NIWD Pvt. Ltd., Business Plan Harvard Case Solution & Analysis

NIWD Pvt. Ltd.,Business Plan Case Study Solution 

Important reasons to choose IT

High Performance

A structure and successful business is a business that can decrease the costs and increase its resources. Information Technology allows to simplify work procedures and better the connections within the firm, thus helping the staff reduce the time and make the job more successful.

For example, the use of team relationship software can allow employees to share information much faster and chance or comment on files in real time. This improves productivity compared to sending emails to each other and waiting for a quick response. Sending documents on a cooperative platform helps keep project data more structured and reachable to all team members, which means the employees wouldn’t have to search for their emails or crucial desk documents repeatedly, which they’ve received in days or weeks.

As a result of increasing the productivity of the business - therefore, the productivity of the staff also increases – the firm is more likely to see a higher profit. For example, the employees spend less time on time-taken jobs, which means that the pay the employees get leads to more and better work opportunities.

New Products, Services, and Business Models

Information Technology can help the firm find increased business patterns and know new types of items and services that the customers can order. If the firm do not use new IT solutions, the items and services are likely to grow and decrease the overall productivity. Consumers want to be done frequently, especially as technology continues to develop to equal their ever-changing needs and wants.

Discover New Items and Services for Customers

The accessibility of details provided by IT, including advertising  and customer data, and the ability to capture directly with consumers through online platform and other social platform means that it is much easier to know the needs of the customers.

Customers are more likely to quit a statement online, and the firm can collect this feedback to know how their needs vary over the time, what they want in their items or services, and how the firm can better the items or services. In fact, you can ask them directly through studies, which can be sent online directly to the customers or attach on social media.

Create new business models to deliver products and services to customers

Your desire to hold new IT solutions can open up new chances when it comes to how to send your items and services. For example, the use of QR numbers makes it easier and convenient to offer discounts to your customers. Even positioning up an e-commerce page can assist bring in a large number of consumers you may never have reached before. Focusing on the online marketing attempt can also have an increased effect on your business model.

Most importantly, IT can help the firm improve the existing business models and help them build new business models that will put the firm in a better place to advance in the future and in the present expansion as well.

Communication and Customer Relationship

The use of Information Technology makes it fast to connect with consumers  and vendors, which in turn allows the firm to work better in making long-lasting connections with both. This can be done by positioning yourself to help the customers and supplier in a more structured and suitable manner; for example, you can better define availability where the firm can find officials by phone, email, live web chat, and social media. In addition, business-to-business (B2B) combination can slow business and create “tenacity” for key consumers and suppliers.

Making it simpler for consumers and suppliers to reach you will help the firm deal with any difficulties, questions or objections quickly, stopping their discouragement with long reaction times or getting thrust in trouble and with no one to help them. Using IT to better the availability will only help to improve the firm’s connections with consumers and suppliers, and will help in building belief and promoting unity.

Furthermore, the use of CRM (customer relationship management) software allows the firm to keep all the contact details in one place. You will have quick gain to information about the customers, including what the consumer purchased, feedback, and much more. All of this makes it easier for to improve the connections with your customers, as you point out your advertising efforts timely based on their routine and interests.

Advanced Decision Making

Building an IT budget is a crucial and demanding task for any firm. But without a work plan, it is often very important and tuff to know what IT business plans a business wants to get fulfill its goals. Without a live strategy, advertisers generally do not know how to successfully use the IT solutions needed to get a bigger business creativity. Therefore, having a practical map can help a business in making a successful statement for its future.

Information Technology software allows the firm to get big amounts of detail, including what independent company do to your website, how other web pages execute and much more. The firm not only use IT to collect this crucial data, but it will instinctively setup the firm can easily analyze the most crucial section of data, from your pricing information to the supplier agreements and more.

Businesses that did not have these expertise before will find that it is a game adaptation altogether. It allows them to make knowledgeable decisions from top to bottom. Not only can the firm collect and examine the amount of data it needs to inform in the decision-making.

Reasons why (personal interests, the desire to implement an idea of one’s own, to create jobs)

As I have already discussed the reasons that why I was motivated to explore this business model. As this business model completely focus on individual’s privacy and their rights on their own data. The basic idea behind this business model was to educate people about the value of their data, and provide opportunity to earn through sharing their personal data. I have this though that it is individual right to show their objection over the usage of their personal data. It is just a simple click which allow companies to share the user data and monitor the user activity. Like as we can say that more than 60% of people are using internet for health reasons also. Not only to check symptoms, people are also using internet to check reviews (of hospitals and doctors) and also to know about the side effects of medicines prescribed. So while looking for this data; the companies can sell this data to doctors and pharm companies to increase their sales.

6. Development of the business identity

Business Description and orientation:

We will establish our company by making the browser extension which will ask individual their permission before sharing the user data.  Following the decision of owners, Company is going to offer its products, which will be the source of convince and earning way-out for our potential customers. Understanding the concerns of individuals and market we came up with this idea of browser extension. We have named our business as NDWI Pvt. Ltd. The NSWI business orientation is to increase individual knowledge about their personal data and make companies to pay in return if they are using your data. The main focus of this business model is to empower the customers and communicate them the value of their own user data.

Mission Statement:

NDWI Pvt Ltd offers customers option to share simply sale their data rather than sharing it without knowing. We aims at providing all customers with browser extension which for website and mobile application. We are committed at proving the best customer services with an inclusion of comfort, convenience and reliability to such customers who had faced hard time due to inconvenient services and have lost their trusts over the services which they had subscribed for.

Initial requirement description:

• We will rent a building for physical location.
• We will purchase office furniture including fixture, cupboard, 2 tables and 6 chairs, two computers.
• We will use 10 unique and high performing systems for technical support team.
• We will use each marketing Campion and mode to advertise our products.

Setting the business objectives

Goals & and plans:

1. We will target the population that frequently use social media and internet sources.
2. The Initial goal of company is to capture the investors’ attention by performing well in the market.

• Our Goal include the marketing strategies of the product, as we will start through free subscriptions so that customers take interest in our product and download our product.

1. We will not compromise on quality of products (i.e. we will deliver the best quality products) & quality of services (i.e. delivery time of products, dealing of our staff with customers).
2. In the beginning of our business we will capture 30 to 40% of our target market.
3. We will build customer relationship through timely service, quality products, loyalty cards, discount packages.............
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