Online Mind Mapping and Brainstorming

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Section 103 Phase 1 by Mind Map: Section 103 Phase 1
0.0 stars - 0 reviews range from 0 to 5

Section 103 Phase 1

- e-shop ( low presence of e.shops in the actual industry) - since bargaining power of supplier is high because product is unique so then we can have high prices - not many organic suppliers - provide convienent stores

Varying IRs

Government regulation demanding healthcare be publicly funded.

Increased competition from more private clinics

As a new company, would be difficult financially.

Group 317 City Workforce

Adequate - Opportunities: Overrall you've done a good job at getting to the "idea generation" part of the project. However you need to take one step back, and do a thorough analysis of the opportunities and threats in your environment. Right now, you're jumping ahead to the "solution" part, before even doing a thorough analysis of the environment & potential problems/sources of opportunity that may be present. Threats: You've presented a hybrid of concerns ( internal to company) and threats, with little-to-no justification for your choices. Take the threat of " online job search services" for example. I agree with you that it is a viable threat ( eg potential canabalization of sales, rendering City Workforces services null & void, or even Work Force needing to reach critical mass with online users in order to be viable etc), however you need to go one step further and provide me with some sort of justificiation as to WHY this is a threat. Right now, other online job search services are not threata. They just exist/operate in the same market as Work Force. I see what you're trying to get at, but you need to make it clear. Also asking rhetorical questions is not a threat.

Opportunities

Threats

Group 302

Weak- Needs reasoning for your opportunities and threats. For example, how GoodFoods will be benefited by teaming up with Safeway? Is there any opportunity on improving customer experience? Overall, the opportunities and threats are relevant. However, I would like to see some threats that are more related to the case. For example, consumers may not understand the benefits of consuming organic food. How to mitigate? Educate consumers about the benefits of organic foods!

threats

opportunities

Group 301 MoveIT

Weak+ Not sure about providing storage services as a new service differentiation. It means that MoveIT enters a new market and therefore extra start-up cost (Renting warehouse, marketing events) is required. I would rather have MoveIT focus on improving their current moving service. Also, I would like to see more how would you optimize your truck team during off-season vs peak period.

Opportunities

Threats

What are the oppotunities for (threats to) your company? How do you take advantage of (mitigate) them?

305 VanRealty

Weak+ Needs better reasoning. New laws are listed as both opportunities and threats. And therefore, you need to clarify why new laws can be an opportunity and also a threat for VanRealty. Another example would be how do you take advantage of the existing customer loyalty and immigrants? It is very important for a small company like VanRealty because both will give them new customers and potentially many businesses. Your group did a good job on identifying and explaining threats and using IT to promote your business.

Threat

Oppurtunities

Group 307 - VanRealty

Weak - Needs better reasoning for the opportunities and threats. How do you mitigate the threats that there are few properties to sell or from competitors? Also, I do not see how other firms merging to dominate the market will become an opportunity for Van Realty. One big opportunity for Van Realty is the immigrants because they are a new source of customers.

Opportunities

Threats

Group 316: MoveIT

Good Your threats are really good. I really liked that you interpreted key evolvements in your industry and classified them either as opportunties or threats ( e.g. " Many moving companies have started scamming customer…."). Whilst these are great, try to provide me with some hard data (provide examples,stats etc) in the future phases and tell my WHY you believe these are valid threats. As a tip: Always try and substantiate statements with reasons and provide some rationale for why you believe these are opportunties/threats. Also,It would've been great if you had directly referenced Porter's 5 Forces in your analysis. when you've elaborated on your opportunities, a lot of the time you have spoken about the solution/ideas to capitalize on the opportunity. This is great, but beyond the scope of this task. Making this link early on however will help you out in the future phases.

Opportunities

Threats

Group 319 Work force

Adequate Opportunities: You've listed a great deal of strengths, but few opportunities. Remember a strength is something internal ( relates to the company. E.g. " Ability to do projects all over the world"). An opportunity is something external to the company(e.g. " Unemployment rates"). I do like however, how you've tried to incorporate course frameworks such as Porters 5 forces to assist in your analysis. This is what I'd ideally like to see more of in the future: integrating and using course material to assist you in your analysis. Now take it one step further: tell me WHY for example you believe " threat to entrance is low." As a tip: ALWAYS justify your observations and statements. Also, "online CRM" is an idea to an opportunity. Please review your notes on Profesor Monu's classroom discussion on idea vs. opportunity. Threats: For these threats you need to provide some reasoning and/or rationale as to why these are in fact threats, and if you like, what the ramphications might be of these threats to WorkForce. As I would like to see more rationale behind how high competition prevents you from growing revenues??? This reasoning isn't sound.

Opportunities

Theats

Group 320

Good+ Thank you for using Porters 5 Forces in your analysis! It made reviewing your work relevant,succinct,and clear. In turn your content was accuracte and your interpretation were of a high quality. Now take it one step further and tell me what the implications of these opportunities and threats may be. You've done this for some points such as " threats of sustitutes is high because...." but not for others " new entrants in the industry." Also be careful not to mix up what an idea is and what an opportunity is. "Provide convenience stores" is an idea, not an opportunity. Remember, an opportunity/threat is something external to the company and an idea/solution is something that comes about because of an existing opportunity/threat in the environment in which your company operates.

Opportunities

Threats

Group 315 - DataMed

Good+ Thank You! It was a pleasure to read your analysis. Thank you for substantiating your reasoning + rationale for each of your opportunities and threats. No just find hard, statiscial data to justify your opportunities/threats. In addition, your node that further elaborates on "baby boomer generation" is an idea and not an opportunity. Refer to class notes of the class discussion Professor Monu gave on idea vs. opportunity

Threat - Increased funding for Public healthcare

Threat: Public health sector becomes stronger- ie. shorter wait list times, more available doctors and nurses, etc.

**Opportunity - baby boomer generation getting older and may need additional healthcare on top of what is provided through the government --> have to go private

Opportunity - decreased funding for public healthcare

Threat: Public health sector becomes stronger- ie. shorter wait list times, more available doctors and nurses, etc.

Threat - Change in government regulations

Opportunity - increased private investment in the private healthcare sector.

New node

Threat- people losing benefits, have to switch to public

Group 314 - VAnalyst

Adequate - "Vanalyst can create its own niche.." This is an idea, not necessarily an opportuntity. Review notes from Professor Monu's class discussion on idea vs. opportunity "Could develop a software system" is an idea/solution, not an opportunity. It's a good idea though, even though beyond the scope of the task at hand. Overrall you've done a good job at getting to the "idea generation" part of the project. However you need to take one step back, and do a thorough analysis of the opportunities and threats in your environment. Right now, you're jumping ahead to the "solution" part, before even doing a thorough analysis of the environment & potential problems/sources of opportunity that may be present. Your threats are good, but take them one step further by telling me your reasoning/rationale as to why you believe these are in fact VALID threats to Vanalyst. How are these actual threats? Using the Porter's 5 Forces model may help you develop answers to these questions.Making that link clear will play an integral role in the success of your project.

Opportunities

Threats

Group 312 MoveIT

Adequate Threats: The first is not a threat, but rather a potential weakness ( e.g. being a smal moving company). Remember threats/opportunities = things that you observe in the current environment. They are "outside" of the company. Strengths/Weaknessess are "inside" the company. Opportunities: substantiate with data your observation that new apartments + houses are being built in the current environment and economic climate that MoveIT operates in. Under threats, you just stated two contradicting "if" scenarios ( one where real estate prices are high, thus surmizing that there would be an increased demand for movers the and one in which the economy goes down, thereby surmizing that there would be a decline in the demand for movers). This is a little confusing. Do not present "what-if" scenario's but rather what you beleive ( based on facts) are trends in this environment. "Being a small company….making decisions quickly…" = This is not an opportunity but rather a potential strength/weakness I like how you've used a Porter's Five Forces component( namely supplier power) to analyze opportunities. This is GREAT!!!This is what you should be doing when analyzing threats. Integrate models taught in class to help you do your analysis for this project. You will find the quality of your output increasing considerably! Thanks for going one step further with a Mitigation component. Your first problem is more of setting up an Business Strategy, rather than an "outside" threat however. But this is a good start. For the project you may want to define your Business Strategy, and from there see how to develop and IS Strategy( the role you want IT to play in the org/the role you want it to fulfill) and IT Strategy( the actual technology you will chose to implement) that aligns with your Business Strategy.

Threats

Opportunities

Mitigation

Group 308 - Good Food

Adequate- Your group did a good job on identifying opportunities and threats. However, I would like to see how you would mitigate those threats. Also, I would not recommend Good Food to grow organic food by themselves because the start-up cost (Purchasing farmland, ensuring quality) is probably high. I would rather invest money in educating young consumers on benefits of having organic food in order to source new potential customers.

Opportunities

Threats

Group 309 - MoveIT

Weak Apart from stating opportunities and threats,explanation is needed. For example, why the rising gas prices and carbon taxes will become a threat to MoveIT and how would you mitigate it? Or why expand geograhic reach is an opportunity for MoveIT? Overall, most opportunities and threats make sense.

Threat: Rising gas prices & carbon taxes

Opportunity: Located in immigrant city - high demand for movers

Opportunity - Lots of universities with residences in the city, high demand

Opportunity: Expand geographic reach

strategy

Threats: Existing well established companies ie) UHaul

Opportunity: Just renting out truck & not providing full service

Opportunity: Implement an MIS system that will improve scheduling and increase efficiency

Opportunity: Price discrimination based on the time of year (ie: back to school = more expensive!)

Threat: Insurance costs for new vehicles and drivers (restricts expansion)

Group 310

Good- Your group did a very good job on identifying and explaining opportunites and threats. Another threat is that how you can find customers when the unemployment rate is low. It can be another threat to City Workforce.

Opportunities:

Threats:

Van Realty 303

Adequate Overall, your group did a good job on identifying opportunities and threats. However, I would like to see you to identify more opportunities on reducing costs and improving customer service. Building a close relationship with customers (as mentioned in company description sheet) will help a small company like VanRealty.

Opportunities

Threats

Group 306- City Workforce

Weak+ I am not sure if workers have a higher chance get hired because there should be less job vacanies during an economic recession. However, I like the idea on how you take advantage of this opportunity and the analysis of having this system. The threat makes sense. However, I would want to see how you mitigate it and there should be more threats in City Workforce.

Opportunities

Strenghts

Weakness

Threats

New node

Group 318: Data Med

Adequate Opportunities: You've presented some good opportunities, but intermixed them with ideas ( e.g. "potential for global expansion…" , "Price discrimination....", "if more efficient..." All of these are ideas to the opportunity of "Inc. Gov Support for private clinics..." Remeber, threats and opportunities are environomental factors existing outside the company. Threats: None provided. Please take the time to do this analysis as it will be useful in the next phases of the project

Threats

Opportunities

Group 11: Good Foods

Adequate "Standard of Living Improving" - provide hard data to back up this "statistical" trend that you have discovered. Also be more specific? For whom has the standard of living improved? All Canadians or the middle-to-upper class? Depending on this data, show if there is in fact an alignment or relevance - e.g. Is Good Foods targetting the same customer group as those that have seen a rise in their standards of living. As you see, it is imperative to make the link clear as to why you think an observed trend of "improving standards of living" is in fact an opportunity for Good Foods Canada. Refer to class discussion notes and comments Professor Monu made on idea vs. opportunity. "Higher switching costs"- please provide some reasoning for this and show how it is relevant and adequate threat. Why would there be a high switching cost? Why are customers currently loyal to exisiting local organic food stores? Do these stores have better integrated internal processes? Have they leveraged information technology better than most stores? A useful tip: try and always integrate classroom learnings and keep the context of the course in mind when doing analysis such as this. Also be weary of making an unsubstantiated statement. Overall Remarks: I like how you've identified some key trends and opportunities within the industry and substantiated why you believe these trends are relevant to Good Foods. Where you've substantiated your arguments, you've done a great job! For your threats, try to do the same and go just that extra step. Good Job overall.

Opportunities

Threats

New node

Group 304 Vanalyst

Adequate - Barriers to entry in this industry should be high, instead of limited. I would also like to see more explanation on how creating close relationships with customers will benefit Vanalyst and how you will mitigate the threats.

Opportunities

Threats