【正文】 usiness Development Plan for BCL. Based on the Plan, STROCPLAU is going to elaborate on the Strategy Implementation and Change Management. The Strategy Implementation and Change Management will help BCL better implement its business level strategies and make BCL rapid development. However, when implementing the strategy, there are some conflicts or gaps between the strategy and the current strategy of BCL. It is also significant for BCL to develop its anizational ponents to better implement the strategy. The STROCPLAU authorized this report on 1st October 20xx. The purpose of the report is to resolve problems when BCL implements the key strategy from the Strategy Business Development Plan and focuses on the key milestone within the change process of BCL. B、 Scope of Report. This report relates to both the report about the Description Strategic Appraisal of the telemunication industry WiMax and the report about the Strategic Business Development Plan BCL. This report is going to focus on implementing the business level strategy for BCL. C、 Procedure To finish the report successfully, I prefer to use the information from the inter resources, lecture materials and textbook. Especially, I am going to focus more on the information from BCL’s website. Findings D、 The five key Strategic Issues facing BCL There are five strategic issues facing BCL, which is going to be elaborated on flowing: Strategic Issues Strategic factors Comments Marketing Strategy Relatively young telemunications market Compared to the world, NZ?s telemunication market is still in the growth stage. Research and development strategy Engineering expertise 301 skilled employees. High skilled team. 中國最大管理資源中心 Energy systems Solutions DMR. WiMax. Competitive strategy Quality Internationally recognized quality management system ISO 9001 Marketing Strategy Unique heritage Differentiation 60 years in telemunications business. % coverage of NZ. 400 work locations in NZ Offer cheaper fee for its services Financial strategy Debt finance Selffinancing Issue shares The financial statement of BCL shows that the main financial resource is from Bank loan and self financing The five strategic issues resolved can create advantages for BCL?s further development. According to the analyses of the internal and external situation in BCL, it has been found that better understanding and solving the five strategies will support BCL?s development. E、 The associated Functional Strategies, Policies and BusinessLevel Strategy intend to resolve the financial Strategic Issue Due to the analyses of BCL?s financial statements (Appendix A), BCL is a financially healthy firm and its financial resource is supported by debt financing and selffinancing. Namely, BCL utilizes bank loans and retained earnings to finance its business operation. Most panies prefer to raise debts to get finance support. The key reason is due to the lower cost of debt paring with equity. However, a pany should carefully analyse its current financial position before involving into raising debt. A highly levered financial structure would possibly cause difficulty in meeting the obligations against the pany which may increase the risk of insolvency, and only an optimistic financial leverage could maximum the value of the pany. There are two major ways to raise debt financing, which are bank loan and bond. Especially, long term bank loan as a major resource of debt financing does have many advantages. According to BCL?s financial statement, BCL is definitely adopting bank loan to support its business expansion. The important advantage is the low cost of process and approval. Another advantage is that it eliminates uncertainty of the future obligations so that the value by the employment of debt could be expected. In addition, as a professional financing institute, bank is able to identify whether a pany has the capacity to repay the loan. For instance, BCL can have low credit risk and provide enough collateral to make bank loan. Therefore, BCL can get the amount of loan required if it can prove that it is able to meet the future obligations on due. Its 中國最大管理資源中心 disadvantage is that before maturity of the loan the pany may bear the risk of possible decrease of interest rate in the debt market. In addition, selffinancing is another financial resource for BCL. Generally, selffinance is to enhance its cash flow performance to support its further growth. High liquidity could generate more cash flow without any additional costs. Cash flows could increase by reducing the level of inventories and improving the control on the aging of debtors and creditors. Account receivable managers should frequently review the policy of aging of debtors to ensure that the collection of outstanding accounts owed by debtors is effective and the impairment losses of bad debts are minimized. Sales managers should try to negotiate with creditors the longer credit terms and bargain discounts. Actually, issuing shares is also a good method for BCL to get substantial financial support. Issuing shares results in more cost than debt financing and selffinancing. However, it can instil a large number of capitals into BCL to support its business expansion in the telemunication market, particularly in the international market. F、 The major change management issues related to the implementation of the financial strategies and policies Financial risk management is the major point which BCL needs to pay attention to. In other words, BCL has to reasonably deal with the relevant issues with financing. For instance, BCL should identify its capacity to make the reasonable amount of bank loan utilized to finance BCL. Namely, BCL can provide colla