+1(978)310-4246 credencewriters@gmail.com
  

Question Description

I’m working on a management question and need support to help me study.

You are going to do a presentation.

You will discuss the rationale for your business idea/product/app, the advertising/marketing strategy, and the financial analysis (how much will it cost to bring your business idea/product/app to fruition-you’ll give a breakdown of the cost) and valuation. Now remember that all of this has to fit within a 5 Minute window of time for your pitch.

All material I attached

Distant-home Control System
Introduction
Currently, most individuals need regular access to their homes to observe what happens as
well as to conduct necessary chores such as switching off lights and electrical appliances while
away from home. The need to control activities that require one to travel back home or hire
certain individuals for the task has imposed the need to develop a computerized system based on
cellphone app to efficiently help people manage their homes. Nevertheless, the app will be based
on both android and iOS versions to increase accessibility to each and everyone who owns a
smartphone. Moreover, the application will be linked via radio waves that will enable the
installed CCTV cameras to transmit the surveillance information from the home to the owner.
Further, the off and on commands will be received in the house by the main receiver that will be
accessing commands from the App installed in the owner’s smartphone. The inconveniences
caused by limited access to one’s house from any location have motivated the establishment of
this project.
Significance of the App
The distant-home system will enable various people to access and control different
elements in their homes and eliminate losses that otherwise would lead to inevitable losses.
Currently, many people experience damages caused by electricity due to a mistaken electricity
source that was left on while there was a blackout the previous night. Therefore, the Distant
home App will eliminate such chances hence curbing property damage. For instance, if mike had
left his house to work and after closing the work he gets an emergency journey then he would be
able to access his house via the phone in the evening and switch on the security lights and close
the open windows too. Moreover, the system will avail effective security control to the
homeowners since they will be assured of the safety of their property back at home.
Conclusion
In conclusion, the current losses experienced due to limited access to one’s home while
away have resulted in various losses. Therefore, the need to access and control different property
while away has enhanced the need to develop this project. The app will be based on smartphones
and will be connected to the receiver at home via radio waves. Finally, it will essential for
functions such as switching on/off electricity, water taps, doors, and windows.
Running Head: DAWAY MEDICAL COMPANY
1
Daway Medical Company
Junxi Zhong
Menlo college
MCM 333
4/6/2021
DAWAY MEDICAL COMPANY
!2
Marketing and advertisement are the important and key components in every business. It
is through the two that a business maximizes its sales through the making of more sales.
However, this applies in all aspects of the business. May it be in the health sector, farming, and
transport of construction industry. In relation to the introduction, as a Global Manager of Daway
Medical Company, a company that leads in pharmacy in the United States of America, Jordan,
and Saudi Arabia, I can implement a new strategy to enhance and improve the marketing/
advertisement of the company, regardless the barriers set by the Covid-19 pandemic.
As a result of the pandemic, as Global Manager of Daway Medical Company has seen the
company encountering limited options. For instance, Daway Company is not able to send agents
in different parts of the country to market the company. Also, there is a limitation on marketing
since people shunt away from one another so as to try to comply with the set remedies to fight
the pandemic. Besides, the limitation option is posed on the operation of the company in terms of
delivery. In this, there are delays in delivering orders we receive from our clients in the
prominent countries. The long procedures have caused this to follow when moving from one
state/country to another due to the lockdowns. As a result of these, Daway Company has to
uphold a technology urgency strategy that is flexible, cost-effective, reliable, and friendly to
withstand its performance.
There are digital capabilities that result from leading from home. First, there is a digital
liability on literacy. In this, there will be gaining more knowledge through the learning of devices
used to carry on company operations via improved technology. Creative thinking is capability
too. It is enhanced through innovations made in technology perspectives by working from home.
DAWAY MEDICAL COMPANY
!3
Communication and information technology is a digital capability that results when I work from
home. This is because there will be creativity and innovations earned by using improved
technology when working from home. (Vasconcellos et al., 2021).
There will be the implementation of trust, communication, and attentiveness virtual
management characteristics (Schulze and Krumm, 2017). This is because the new marketing/
advertising strategy implemented will need to uphold such characteristics for the operations to
take place. Virtual teams will be working together by connecting and liaising with every
department through the new technology. In task management and communications, there are
tools such as email, telephone and text messaging. In terms of economical difference, time,
culture, politics, cultural, and language, I will ensure that the technological strategy I adopt does
not go against them but enhance every aspect’s positive side. To create a strong team with a high
level of teamwork, I will deploy good communication, presentation, and responding techniques.
The merits and demerits of managing a virtual team are that there will be reduced cases of
misunderstanding among employees and delays in duty response, respectively (Bhat et al.,
2017).
Among Daway Company members, some conflicts are likely to happen, such as
personality and work style conflicts. When they happen, they can be solved by ensuring that the
employees having the conflicts do not from the same departments to keep their distance. As a
Global Manager, I will manage outsourced projects by ensuring that there is a meeting of the
requirements made in each project. In order to motivate and encourage my team for better
improvement, I will use several techniques. For instance, I will use a technique of rewarding the
DAWAY MEDICAL COMPANY
!4
best performance team member. Also, I can give criteria that should be followed in doing
company operations to attain the target set for every member of the team. In conclusion, the
paper has presented a well-analyzed strategy that can greatly impact Daway Company despite
the impacts posed by the Covid-19 pandemic. Through the strategy, the company’s performance
will remain outstanding even than before, and it will maximize the profits of the company.
DAWAY MEDICAL COMPANY
!5
Reference
Bhat, S. K., Pande, N., & Ahuja, V. (2017). Virtual team effectiveness: An empirical study using
SEM. Procedia Computer Science, 122, 33-41
Schulze, J., & Krumm, S. (2017). The “virtual team player” A review and initial model of
knowledge, skills, abilities, and other characteristics for virtual
collaboration. Organizational Psychology Review, 7(1), 66-95.
Vasconcellos, S. L., da Silva Freitas, J. C., & Junges, F. M. (2021). Digital capabilities: Bridging
the gap between creativity and performance. In The Palgrave Handbook of Corporate
Sustainability in the Digital Era (pp. 411-427). Palgrave Macmillan, Cham.
Financial Cost Analysis/Valuation Paper
Junxi Zhong
Menlo college
MCM 333
4/11/2021
Introduction:
While taking any decision, people tend to estimate the cost of each option in order to make a
choice. That choice depends upon the comparison among cost estimations of different option.
The option that provides least cost, whether it is opportunity cost or relevant business cost,
and earns optimum benefit is chosen. As businesses are all about taking such actions,
managers and entrepreneurs also follow the same line of thinking and estimate the current
and future cost that will incur while implementing any business idea (Demodaran,2006). This
paper explains what kind of costs should be considered while making decision regarding
implementation of business idea.
Importance of cost estimation:
Cost estimation plays a very huge role in analyzing the overall feasibility and profitability of
a project. If someone wants to bring a business idea into fruition, one has to estimate its cost.
Otherwise, one will not be able to identify the value of that idea and know whether working
on that idea will bring any fruitful result or not (Khan, 2016).
Relevant costs for Business idea implementation analysis:
The cost that should be estimated for making decisions related to the implementation of any
business plan, is often named as relevant cost. According to CIMA’s definition, relevant costs
are those that are appropriate to helping the decision-making process regarding
implementation of any business plan.
Nature of the Cost:
For analysis, a cost should be:
•
Future cost: past costs are normally irrelevant, as they can’t affect the future
profitability of new business idea. That is why it is important to add only those costs
in our analysis that are futuristic in nature.
•
Incremental cost: This is the cost that will occur by acting upon the business idea. The
cost that occurs no matter whether you act upon the idea or not, is not incremental.
•
Cash flow: while evaluating the business idea, the costs should include some kind of
cash flow. It should not be without any cash inflow or outflow such as depreciation.
Relevant costs can also be in the form of opportunity cost, which is the benefit that we did
not get by choosing one option, the benefit that we could have gotten otherwise, had we
chosen the other best option.
Types of cost:
•
One-time cost verses ongoing cost: there are some costs that occur only one time the
expense of incorporation of a business. Such kind of cost is one-time cost. Others can
be the cost that will occur on regular bases such as salary.
•
Essential cost verses optional cost: there are some costs that will occur anyhow. They
are important for the main operations of the business such as inventory cost. On the
other hand, some of the costs are not essential. It is your choice whether you want to
incur them or not such as the adoption of new technology. Such costs are called
optional cost.
•
Fixed cost verses variable cost: some costs are fixed in nature which means they don’t
depend upon the sale or performance of the company such as rent. Other kind is
variable cost that is the cost that changes along with the sale.
Essential cost incurring during implementation of business idea:
Some of the costs are Costs of website, rental cost of office space, Furniture cost, Labor cost,
supplies cost, technology cost, insurance cost, licensing cost or permission fee, marketing or
advertisement cost and cost related to designing business plan.
Example of estimated cost for implementation of new business idea:
Estimated
Items
Detail
costs
Rent of building
Office building
$2,760
Website cost
Cost for designing and hosting the web
$2,010
Payroll of
5 employees for starting with a $35,000/y salary
cost
$175,000
employees
expense
Advertisement
Advertisement and promotional activities
$5,010
Supplies
Paper, pencil, pen etc.
$100

$184,880
Total
(annualized)
Reference:
Aswath Damodaran (2006). Valuation Approaches and Metrics: A Survey of the Theory and
Evidence. Investment policy ejournal.
Bilal khan (2016, sept 13). Friday’s Humor: The importance of cost estimates in project
management. Retrieved from https://www.orchestra-ppm.com/en/2016/09/30/fridays-humourthe-importance-of-cost-estimates-in-project-management/
5 Minute Pitch Rubric
Teacher Name: Dr. DeJosia
Student Name:
CATEGORY
________________________________________
1 Poor Researc
h
4 Mastery
3 Proficient
2 Basic
Issue
resolving/
Overall Product
(Purpose)
Displays
outstanding
depth
regarding the
issue being
resolved and a
clear
understanding
of the overall
product and
purpose for it.
Displays good
research
regarding the
issue being
resolved and a
clear
understanding
of the overall
product and
purpose for it.
Displays
minimal
research
regarding the
issue being
resolved and a
clear
understanding
of the overall
product and
purpose for it.
Displays little
to no research
regarding the
issue being
resolved and a
clear
understanding
of the overall
product and
purpose for it.
Marketing
Strategy
Displays
outstanding
depth of
research
regarding the
overall
marketing
strategy.
Displays good
depth of
research
regarding the
overall
marketing
strategy.
Displays
minimal depth
of research
regarding the
overall
marketing
strategy.
Displays little
to no depth of
research
regarding the
overall
marketing
strategy.
Valuation/
Financials
Displays
outstanding
depth of
research
regarding the
overall
valuation/
financials.
Displays good
depth of
research
regarding the
overall
valuation/
financials.
Displays
minimal depth
of research
regarding the
overall
valuation/
financials.
Displays little
to no depth of
research
regarding the
overall
valuation/
financials.
Cohesion of
Ideas (Flow)
Displays an
outstanding
cohesion of
ideas
throughout the
5 Minute Pitch.
Displays a good
cohesion of
ideas
throughout the
5 Minute Pitch.
Displays
minimal
cohesion of
ideas
throughout the
5 Minute Pitch.
Displays little
to no cohesion
of ideas
throughout the
5 Minute Pitch.

Purchase answer to see full
attachment

  
error: Content is protected !!