Business Report On Airtasker Free Samples †MyAssignmenthelp.com

Question: Discuss about the Business Report On Airtasker. Answer: Introduction With its headquarters in Sydney, Airtasker was founded in 2012 by the collaborative idea of Australian entrepreneurs Tim Fung and Jonathan Lui. As a matter of specification, the company enables the users to outsource tasks related to mobile and marketing (Airtasker.com, 2018). After the users describe the task, a budget is set, allowing the community members to complete the task. Following the footsteps of the Tim Fung and Jonathan Lui has assisted 120 employees to take the sales revenue of the company to $3.5 million AUD. Seeking innovation in the business has acted as an agent for the company to reach 1,700,000 users. Thirst for success proved effective in terms of raising the revenue to AUD $1.5 million immediately after the launch (Airtasker.com, 2018). Business model canvas for Airtasker Key relationship between the building blocks of business model canvas Partnership with the TaskBox and CareerOne helps Airtasker to reach to large number of customers. Surfing the website makes the personnel aware of the users and the tasks, which they wish to complete. Promise of high rated insurance is an indication towards the achievement of loyalty, trust and dependence from the customers (Besteiro, Pinto Novaski, 2015). Offers, schemes and discounts on the tasks enable the personnel to increase the trafficking of the audience towards the brand image. From this lot, the personnel pick out the unemployed youth for enhancing their employment. Bidding is the main activity carried out by the personnel in terms of valuing the purchasing power of the users (Airtasker.com, 2018). Although premium-pricing method is used, however, the users are provided with the opportunity to review the tasks prior to finalizing the task to be completed. Offers, schemes and discounts are awarded on certain tasks for luring the users as well as the workers (Chang, 2016). P ositive response escalates the sales revenue of the company along with the profit margin. Making effective and judicious use of the latest design IT systems enhances the stability in the relationship with the customers (Airtasker.com, 2018). Critical success factors, which helped Airtasker to achieve sustainable growth Free posting of the tasks added to the stock of customers for Airtasker. This reflects the consciousness of the personnel towards the specific needs, demands and requirements of the stakeholders and shareholders (Doppelt, 2017). Along with this, allowing the users to review the offers on the tasks is valuation towards the purchasing power of the customers (Airtasker.com, 2018). Allotment of the right person for getting the work done has enabled the staffs to execute the business activities in an efficient and effective manner (Gamble Thompson, 2014). Top rated insurance is one of the other aspects relating to the achievement of growth. Prevention of the third party interference ensures the safety and security of the users. Following the guidelines of CGU Insurance proved effective in terms of averting the instances of personal injury or property damage during execution of the tasks. Making the payment process secure has eased the burden of the users in terms of outsourcing more tasks (Goetsch Davis, 2014). Taking into consideration Airtasker Pay has stabilized the financial parameter of the company. The decision of the users matters the most as compared to the payment (Airtasker.com, 2018). Creation of jobs has enhanced the employment of the youths. Usage of social media has resulted in the creation of over $215 million jobs. Availability of $15.40 jobs per month has enhanced the trafficking of the audience towards the brand image. Getting employed in Airtasker has provided job satisfaction to the staffs. This is due to a stable income, which helps them in their survival strategies (Gollenia, 2016). Evaluation of the factors, which can cause downside risk Risks are an inseperable part of the business in companies and organizations. Risks vary in their intensity, possessing flexibility to add vulnerability to the market position. Financial risks deprive the personnel from fulfilling the specific needs and preferences of the customers (Maylor, Blackmon Huemann, 2016). This segment sheds light on the factors, which can cause downside risk for Airtasker in terms of their business (Airtasker.com, 2018). The nature of business operations in Airtasker is online. Therefore, the biggest risk is cyber crime. Non-compliance to the CGU guidelines can result in utter loss. Negligence in monitoring the performance of the staffs is also a risk in terms of ensuring the security and safety of the users. Along with this, delay in repayment of the loans can strain the relationship between the company and the stakeholders (Parris et al., 2016). If the users do not get access to the websites, it is a loss for the company in terms of achieving high revenue and profit margin. Negligence of the personnel towards this issue is a risk, as it would add vulnerability in the market position of the company. If the personnel are not conscious towards the installation of the security software in the profile of the users is also a risk (Airtasker.com, 2018). This is in terms of shredding off the responsibilities towards ensuring the wellbeing of the customers. This attitude puts the employment of the personnel at risk. Defective systems stall the productivity of the company. This is an issue in times of completing the projects. The defective systems disrupt the process of transmission of orders from the customers to the personnel (Rosemann Brocke, 2015). This disruption results in the improper completion of the tasks, compelling the personnel to receive complaints from the customers. The major drive behind this is the lack of planning, which results in the failure towards completion of the tasks within the stipulated time and the terms and conditions (Weiss, 2014). Elongated process of outsourcing the tasks makes the process complicated for the users. If the systems takes too long for providing appropriate workers to complete the tasks, then it can be the intervention of the hackers or malfunctioning due to virus attacks (Airtasker.com, 2018). This is because of the absence of privacy cookies and policies, resulting in the loss of users personal data and information (Wheelen et al., 2017). Self-reflection on the changes to the business If the Airtasker business were mine, first, I would have created plans. This planning would have helped me to organize the tasks according to their priority. In this, I would have involved the board of directors, stakeholders and the shareholders. This would have proved beneficial in terms of gaining an insight into their approach towards the developed plans. After this, I would have sent a draft to the higher authorities regarding the developed plans and strategies for gaining their approval towards the plans. After gaining the approval from the higher authorities, I would have constructed a team, which is strong and flexible for carrying out the assigned duties and responsibilities. For this, I would have considered Tuckmans stages of team development. This consideration would have assisted in estimating the progress. After the creation of the team, I would have adopted equal distribution of tasks to the team members. Prior to this, I would have appointed a team leader, who would be responsible for managing the performance of the team members. Before beginning the tasks, I would have provided training sessions to both the team leaders and the members, briefing the project and their roles towards making the project successful. These sessions would have enriched their preconceived skills, expertise and knowledge regarding management. I would have taken post-training tests for assessing the capability of the members towards making practical application of the learnt skills in executing the workplace operations. This assessment would also be crucial for me in terms of appraising the performance of the team leaders as well as the members. I would organize counseling sessions with the employees in order to see if they are facing any problems while carrying out the assigned duties and responsibilities. This activity would enhance the stability in our relationship. I think organizing discussion forums would provide the employees with a platform to voice out their opinion regarding the workplace issues. This type of attitude would reflect my concern towards providing a safe and comfortable workplace to the employees. In order to provide job security, I would have introduced security policies. Within this, if the employees face any kind of accident or injury in the workplace, the company will bear the charge of medicines, hospitals and treatment. In return, a small amount would be deducted from the employees salary. Along with this, I would take feedbacks from them regarding improving the standards and quality of the business. This would help in achieving infrastructural development, which is an agent in terms of attracting the customers. Evaluation would be an important part of my daily activities. This would help me to identify the drawbacks within the ways and means for carrying out the business activities. I would maintain consistency in evaluating the effectiveness of the exposed performance in terms of the identified goals and objectives for upgrading the standards and quality of business. Conclusion and recommendations This assignment proves successful in providing an insight into the current business practices adopted by Airtasker. The business model canvas acts as a summary for the business activities carried out by the company for enhancing the productivity. collaboration is the main aspect followed by Airtasker for achieving positive outcomes in the business. Herein lays the correlation with the heading relationship between the nine building blocks of the business model canvas. Risk mitigation helps the personnel in achieving trust, loyalty and dependence from the customers. Strategies and policies need to be developed by the managers for assuring the customers that their investments would be valued. Training would be crucial in terms of upgrading the preconceived skills, knowledge and expertise regarding management. Evaluation would bring to the forefront the major drawbacks in the business practices. Maintaining consistency in the execution of evaluation would be a cornerstone in penetrating into the international markets. References and bibliography Airtasker.com (2018), Get more done, Retrieved 25th March, 2018 from https://www.airtasker.com/ Besteiro, E. N. C., Pinto, J. D., Novaski, O. (2015). Success factors in project management.BusinessManagement Dynamics,4(9), 19-34. Chang, J. F. (2016).Business process management systems: strategy and implementation. CRC Press. Doppelt, B. (2017).Leading change toward sustainability: A change-management guide for business, government and civil society. Routledge. Gamble, J., Thompson, A. A. (2014).Essentials of strategic management. Irwin Mcgraw-Hill. Goetsch, D. L., Davis, S. B. (2014).Quality management for organizational excellence. Upper Saddle River, NJ: pearson. Gollenia, L. A. (2016).Business transformation management methodology. Routledge. Maylor, H., Blackmon, K., Huemann, M. (2016).Researching business and management. Palgrave. Parris, D. L., Dapko, J. L., Arnold, R. W., Arnold, D. (2016). Exploring transparency: a new framework for responsible business management.Management Decision,54(1), 222-247. Rosemann, M., vom Brocke, J. (2015). The six core elements of business process management. InHandbook on business process management 1(pp. 105-122). Springer Berlin Heidelberg. Weiss, J. W. (2014).Business ethics: A stakeholder and issues management approach. Berrett-Koehler Publishers. Wheelen, T. L., Hunger, J. D., Hoffman, A. N., Bamford, C. E. (2017).Strategic management and business policy. pearson.