Vision/ Scope?

Vision/ Scope


E-Commerce is a panacea to expand a business beyond the boundaries. Huge revenue can be generated by providing services or products in international market. Many successful businessmen used E-Commerce strategies to expand business activities to get maximum share in international market. There are many examples of successful businesses in Pakistan like US Apparel, Guard Rice etc. who expanded their business gradually and now they are pioneers in their business. If one student becomes able to implement such type of activity, he will create many opportunities for other graduates. Because when one graduate gets a job, he becomes able to afford at most one family only and on the other hand, if one graduate starts business successfully, he becomes source of earning for many families. Students would be asked to give an idea of products or services in which they are agreed to get excel in future. Further, the students can be asked to analyze a current system (company or an organization) to identify its problems and providing them the e-business \ e-commerce solutions to participate the globalization


After the successful completion of the course, the students should be able to implement e-commerce strategy in both ways like:


1. Implementation of new business idea with comprehensive international market analysis with respect to culture, language, trust building, economic position, demand of any product or service (remember: 70% new ideas fail due to lack of market analysis)


2. Expansion of old or existing business by E-Commerce to get benefits of globalization and international market share to generate huge revenue from business.








Remember:





Competing the international market is not a child’s play; it requires a comprehensive market analysis, compliance with the international standards and any business man can get benefit from fulfilling any unmet need of the inhabitants of any country. This is possible via E-Commerce. Further, it should be taken into consideration what we can produce in Pakistan easily with low cost. We can enlist the products like leather, cotton, furniture, rice, wheat, soft ware, towels, socks, vegetables, fruit, shoes, books, paper, gifts, flowers, toys, jeans, dresses, shawls, man power etc. Also, we should keep in mind what we should import from abroad like machinery, vehicles, electronics etc.





Project Deliverables


There will be four deliverables of this project. Template of 1st deliverable is given below and other deliverables will be uploaded from time to time along with their comprehensive templates for your complete guidance.


1st Deliverable:





You are required to submit a proposal about the implementation of E-business/ E-Commerce solution in a new idea of any product / service





OR





About analyzing any existing system with respect to its transformation into E-commerce \ E-business solution





You are given a choice of choosing a new idea or an existing system. Therefore, two different templates of proposals are provided you for better understanding.





Note: Existing system means any company or an organization which is doing its business manually











Proposal Template for New Idea





1. Proposal containing idea and feasibility


a. Description of idea (in one paragraph)


i. What is your Idea?


ii. Idea is product based or service based


iii. Feasibility study w.r.t budget, time, technology availability


b. Importance of idea (in one paragraph)


i. Business value


ii. Revenue generation


iii. Market share


iv. Exposure


v. Growth in future perspectives


c. Target market / customers (in one paragraph)


i. User type


ii. Cultural issues w.r.t target customers


iii. Languages issues regarding target customers


iv. Legal issues w.r.t product or services


v. Political perspectives


vi. Trust building


vii. Answering the below Questionnaire by market analysis


These questions will enhance your understanding and knowledge of your target market and industry, and ultimately determine: Is there a need for my product or service?


• What defined market am I trying to reach?


• What specific companies are servicing this market?


o Are they successful?


o Are there other companies servicing this market with a similar product?


o Are they successful?


o What is their market share?


• Is the market saturated or wide open? If so, why?


• What is the size of the market?


o Is it a growing market?


o Is the industry stable, volatile, growing or trendy?


• How can I reach this market?


o How do my competitors reach the market?


• What are the business models of my competitors?


• What do customers expect from this type of product or service?


• What core competencies must the product or service have?


• What are customers willing to pay for this type of product or service?


• What is my competitive advantage?





d. Cost Benefit Analysis (CBA)


e. Payback Period


f. Rational /Summary





OR























Proposal Template for Existing System





1. Proposal about the solution of identified problem in existing system


d. Problem description found in the system and solution proposed


i. What was the problem?


ii. Severity of problem


iii. Impact on the current working system


iv. Solution proposed


v. Feasibility study w.r.t budget, time, technology availability


e. Importance of solution (in one paragraph)


i. Business value


ii. Revenue generation


iii. Market share


iv. Exposure


v. Growth in future perspectives


f. Target market / customers (in one paragraph)


i. User type


ii. Cultural issues w.r.t target customers


iii. Languages issues regarding target customers


iv. Legal issues w.r.t. product or services


v. Political perspectives


vi. Trust building


vii. Answering the below Questionnaire w.r.t market analysis


These questions will enhance your understanding and knowledge of your target market and industry, and ultimately determine: Is there a need for my product or service?


• What defined market am I trying to reach?


• What specific companies are servicing this market?


o Are they successful?


o Are there other companies servicing this market with a similar product?


o Are they successful?


o What is their market share?


• Is the market saturated or wide open? If so, why?


• What is the size of the market?


o Is it a growing market?


o Is the industry stable, volatile, growing or trendy?


• How can I reach this market?


o How do my competitors reach the market?


• What are the business models of my competitors?


• What do customers expect from this type of product or service?


• What core competencies must the product or service have?


• What are customers willing to pay for this type of product or service?


• What is my competitive advantage?





d. Cost Benefit Analysis (CBA)


e. Payback Period


f. Rational /Summary

















NOTE:


Please you get practical experience of market in this regard and chose a product or service which has potential need into the current international market and then proceed in accordance with the instructions provided in the deliverable. Further, you can chose any already running system of an organization regarding purchasing, selling, trading etc. and analyze it and identify the problems and propose an E-commerce\ E-business solution.

Vision/ Scope?
Hi


What%26#039;s ur point?


What r u trying to ask?
Reply:Virtual University Of Pakistan will take a serious action against this student............



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