HW 2 Part I:
Idea One
Digi- Equips- A place for all electronic accessories and main products.
Mission Statement
Digi-Equips is committed to serve its customers with quality supply of their electronic needs and expectations. The company holds its promise to deliver all range of electronic goods and services.
Problem Definition
The e-platforms are not yet dedicated to the electronic goods and services fully. The branding and positioning in the virtual market is subjected to enlist the products over a third party selling website like Amazon etc. Thus, there is lack of individuality in terms of holding market position for electronic goods (Roos, 2008).
Suggested Solution
However, the era of digital goods has increased the value proposition of this business idea, if perceived from the angle of developing a dedicated website that only deals in a specific range of products.
Value Proposition
Investment over developing dedicated e-commerce platforms to electronic goods will deliver value generated profits; there will be returns on the invested capital due to the single premium space given to the consumers looking especially for the electronic goods.
Competitive Advantage and Sustainable Strategy
The idea will serve the purpose of targeting one segment of customers fully and it will give advantage over the general platforms that deal in all types of goods. The platform will justify that electronic goods and the anticipations of the customers about it can be met at a single place.
Idea Two
Leaner Paradise-a place for all kinds of educational concerns for students
Mission Statement
Learner Paradise is a group of qualified tutors who are ready to entertain students 24/7 with all subjects. The company is committed to help students in attaining their desired outputs in educational sector.
Problem Statement
The e-commerce for learning online and development of e platforms is a typical task to handle. It is perceived that freelance teaching includes that freedom of work, which allows users to work on as many platforms as possible (Brautigam, 2017).
Suggested Solution
However, Learner Paradise will provide lucrative offers to the tutors so that they devote their full time on this website. It will enable the website to generate more value proposition and cover the weaknesses of the market related to online learning.
Value Proposition
The idea will provide business value because of the fact that experts of various subjects will be recruited and they will be provided space to work with commitment which is unconventional to freelance tutoring.
Competitive Advantage and Sustainable Strategy
An advantage will be taken in the form of sustaining the experts at a platform which gives them opportunity to work full time and it will help in sustaining the learning platform. The strategic implementation of providing full time working for tutors will enable them to share their skills in the best manner possible.
References
Brautigam, B XXXXXXXXXXHow using design thinking will fix design thinking.Accessed December,26(2019), XXXXXXXXXX
Roos, D XXXXXXXXXXThe History of E-commerce.How Stuff Works
HW #2 - Part II: Technological specifications
- For each of your e-commerce ideas, create a separate post in which you list ALL the technological specifications needed to make it a reality
- Make sure to be comprehensive and cover all the topics from the readings and the slides
3. You can include other information that will help clarify your ideas
HW #2 - Part III: SWOT Analysis
1. In a separate post, include a SWOT analysis of their e-commerce ideas and technical specifications.
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