Daily operations and production planning in business environments

¶ … business flow of how you plan to service your client base.

BCS Financial is a service-based company where, as a client-based company, my day-to-day operations will vary. The business flow will consist in habitually checking rates and data from the stock exchange and reviewing clients' portfolios. Any change in the market could affect one or more of my client's investments. I would also have to watch the other markets around the world. When I first start up the business, I will have to commence with the office supply company that I have taken over. That necessitates the requirement of personally running the store on a daily basis until the inventory has been sold. Any customer seeking services will be serviced during the store's regular hours, whilst I will continue the daily operations of running the local newspaper actively searching for someone to take it over as soon as possible.

As regards the actual tasks of BCS Financial and its business flow, I intend to review each client's portfolio and decide if any other options will service them better. Watching the stock market and Dow Jones regularly will be an important aspect of my routine. If a client would benefit from a change to their portfolio I will contact them and discuss the pros and cons of the change, advising them of my best service to improve their investment. As with any business, the usual routine of answering phones and filing paperwork will apply. Eventually, I will be able to afford to hire a secretary to handle the simple operations of my business. This will allow me to focus on daily appointments and traveling to prospective client events.

Going global will be an eventual step to increasing the span of BCS Financials abilities. I plan on working into a global plan by starting with military families. I would like to start working with the spouses of soldiers that are oversea. They will need to have someone to convert their finances from other countries into U.S. dollars and to invest them in the proper way. Working through the Internet, I will set up a referral system. Once established I will have a website dedicated to BCS Financial. I will work globally through these Internet referrals. The website alone should provide me with referrals and expand my network, whilst my local work will -- ensuring that the business is a success -- expand it by word of mouth so that clients will promote its services to others. I also plan to actively target for referrals through other of my many social networking sites, such as Face book and Twitter.

2. Suppose that you are either using offshore manufacturing or have outsourced services to another country.

• Please evaluate how economics, the government, and laws could affect value creation from a global context.

Even though the business will be run locally, I intend to go global in the long run and doing so may entail outsourcing some aspects of my business to other countries. If this be the case, I will need to carefully consider the advantages and disadvantages of doing so.

The advantages of an offshore company are that labor is cheaper; I will be saving money in other areas too (such as resources and taxes); production time will be speeded; another company is fulfilling all the duties that I find myself weak in; I will be less often away from home thus satisfying wife and family.

The disadvantages, here, are that I will have to be careful to select a reputable, honest crew -- and managers - to work for me and constantly monitor their progress so that the offshore company fulfills its task according to my objective. Here, I am not in charge -- someone else is and that may be disadvantageous in that I have specific ideas and direction that I can no longer fully control. This is particularly so since desirable results are often handicapped by outsourcing which results in a waste of time and material and can be costly for the company who outsourced the project. My solution, then, would involve carefully investigating resumes of managers and intended personnel, starting slowly, and monitoring progress of project. I can always retract if necessary carefully curtailing financial risk.