Purpose: The purpose of this report is to explain how smartphones can help improve production within the banking industry.
Problem: A problem that exists in the banking industry that some companies do not pay for their employees mobile phone bills, yet they are being used for work purposes. Even if the mobile phones were paid for by the company, they may not be efficient enough for the employees to increase productivity. With that being said, it would be much more efficient supplying each employee with a smartphone.
Feasibility: An easy solution would be to supply every employee with a smartphone, this would ensure increased productivity. If bills are paid by the company, they can enforce rules like “the employee must have their work email accessible on their smartphone,” or the employee’s number will be supplied to other coworkers if they have to be in contact with the employee.
Audience: The CEO would most likely be the person who has the power to implement our recommendation. Other people who may be asked to evaluate our report could be the board of directors, Bank of Canada, as well as colleagues. All employees would be affected by the recommendation because if the recommendation is accepted, each employee will have a smartphone at no expense to them. The audience’s major concern may be budgeting, but the productivity increase could generate even more money for the company. The audience will see a huge productivity increase as the main advantage of our recommendation.
Topics to Investigate:
-The use of smartphones in the banking/financial industry including use of applications
-Making a cost effective decision to implement the recommendation
-Proof of increased productivity within different divisions of a company
-Why smartphones should be given to employees
-Should all employees be given smartphones or should they be distributed by position?
Methods/Procedures: We will find out further information about what it takes to implement our recommendation through sources such as the internet, interviews with civilians/industry employees and surveys. Another source we can use are the application stores on each device, this will allow us to see other reasons why these devices can increase productivity in a banking environment.