Advanced Entrepreneurship Research Paper Example | Topics and Well Written Essays - 1000 words

Advanced Entrepreneurship - Research Paper Example This will add value to the stakeholders. This new brand will broaden the cash flows of the company and reduce the risk of failure due to diversified income sources. The project might consume an average of 50 million dollars for it to run effectively. The full implementation could take an average of 1 year. The new product will be SMART (specific, measurable, achievable, realistic and time bound) (Taylor, 2009). The product is planned to include next generation technology that will help create a high demand for the admissions. This will help increase the quality and pricing of the classes. The company also expects support from NGOs and the government. School fees shall include operating expenses plus profit for the company. The main cash flow target will be school fees, library subscriptions and sale of projects done in the school by continuing/completing students. Most academic institutions all over the world will normally teach students the basics to the area of study and leave them to explore real life applications for themselves. This means that employers will need to hire experienced workers or first train their own through internships, internal training colleges, internal online colleges, extended probations and contracts. If Triangle solutions could train their own software developers, employers would highly appreciate the relief and demand such students. Students would also be very willing to learn from the actual developers of software. Triangle Solutions would have the opportunity of hiring the best and/or the most talented students as their staff. It would also be an opportunity for extended research and skill on software development products. The students will help the company develop its products and introduce new products. The opportunity will also help the company to increase its staff and regularly train the current staff in a cheap way. Most companies will not prefer purchasing ready-made software, but they

Digital Business Report Essay Example | Topics and Well Written Essays - 2000 words

Digital Business Report - Essay Example The benefits delivered by e-commerce to business organisations are often categorised into two segments including tangible benefits and intangible benefits. Tangible benefits of e-commerce are closely linked with increasing business efficiency, reducing operational costs, retaining and increasing customer base along with better automation of the process. On the other hand, intangible benefits of e-commerce to a business venture are associated with secured transaction, rapid delivery, ease and effectiveness of advertisement among others (Kuzic & et. al., 2002). In a nutshell, the e-commerce business venture idea is to set up a webstore, which will sell second-hand educational textbooks. The webstore is named as textbookpalace and its target customers will include secondary school, A-level, college and university students. The second-hand books will be acquired from libraries, schools, universities, charities, bookstores, and private individuals. However, the major supplier for the second-hand book will be the students who able to sell class notes, old tests and textbook. Contextually, certain challenges are identified with the idea of opening and operating the webstore. The most prominent challenges in this regard are associated with the security and privacy, legal aspect and customer service (Kuzic & et. al., 2002). Moreover, as a tool of project management agile methodology will be used. textbookpalace will use Shopify as an e-commerce platform for creating webstore. The rationale behind choosing Shopify is that it provides the simplest way for creating online store. This platform also provides most of the features required by small retailers while it is also extremely easy to use (IBM, 2011). Besides, it offers numerous essential features such as ease in organising products, customising storefront, accepting credit card payments, tracking and responding to customers’ orders among others (Innovation Pei,