Assignment 1 You decide to set up a business during MCO. What are the factors you need to consider and how do you decide if it is going to be feasible? a) Choose any management model that you will use as a framework for your data collection (20 marks) - SWOT - Environment - Internal - Manpower, Machinery, Money, Methods, Material - External - Micro - Competitors, Suppliers, Substitutes, Customers, System - Macro - Political, Economic, Sociocultural, Technology, others - Marketing Ps - Systems Thinking - Porter's Value Chain - Six Sigma etc NOTE : State all assumption - ie type of business - bakery? retail clothes, shoes, cleaning supplies, etc? tuition? b) List all the information that you need to assess this venture and the sources from which you will be able to obtain the data from (20 marks) - From a) draw a table c) Find a business that you feel is the most comparable or parallel to your vision and list all similarities as well as differences (20 marks) - Draw a table and list the criteria for which you can compare then list the both similarities and differences (You may also list the similarities and differences first then categories the criteria based on that list) - Your final step will be to add a column for remark - comment on how you think your vision vs the similar business will be realistic d) Draw out a process flow for the Information System that you need for your new business ( 20 marks) - Use any form of format, shapes, etc - List each step, all the data and information you need as well as the outcome - You can use a table, or data flow diagram (if you are familiar) - Marking will not include the format of the answer given - You may also write out the full description but highlight the Input, Output, Process and Entity (person/company/department/etc) Assignment 1 You decide to set up a business during MCO. What are the factors you need to consider and how do you decide if it is going to be feasible? a) Choose any management model that you will use as a framework for your data collection (20 marks) - SWOT - Environment - Internal - Manpower, Machinery, Money, Methods, Material - External - Micro - Competitors, Suppliers, Substitutes, Customers, System - Macro - Political, Economic, Sociocultural, Technology, others - Marketing Ps - Systems Thinking - Porter's Value Chain - Six Sigma etc NOTE : State all assumption - ie type of business - bakery? retail clothes, shoes, cleaning supplies, etc? tuition? b) List all the information that you need to assess this venture and the sources from which you will be able to obtain the data from (20 marks) - From a) draw a table c) Find a business that you feel is the most comparable or parallel to your vision and list all similarities as well as differences (20 marks) - Draw a table and list the criteria for which you can compare then list the both similarities and differences (You may also list the similarities and differences first then categories the criteria based on that list) - Your final step will be to add a column for remark - comment on how you think your vision vs the similar business will be realistic d) Draw out a process flow for the Information System that you need for your new business ( 20 marks) - Use any form of format, shapes, etc - List each step, all the data and information you need as well as the outcome - You can use a table, or data flow diagram (if you are familiar) - Marking will not include the format of the answer given - You may also write out the full description but highlight the Input, Output, Process and Entity (person/company/department/etc)