Answer To: BSBPMG624 Task 1.docx Task 1 – Form Collaborative Alliance Instructions to Learners: • This...
Saloni answered on Jun 30 2021
BETA MONEY
Level 28, 303 Collin’s Street Melbourne, VIC
ABN number : 78139566868
ACN number : 139566868
Business Plan- The target is to collaborate BetaShares and Money Magazine by giving Money Magazine’s audience access to BetaShares ETF course. On the other hand, Money Magazine can add a widget to the BetaShare website. By collaborating, money magazine audience with get basic knowledge to the Exchange trade funds and turn into potential investors in future whereas, money magazine will attract a increased number of viewer to get access to the Etf course also.
Date- June 28, 2020
The Collaboration
Service Delivery
Services : BetaShares is the leading ETF manager, providing best investment decisions that help Australian Investor meet their financial target/objective. BetaShares website have an “Understanding ETF Basic Course” designed as a collection of e-books and additional resources, this course is expected to become a growing market opportunity. Money Magazine is the digital platform which gives investor information about stock, economy, insurance, loans and retirement related plans.
Collaborate with Australian Money Magazine and giving audience an access to BetaShares ETF course and in return BetaShares could add a Money Magazine widget to the BetaShares website. The demand for this service is . During the pandemic, people can make the best use of their time and educate themself with exchange traded funds knowledge. With the increase in demand for the ETF course free access with Money Magazine,will increase demand for the magazine and more investor for the BetaShares. The more knowledge individuals will get, the more new investors it will attract. Awareness will be created through the magazine publications encouraging young investors to have a better understanding about the Capital Market. Since, Money magazine is considered as the top 7 leading financial publication, it will help to attract wide range of individual from the different segment of the country.
Proposed Business name : BetaMoney
Trading name : BetaMoney
Date registered : June 28, 2020
Location registered : Victoria
Business structure : Company
ABN number : 78139566868
ACN number : 139566868
Domain name : betamoney.com
License & permits :
· Australian Business Number
· Australian Financial Services
· Goods & Service Tax
· Trade Mark registration
· Permit to distribute handbills
· Tax Filing Number
· Australian Securities and Investment Commission
· Registration of a training contract
Collaboration premises :
The loacation for the business would be Victoria ,Melbourne. The office space required would be 500sqm. Located at Level 28, 303 Collin’s Street. With wheelchair accessibility and private meeting rooms available for one on one conversation, this would be the best location for the premises.
Lease :The lease agreement is made between the owners of the property and the company for a stipulated period of 1 year. The rent and its date of payment is to be decided and mentioned in the agreement. The payment for the water usage is paid by the landlord as agreed upon. The list of instrument fitted in the furnished premises comes with a specific maintenance policy and proper handling.
Collaboration Map
Mr. R Tyler -MD BetaShares
Mr.V Brown-VP BetaShares
Mrs. K. Rosy-CEO Money Magazine
Mr.V Brown
Mr. R Tyler
Mrs. K. Rosy
Mr J. Clark
Mr. F Pratt
Mr.J Patterson-Director BetaMoney
Management of the Collaboration
Legal Agency: BetaMoney Pty
Legal Entity/ Lead Agency Management Committee- Mr. R Tyler, Mr. V Brown, Mrs. K Rosy, Mr F Pratt , Mr. J Clark and Mr. J Patterson.
Collaboration Committee- Mr F Pratt , Mr. J Clark and Mr. J Patterson
Process : The committee members of the legal agency will consolidate all corporate information to manage and share information with other members; Amalgamate the meeting information ; Reminders for the members and employees for important dates;
and legally accurate data to be shared.
Required Staff
Job Title
Quantity
Skills necessary
Date Required
Editor
5
Adverting and promotion
1-07-2020
Software Engineer
12
Software update
1-07-2020
Customer Relationship Manager
20
Provide customer support
1-07-2020
Recruitment Options-
To obtain the required staff, the intended recruitment platform will be online advertising and training current staff members. Training current staff members to provide customer support to the access and software update for the ETF course.
Training Programs:
Few training programs will be required to expertise the new hired individuals. The free access of Money Magazine audience to the BetaShares ETF course requires a training to the employee as in how the magazine subscription can lead access to the ETF course.
Training on the technical grounds will be given by the external providers. On the other hand, training on the course and magazine will be given by in-house providers.
As the owner of the company, one has to upgrade his/her skills by keep update about the targeted market segment, capital market ,economy, employee welfare programs.
Skill retention strategies :
· Performance management and employee development policy
· Under performance management
· Managing Employee Exit
· Recognition- Financial and Non Financial Rewards
· Identifying training needs- The Australian Training System registered training organization
· Employee Assistance programs
· Employee feedback Surveys
· Flexible work arrangement
· Leadership and Communication fundamental
An appropriate allocation of responsibilities will ensure the a particular person or...