Finance Case

Competency analyze

In this section we will focus on the competence there is essential for the organization, and the ones we already have.

One of the first things we need to have is a legal department. We need someone who can take care of all the legal aspects of our products. First we want someone who can deliver a set of rules that we need to follow. Like what are the laws for lending money to different people, how much can we charge in fees and interest?

We have discussed and all accepted that we will not deal with bad payers. We will outsource this to another company who has the expertise in getting money from bad payers. We know we have to pay them some, but we are sure they will handle this way better then we will be able to. We also choose this solution because we want to focus on the sale, and the activities we are good at. We have looked at different debt collection agency but have not choosing any yet. First we want to see how many bad payers we are going to get, and out of this choose which debt collection agency will be the best match for us.

If we look at the future we want to be in more than one bookstore, and to get most success we want to include other students from these universities. These students will be part of our junior sales team. These students shall try to sell the idea of get-a-book at the other universities where we are not studying. We think this will get the greatest revenue.

Competency analyze for daily management

We have decided that Ulrik will be the leader or in business terms our CEO. We have chosen him because of his experience in entræpanør. Before this he had a business with another friend. He learned how to deal with a lot of different people, how to get investors interested and to get the deal done. Ulrik has a great drive and his abilities to lead and motivate is very high. He has been a driving force from the beginning and good to get other people excited about the idea. One thing that he has been doing very well is his ability to make decision. Most of the time where we have been in an argument, he has taking the lead and made the decision.

Another part of the organization will be the sales department. The sales department will include Rami and Daniel. Rami will be the chief of this department,