Pt 1 Final Project Milestone One: Introduction, Business Requirements, And Competitors And Technology

Guidelines for Submission: Your rough draft should be 3–4 pages in length and should follow APA formatting, including double spacing, 12-point Times New Roman font, and one-inch margins.

Assignment: You work for Nordstrom Rack a small brick-and-mortar business.

The owner of your business wants to focus on generating new revenue through e-commerce, but she knows that this change in operations requires the company to integrate new technology. To gain an understanding of what the business might need for technology, she has asked you to:

Create a business systems analysis. In this analysis, you will clearly introduce the problem that your business is facing.

 

Then, you will determine the business requirements for solving that problem, including the requirements that any new technology needs to meet.

The goal in the project is to establish an e-commerce presence, but you must improve the current technology first.

Use the Decision Matrix document as you conduct your research for assistance organizing your thoughts. (You will submit the completed decision matrix in Milestone Two.) For additional resources on developing the decision matrix, refer to:

· Decision Matrix: What It Is and How to Use It: This article defines the decision matrix and discusses how leaders evaluate and prioritize all of their options when considering solutions to a difficult task.

https://www.businessnewsdaily.com/6146-decision-matrix.html

· Decision Matrix Analysis: This article explains how to use a decision matrix analysis, a useful technique for making a choice when many factors must be balanced. Captioned version of this resource can be found here.

https://www.mindtools.com/pages/article/newTED_03.htm

· Decision Matrix Example: Use this resource to view an example of a completed decision matrix (see attachment).

Specifically, the following critical elements must be addressed:

I. Introduction: In this section, you will briefly introduce the small business from the case scenario, and the problem that it is trying to solve.

A. Clearly state the problem that the business owner is seeking to solve. Be     sure to address the question of what your business ultimately wants to do.

B. Identify and briefly describe the two technologies from the list provided that you will research in your business systems analysis.

II. Business Requirements: In this section, you will determine what the business requirements are to solve the stated problem, and establish the criteria that will help form your technology recommendations. You will also articulate why the business owner should undertake the project of integrating new technology.

A. Explain the objectives of undertaking this project to integrate new technology. In others words, what should the project accomplish, and how does it support the goal of your business?

B. Provide a project description that explains the purpose of the project. Be sure to address the following: i. What does your business need to do to satisfy the objectives? ii. What are the desired results at the end of the project? iii. Why is it important for your business owner to consider implementing new technology?

C. State the key technological requirements that will be required of any new technology in order to effectively solve your business’s problem. In other words, what specifically does the technology need to be capable of doing? (These are the technology requirements in the decision matrix.)

III. Competitors and Technology: In this section, you will describe two competing companies that operate in the same industry as your business. You will also explain how a company uses the two technologies that you are investigating to determine if the technology may be appropriate for your business to use. Remember that a list of competing companies was provided to you in the final project case scenario.

A. Technology One: Select one company in the same industry as your own that uses this technology. Briefly describe what that company does and how it uses this technology to support its business in general. Include specific examples.

B. Technology Two: Select one company in the same industry as your own that uses this technology. Briefly describe what that company does and how it uses this technology to support its business in general. Include specific examples.

C. Referring to what you learned in your research on the companies above, explain one specific way in which one of the companies is benefitting from technology, and describe the potential benefit to your business if you were to adopt the same approach.

Thanks for installing the Bottom of every post plugin by Corey Salzano. Contact me if you need custom WordPress plugins or website design.

Order

Hi there! Click one of our representatives below and we will get back to you as soon as possible.

Chat with us on WhatsApp
%d bloggers like this: