Professional Documents
Culture Documents
To be filled by Student
Q1: Read the given case and answer the questions given at the end.
Solution
These days everyone in the society is using social media. The
idea of online marketing has been accepted by most
businesses as it amounts to the customer targeting, which
means more sales compared to other types of marketing. For
these purposes, the idea of the use of social media in
marketing often appears to be applied by multiple decisions
taken by managing bodies. Therefore, the use of social media
new technologies resulted in high quality in talking to
customers.
For Example
Since several businesses are carrying out advertisements that
focus on Facebook's messaging apps to gain greater reach, the
use of social media in advertisement and product advertising.
Facebook ads, for example, have the potential to 'like' a brand,
send an online gift, answer a survey request, or stream
information to your news feed instantly. Twitter, on the other
hand, has created many new offerings, such as 'Promoted
Tweets' and 'Promoted Trends' for interested advertisers. Such
functions offer advertisers the opportunity to display their
tweets to specific goals.
Usage of knowledge discovery to collect data: Although Gree
Company has so many followers of social media who obtain
reviews on social networks and related sites, to collect these
data, the company uses text mining. In order to answer
customer questions and respond to complaints, Gree
Company also uses a dedicated team of Twitter responders.
Solution
Advantages
Solution
It is valid that Facebook and Twitter should be used by all
businesses. With the latest technological development, all
companies need to market their product as much as possible to
many buyers and social media provides the best platform for
promoting the products to a larger variety of customers, so no
single company should be left out. It is also the goal of all
companies to grow and this can be done easily by carrying out
thorough market research and greatly helping in this through
social media. The company should allow consumers that they
communicate with them more frequently to understand their
view of the product, so social media should be searched for at
a much lower cost to allow this to be the most acceptable
businesses to use the platform are those that are newly
entering the market or those that are growing as they allow
easier and cheaper advertisement and branding.
Q2: Suppose you are working as a project manager in a
manufacturing firm. Your organization is looking at upgrading
the ERP system. You are asked to write a report on the
potential benefits and challenges of upgrading the system. (8
Marks)
Solution
1. Describe the points you would consider to include in your
report? (4 Marks)
Solution
Points of ERP System
1.Enhanced Business Reporting:
Better reporting tools with real-time information
A single source of truth – one integrated database for all business
processes
Solution
Depending on the points included in the report, I will Upgrade
ERP system of the Firm because it can help us with many
things such as business reporting will be enhanced, we can
give better services to the customer. Inventory system will be
improved. Cost will be saved. Data will be secured and saved.
Modernized Validation of Business Method can be done. ERP
projects today are much more successful than in the past.
Coupled with the fact that cloud ERP software options available
on the market today are easier to implement, and keeping in
mind the benefits listed above, there’s a real business case for
ERP.
Q3: Ms. Ayesha is the owner of a women’s clothing store
called style zone. Style zone’s business has been successful
for many years, largely because of Ayesha’s ability to foresee
the needs and wants of her loyal customer base and provide
them with personalized and quality service. Ms. Ayesha does
not see any value in IT and does not want to invest any capital
in something that will not directly affect her business. Develop
a proposal describing the potential IT-enabled competitive
opportunities or threats Ayesha might be missing by not
incorporating IT in business and how IT can be used to gain a
competitive advantage in the market? (7 Marks)
Solution
THE END