Background
This
assignment is all about how we develop a business with help of the Porter’s
Five Forces. Further, how we recommend an information system to develop a
business with the help of information technology. By this assignment, we learn
the proper way to run a business and gain more knowledge about market. The
porter’s five forces explain us the
problem we might face when runs a business and also the way to overcome the
problem.
At
the end of this assignment, we learn the strategy of the business and also the
way to develop it. In future, this type of assignment can help us develop a
business and run the business with right way.
Addressing the
questions
1. The
application of Porter’s Five Forces in recognizing five major forces
that could endanger the company’s position.
FORCE
|
EXPLANATION
|
IMPACT OF THE FORCE TO THE BUSINESS
|
Bargaining Power Of Buyers
|
1.
Buyers demand for a
discount rate if they register more than one child in the kindergarten.
2.
Buyers will only pay
half of the fees whenever there is a long school holidays.
3.
Buyers do have many
kindergartens that offer similar syllabus at the competitive rate.
|
HIGH
|
Bargaining Power Of Suppliers
|
1. Bargaining Power of Suppliers.
2. The suppliers for service could be for the
facilities as such table,chairs and fans ,food &drinks,books,stationery
and teachers.
3. Kindergarten have many option rather than depending
on the suppliers.
4. For example: Each of the teachers can cook each
dishes of food daily for the kids.
|
LOW
|
Competitors
|
1. Rivalry amongst existing competitors.
2. There are many kindergartens providing the same syllabus at highly
competitive rates.
3.
The
Kindergartens provide many extra benefits such as swimming
class,tuitionclass,day care service,pianoclass,computer class and others.
|
HIGH
|
SUBSTITUTE
|
1. Threat of substitute product or
service
2. The Kindergartensshould make some changes on their service just to
attract attention from the parents.
3. For example,decorates the
kindergarten colourful and employ a well trained teachers and increase the
facilities.
4.
Therefore,the
kindergarten should spend a small amount of cash to gain more profit.
|
LOW
|
NEW
ENTRANTS
|
1. Threats of new entrants
2. To open a new kindergarten,it requires a big amount of cash,license,preparation
of infrastructure and formalities.
3.
So
, less opportunities for new entrants to enter the business
|
LOW
|
2.
Suggest how the threats established in question (1) can be addressed by IT/IS.
Forces to be addressed
|
Competitive strategy to be applied
|
Recommended system that supported by IT/IS
|
Buyers (Bargaining power)
|
Innovation
|
Parents may complaint
anything which is they not contented about the kindergarten services.
|
Cost leadership
|
1.0 Use top-up system as
payment
2. 0 30% off will be given
for those who paying the payment regularly.
|
|
·
Few
switching costs exist
|
little penalty for moving to another
supplier
|
3.
Choose 4 out of the 7 quotes by Little Wombat’s staff members, and produce
conceptual screen mock-ups of a
system that will address the questions in the quotes
1)
Administrator for Branch Cheras (Geetha Raj): I need to know how many
children we are expecting for the casual care in a day. I need to know which
part time staff members are available so that I can make bookings to care for
the children in the casual care. I also need to keep track of the fees payment
made by the parents.
After login to LITTLE WOMBATS staff portal, Miss Geethe Raj can view the list of students that are attending for the Casual Care Program in STUDENT INFO page. Then she can view the update of the staff that are attend for part time in the STAFF INFO page. She can edit the staff according to the time in the CASUAL CARE BOOKING page. If she wants to view the payments part she can enter the CASUAL CARE BOOKING PAYMENT page.
2)
Teacher/Team Lead (Maggie Tan): I need
to know the parents of the children under my care, the background of the
families or any special needs required so I can interact better with the
children as well as the parents. I need to continue improving my knowledge on
children’s early learning. I need to develop activities and programmes to be
shared with other teachers and care givers.
When Miss Maggie Tan enter the LITTLE WOMBATS
staff portal, she can go to STUDENT INFORMATION page to get to know the
students family background. She can easily reconize the studetns because their
photos are included there. Furthermore, she can go to EVENT PLANNER page to
develop new activities and edit the upcoming new activities. She also can share
this activities to the other teacher n care givers.
3) Child Care Giver (Mrs Doubtfire): Are any of the children under
my care allergic to anything? Who is not well today and is there any medication
I need to administer?
After login to LITTLE WOMBATS staff portal, Mr. Doubtfire can STUDENT MEDICAL INFORMATION page to see which students needs medical care. The parents will update their child illness or allergic and tey will inform if there any medicine to be given for their child. The CONTACT INFORMATION page is to Mr. Doubtfire contact the parents if any emergencies.
4) Parents
(Mr & Mrs Smith): I want
my children to get the best care and education; I wish to be able to ensure
their safety at all times. I need to know what my children’s daily activities
are at the centre.
This is the LITTLE WOMBATS parents portal where every parents will be given a ID and password to login this portal and their childs progress in the classes. Parents can view theirs child report cards and many more stuff via online in the MY CHILD PROGRESS page. Parents aslo can view the daily activity of classes in the ACADEMIC CALENDER page. The extra feature is EMAIL NOTIFICATION page where parents can email the teachers and comunicate wif them to ask any doubts on their child studies.
4)
Discuss the potential issues the company may face in implementing the new IS
(replacing the current manual systems).
This are the few potential issues that Little
Wombats may face during implementing the new Information System to upgrade his
pre-school education and child care facilities.
Planning
Without step-by-step planning, change in an organization is
likely to fall apart or cause more problems than benefits. Little Wombats need to understand exactly what changes will
take place and how those changes will occur. Little wombats also need to assign roles to individuals who
are responsible for the change so all duties are covered. The time line for the
change is also a key component. Little Wombats
need to plan for downtime or difficulties in completing regular work
tasks while the change occurs.
Lack of Consensus
If Little Wombats
fail to get everyone on board with the corporate changes, then likely to face barriers during the process.
The decision to implement changes should come from the top level of the
organization. All management level staff needs to be on board and able to deal
with the changes or you may face dissension within the staff. You may not have
everyone on board right from the beginning. Showing managers how the changes
will affect the company and the steps for implementing the changes helps get
them on board if they initially have reservations.
Communication
Failing to communicate with all employees invites rumors
and fear into the workplace, particularly if you're facing major changes, such
as downsizing or a merger. Employees want to know what's going on, whether it
is positive or negative news. The feeling of uncertainty when management
doesn't communicate disrupts work and makes employees feel as if they aren't a
part of the decision. Keep employees updated regularly about the plans and
progress toward the change implementation. Involve all employees as much as
possible through meetings or brainstorming sessions to help during the planning
phase.
Employee Resistance
In some cases, employees resist change. They become comfortable with the way the business is run. They know the expectations and their role within the company. When a major change disrupts their familiarity, some employees become upset. They don't want to relearn their jobs or change the way they do things. Supporting your employees and providing training for any new responsibilities can help ease the transition.
Conclusion
There are
many benefits that can be obtained from the business owner application of
information systems. To be able to keep compete with competitors Little Wombats
require a good and reliable management informa tion systems. With the help of technology, the
business of a company can practice for long term and earn more profitable with
lower cost.
Information system is importance in business to the global updated.
References