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Entrepreneurship Presentation On Dream Company. By Anish Manjunath Monica Richa Rita Rohit Safvee. Verification Pvt. Ltd. Name : URVASHI Verification Pvt. Services : Criminal record verification
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Entrepreneurship Presentation On Dream Company By Anish Manjunath Monica Richa Rita Rohit Safvee Verification Pvt. Ltd.
Name : URVASHI Verification Pvt. Services : Criminal record verification Civil record verification Financial verification Tenants history verification Employment & Education verification Professional verification Bank A/C search Board of directors : Anish, Monica,Manjunath, Richa, Rita, Rohit, Safvee Nature of the company: Private Ltd.
Mission and Vision Mission: “To provide the accurate information related to pre-employment, tenant, screening and business background information” Vision: “To mitigate business risk and operating efficiencies”
Values Company Values: Our shared values that we are guided by are: Leadership Market pioneer Passion adaptable Integrity Accountability Collaboration Innovation Quality Coordination
Market opportunities • Employee background screening has become the norm in the hiring process and many companies • businesses, don't have the time or the means to adequately check up on all their job candidates. • A background check service has relatively low startup costs and highbarrier to entry – Limited competition. • you do need a firm understanding of federal, state and local laws. • Market is still unexplored & in a growing stage • Less investment is required
Market and Industry Environment Targeted market: Corporate. Firms. Individuals. Targeted customers: Financial Institutions. IT company. Automobile company. Insurance company Manufacturing & logistics companies
Internal environment & External environment • Knowledge & Information Power • have a Biometric Access system • electronic fire-walled networks system • R& D • Government regulations • Competitors • Mobility of staff • Cost structure
Value Proposition • Viability of this concept is great • Untapped market gives us a great competitive edge in this sector • The screening industry has grown by 30% to 40% year on year since 2007 • Background screening is not just confined to job applicants. There are cases where companies ask service providers to run checks on their employees. • "Most organizations have started conducting comprehensive background checks on all levels of candidates
Marketing strategy • Mouth to mouth advertisement • Differentiation strategy • Cost leadership strategy • Segmentation strategy
Organization Educational Backgroud of employees Staff structure The medium and senior R&D staff:65% Other staff:35% 81% Bachelors 4% Experienced 15% Mba’s • Strong focus on technological literacy • Great emphasis is laid on work culture and employee satisfaction
Technology team of Urvashi Pvt. Ltd • Importance to perfect English abilities of reading, writing, listening and speaking . • Good, development, space, Competitive, salary, Pension, unemployment and work injury insurance
Core management Team Headed by Rohit and Manjunath Headed by Rita & Monica Headed by Richa Headed by Safvee Headed by Anish
Company & IndustryAnalysis • Consumer preferences and demand are the predominant drivers for the verification industry • Entry costs are also an important factor in the growth of this segment. • Profitability in this industry is huge • Competition in this industry is steep, as the company has to compete with other alternative service providers outlets for consumer frequency. Because of this companies often create alliances to present a stronger front. • Successful advertising strategies, as well as concentration in specialized markets help in allowing company to generate increased revenue.
Swot Analysis • SWOT Analysis • Strength • 1. Varieties of popular services are available2. Caters to all types of people (individuals, firm, companies)3. Market for this service is still un explored4. It has basic requirement for everyone • Weakness • 1.Global penetration is limited as compared to international leading brands2.customers find it difficult to trust with their documents for security • Opportunity • 1. High growth in the industry 2. Globally the process has become the need of the time3. Tie-up and association with global brands for better global reach • Threats • 1. Internal competition among brands is a serious threat2. External competition and price wars decrease the switching cost for a customer
Main challenges (Risk & Gaps) Distribution system. Organization. New Technology. Scale economies. Customer loyalty. Customer switching cost.