Final Project Plan

Project Introduction

Thien Thai

CIS599

Professor Wade M. Poole

Strayer University

Jan 15, 2020

Project Introduction

Philips Corporation is a multinational company headquartered in Amsterdam. The company is involved in such activities as producing electronic equipment such as electric bulbs. The company produces electric bulbs on a large scale basis and has been able to supply this product to many parts of the world markets. Phillips uses its several branches that it has set in various parts of the world to distribute the electric products. The company supplies its headquarters with electric bulbs and then leaves the responsibility of selling this product to the local managers (Newton, 2016). The revenue from the sales is then remitted to the producing company.

Again, the company is involved in the activity of producing medical equipment such as X-ray equipment. For countries that need so many medical equipment of this nature, a special order has to be made and the company allowed time to manufacture the equipment. Buyers making these kinds of orders are usually required to pay half of the cost of the equipment to be supplied. This initial cost is supposed to demonstrate that the buyer is committed to the agreement (Garwood, 2018). If the buyer is a private individual, payments are usually required to be made before the real supply of the equipment to be supplied.

The company’s outsourcing opportunity of marketing has great potential for improving the overall sales. In any case, the company will hire a third company to enable it to market its goods, it will be able to cut its sales. This is because another company will be doing marketing on its behalf. Typically, outsourced companies bear the cost of all the services that they have been hired to perform. The companies outsourced must quote an overall cost that is lower than that which the company is incurring on a regular basis (Newton, 2016). Outsourcing will enable the company to improve its efficiencies.

Besides, the company’s offshoring investment opportunity has great potential contributing to the expansion of the company. The increasing population across different parts of the world is increasingly creating new markets that the company needs to explore. In any case, the company will take advantage of the new market opportunities, it will be able to set up new branches enabling it to expand. The significance of expanding, in this case, is that it will enable it to build its reputation. Moreover, this will enable it to attract highly experienced staff to perform its activities (Garwood, 2018). It will enable the company to build high-quality products and services.

The company has an operations system that supports its business by enabling its access applications without having to write programs. Microsoft application, for example, enables the company to create queries so that it can be able to obtain particular information that it is looking for. In any case, the management want to know the employees that have reached the retirement age, for instance, they have to use this application to get the names of all of their employees that have reached the retirement age. The significance of the queries is that they lead to quick retrieval of information (Newton, 2016). This is especially in a case where a company has stored a lot of information.

Philips’ databases support its business by providing stored information whenever needed. Whenever the company is planning to review previous reports so that it can look at the challenges that were faced and plan effectively, data is retrieved and measures formulated to prevent the company from facing similar problems. In any case, the company, for example, faced the problem of hacking in the past according to the stored information, this can be used to provide more security measures to prevent the company’s systems from being hacked (Garwood, 2018). The company may, for instance, decide to create strong passwords that are changed on a regular basis.

The company’s data warehousing supports its business by streamlining the flow of information. The importance of streamlined information is that it makes it easier for administrators to retrieve any information that they want. The administrators save time when it comes to retrieving information from the database. The flow of information is also faster during transfer from one department to another. This faster communication between the companies’ is made possible by its high-speed network (Newton, 2016). Usually, the company has to access the internet for it to store its data in highly secure systems.

Philips’s cloud technology and virtualization support its business by enabling the company back its stored data. The cloud technology offers various storage spaces to companies based on the needs. Some companies need large storage spaces while others need small storage spaces. Philips is an example of a company that needs a large storage space for its data. The reason for this is that this company handles large sets of data (Garwood, 2018). The significance of storing data in the cloud system is that it enables the company to access it from any part of the world.

The cloud technology and virtualization technology support its business by providing the company with large storage space for its data. The significance of this is that it helps the company to ensure that all of its data is secured. In any case, the cloud system was offering only a small space to the company, some of its data would not be secure since it means that they will be stored in the computer system that are prone to damage (Newton, 2016). It is difficult for companies to lose their stored information from the cloud system.

The company’s network infrastructure and security support its business by enabling the company to send and receive files to its offshore branches. The ability to send files securely to branches located in other countries implies that there is no need for the company to send employees to physically deliver the files. It means that the network infrastructure is enabling the company to save its costs. This is for the reason that sending an employee to deliver a file will lead to increased operational expenses in a company (Garwood, 2018). The margin of increase will be big for the reason that the company would need to send so many employees to its many branches located in different parts of the world.

Additionally, the company’s network infrastructure and security support its business through enabling the company to update its operating system. The importance of updating an operating system is that it helps prevent the company’s system from being hacked (Newton, 2016). Typically, updating an operating system helps ensure that the new security features are being used to protect a database. Continuing to use an old operating system prevents a company from taking advantage of the newly developed features to guard a system from cybercriminal activity.

To conclude, Philips Corporation is mainly involved in such activities as producing electronic equipment such as electric bulbs and medical equipment such as X-ray equipment. The company’s outsourcing opportunity of marketing has great potential for improving the overall sales. Besides, the company’s offshoring investment opportunity has great potential contributing to the expansion of the company. The company has an operations system that supports its business by enabling its access applications without having to write programs. Philips’ databases support its business by providing stored information whenever needed. The cloud technology and virtualization technology support its business by providing the company with large storage space for its data.

References

Garwood, D. A., & Poole, A. H. (2018). Project management as information management in interdisciplinary research: “Lots of different pieces working together”. International Journal of Information Management, 41, 14-22.

Newton, R. (2016). Project management step by step: how to plan and manage a highly successful project. Pearson UK.