for the first part , “My service is professional speaker/influencer”
Building Business Models
The purpose of this assignment is to recognize the importance of putting together a business model. In reference to your business or product:
A) Respond and submit questions 1- 9 in paragraph form. See questions listed below.
B) Create and submit your business model canvas. (See p. 119 for an example). The Canvas should be in the form of a chart.
Discuss your business/service’s CVP (Customer Value Proposition). Address questions like: What value do we deliver? What bundle of products and services are we offering? What are we helping customers achieve by providing our product/service?
Identify your customer segments? Address questions like: Who are our most important customers: What segment of the market would be most likely to buy our product/service? Be specific: explore the demographics of your target customer [age, gender, income, location, nationality, profession, personality (are they risk takers, spontaneous, trendsetters, traditionalists, etc?)].
Discuss channels and why you choose them. Address the question: What are all the ways in which you can reach your customers?
Discuss how you will maintain customer relationships. Address the question: How will we establish and maintain relationships with our customers?
Describe the key activities the company participates in to get the job done.
Describe each of the key resources necessary to develop the business, create the product and service and deliver on the CVP.
Discuss who will be you be partnering with, suppliers, buyers, associates, logistic companies, and any other networks, and why you have chosen them.
Discuss your revenue streams. Address questions like: Ask yourself how much are customers willing to pay? How many customers do you need? How much cash can be generated through each stream?
Discuss your cost structure. Address questions like: What are the most important costs inherent in the business model? Which resources are the most expensive to get: which activities are the most expensive?
Part 2:
Testing and Experimenting with New Ideas (Storyboard and Hypothesis Testing Using Scientific-method)
Read the Mindshift in your textbook, on page 164: “Create a Storyboard and Take Action”. You will be creating and submitting your storyboard and responses to and submitting questions listed below: 1, 2, 3, 4, 5, 6, 7 and 8.
Create a Storyboard. It should include: Your idea: problem, solution, organization and outcomes/benefits. (Submit your storyboard by scanning it as a jpeg imagine or photograph it).
Write a list of questions, now that you have envisioned your idea in the storyboard.
Of your top three questions, choose one question to translate into an experiment. Develop an action-oriented experiment, using the Scientific Method (see page 164-169) by completing the following:
Form a hypothesis.
Conduct research or test your hypothesis.
Analyze the results.
At the outset of this exercise, how did you feel about being asked to create a storyboard? Do you think people with artistic training or talent have an advantage in story boarding? why or why not?
How many questions did you have? Is your list of questions longer or shorter than you expected? How easy or difficult was it to translate your top three question into an experiment?
Explain in your submission how you developed your action-oriented experiment, using Scientific-method by reflecting on the following questions:
What was the experiment designed to examine?
What was your hypothesis?
Briefly describe how your experiment was conducted.
What did you learn from conducting the experiment?
How will you build on this information in the future?
Overall Reflection; What did you learn from this exercise that surprised you?
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Finc310-2105A-01 Week 2 Money and Capital Markets
Why do you think that inflation is so low in the U.S. economy at this time?
Explain how monetary policy and actions by the Federal Reserve influence national economic goals of achieving full employment, controlling inflation, sustaining adequate growth, and achieving a stable balance-of-payments position.
Which of these national economic goals have recent actions by the Federal Reserve addressed?
In your opinion, have they been successful in achieving a balance?
write 400-600 words that respond to the following questions with your thoughts, ideas, and comments.
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Discuss the importance of asset allocation in constructing the investment portfolio. Finc320-2105A
Business Assignment Help Discuss the importance of asset allocation in constructing the investment portfolio. Make sure you address the following:
Describe asset classes, including stocks, bonds, and cash.
Explain the percentage of asset classes within the portfolio based on purpose and investor demographics.
Discuss the stock–bond ratio for a conservative, moderate, and aggressive investor
write 300–500 words that respond to the following questions with your thoughts, ideas, and comments.
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Waiting line model- Case study
The purpose of this assignment is to apply a waiting line model to a business service operation in order to recommend the most efficient use of time and resources.
(This assignment has been adapted from Case Problem 2 in Chapter 15 of the textbook.)
Use the information in the scenario provided to prepare a managerial report for Office Equipment, Inc. (OEI).
Scenario
Office Equipment, Inc. (OEI) leases automatic mailing machines to business customers in Fort Wayne, Indiana. The company built its success on a reputation of providing timely maintenance and repair service. Each OEI service contract states that a service technician will arrive at a customer’s business site within an average of 3 hours from the time that the customer notifies OEI of an equipment problem.
Currently, OEI has 10 customers with service contracts. One service technician is responsible for handling all service calls. A statistical analysis of historical service records indicates that a customer requests a service call at an average rate of one call per 50 hours of operation. If the service technician is available when a customer calls for service, it takes the technician an average of 1 hour of travel time to reach the customer’s office and an average of 1.5 hours to complete the repair service. However, if the service technician is busy with another customer when a new customer calls for service, the technician completes the current service call and any other waiting service calls before responding to the new service call. In such cases, after the technician is free from all existing service commitments, the technician takes an average of 1 hour of travel time to reach the new customer’s office and an average of 1.5 hours to complete the repair service. The cost of the service technician is $80 per hour. The downtime cost (wait time and service time) for customers is $100 per hour.
OEI is planning to expand its business. Within 1 year, OEI projects that it will have 20 customers, and within 2 years, OEI projects that it will have 30 customers. Although OEI is satisfied that one service technician can handle the 10 existing customers, management is concerned about the ability of one technician to meet the average 3-hour service call guarantee when the OEI customer base expands. In a recent planning meeting, the marketing manager made a proposal to add a second service technician when OEI reaches 20 customers and to add a third service technician when OEI reaches 30 customers. Before making a final decision, management would like an analysis of OEI service capabilities. OEI is particularly interested in meeting the average 3-hour waiting time guarantee at the lowest possible total cost.
Managerial Report
Develop a managerial report (1,000-1,250 words) summarizing your analysis of the OEI service capabilities. Make recommendations regarding the number of technicians to be used when OEI reaches 20 and then 30 customers, and justify your response. Include a discussion of the following issues in your report:
What is the arrival rate for each customer?
What is the service rate in terms of the number of customers per hour? (Remember that the average travel time of 1 hour is counted as service time because the time that the service technician is busy handling a service call includes the travel time in addition to the time required to complete the repair.)
Waiting line models generally assume that the arriving customers are in the same location as the service facility. Consider how OEI is different in this regard, given that a service technician travels an average of 1 hour to reach each customer. How should the travel time and the waiting time predicted by the waiting line model be combined to determine the total customer waiting time? Explain.
OEI is satisfied that one service technician can handle the 10 existing customers. Use a waiting line model to determine the following information: (a) probability that no customers are in the system, (b) average number of customers in the waiting line, (c) average number of customers in the system, (d) average time a customer waits until the service technician arrives, (e) average time a customer waits until the machine is back in operation, (f) probability that a customer will have to wait more than one hour for the service technician to arrive, and (g) the total cost per hour for the service operation.
Do you agree with OEI management that one technician can meet the average 3-hour service call guarantee? Why or why not?
What is your recommendation for the number of service technicians to hire when OEI expands to 20 customers? Use the information that you developed in Question 4 (above) to justify your answer.
What is your recommendation for the number of service technicians to hire when OEI expands to 30 customers? Use the information that you developed in Question 4 (above) to justify your answer.
What are the annual savings of your recommendation in Question 6 (above) compared to the planning committee’s proposal that 30 customers will require three service technicians? (Assume 250 days of operation per year.) How was this determination reached?
APA format
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