Ascarez, Maricar M., Dela Cruz, Paul Christian M., Liwanag, Maria Gracilla S., Picones, Mary Rose B., Tabuzo, Orfea Jeena C. 4 0
A Five-Year Strategic Financial Plan for Converge ICT Solution Inc / 6 6 Ascarez, Maricar M., Dela Cruz, Paul Christian M., Liwanag, Maria Gracilla S., Picones, Mary Rose B., Tabuzo, Orfea Jeena C. - - - 230 pages 28 cm. - - - - - . - . - 0 . - . - 0 .
Financial Plan: (BSBA major in Financial Management) - Pamantasan ng Lungsod ng Maynila, 2024.
5
Executive Summary The Strategic Financial Plan aims to address the declining revenue growth of Converge ICT Solutions Inc. and provide a roadmap to achieve stable and continuous revenue growth through further expansion across the Philippines. The company has experienced a decline in revenue growth in recent years, falling to 4.94% in 2023, which poses a challenge to its long-term financial stability and market competitiveness. To address this, the plan sets two key objectives: to achieve continuous and sustainable revenue growth and to maintain high revenue growth over the next five years. The analysis utilized financial statements from 2019 to 2023, supported by qualitative and quantitative findings. On the qualitative side, favorable factors include the increasing demand for internet services, 5G expansion, rising digital activity, and work-from-home trends, all of which drive growth opportunities. Additionally, Converge's affordable and flexible offerings and industry recognition further enhance its market presence. However, challenges persist, including customer service issues, supply chain disruptions, limited brand differentiation, cybersecurity vulnerabilities, and stiff competition from industry giants PLDT and Globe. Quantitative findings highlight strong asset utilization, liquidity, and capital efficiency as favorable indicators, while the declining revenue growth trend and concentrated market dominance remain significant concerns. To address these issues, the recommended strategy, ACA I, focuses on leasing cell towers to expand internet services into rural and underserved areas. This cost-effective and time-efficient approach accelerates network expansion, enhances rural connectivity, and boosts revenue while minimizing infrastructure costs. By delivering reliable internet services to underserved areas, Converge ICT strengthens its market reach and demonstrates a commitment to bridging the digital divide, fostering economic growth, and enabling digital opportunities for Filipinos. The projected outcome indicates that implementing this strategy will allow Converge to achieve steady revenue increases and maintain robust growth over the next five years. This initiative aligns with the company's mission to provide equitable digital access and support sustainable long-term growth.
5
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A Five-Year Strategic Financial Plan for Converge ICT Solution Inc / 6 6 Ascarez, Maricar M., Dela Cruz, Paul Christian M., Liwanag, Maria Gracilla S., Picones, Mary Rose B., Tabuzo, Orfea Jeena C. - - - 230 pages 28 cm. - - - - - . - . - 0 . - . - 0 .
Financial Plan: (BSBA major in Financial Management) - Pamantasan ng Lungsod ng Maynila, 2024.
5
Executive Summary The Strategic Financial Plan aims to address the declining revenue growth of Converge ICT Solutions Inc. and provide a roadmap to achieve stable and continuous revenue growth through further expansion across the Philippines. The company has experienced a decline in revenue growth in recent years, falling to 4.94% in 2023, which poses a challenge to its long-term financial stability and market competitiveness. To address this, the plan sets two key objectives: to achieve continuous and sustainable revenue growth and to maintain high revenue growth over the next five years. The analysis utilized financial statements from 2019 to 2023, supported by qualitative and quantitative findings. On the qualitative side, favorable factors include the increasing demand for internet services, 5G expansion, rising digital activity, and work-from-home trends, all of which drive growth opportunities. Additionally, Converge's affordable and flexible offerings and industry recognition further enhance its market presence. However, challenges persist, including customer service issues, supply chain disruptions, limited brand differentiation, cybersecurity vulnerabilities, and stiff competition from industry giants PLDT and Globe. Quantitative findings highlight strong asset utilization, liquidity, and capital efficiency as favorable indicators, while the declining revenue growth trend and concentrated market dominance remain significant concerns. To address these issues, the recommended strategy, ACA I, focuses on leasing cell towers to expand internet services into rural and underserved areas. This cost-effective and time-efficient approach accelerates network expansion, enhances rural connectivity, and boosts revenue while minimizing infrastructure costs. By delivering reliable internet services to underserved areas, Converge ICT strengthens its market reach and demonstrates a commitment to bridging the digital divide, fostering economic growth, and enabling digital opportunities for Filipinos. The projected outcome indicates that implementing this strategy will allow Converge to achieve steady revenue increases and maintain robust growth over the next five years. This initiative aligns with the company's mission to provide equitable digital access and support sustainable long-term growth.
5
2 = =
2
2 --0------
6 --0-- 2 --------
0 2 --
--20------
--------20--
--------20--
----2
/ 2
/ 2
/
/