Strategic Entrepreneurial on Business Growth Assignment

Assignment Task

1. New Agents

• Irene will have to work on the staffing for the
• Tradition works like observation and evidence gathering by agents on their target is the largest part of the detective work.
• More agents will be required for an increased of cases.
• New Agents can work on 2-3 cases at a given
• A balance of work is required -Sufficient work to keep people busy / Earn Fees / Not being too busy which might affect the quality of
• Each case lasts about 3
• As per Irene she will require approximately 5 new (But this is not sure)
• Irene is unsure as to how to organise a larger version of her

2. Management Dilemma

• Stewart was able to keep track of the Beeston Bikers informally and made sure they weren’t charging extra for no work done. Due to the small organisation, Irene was also able to keep track of the `Beeston
• Large no. of cases would disrupt this practice and Irene and Stewart will not be able to keep out an eye every
• Irene will need a new system for case selection and handling for large no. of cases to support a more significant
• The system of case selection cannot rely on Irene to review and allocate as that will make Irene occupied in challenging cases and have no time to review and allocate cases to other

2 Options:

• Simply expand the current way of working with an informal approach to organisation
• Put in place a formal management structure

Irene’s Choice:

• She wants to set up a formal structure with clear reporting lines but does not want to do a desk management work every day.
• The main reason for Irene to start the business was to be out solving cases and
• Maybe the new agents can be allocated a share of the Biker’s

3. Agent Cost

• An experienced field agent will cost around £ 50,000/- each year with CTC of £ 65,00/- including taxes and
• These agents can manage their own cases and workload without much supervision and will bring in good business for the
• The agents are charged £50 per

Challenge

• Stewart earns only £35,000 which was generous for the work that he
• His feeling post knowing new staff members’ salary earnings significantly more than him would need to be taken care of.
• He does good work and contributes to the business, but he would not be able to generate the same fee income as more experienced

Additional

• New office might not be required as staff will be on the field and working
• New agents will however need a new phone and a laptop costing £100 per agent per
• Agents would need cars as well – they can however use old used cars to blend in and not attract attention for their detective work making the cost come down to £20,000 per

4. Billing

• To sustain the business there will be a cost associated with the
• The Business to grow would require an investment up-front to purchase cars and will need an increased cash
• There is a demand for the service; however clients cannot be billed more frequently than once per month, and they would need 30 days or more to pay the bill.
• Monthly expenses like staff wages and types of equipment and other services will require a steady flow of

5. Funding

• Irene has been clear that this business will be separate from her personal
• She has her assets but does not want to fully fund this expansion herself and requires alternate

Conclusion

• Irene is confident in the idea of expansion and wants to grow her
• She already has a prior experience in leading growing ventures in a different
• She needs careful consideration as to how fast she needs to expand the

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