New Tech Ltd Case Study - Business Assignment Help

Assignment Task:

Assignment Task:

Scenario 1: A corporate venture at New Tech Ltd 

Background 

New Tech Ltd is relatively new to the Australian scene, having started in Perth in 2012. The  company now has 75 people evenly spread into offices in Brisbane, Sydney, Melbourne and Perth,  where the CEO is situated. The company provides new technology solutions to business, and its  claim to fame is being able to understand and interpret a business’ technology needs and find the  solutions that are just right for them. They then go on to assist in the procuring of the technology,  including development of the tenders, handling negotiations and project managing installation. On  occasion they will contract aspects of their work out and involve specialists, such as legal talent and  targeted technology gurus to assist them.  

The technology solutions they are charged to find may be communications or IT based, but often  go beyond this into manufacturing industry machinery and robotics etc. They also look at leading  edge IP and software that is associated with the technology. Business has been good for the  company over the past eight years with the company growing from the team of five partners and  seven initial staff to now having seven partners and about 70 full time staff, as well as relationships with over 100 potential contractors. 

Structure 

CEO - Managing Partner 

Director - Business Development (2 partners, 3 State Leaders, 12 staff) 

Director - Business Analysis (2 partners, 3 State Leaders, 15 staff) 

Director - Sourcing (1 partner and 3 Specialists) 

Director - Delivery and Implementation (1 partner, 3 State Leaders, 30-40 staff) 

Your opportunity 

You have been a Business Development Manager at New Tech for the past three years and enjoy  working with a company that has good processes and an openness to new ideas. In recent months  you have been toying around with an exciting and highly novel entrepreneurial idea for a possible corporate venture that New Tech could start up and operationalise. Your gut tells you that this idea could prove to be a valuable pivot and possible game-changer for New Tech, especially as it seeks  to grow while at the same time diversity to better meet the changing demands of its clientele.  

You have tentatively flagged with the CEO that you have an idea to share with him about a new  strategic venture at New Tech and he has asked you to put forward a more detailed proposal in  written form, as well as a short verbal presentation. It is to be presented to the company’s partners  and Senior Management Team.  

While the CEO said that he expects the senior team will be open to innovative ideas and may agree  to back a new internal venture, they will want to know why you are making the suggestions you  make and will need to see strong evidence that what you’re suggesting will work. The CEO is a  Harvard University MBA and is impressed with well thought out recommendations based on solid  research; but he will also be looking for something unique that targets exactly where New Tech is at  now, and where it wants to be in the future.  

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