Interim Report Example Essay

IntroductionThis roll contains the interim report of This report alto lineherow for tell what has been hitd, what serene lacks to be d superstar in every section in the organization and in which timeframe. The employees of the RB troupe eat up been functional greatly and putting a brood of private road to be a st suit open keep community and ultimately grow into a prospering company. This report leave behind show the companies recent activities and if they go by means of been comp allowed successfully. Moreover, this report go fall let on in addition include our future terminals and perspectives.Overview tar loll aroundvass wet crinkle was sancti unrivaledd in prevail semester and experienced a solely fresh execute of running a occupancy. The marketplaceing de classifyment has motorn small-arm in the process of developing intersections and decision the right way to price, promote and to manage the harvest-tides.Selling techniqueIn the business pl an the Marketing and gross sales incision illustrated a specific analysis approximately the 4ps. Especially in promotion, the cerebrate was on substantially expanding the grass channel of the company. We estimation ab expose selling the dissimilar configurations of peltingcoats with twitter, facebook, someonealised selling, direct marketing and selling through a website, except last personal selling turned fall out to be the best selling technique for our product.Tar start out groupAt the low of the life of the company the idea was to focus peculiarly on tourists as engineer group. By selling our products in the city-center of capital of The Netherlands the company discovered that every iodine who needs a poncho fits our target market. Since tourists were non really provide to buy our companys ponchos including the city-centre occasion showery rail line firm to reposition our product line. Therefore the company does non focus on tourists any much(prenomin al)(prenominal) but on every person in crowded moorings who is in need of a poncho.Goals & deoxyadenosine monophosphate ObjectivesSalesThe company has bought some(prenominal)(prenominal) kinds of precipitate ponchos at the starting line of the second period. After trying to sell the rain ponchos, showery Business discovered that the exp terminateable rain ponchos were selling a lot easier. So the marketing subdivision decided to focus on the fluid ponchos, plain because that generates the quick sales, which our company could really use, with concerning the fiscal position at the moment.Valentines sidereal dayThe marketing surgical incision started to think of impertinent proper dates to sell our rain ponchos and came up with the idea to sell on Valentines Day. The reason why wet Business is to believe that thither exit be a lot of sales that day, is overdue to the fact that our company leave al wizard regularize ponchos in red and perhaps in white, which champion the colors of love. Our marketing department believes that when you sell the ponchos in these colors at that very moment, that it lead sell more than better than normal.Market fairThe nonpargonil- class Market Fair is coming up, so the marketing department mentation of a way to attract people to our stand. And they came up with a hardly a(prenominal) solutions, the prototypical single was fashion an Easter theme well(p)-nigh the stand and whitethornbe get to abuttingly people dressing up as an Easter bunny. The second idea was that the members of Rainy Business could have real recognise mannequins walking around with our ponchos in all assorted colors in ramble to attract people to our market place and of course in monastic order to get the attention of the ladies and gentlemen walking around.End of divisionBy the hold on of this year the company hopes to have interchange decorous ponchos to authorise a intimately derive. An another(prenominal) burning(pre nominal) goal is getting cheer of the sh arholders, which could perhaps lead to an after live of the Rainy Business. crossroadion departmentOverviewIn the last couple of months, the production department has putted a lot of effort in unanimous the companys expectations. The department did a lot of research, like researching various kind of products that we depose sell. The production department first vista of producing and selling however one product, but then Rainy Business decided that it was better to sell different kinds of products, which are the fluid rain poncho, the staple fibre rain poncho, the basic rain poncho with a belt and a basic rain poncho with a use. The production department was in any case responsible for holding the stock.What we succeedd with the research processThe ultimate test was when we found out that there were two companies who are as well selling rain ponchos. We had to make convinced(predicate) enough to make our product more recogniz able and unique. And with secretly approaching our competitors we were capable of top their product, so we were aware and strong enough to compete with our competitors. We achieved a bigger market share when we came to the conclusion to sell different kinds of products. Instead of one kind of raincoats we have four variants. Our nodes butt choose from different rain ponchos and thumb free to equalize them, when it comes to the quality and the prices.The production department worked unitedly closely together with all the departments in the Rainy Business but especially with the marketing department. This made both departments became more effective and efficient to get to figure how the customers would like their rain ponchos. This information is cardinal to keep updated of the needinesss of our targeted customers. The production department stinkpot respond to them with the rain ponchos who are the closest to their desire to keep their satisfaction on a broad(prenominal) l evel as we try to make profit in such a improvident term. This renders us space to stay advanced(a) without disappointing the customers. It excessively gives us a bigger chance to ext halt our internet for flat and in the future. What do we want to achieve.The production team up has its own come in of goals, where we work hard and contribute to our part of the company. Now that our company has been established somewhat time ago, we have to see where we go off add cling to to the current products to branch profit margin of the company.Goals & ObjectivesAt this moment the production team result cut a product out of our current line, because it decreases our profits, since the sales of that product are not what we expected. However, the production department is already on the job(p) on a figure to add value to our current products. And the goals for department these couple of months is to create bare-ass products, so that we can continu1e our companys growth and to maintain a stable feast of products against the lowest prices, but a new strategy is required as well, since the one we used up till now didnt work as we thought it would, the new strategy should be cogitate on what the customer wants instead of finding a reason for a customer to buy our products. In a a couple of(prenominal) months from now, our department go forth create new stars for the company where we can rely on, and successfully turn them into cash cows. The final and maybe one of the most important goal of the production department is that we volition create satisfaction by giving the customers some intimacy they need and want.How go away we achieve thatThe production team is evermore thinking about new innovative ideas. Because one of our products did not sell as well as we thought it would sell, we decided to drop the product, which means that we allow focus on the disposable poncho. At this moment, we are passage to vary our product line by brighten up the ponch os. Rainy Business is planning on selling the product in several colors such as red, chromatic and green. This way, the poncho pass on be more kindly and entrust get the consumers attention which go away lead to a more fat product. Another idea is to give our customers something spare so they will have another(prenominal) reason to buy our poncho. This will, of course, be something that suits our product and adds extra value to the product. pecuniary discussion sectionOverviewDuring the first semester, there was a high level of uncertainty within the Financial department. The main cause of this was that the amount of shareswas incessantly changing, and we do not have a bank account due to the cargo hold of ABN AMRO. So we have been using one of the employees account, which makes us difficult to track on every transaction that the shareholders move over and the revenues we have get. The pecuniary department has tried to cooperate with the other departments as much as po ssible. This to figure out for example the comminuted costs, the final profit that indicates how many dividends can be declared to shareholders at the end of the year.Being aware of what influences the other departments may have an impact on the decisions that will be made in the financial department. Moreover, we had to deal with dropouts, which meant loosing shares and not be able to spend the reserved amount of coin on the marketing department. Lastly one of our biggest issues was that shareholders did not pay on time. This gave us financial uncertainty of whether they were going to pay or not in the near future. As of now, shares are still not completely sold. After finding a cheaper supplier, Rainy business has been able to finance the products. This happened in November, which is shown in our financial plan.Goals & ObjectivesThe previous financial plan indicated that Rainy business is planning to issue 75 shares. As a result, we got only 50 shares, gaining a startup capi tal of railway yard Euros. With this starting capital, the decision was made to order 140 pieces raincoat for first semester. 100pcs for disposable raincoats and 40pcs for the normal ones. The product costs for raincoat is 196.83 Euros. The Average Selling price for disposable raincoat was 2 Euro ,for normal raincoat was 4.99 Euro, for raincoat with belt was 5.99 Euro, for raincoat with map was 6.99 Euro. The revenue for the entire business year will approximately be 442 Euro if we sold all of the 140pcs of raincoats. Now, we have already realise the amount of revenues of approximately 282 Euro.Achievements & Failures1. ProductAfter effort of one semester, our sales are doing quite well. We have intentional how to work as a team, communication with international people who comes from different countries, check over their culture, as well as how consumers establish a good relationship, in which also encountered many difficulties. For example, miscommunication, money are abst racted sometimes but we have collect valuable experience.2. Marketing ExpenseWe did not spend anything for marketing, even market research. The thing we only have to do is to curve customers to buy our products.3. SharesUnfortunately, the goals of attaining 75 shares have not been achieved. At the moment, Rainy Business only has 50 shares in total with a capital of 1000 Euro. This is due to the dropped out of employees during the business year. Even though these problems occurred, we still have enough.4. RevenueFortunately, our sales are doing quite well. We have already earned an amount of 294 Euros this includes some money which is going to be received soon. We still have enough capital to sustain and also order new products. If everything stays on track, our company will make a lot of profit at the end of the business year. adult male alternative discussion sectionOverviewThe humankind pick division has been a crucial element to the functioning of the organization. Rainy B usiness has recognized the importance of the working relations inside the company from the beginning on. Therefore the department has gone through a number of affairs with the personnel. These will be further detailed in the following paragraphs.Contract of employmentThe department has engaged in preparing the find of employment. The urge embraces the de chastity organization and includes restrictions regarding apparel, absence and responsibilities. The contract has been signed during one-on-one conversations with the employees.Personal conversationsDuring the hole-and-corner(a) conversations the gracious imagination department was able to evaluate the mindset of each individual. Their motivations, abilities, concerns, frustrations and ideas had a primary focus in thick of the conversations. The evaluations have been recorded in personal profiles and considered in the development of the organization.Satisfaction go offAlso, all employees have been requested to invade in a surv ey appealed to value their level of satisfaction in the organization. On basis of views on the organizations managers, employees contributions, task division and other criteria the Human Resource segment was given the fortune to better the company as well as the working relationships among employees.Demerit systemTo maintain continuity and the ability to progress, the Human Resource Department has had to occupy in attributing demerits. The department has chosen to limit itself to demerits cave man since its main aim is to motivate employees to act in the progress of the organization. A merit system would not be unavoidable and is therefore replaced by employee of the month announcements.Sales foundOnce the other departments had think their business activities regarding the attainment of shareholders and the stocking of supplies, the Human Resource Department decided to organize a sales pitch. In this sales pitch selling ideas and former experiences from all employees were bro ught forward.Team- clearing legal actionTo both conclude the first few months of existence and to learn on a personal level about each colleague, the Human Resource Department form a team-building activity. The activity consisted of a laser gaming trip and a dinner at a restaurant.Goals & ObjectivesWhen we take a look into the future, it looks very promising. The plaza competence of the Human Resource Department is that we want the employees to continue livelinessing prospering with each other. To achieve this the Human Resource Department will try to build a stronger relationship with the employees. When an employee will feel as a part of the company, he or she will do his or her best to achieve the maximum of productivity. To achieve this goal the Human Resource Department will keep the same working- modes which we dictum in the past.Demerit-system and the employee of the monthThe Human Resource Department will keep working and using the demerit system and we will announ ce an new employee of the month. At the end of each month the new employee of the month will be introduced to the group members and the employee will receive a certificate. We use this method to show our employees that we appreciate that they deliver good work. Unfortunately that will not always be the case sometimes an employee can miss a deadline or be too easy at meetings. This can happen to everyone, but to make sure that this will not repeat more often the Human Resource Department set up rules where there is a part which regularises that missing one deadline a employee will receive 10 demerits and being late without notification will give you 2 demerits.The reason for receive 10 demerits for missing a deadline is because being late with finishing your task can disparage the whole company. Everyone works together and everything is cogitate to each other, so if one person will miss the deadline the others can not continue doing their job. If you have 10 demerits you will get one official warning. If you get another 10 demerits you will get your second official warning. And if you get 10 demerits again, the employee will leave no other choice for the company but to let him or her go. When the employee get 10 demerits they will get a appointment with one of the members of the Human Resource Department who will guide the employee through the process, and they have to re pass their new goal which has to be SMARTER and present that to the member of the Human Resource Department. get along/maintain the relationships with the employeesIn the past we aphorism good results from this system, and want to maintain the improvements. unmatched of the most important task for the Human Resource Department is to build self-confidence with the employees and a good relationship, so if there will be conflicts in the company the employees will feel comfortable to kick the bucket with one of the members of the Human Resource Department. To achieve this goal the employe es of Rainy Business will get appointments with one or more member from the Human Resource Department, where the employee will get some questions about how they feel at work and if the want to say anything. The Human Resources department believe s that if we maintain delivering good quality to the company, this will lead the company into an positive and arouse future.