E-Commerce The Following Pages Focus Thesis

Length: 7 pages Subject: Business Type: Thesis Paper: #41634736 Related Topics: Ecommerce, Virtual Team, Financial Crisis, Online Shopping
Excerpt from Thesis :

In this case, the company is continuously interested in investing in its employees through specialized training programs that can help them and the company to achieve the best professional results.

For other issues, related to technical, legal, or other matters, the company uses collaborators, so that the company's organizational structure is not charged with divisions whose presence is not permanently required within the company.

Operation Plan

The company's headquarters is located in New Jersey. The company owns a lab where the products are developed and tested, and a production facility, located in the same city. However, these facilities do not operate with cutting-edge technology, which is considered to be a weakness for the company, given the fact that it must compete with companies that are able to reach higher technological standards.

Given the circumstances, it is obvious that the company must make serious financial investments in upgrading the production facility. However, the company is not currently in the financial position that would allow for such investments.

The development and implementation of the new e-shop is designed in order to reduce certain costs. As a consequence, if financial and sales target are met, the company will be able to afford the upgrading of its production facility.

Product Design and Development Plan

The team...

...

The team is consisted of a marketing expert, a web designer, a financial manager, a software engineer, and a CRM specialist.

Product description. The e-shop will provide information on the company's products, their prices, and purchase and delivery related information. Other facilities that customers may find available on the website free of charge have been discussed above.

Product requirements. The general requirements of the e-shop are similar to any website's requirements.

Project schedule: e-shop theoretical development -- 2 months, e-shop actual development -- 1 month, e-shop testing -- 1 week.

Project costs: the entire costs of creating the e-shop, including its testing are estimated to reach $54,000.

Human resources required: given the fact that the product is basically a virtual one, the human resources involved in developing the e-shop are not numerous, and they are represented in the project team.

Risk analysis: the most important risk that must be taken into consideration is regarding the schedule. It is possible that the e-shop's launch date may not be met in case the testing of the product does not provide the forecasted results. Therefore, it is recommended to expand the testing period to 2 weeks at least.

Financial Projections

Assets:

Cash - $118,000

Tools and Equipment - $270,000

Accounts receivable - $53,000

Total - $441,000

Forecasted sales for the next 6 months following the launch of the e-shop - $97,000

Forecasted income - $90,000

Forecasted expenses - $50,000

Gross Profit - $47,000

Reference list:

1. Pitman, Simon (2009). The time…

Sources Used in Documents:

Gross Profit - $47,000

Reference list:

1. Pitman, Simon (2009). The time is now for niche players to target the developing markets. Cosmetics Design. Retrieved October 27, 2009 from http://www.cosmeticsdesign.com/Products-Markets/the-time-is-now-for-niche-players-to-target-the-developing-markets.


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