This document provides details about Forget Me Watt (FMW), a proposed system that allows users to monitor and control appliances plugged into a powerboard via a smartphone app. It discusses FMW's vision, analyzes the technology industry, identifies customers and their needs, describes the product and services offered, outlines key suppliers and partners, and details the proposed differentiation strategy, value chain activities, business processes, functionalities, and systems.
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
This document provides details about Forget Me Watt (FMW), a proposed system that allows users to monitor and control appliances plugged into a powerboard via a smartphone app. It discusses FMW's vision, analyzes the technology industry, identifies customers and their needs, describes the product and services offered, outlines key suppliers and partners, and details the proposed differentiation strategy, value chain activities, business processes, functionalities, and systems.
This document provides details about Forget Me Watt (FMW), a proposed system that allows users to monitor and control appliances plugged into a powerboard via a smartphone app. It discusses FMW's vision, analyzes the technology industry, identifies customers and their needs, describes the product and services offered, outlines key suppliers and partners, and details the proposed differentiation strategy, value chain activities, business processes, functionalities, and systems.
This document provides details about Forget Me Watt (FMW), a proposed system that allows users to monitor and control appliances plugged into a powerboard via a smartphone app. It discusses FMW's vision, analyzes the technology industry, identifies customers and their needs, describes the product and services offered, outlines key suppliers and partners, and details the proposed differentiation strategy, value chain activities, business processes, functionalities, and systems.
Name Harry West NetID Hwes362 Group Number: 205 Website Link: http://infosys110group205.blogspot.co.nz Tutorial Details Tutor: Day: Time: Johnnie Shubert Wednesday 10am Time Spent on Assignment: 28 hours Word Count: 1,641
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2 FORGET ME WATT INTRODUCTION People often leave electronic devices plugged into electrical sockets while turned on for extended periods of time. This problem could potentially have negative symptoms, such as high energy consumption or even a house fire. Forget Me Watt (FMW) is a system that provides the solution to this problem. It allows users to view which appliances are plugged into the powerboard from the FMW iPhone app. The ability to turn plugged-in appliances on or off from any location allows the user to conveniently manage their power board without the hassle of doing it manually. 3. BUSINESS SECTION 3.1 Vision Forget Me Watt hopes to provide safety and awareness to a wide range of customers by communicating relevant information in the most convenient manner, with a focus of educating users of their electricity consumption. 3.2 Industry Analysis: Techonology Industry Industry: Techology Industry. Force: High/Low: Justification: Buyer power: High Buyer power between the customer and the seller is high as the technology industry currently contains many companies, with buyers being able to choose between many rival products. (Van Camp , J. 2012) Supplier power: Low There are many suppliers in the technology industry that FMW can purchase from. For
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3 example there are many choices in selecting which app developer to hire to create our app, with little differentiation between developers. (Smith, 2013) Threat of new entrants: Low It is difficult to enter the technology market as there are high entry barriers. Developing advanced technological products requires an increasing level of skill and knowledge in todays market. This entry barrier would likely incur high start up costs for research and deveolopment for the new entrant. Another barrier is that existing products have patents that limit new technologies. (The Guardian, 2014) Threat of substitutes: High The technology industry contains many similar products or services that are offered by different companies. Customers may not be able to differentiate between brands. Rivalry among existing competitors: High Customers have low cost to switching products. The high level of comptetion can be seen through the relationship between Apple and Samsung, two of the leading existing techonology competitors. Brands may have to constantly update and improve their product, have competitive pricing with their product, and successfully market their product to keep customers interested in their product over a competitiors.
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Overall attractiveness of the industry: Overall the technology industry is not an attractive industry to enter. As buyer power is high and supplier power is low, businesses must always have competitive pricing to compete with rival products. Rivalry between competitors is high, and products in the technology industry can be similar between companies, as product innovation from one product can soon be copied by a rival business in the fight for customers. It may be difficult to enter the technology industry due to the level of research, development and skilled production required, but this means the threat of new entrants in the industry is low. 3.3 Customers and Thei r Needs The target group of customers for the FMW appliance are owners of electronic appliances. Appliances such as cell phones are almost a necessity in modern world, meaning to people of almost every demographic in society could use our product. The phone application in particular must therefore be accessible to a wide variety of customers. As a portion of our large customer base will likely find the phone application more challenging, it must be more convenient, easy to operate, and easy to understand than a normal application. (Agarwal, 2014) 3.4 The Product and Service FMW satisfies the customers needs of being convenient, easy to operate and easy to understand through its simplistic interface. The product is convenient to the customer it eliminates the need to return to the power board to check what appliances are active. Customers can simply use the FMW app to assess the power board usage from any location. The power board and phone application are easy to operate for the customer due to the simplistic design. Once an appliance has been plugged into the powerboard, it is easy to view the appliance and its summary statistics from the phone application. The statistics are easy to interperate and understand, as they are shown in common units such as watts and dollars. 3.5 Suppliers and Partners One supplier to FMW would be the supplier of raw materials. Materials such as wires, plastic and metal would be needed to be outsourced to create the powerboard. Another
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5 supplier of our product would be an app developer. They would need to supply us with the coding to create our application and connect us to phone application platforms. One partner for FMW would be the mobile application platform provider itself. The FMW application would be placed onto the platform with the assisstance of tools provided by companies such as Apple and Android that allow it to be downloaded onto devices. 3.6 Strategy: Differentiation FMW is scoped towards a broad market. The product is not specialised towards a particular sector of the market, but rather aimed at anyone who owns electrical appliances. The product would use a high cost strategy, as the technology is advanced and focused on offering high quality convenience and assistance as opposed to trying to be the cheapest on the market. The overall strategy is therefore Differentiation. 3.7 Value Chain Activity: Technology development (and Research and Development) The most important value chain activity for this business is Technology development (and Research and Development). FMW would require a high level of technology research and development to achieve its vision of provide safety and awareness in a convenient manner. Constant research into how to best monitor levels of electricty usage within the powerboard, and how to best convey those levels through the wifi connection and phone application would be necessary to fully accomplish the companys vision. The focus constant improvement through research and development is what hopes to justify the differentiation strategy, as customers are paying for high quality rather than low cost. 3.8 Business Processes 3.8.1. PRODUCT RESEARCH AND DEVELOPMENT PROCESS - The product research and development process involves reviewing the current product, identifying improvements for the product, designing the improvements and creating the prototype. If the prototype is reviewed to be successful, then the business can begin creating the new product. The
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6 process of continued product review and improvement helps ensure the customer is receiving a high quality product that delivers value and keeps to our vision. PRODUCT DEVELOPMENT PROCESS
3.8.2. CUSTOMER SERVI CE PROCESS The customer service process is an essential part of the research and development value chain activity. Customer feedback is the best way for the company to identify how the product could be developed further to reach the companys vision. The first step in the customer service process is to make contact with the customer through phone call or email based on their details. This can either be initiated by the company or by the customer. Once the customer has been identified by their user account,
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7 their details can be retreived from the customer database. If the customer makes a negative complaint, the helpline should attempt to resolve the issue. If the complaint is a negative opinion of the product, the process requires the feedback be recorded. Positive feedback should also be recorded. The customers details are then updated with a summary of their experience. CUSTOMER SERVICE PROCESS
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8 3.9 Functionalities 3.9.1. PRODUCT DEVELOPMENT PROCESS To analyse trends in customer feedback To control development of product 3.9.2. CUSTOMER SERVI CE PROCESS To contact a customer To record customer feedback 3.10 Systems
3.10. 1. CALL PROCESSING SYSTEM The call processing system is used by call centers to support the functionality of contacting customers. It stores the contact details of the customer base and alerts the call operater when a customer should be contacted. Contacting and communicating with customers is essential to ensure the business is keeping in touch its users. Their feedback can help us understand what technology and development is necessary to acheive our vision of a convenient product . 3.10. 2. DATA MANAGEMENT SYSTEM This computerised system manages the database of raw information that has been provided through sales or customer feedback. It can support the functionality of analysing trends in customer feedback by taking recorded feedback data and sorting it into customer demographic categories to give a clearer user-friendly picture of the data for identification of patterns. This knowledge and wisdown gained through managing data helps the company to make decisions on a managerial level that can influence technology and development to improve our product and achieve our vision. 3.10. 3. DEVELOPMENT MANAGEMENT SYSTEM The development management system is used to organise and coordinate the technology development process. Once a time frame and budget for development have been established, the system uses enterprise wide information (finance, inventory etc) to simplify the development process by calculating its limits. Having an organised and controlled development process helps the business focus on delivering a product of the highest value to the customer.
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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)
Technology development (and Research and Development) 1. Product Development Process 1. To control development of a product
2. To analyse trends in customer feedback Development Management System
Data Mining System Enterprise Resource Planning
Decision Support System 2. Customer Service Process 1. To contact a customer
2. To record customer feedback Call Processing System Customer Relations Management
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10 CONCLUSION Forget Me Watt is a product that uses information systems to create information technology, which delivers value to customers. The companys vision is to provide information and awareness to customers by conveniently providing relevant information on their electricity usage. To achieve this vision, FMW has a focus on technology research and delevopment. This value chain activity is supported by a number of information systems that ensure the company is operating at an optimum level. REFERENCES
1. Van Camp , J. (2012, June 26). How to choose a smartphone | Cell phone buying guide | Digital Trends. Retrieved from http://www.digitaltrends.com/mobile/cell- phone-buying-guide/#!Ql1N1
2. Smith, G. (2013, December). 10 Excellent Platforms for Building Mobile Apps. Retrieved from http://mashable.com/2013/12/03/build-mobile-apps/
3. Samsung ordered to pay Apple $120m for patent violation | Technology | theguardian.com. (2014, May). Retrieved from http://www.theguardian.com/technology/2014/may/03/samsung-ordered-to-pay-apple- 120m-for-patent-violation
4. Wagstaff, J., & Kim, M. (2012). Apple and Samsung: A defining rivalry in a changed mobile market| Reuters. Retrieved from http://www.reuters.com/article/2012/12/07/us-apple-samsung- idUSBRE8B61B220121207
5. Agarwal, S. (2014). What makes a great App? [Infographic]. Retrieved from http://www.socialstrategi.com/great-app-design/
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