CS782 Assignment No. 1 ~ Understanding Business Models
Business Models代写 You are exploring business models and competitive strategies as a prelude to studying the role and functioning of IT. Choose a for···
This week Business Models代写
You are exploring business models and competitive strategies as a prelude to studying the role and functioning of IT. Choose a for-profit business, with at least 10 employees that you know reasonably well. Or one where you can obtain reasonably detailed information. If need be, you can create a fictitious organization. Choose in such a way that you will be able answer the questions posed below very effectively. Later in the course, we will return to the business example that you choose.
- It’s acceptable if you work with or work for the company; just make sure that you do not disclose proprietary information.
- You may learn more if you pick a company which does not dominate its industry, and where there are a fair number of competitors.
- If you don’t know a candidate company to select, retail is often a good choice; Lowe’s, Home Depot, or Best Buy for example.
- If you need to create a fictitious organization, please speak with your facilitator about this first.
Write the following five sections about the company you chose in at most 10 pages, single spaced of 12-point type. Business Models代写
You may follow this with appendices if you wish. Appendices will be read only as needed by the reader and the evaluation is not based upon them. Respond to the bulleted points where relevant and use your judgment as to their relative importance for the business that you have selected. Describe the organization, forces, challenges, strategies, evolution and best supported proposal in your own words! Make sure to use references to back up your assertions!
- Business Model:Describe key aspects of its business model.
Keeping the following questions in mind will help your response. Business Models代写
- What’s the name of the company, how large is it, what industry segment is it in, and what does the company do?
- Is the company primarily a product or a service business, or some kind of hybrid?
- What are its offerings (i.e. its products and/or services)? What is its market position? What are its value propositions (perhaps offer-specific)?
- How does the business earn revenue (including the pricing of its offerings) and make a profit?
- What other features of its market model, operational model, or financial model are significant, unusual, or distinctive?
- Does the organization follow a cloud computing model? Are there aspects of those models in the organization that you choose?
- Competitive Forces and Challenges:Consider each of Porter’s five Competitive Forces. For each of the five forces, list and describe the relevant actual competitive challenges (if any) that the company faces (or is likely to face soon). Also list and describe competitive challenges the company faces (or is likely to face soon) as a result of other changes in the business environment (e.g. economic, regulatory, etc.)
AND Business Models代写
- Competitive Strategies:For the most significant competitive forces/challenges that the company faces, describe the company’s competitive strategies for addressing that challenge. If you are unsure, you can discuss how the company has (or similar companies have) addressed that challenge in the past, or how you believe it should address the challenge. What approach will the organization need to take in order to sustain an advantage; or will it need to change approaches? Indicate whether you believe the strategy will work or not and why.
- Business Model Evolution:Discuss any other ideas you have for how the company’s business model could evolve, and what might drive the business to evolve in that way:
- How might the company enhance its products and services, and why?
- How might the organization improve internal processes to become more efficient or effective?
- How might the company expand into new related products and services, new territories, or new market segments, and why?
- How might the company extend into new lines of business or new business models? Why would they do so? (Include mostly non-e-commerce initiatives if possible)
- Best IT-Supported Proposal:Identify the best proposed idea you have listed in Section 4 above that can also be supported by IT in a substantial way. For that proposal, provide the following:
- Justification: Explain why you believe this is a particularly good proposal — i.e. how and why will it enable the company to more effectively compete?
- Role of IT:Describe the most essential ways in which IT could be used to support the proposal.
Hints: Business Models代写
You may find it useful to first perform a PEST analysis to guide your overall thinking.
We don’t expect you to be a business genius. What we do expect is that you fully appreciate the challenges of business and how IT has to be supportive of them
Keep the evaluation criteria in mind as described in the syllabus.
End with a list of references following the standard reference format, as described in References and Citations document.
Ask Your Facilitator Discussion Board if you have any questions regarding the objectives of the assignment or how to approach the assignment.
Save your assignment as LastnameFirstname_assign1.doc and submit it in the Assignments section of the course.
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