. So in this whole report we have discussed the partnership program plan of Sim’s hardware with one of the firm. We have analyzed the policies and procedures, its legal requirements, resource requirements and so on. Also we have analyzed the partnership agreement and discussed its outcomes in the partnership process, and also the consultation and the communication solutions regarding the same.
We have shown a media campaign advertising on research of a technological product in which the top management long term and medium term corroborative projects performance guidelines is shown. Also we have discussed the positive collaborative relationships within the Sim’s Hardware including its positive culture, conflict resolving, organizing of work activities, methods to encourage staff and other has been recognized.
Partnership Consulting: An Ideal Way to Build Your Consulting Practice. (2018, Feburary 14). Retrieved may 7, 2020, from https://nation1099.com: https://nation1099.com/partnership-consulting/
Question: Sim's Hardware . (2019). Retrieved from https://www.chegg.com/: https://www.chegg.com/homework-help/questions-and-answers/sim-s-hardware-part-australian-retail-fandscape-last-many-decades-known-sim-s-hardware-ope-q40883980
shrestha, S. (2019, March 19). Introduction to SIMS Hardware. Retrieved may 7, 2020, from https://prezi.com: https://prezi.com/p/gfmql-x3l7s1/introduction-to-sims-hardware/https://www.chegg.com/homework-help/questions-and-answers/sim-s-hardware-part-australian-retail-fandscape-last-many-decades-known-sim-s-hardware-ope-q40883980https://thepartneringinitiative.or
The Benefits and Risks of Partnering. (2019). Retrieved may 7, 2020, from https://thepartneringinitiative.org: https://thepartneringinitiative.org/the-benefits-and-risks-of-partnering/
Wernette, W. (n.d.). 6 Communication Tips To Secure Lasting Business Partnerships. Retrieved may 7, 2020, from https://www.allbusiness.com: https://www.allbusiness.com/communication-tips-secure-lasting-business-partnerships-21267-1.html
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