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. …

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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

 

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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. …
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