Essay on Data Management: The Next Step for a VoIP Supplier

The following report files the next step for the VoIP Company to be presented to the board of directors. VoIP provided solutions to companies that experience communications challenges to its clients. Most of these businesses were large and had an enormous human resource capital. It also provided networks between the primary consumers of the particular companies. Through these different solutions, the company stood a better chance to attract investors who came up with a plan to gain profits from their investment. The first phase of their plan 1 was to invest in the proper infrastructure of the business. This would propel the company to many different markets in the various parts of the world and insulate itself from the competition by other firms. However, the company had to break even in its finances so that its stable enough to grow (Zseby, Savola, & Pistore, 2010). The company had to work beyond its capacity to recover fully and give benefits as expected of it.

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Staying with the current plan.

The company will end up developing further marketing strategies to avoid giving solutions for challenges that are no longer viable in the market. The innovation of internet directly affected the products produced by the VoIP Company. Thus, there was a need to improve their services to meet the new technological advances that were in the market. They also needed to remain relevant with their competitors hence the need to change the current plan in the affected areas. The change brought about by the internet created a new need for the company which was to install new software for the business to run efficiently (Sun, 2013). These changes promoted the existence of the company in the markets but would not be detrimental in the long term. This would be seen later since clients would embrace the new technology. Their critical consumers were now viable to access the new systems they expected from the company.

Closing down the company

Closing down the company would not work but upgrading the services provided by the firm would work better. The company updated to the new landscape in telecommunications and provided new services to its clients. They avoided giving the old services that existed before the discovery of internet. Thus, the company would remain financially relevant and was able to get new clients in the market. The company was set according to their plan to enlarge intro new geographical areas (Dehayes, Hoffer, Martin, & Perkins, 2014). Although some of the plans took time because of the developments. The goals of the company were achieved.

Selling the company

At first, selling the company due to the adjustments it had to make because of the new technological advancement was practical and comfortable. However, this idea was not beneficial since in the future internet was a sound investment. It is worth continually increased, and companies that provided internet services would be harvest largely. Hence selling the company was not a viable idea but for the disinterested investors, the company was willing to consider them.

Slowing down rate of growth

Definitely as witnessed by the growth of the company, it was quiet and never stable. However, the company would gain stability had the internet discovery came later when the company had broken financially even. Automatically, the company would be a profitable investment in the future after it has become stable in providing the services according to the market demand. Considering that internet was a new product but an essential need to the survival of most companies, the company would harvest slowly in the future. Besides, to become stable, the company had to review its mission and vision to fit in the new market with the discovery of internet as shown by Zseby, Savola, & Pistore, (2010). The challenges the company would face it would grow to become unaffected by them later after it has gained momentum in providing the new services.

Requesting for a ninety-day extension to take care of the cash flow problem

The change in the infrastructure used to develop the services produced the company affected the company financially since it meant that the company had to purchase goods that were not planned for. This affected the company directly hence the option to get the capital to fix the money used to buy the different product. However, after the cash flow issue has been covered the company will benefit holistically from the remaining profits.

Reduce Expenses

As shown earlier, the company would gain the costs used I developing the new infrastructure after a period of about three months when the company can make real profits. During this time the company will come up with strategies to create wealth for its services through reduction of expenses in all departments as shown by Rowitz, (2009.).

Other Possibilities

The are many opportunities for the company to grow and invest in since the internet is vast and broad and is worth of taking the risk considering it is globally embraced.

In conclusion, though the company suffers losses at the beginning of investment its future is bright and full of possibilities that cannot be imaginable because the field of telecommunications is changing every day.

References

BIBLIOGRAPHY Dehayes, D., Hoffer, J. A., Martin, E. W., & Perkins, W. C. ( 2014.). Managing information technology. Harlow, Essex : Pearson,.

Rowitz, L. ( 2009.). Public health leadership : #x9C;b putting principles into practice. : Sudbury, Mass. : Jones and Bartlett, .

Sun, L. ( 2013.). Guide to voice and video over IP : for fixed and mobile networks. London ; New York : Springer.

Zseby, T., Savola, R., & Pistore, M. ( 2010.). Future internet - FIS 2009 : Second Future Internet Symposium, FIS 2009, Berlin, Germany, September 1-3, 2009 : revised selected papers. Berlin [etc.] : SpringerLink, .