Name Ann-Marie Brittany Tonga NetID aton875 Group Number: 453 Website Link: http://infosys110group453.blogspot.co.nz/ Tutorial Details Tutor: Day: Time: Nicholl Oblitas Costa Monday 2pm Time Spent on Assignment: 19 hours Word Count: 1577
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2 TICK TOCK ON THE CLOCK INTRODUCTION Poor time management is a problem that affects university students worldwide. With course work given on a daily basis, students may find it hard to prioritise their tasks or lack interest due to the increased workload. As a result, students find it difficult to keep up and maintain work at a high standard. This leads to stress, poor grades and unhealthy lifestyle habits. Luckily, with the right tools, poor time management can be solved. Our app, On the Clock, saves time by organising and prioritising tasks for students. Furthermore, the app connects with the university website and automatically synchronises important announcements and dates so that the student always stays up to date. 3. BUSINESS SECTION 3.1 Vision We intend to make a contribution to the world, by providing the best accessible and easy- to-use free app that aids university students around new zealand to manage their time well, so they can have a great university experience. 3.2 Industry Analysis: Time Management Mobile Application Industry Industry: Time Management Mobile Application Indusrty. Force: High/Low: Justification: Buyer power: High There are many other free time management apps available for university students to choose from. Google play offers over 30,000 productivity apps that helps users organise tasks. 81% percent of these apps are free. (AppBrain,2014). Therefore buyer power is high.
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3 Supplier power: Low Time management app developers can choose from many mobile operating systems to launch their app on. The top mobile operating systems as of today are Apple iOS, Google Android, Windows and Blackberry. Therefore there are many suppliers, which means supplier power is low. Threat of new entrants: High It is moderately easy to get into this industry as there many competitors in this industry. Another reason for why the threat of new entrants is high because the barrier to entry is low. According to (Thomas, C., n.d) The cost for making a simple, table based app is $1,000-$4,000. Therefore threat of new entrants are high. Threat of substitutes: Low There are not many substitutes available. Time management apps can be replaced with old fashioned schedulers or diaries. Therefore threat of substitutes are low. Rivalry among existing competitors: High Rivalry among existing compertitiors within this industry is very competitive, as there are thousands of apps available. Most of these apps are free which attracts a lot of customers. It is also high because there are so many apps, developers have to fight to get their product noticed. (Sutter, F., 2012) Overall attractiveness of the industry: Overall I think that this is not a very attractive industry to be in because although there is a high demand, rivalry, threat of new entrants,
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4 and buyer power are high. Furthermore, it is very hard to get apps noticed when there are thousands available. 3.3 Customers and Thei r Needs The potential customers of this application would be university students who own a smartphone device. In particular, this app is aimed at those who struggle with time management skills. Our targeted customers need an app that will help them prioritise their tasks so that they stay stress free. According to a survey conducted by Arizona State University, 74.9% of students reported that they experienced stress during the school year and it was found that time was one of the leading causes of stress. (Arizona State University, n.d). Customers also need an app that will help them stay motivated and focused during the school year.
3.4 The Product and Service On the Clock (OTC) will satisfy the needs of our customers. The idea of this app is that the app and university website work together. Information from the university website syncs important dates into the app which is then stored into the calendar. The app notifies the student when new dates have been stored into the calendar so they are kept up to date. OTC has an option where it analyses the calendar for important dates and automatically prioritises the importance of each task. OTC also allows students to set goals. Students can enter them manually or OTC will recommend weekly goals based on tasks that are in the calendar. When goals have not been completed they will automatically be prioritised first for the next weeks goals. Most time management apps are hard to use and so students lack the interest to plan, however with OTC it is easy to use and practically does everything for them. This app will help them stay on top of everything.
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5 3.5 Suppliers and Partners Suppliers A potential first supplier would be Evernote who are app developers for Android, iOS, Windows and Blackberry. It is important that the app developers can make an app that is compatible with every smartphone device. We will need them to create, maintain and update the app when there are bugs and problems. Another potential supplier would be Google Play or any other mobile platform to distribute our app. Partners: A potential first partner would be the New Zealand Universities. For example the app can link with University of Aucklands Cecil so that important dates from the announcements can be synchronised and stored into the apps calendar.
3.6 Strategy: Focused Low Cost Competitive Scope- primarily we only focus on university students with smartphones. Therefore, this is a narrow market competitive scope. Cost strategy- We offer this app to our customers for free. This app does not require any in- app purchases. Therefore, it is a low cost strategy. Therefore our strategy is focused low cost. 3.7 Value Chain Activity: Technology Development Technology development and research development is the most important value-adding chain activity. The development of this product is vital if we want to fulfil our vision of providing an app that is easy to use and accessible. Development of technology will help lower cost of productions which is important as we offer our app for free. Furthermore it will improve accessibility which is an aspect part of our vision. (Marsden, O, J., 2004)
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6 3.8 Business Processes 3.8.1. MARKET REASEARCH PROCESS- Market Research Process is essential for this start up business to succeed it helps us identify which market is better to target. The process occurs before the app is launched and involves gathering data to help determine whether their product will cater for the customers needs. As this industry is very competitive, it is important that our product is different and innovative so that we can gain a competitive advantage. Market Research provides the business with meaningful information that the business can then use make better strategic business decisions.
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7 3.8.2. NEW PRODUCT DEVLOPMENT PROCESS - New Product development process is an important. It ensures that our app differentiates from other apps that are already available in app markets. It also makes sure that the app is feasible and viable and will satisfy the targeted customers needs.
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8 3.9 Functionalities 3.9.1. MARKET RESEARCH PROCESS Analyses and examines raw data. Generates information report. 3.9.2. NEW DEVELOPMENT PROCESS Identifies best Idea to develop from the concept testing results Forecasts costs for developing the product Gives the customers the option if they want to update their app. 3.10 Systems
3.10. 1. FINANCI AL MODELLING SYSTEM - The financial modelling system supports the new development process. It is used to forecast costs associated when developing the product. It is important that the business can see these estimated figures so that they can make good decisions and keep costs low at all times. If costs are kept at a low level, then we will able to off app for free, thus meeting our vision. 3.10. 2. APP SOFTWARE UPDATE SYSTEM - This system supports the new product development process and incorporates key functionalities by updating the app on a regular basis. After the product launch OTC will improve the app based on the customer feedback. By updating the app regularly it will ensure that bugs and problem are solved. 3.10. 3. DATA ANALYSI S SYSTEM - Data Analysis System supports the market research process as well as the new product process. It does this by the analysing and categorising data that has been collected from the survey and turning it into meaningful information. A report is created and to help make decision-making and the development of the new product easier.
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9 3.11. Summary Table: Value Chain to Systems
Value Chain Activity Processes Functionalities Specific Information System(s) Broad Information System(s)
Bavarian bergkase fromage queso 1. Market Research process 1. Analyses and examines raw data.
2. Generates information report.
Data Analysis system
Data Analysis system Decision support system
Decision Support system 2. New Product Development process 1. Identifies best Idea to develop from the concept testing results 2. Forecasts costs for developing the product
3. Gives the customers the option if they want to update their app. Data Analysis system
Financial Modelling System
App Software Update system Decision Support System
Decision Support System
Collaboration system
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10 CONCLUSION Never has it been so easy to organise your life. With a touch of a button university students around New Zealand can organise, prioritise and stay on track with their academic work using our app. This will improve time management skills and helps prevent stress, poor grades and bad health habits. Overall, On the Clock makes everything easier and more convenient for students so they can enjoy university life. REFERENCES
1. AppBrain. (2014). AppBrain Stats. Retrieved from http://www.appbrain.com/stats/android-market-app-categories 2. Arizona State University. (n.d). Stress management. Retrieved from https://eoss.asu.edu/wellness/stressmanagement 3. Thomas, C. (n.d). How much does it cost to develop an app?. Retrieved from http://www.bluecloudsolutions.com/blog/cost-develop-app/ 4. Sutter, F., (2012). Analysis of the app market based on Michael Porters five competitive forces. Retrieved from http://3xhappiness.com/analysis-of-the-app- market-based-on-michael-porters-five-competitive-forces/ 5. Marsden, O, J., (2004) Technology Development and Competitive Advantage: Sustainable or Short Term?. Retrieved from http://www.eswp.com/PDF/PEfall04_metals13-18.pdf
S.110 Business Systems: Deliverable 2: Business Section 2014 Name Marthalena Heather Netid Group Number: Website Link: Tutorial Details Tutor: Day: Time: Time Spent On Assignment: Word Count: 1641