Trade and technology

Document Type:Case Study

Subject Area:Management

Document 1

The need for a test system is of paramount importance to ensure intensive installations. A marketing budget is important to ensure all the costs are catered for such as domain name registration, web hosting, security certificates, and automated backup and restoration process (Karayanni, 2003). Domain name registration, phrase or tagline A great, recognizable and easy domain name is used to enable successive advertisement. The briefness of a domain name should make sense to a consumer at once. Consider a human resource company which uses the PlanPreventProtect. Automated backup and restoration process There are many challenges that are encountered during data back-ups like fire damages, theft and cyber security threats which harm the stored data. Again; this is a cost on its own.

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The company is likely to spend about 25 Euros for 25GB or less. Recommendations There is a need for proper budgeting and a schedule for implementation of the website. The success of the website depends on the commitment of both parties towards the achievement of a live and usable website. Marketing strategy-Adequate information about the existing and reliable supply chain should be researched. The fluctuations of currencies and their trends ensure minimized risks of losses. With this information, the firm is likely to successfully penetrate the market through adequate market research. Website development costs like the costs of hiring and maintaining a website developer. This is especially the most crucial part that requires great attention. Payment options-The staffs should be trained in e-transactions and accounting systems.

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There is need to provide various payment solutions to handle the wide range of shoppers. This can greatly encourage people to buy the products (Jantune and Johansson, 2012). Shipping cost is the extra cost incurred beyond the actual price of an item. A customer is likely to do online shopping when the shipping cost is relatively lower. 10 Project governance………………………………………………………………………………. 11 Organization framework…………………………………………………………………………12 Project responsibilities…………………………………………………………………………. 13 Financial plans…………………………………………………………………………………. 14 Determination of return on investment (ROI)…………………………………………………. 15 Expected business results………………………………………………………………………. 25 B. Annual Cost…………………………………………………………………………………. 26 C. additional IT personnel………………………………………………………………………. 27 D. Hock and Clauss, (2016). The impact of organizational culture on a firm's capability to innovate the business model.  R&D Management, 46(3), 433-450. Jantunen and Johansson, A. Beyond appearances–do dynamic capabilities of innovative firms actually differ? European Management Journal, 30(2), 141-155. Two-sided Internet platforms: A business model lifecycle perspective.

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