Posted: April 26th, 2022

Introduction, Business Requirements, and Competitors and Technology

Introduction, Business Requirements, and Competitors and Technology

Overview: This assignment is the first milestone that you will complete for your final project. In this milestone, you will address the following:

? You will begin drafting parts of your final project, focusing on your business requirements, competitors, and technology.
? This assignment is an important practice opportunity for you to create a draft, and to get feedback from your instructor to improve your final draft.
? The rubric reflects that this is a practice opportunity. You should focus on getting the necessary information into your draft. No draft is perfect.
? This milestone aligns with sections I, II, and III of your final project. Use the questions in the critical elements as a guide.
? You are free to work in the Final Project Template document or on a separate word document for your drafts.

o It is recommended you use the template to ensure you do not miss any items you need to address. The critical elements are highlighted in yellow in the template.

? The decision matrix is not required for this milestone; however, you will be submitting the decision matrix in Milestone Two. It is recommended that you use the template provided to help narrow your technology recommendation.

Prompt: Imagine that you work for the small brick-and-mortar business described in the final project case scenario. The owner of your business wants to focus on generating new revenue through e-commerce, but she knows that this change in operations requires the company to integrate new technology. To gain an understanding of what the business might need for technology, she has asked you to create a business systems analysis. In this analysis, you will clearly introduce the problem that your business is facing. Then, you will determine the business requirements for solving that problem, including the requirements that any new technology needs to meet.

Your goal in the final project is to establish an e-commerce presence, but you must improve the current technology first. Use the Decision Matrix document as you conduct your research for Helpance organizing your thoughts. (You will submit the completed decision matrix in Milestone Two.) For additional resources on developing the decision matrix, refer to:

? Decision Matrix: What It Is and How to Use It: This article defines the decision matrix and discusses how leaders evaluate and prioritize all of their options when considering solutions to a difficult task.
? Decision Matrix Analysis: This article explains how to use a decision matrix analysis, a useful technique for making a choice when many factors must be balanced. Captioned version of this resource can be found here.
? Decision Matrix Example: Use this resource to view an example of a completed decision matrix. Specifically, the following critical elements must be addressed:

I. Introduction: In this section, you will briefly introduce the small business from the case scenario, and the problem that it is trying to solve.

Clearly state the problem that the business owner is seeking to solve. Be sure to address the question of what your business ultimately wants todo.
Identify and briefly describe the two technologies from the list provided that you will research in your business systems analysis.

Business Requirements: In this section, you will determine what the business requirements are to solve the stated problem, and establish the criteria that will help form your technology recommendations. You will also articulate why the business owner should undertake the project of integrating new technology.
Explain the objectives of undertaking this project to integrate new technology. In others words, what should the project accomplish, and how does it support the goal of your business?
Provide a project description that explains the purpose of the project. Be sure to address the following:
What does your business need to do to satisfy the objectives?
What are the desired results at the end of the project?
Why is it important for your business owner to consider implementing new technology?
State the key technological requirements that will be required of any new technology in order to effectively solve your business’s problem. In other words, what specifically does the technology need to be capable of doing? (These are the technology requirements in the decision matrix.)
Competitors and Technology: In this section, you will describe two competing companies that operate in the same industry as your business. You will also explain how a company uses the two technologies that you are investigating to determine if the technology may be appropriate for your business to use. Remember that a list of competing companies was provided to you in the final project case scenario.
Technology One: Select one company in the same industry as your own that uses this technology. Briefly describe what that company does and how it uses this technology to support its business in general. Include specific examples.
Technology Two: Select one company in the same industry as your own that uses this technology. Briefly describe what that company does and how it uses this technology to support its business in general. Include specific examples.
Referring to what you learned in your research on the companies above, explain one specific way in which one of the companies is benefitting from technology, and describe the potential benefit to your business if you were to adopt the same approach.

[This is an APA-formatted template for the final project: Please be sure to remove ALL of the example content from this document prior to submission, as it is only there to help and provide examples. Example content is highlighted and surrounded with brackets within the document.]

Contents
Introduction 5
Problem Statement 5
Two Technologies 5
Business Requirements 5
Objectives 5
Project Description 5
Key Technology Requirements 6
Competitors and Technology 6
Technology One [Replace heading with the technology selected (e.g., Social Media)] 6
Technology Two [Replace heading with the technology selected (e.g., Social Media)] 6
Technology Solutions 7
Technology One 7
Technology Two 7
Recommendations 8
Technology Solution 8
Overall Benefit 8
Security Considerations 8
Security Features 8
Third-Party Vendors 8
Internal Safeguards 9
References 10
[Footnotes] 11
[Tables] 12
[Figures title:] 13

Final Paper
Introduction [Your Introduction must include the following two elements at a minimum]
Problem Statement1
[Clearly state the problem that the business owner is seeking to solve. Be sure to address the question of what your business ultimately wants to do.]

Two Technologies
[Identify and briefly describe the two technologies, from the list provided, that you will research in your business systems analysis.]

Business Requirements
Objectives
[Explain the objectives of undertaking this project to integrate new technology. In others words, what should the project accomplish, and how does it support the goal of your business?]

Project Description
[Provide a project description that explains the purpose of the project. Be sure to address the following:]

i. What does your business need to do to satisfy the objectives?
ii. What are the desired results at the end of the project?
iii. Why is it important for your business owner to consider implementing new technology?

Technology Requirements
[State the key technological requirements that will be required of any new technology in order to effectively solve your business’s problem. In other words, what specifically does the technology need to be capable of doing? (These are the technology requirements in the decision matrix.)]

Competitors and Technology
[In the section below, you will describe two competing companies that operate in the same industry as your business. You will also explain how a company uses the two technologies that you are investigating, to determine if the technology may be appropriate for your business to use. Remember that a list of competing companies was provided to you in the final project case scenario.]

Technology One [Replace heading with the technology selected (e.g., Social Media)]
[Select one company in the same industry as your own that uses this technology. Briefly describe what that company does and how it uses this technology to support its business in general. Include specific examples.]
Technology Two [Replace heading with the technology selected (e.g., Social Media)]
[Select one company in the same industry as your own that uses this technology. Briefly describe what that company does and how it uses this technology to support its business in general. Include specific examples.]
Technology Benefit
[Referring to what you learned in your research on the companies above, explain one specific way in which one of the companies is benefitting from technology, and describe the potential benefit to your business if you were to adopt the same approach.]
Technology Solutions
[In the section below, you will discuss how each of the two technologies meets the technology requirements that you identified in section II. Use your decision matrix to guide your responses.]
Technology One
[Explain how well this technology meets the technology requirements of your business. Be sure to address which technology requirements the technology meets, and where there are gaps.]
Technology Two
[Explain how well this technology meets the technology requirements of your business. Be sure to address which technology requirements the technology meets, and where there are gaps.]
Recommendations
[In the section below, you will recommend the technology solution that you believe is most appropriate for your business based on how well each technology meets your business’s technology requirements.]

Technology Solution
[Recommend a technology solution for your business, and defend why that solution is appropriate. You may recommend only one technology or any combination of the two that you investigated.]
Overall Benefit
[Explain the overall benefit of your recommended technology solution to your business. Consider the following:]

I. How will it will it enhance efficiency?
II. How will it position your business for future growth as you move online?

Basic Security Considerations
[In the section below, you will briefly explain what the owner of your business must consider in regard to security and privacy if they choose to adopt your recommendations.]
Security Features
[Explain the security features your recommended technology solution should have.]
Third-Party Vendors
[Briefly explain what your business should consider in regard to security and privacy as you seek out third-party vendors for the proposed technology.]
Internal Safeguards
[Briefly describe the internal safeguards that should be put in place in your business to guard against loss or misuse of company data. Provide examples.]
[Like all sections of your paper, references start on their own page. The references page that follows is created using the Citations & Bibliography feature, available on the References tab. This feature includes a style option that formats your references for APA 6th Edition. You can also use this feature to add in-text citations that are linked to your source, such as those shown at the end of this paragraph and the preceding paragraph. To customize a citation, right-click it and then click Edit Citation.] (Last Name, Year)

References
Last Name, F. M. (Year). Article Title. Journal Title, Pages From – To.
Last Name, F. M. (Year). Book Title. City Name: Publisher Name.

Footnotes
1[Add footnotes, if any, on their own page following references. For APA formatting requirements, it’s easy to just type your own footnote references and notes. To format a footnote reference, select the number and then, on the Home tab, in the Styles gallery, click Footnote Reference. The body of a footnote, such as this example, uses the Normal text style. (Note: If you delete this sample footnote, don’t forget to delete its in-text reference as well. That’s at the end of the sample Heading 2 paragraph on the first page of body content in this template.)]

Tables
Table 1
[Table Title]
Column Head Column Head Column Head Column Head Column Head
Row Head 123 123 123 123
Row Head 456 456 456 456
Row Head 789 789 789 789
Row Head 123 123 123 123
Row Head 456 456 456 456
Row Head 789 789 789 789
Note: [Place all tables for your paper in a tables section, following references (and, if applicable, footnotes). Start a new page for each table, include a table number and table title for each, as shown on this page. All explanatory text appears in a table note that follows the table, such as this one. Use the Table/Figure style, available on the Home tab, in the Styles gallery, to get the spacing between table and note. Tables in APA format can use single or 1.5 line spacing. Include a heading for every row and column, even if the content seems obvious. A default table style has been setup for this template that fits APA guidelines. To insert a table, on the Insert tab, click Table.]

Figures title:

Figure 1. [Include all figures in their own section, following references (and footnotes and tables, if applicable). Include a numbered caption for each figure. Use the Table/Figure style for easy spacing between figure and caption.]
For more information about all elements of APA formatting, please consult the APA Style Manual, 6th Edition.

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