INTRAPRENEURSHIP PLAN
EXECUTIVE SUMMARY
HDI Securities Inc. is a participant in the Philippine Stock market and had been incorporated since May 26, 1992. The company formation was dated back to the patriarch of the Chai clan (Singapore based clan chia family) who come together to own a seat in the Philippine stock market. The aim and objective of the company is to function as a brokerage firm to cater for the investments of its fund providers.
Currently the company is facing the challenges provided by the economy in which it was rank as the 37th position spot in the overall performance for 2015. This weakness is cause mainly by three external factors which are: the legal, technology and economic environment in which the company is competing. This weakness has posed threat to the investors of the organizations who are the income earners and specifically the minimum income earners.
Moreover having considered all the challenges facing the organization; the organization can survive these threats by using any of this innovative technique: starting to offer small capital investment scheme that is affordable to the minimum wage earning individual while complying with every necessary available legal policies and regulation in the economy.
According to Boone and Kurtz’s (2014), an entrepreneur conceives new idea for an existing product or services and makes available innovative ways to overcome difficult problems and situations. Using the concept of creativity and innovation, the proposed intrapreneurship plan for HDI Security Inc. is to utilize current investors fund to source for where their money can be invested while making transparent information available on a routine basis. This is an innovative idea due to the fact that the plan is not diverting from its primary objective of the company in investing for the clients but the new way the plan will treat the fund generated is unique. The fund generated from the capital investment scheme will be invested into other sectors of the economy on a prorate basis by investing huge amount of the fund into the real sector that is highly profitable while the remaining capital will still be used by the company to maintain its stand in the Philippine stock market. The real sector to be invested will be the infrastructural sector and the agricultural sector meaning that the company will divert to investing in the basic necessity of lives which the demand can never fall but keep increasing on day to day basis.
BENEFIT OF THE PLAN
Return on investment is one of the most popular performance measures and evaluation metric used in the business analysis (Alexei and Peter, 2011).This idea will motivate our existing investors and also potential investors who are still thinking about investing in the organization. The investment portfolio risk will be spread across these sectors. By providing information on a routine basis on the progress of these investments, this will interest and attracts more funds from the investors which translate to large capital base to finance big projects in the mentioned sector of the proposed plan which will adequately lead to higher rate of return or return on investments for the organization at the end of the financial year. The investors can also be motivated to plough back their return in order to have more capital base for the coming period to get more return on their investments.
This will benefit the organization in terms of return on investment because a sure income generating sector in which the organization will invest in will definitely and certainly generate high return on investment because in as much as the economy is still in high demand of the production of the sector in which the organization is diverting some of its funds then there is certain and sure return for the investment in such sector.
THE VISION OF THE IDEA
Developing your mission is often the most valuable part of the dynamic planning process (United Nations conference on trade and development, 2012).
The vision of this idea is to become the number one brokerage firm that give sure and confidence return to investments and to attain the number one position in the ranking market.
This enterprise will be committed to the task of utilizing the fund made available by its existing and potential investors in funding high return projects that will satisfy the desirable interest of our clients. The principle behind our operation will be to ensure that cost are minimized and value is of most importance in any investment we desire to venture.
RESUORCES REQUIRED FOR THE PLAN
The resources needed for this plan to be successful are
• The fund generated through the capital investment scheme.
• Professionals/Expertise in the sector in which the fund generated will be invested
• Marketers who can sell this idea to private/institutional investors to generate more funds
• Routine reports to be provided for external need of investors and interested participants
THE INTERDEPARTMENTAL RELATIONSHIPS REQUIRED TO PERFECT THIS PLAN
It is clear that departments have distinct orientation and different ways of doing things (Levy, 2011). The department to fulfill this plan will have to work as a team. A team is a group of people with certain skills who are committed to a common purpose, approach, and set of performance goals (Boone and Kurtz’s, 2014).
The fund generated through the capital investment scheme and routine report will be handled by the finance department, the professionals and expertise required for investing in the decided sector will function under the operation department while the marketers will also function under the marketing/sales department. These departments are interdependent of each other.
TIMELINE FOR THE COMPLETION OF THE PROJECT
For the purpose of this plan, the timeline for the completion of the project will be as follows
STAFFING THE INTRAPRENEURSHIP PLAN
Requirement and selection is the process by choosing the most appropriate person for a job (Naheed and Amir, 2012). A business is success is highly dependent on the workforce available in the company. The aspect of staffing in an organization cannot be over emphasized because human resources are the top priority asset organizations need to thrive.
Effective human resources practices are very important to achieve behaviour that are positive in an organization which lead to innovation (Tan and Nasurdin, 2010). A positive mental attitude to work is sufficient enough to achieve the stated intrapreneurial plan and this is why rigorous selection and recruitment process will be adopted to ensure that it is the qualified personal that will be assigned to each task.
The required staff for this plan will be categorized departmentally and will include
Finance Department: 3 staff
Marketing Department: 30 Staff
Operation Department: 10 Staff
THE RECRUITMENT PROCEDURE
Rashid Alshekaili’s (2011) opined that having management knowledge boosts the relationship between human capital and innovation performance. For the purpose of this plan, the recruitment procedure will be divided into 2 recruitment procedure and are: the internal recruitment and the external recruitment. For the purpose of the internal recruitment, some current staff already working in the organization will be transferred as a staff under this plan. The number one person is the general manager who shall also oversee the affairs of the other manager to achieve the fulfillment of this plan.
The internal recruitment will be for the management team and the procedure is simply to access the qualifications of interested internal staff to ensure that they have the required qualification for the position.
The general manager must be a holder of MBA and other qualification displaying his professionalism and skill, finance manager must possess the major degree in the finance/accounting field and professional qualification preferable ACCA while the remaining finance assistance should just be a degree holder of accounting, the operation manager must also be a qualified manager professional while the marketing/sales manager should come from within the organization possessing the necessary qualification and an advertisement/sales/marketing.
The next step is to conduct an exam for them in their discipline to test their knowledge using real case analysis after which interview will be conducted to satisfy their interest in the intraprenuership plan.
For the external staffs who shall work under the operation and marketing department, the selection procedure will be the outsourcing of the employment to an expertise of their various discipline in order to get the best and fit employee for the market field and operation field.
THE KEY POSITION TO LEAD THE WORKFORCE
For the purpose of this plan, the number of management staff required is as follows:
The General Manager
The Financial Manager
The Marketing Manager
The Operation Manager
JOB POSTING
For the purpose of this segment the website contacted for the review of job description and salary rate were Career Builder (2016) and Pay Scale Human Capital (2016). Career builder was consulted to generate a review of the description which will be allotted to the staff working under the role identified while pay scale was consulted to generate the current rate of salary fit for the role described.
General Manager
The General Manager will lead the Management Team and will also take responsibility on the followings:
Work with the Management team for advancement of the plan
Performs and administers all partner administrator obligations
Gets ready worker timetables and keep finance inside of levels
Guarantees that all items and administration things are made available as at when required
Successfully speaks with everybody and speaks about the objectives of Management Team
Advises Management Team on any client dissensions
Shows others how things should be done
Administer, backing and guide corporate store faculty
Screens fill ups, go down and client orders
Guarantees menu things are arranged appropriately
Guarantees adherence to strategies and methodology, setting the standard for magnificence of the plan
Executes changes to frameworks as required by Operational Manager
In charge of representative support, including contracting, terminating and preparing whole staff
Meets with field expert to create arrangements to enhance the business and expansion deal
Guarantees all sustenance and wellbeing security practices are being taken after
Guarantees sustenance cost controls are being taken after; Organizes administrations as important to make repairs and appropriately keep up the office and grounds
Masterminds preventive support or repair on gear as essential
Regulate all accounting and keeping money if required by Management Team
Screens stock and get ready requests as vital; Conducts consistent representative gathering
Drives colleagues to one basic objective of customer satisfaction
Guarantees all restrictive data is kept private and all workers are acquainted with the terms of their job assertion
Sticks to organization norms, including individual cleanliness and appearance
Annual Basic Pay= $98,000
Finance Manager
The Finance Manager will report to the Management Team and will also be in charge of the followings:
Tracking and collection of income from the clients
Control the two accounting officer to be working under him
Preparation of monthly report for the management team
Send performance report to every single relevant department
Keep up five separate financial balances including month to month compromises
Get ready and screen yearly working spending plans, and also different race spending plans Survey/assess cost decrease opportunities and other different activities and obligations as assigned
Annual Basic Pay= $85,000
Marketing Manager
Fulfill in any event indicated organization Goals
Grow new business chances to meet patterns
Develop and actualize key deals, showcasing and strategies for success
Encourage customer necessities gatherings - both in individual and/or remotely utilizing current online presentation applications
Report week by week organization figures
Create market examination to recognize client needs
Stay current with customer needs, rivalry, and industry patterns
Convey presentations to planned customers
Create and oversee customer and office connections
Oversee undertakings to ensure that they get finished in an opportune way
In charge of helping with deals/showcasing and publicizing effort
Keep up dynamic interest and enrollment in systems administration associations
Annual Basic Pay= $61,000
Operation Manager
Recognize and execute innovative cost lessening opportunities
As an individual from the expertise field, grow short and long approaches, programs, working methods and targets
Delegate obligations, give direction and provide guidance to the Floor Supervision and Operations collaborators
Keep up close reconnaissance over operations through reports, staff gatherings, perception and individual contact to guarantee coordination of work process, opportune generation, budgetary conformance and usage of individual aptitudes and machines
Help and encourage others to determine issues and actualize lasting restorative activity
Go about as a contact between associates and administration group to keep individuals educated on matters of correspondence, choices and strategies
Control or help with coordination of different projects, for example, housekeeping, cost diminishment, plant security, staffing and time-based compensation organization, consistent change
Help with the meeting process for authoritative, administrative and supervisory positions
Guarantee all plant efficiency, quality and security objectives are accomplished
Guarantee all quality and procedure techniques are taken after at all levels in Production division
Guarantee spending does not surpass spending plan
Distinguish target execution levels; challenge group to accomplish objectives
Set up exact generation models, screen profitability execution consistently
Work with the upkeep groups so that the groups are totally coordinated into and dependably in backing of operational goals
Annual Basic Pay= $60,000
Accounting Assistant
Help the Finance Manager in securing data from income and expenditure records and restorations; help with sending data out to protection market for quotes.
Plan and send quotes and fasteners to the clients.
Substantial accentuation on information passage and charging of approaches.
Requesting of most valuable records and Loss Runs for customers to reduce of danger.
Issue ID cards and Certificates to customers when requested.
Annual Basic Pay= $45,000
Marketing Staff
Execution of promoting arrangements, including item situating, effort methodologies, and business sector procedure bits of knowledge.
Discovery of key business opportunities through cross capacity coordinated effort with deals and human resources.
Marketing open door for income
Provide item-benefit support so as to build up appropriate channels of data and correspondence.
Responsible for marking, publicizing, exchange appears, organization occasions and special guarantee
Work with administration on activities managing media relations, business correspondences, examples of overcoming
Annual Basic Pay= $39,000
Operation Expertise
Supervise the task of investment project assigned by the operation Manager.
Work with the Operation Manager to create timetables and arrangements in view of the working prerequisites and hardware needs.
Sets up methodology and institutionalized techniques for work.
Furnishes the Operation Department with data and verifiable information important to assess upkeep exercises and get ready essential reports.
Gives spending plan information and data to the operational program, including working, capital consumptions, and offices support.
Recognizes ranges for representative improvement and arranges and partakes in operation preparing programs.
Conducts occasional assessments of work prerequisites and profitability, and makes suggestions in regards to levels and execution administration.
Conducts episode/mishap examinations and prescribes restorative activities.
Must watch and consent to all standard wellbeing codes and rehearses, and perform work as per perceived exchange and organization gauges and, where relevant, neighborhood, state, and government laws.
Must partake in required preparing and different projects.
Performs other related obligations as required
Annual Basic Pay= $38,000
References
Alexei, B. & Peter, A. (2011). A Return on Investment as a Metric for Evaluating Information Systems: Taxonomy and Application. Interdisciplinary Journal of Information, Knowledge and Management, 6.
Career Builder (2016). Job descriptions for different roles retrieved on 30 January 30, 2016 from www.careerbuilder.com.
Gitman, L. J. (2009). Principles of managerial finance (12th.ed). Pearson, Prentice-Hall, Boston, MA
Kurtz, D. L. & Boone, L. E. (2012). Contemporary Business.15th ed. Hobokem, NJ: John Wiley & Sons, Inc.
Pay Scale Human Capital (2016). Salary listings retrieved on 30 January 2016 from www.payscale.com/research
Levy, P. (2011). Sales Support. Marketing News, March 30,18-21, American Marketing Association.
Naheed, S. & Amir, R. (2012). Is recruitment and Staffing decision are Crucial to Success. Global Journal of Management and Business Research. 12(20).
Rashid Alshekaili, S. A. (2011). Human Capital approach and Innovative Performance in Omani industrial Firms: The Role of Knowledge Management. Proceedings of the international (Spring) conference on Asia Pacific Business Innovation and technology management. Bali, Indonesia
Tan, C. L. & Nassurdin, A. M. (2010). Human resources management practices and organizational innovation: An empirical study in Malaysia. Journal of Applied Business Research, 2(4).
United Nations conference on Trade and Development (2012). How to Prepare Your Business Plan. United Nations: New York and Geneva. UNCTAD/ITE/IIA/5.
