IIUMEdit by bidayatun najihah https://padlet.com/najihahbukhaari33/IIUMEdit INFO 1302 (Section 4) | Group 3 | Online blog reporting en-us 2022-02-01 10:39:35 UTC 2024-03-25 02:41:41 UTC hello@padlet.com https://padlet.net/icons/png/1f47e.png Question 1 najihahbukhaari33 https://padlet.com/najihahbukhaari33/IIUMEdit/wish/2446114200 Our group chooses to start a service business venture. The service we provide is Photo editing software that includes tutoring for beginners and students who need guidance. We also give exclusive designs for those who subscribe to our service. the idea of starting this business comes after one of our groupmate could not afford to subscribe to photo editing.]]> 2023-01-16 22:53:15 UTC https://padlet.com/najihahbukhaari33/IIUMEdit/wish/2446114200 Question 2 najihahbukhaari33 https://padlet.com/najihahbukhaari33/IIUMEdit/wish/2446114550
  • Short term goal: introduce the software to iium student 
  • Intermediate-term goal: do a collaboration with other businesses to obtain license certification
  • Long term goal: make our software well-known globally for professional designing tools

    • ]]>     2023-01-16 22:54:09 UTC https://padlet.com/najihahbukhaari33/IIUMEdit/wish/2446114550     Question 3 najihahbukhaari33 https://padlet.com/najihahbukhaari33/IIUMEdit/wish/2446115217 2023-01-16 22:56:08 UTC https://padlet.com/najihahbukhaari33/IIUMEdit/wish/2446115217 Question 4 najihahbukhaari33 https://padlet.com/najihahbukhaari33/IIUMEdit/wish/2446115496
  • In terms of service operations, our photo editing software offer customer support and technical assistance to our clients that pay for subscription, which can be considered a service operation within the supply chain. 
  • In terms of goods production, the development and manufacturing of the photo editing software itself can be considered a part of the goods production process within the supply chain.

    • ]]>     2023-01-16 22:56:58 UTC https://padlet.com/najihahbukhaari33/IIUMEdit/wish/2446115496     Question 5 najihahbukhaari33 https://padlet.com/najihahbukhaari33/IIUMEdit/wish/2446115622 Some factors that would determine our marketing strategy include the target market for the software (individuals and organizations in need), the competition in the market (other open-source and proprietary photo editing software options), and the unique value proposition of our product (free and accessible alternative to expensive options).]]> 2023-01-16 22:57:19 UTC https://padlet.com/najihahbukhaari33/IIUMEdit/wish/2446115622 Question 6 najihahbukhaari33 https://padlet.com/najihahbukhaari33/IIUMEdit/wish/2446116255 Our marketing plan would include the following: 

    Market Segment: Our target market would be individuals and organizations in need, such as low-income individuals, nonprofit organizations, and educational institutions. We believe that these segments would benefit the most from a free and accessible photo editing software option. 

    Marketing Mix (Four Ps): 
    • Product: Our product is the open-source photo editing software, which offers a free and accessible alternative to expensive options. 
    • Price: Our pricing strategy would be to offer the software for free, with the option for users to make donations to support the development and maintenance of the software. 
    • Place: The software would be available for download on our website, as well as popular app stores and marketplaces. 
    • Promotion: We would promote the software through online marketing campaigns, community outreach, and partnerships with relevant organizations and institutions. 
    ]]>     2023-01-16 22:59:01 UTC https://padlet.com/najihahbukhaari33/IIUMEdit/wish/2446116255     Question 7 najihahbukhaari33 https://padlet.com/najihahbukhaari33/IIUMEdit/wish/2446116461 Our human resource planning for our new business venture would involve offering competitive compensation packages for all positions, as well as providing benefits such as health insurance and retirement plans. We would also offer incentives for employees who contribute to the success of the business, such as bonuses and equity in the company. ]]> 2023-01-16 22:59:35 UTC https://padlet.com/najihahbukhaari33/IIUMEdit/wish/2446116461 Question 8 najihahbukhaari33 https://padlet.com/najihahbukhaari33/IIUMEdit/wish/2446116608 Expert power, referent power, and legitimate power are the forms of power that our company venture's leaders would value most. In order to properly guide and lead the team, our executives would need to have competence in the areas of software development and photo editing. Referent power is crucial because for our leaders to be successful, they must gain the team's respect and trust. Because our executives would need to have the power to decide and act on behalf of the company, legitimate power is crucial.]]> 2023-01-16 22:59:56 UTC https://padlet.com/najihahbukhaari33/IIUMEdit/wish/2446116608 Question 9 najihahbukhaari33 https://padlet.com/najihahbukhaari33/IIUMEdit/wish/2446116941 We would use both internal and external resources to finance our business enterprise. Internally, we would use our own cash and might ask friends and family for investments. We would look for investment externally from venture capital companies and other investors that are enthusiastic about our business plan and objective. This decision was made in order to benefit from the resources and assistance that both internal and external sources can offer.]]> 2023-01-16 23:00:37 UTC https://padlet.com/najihahbukhaari33/IIUMEdit/wish/2446116941 Question 10 najihahbukhaari33 https://padlet.com/najihahbukhaari33/IIUMEdit/wish/2446118016 Ammar - One lesson we have learned from this project is the importance of having a clear and well-defined business model and strategy. It is crucial to have a clear understanding of the product or service being offered, the target market, and the unique value proposition in order to attract investors and customers. Additionally, having a strong and dedicated team is essential for the success of any business venture

    Aizuddin - what I get from this group project activity is That you need to analyze, find the problem and come out with a solution for any kind of businesses. To make sure any business to run well, it is encourage for them to plan out the business, do market research, take good examples from the expert or competeter as well as take opportunities in business.

    Najihah - what I get from this group project activity is the importance of communication between group members. It is good to hear different perspectives from others and try to accept it. This show how we can tolerate with the idea of give-and-take between members.

    Aisar - what I get from this group project activity is you need to learn and get knowledge by doing researches for your project. It is important as knowledge sharpens our skills like reasoning and problem-solving. A strong base of knowledge helps brains function more smoothly and effectively. We become smarter with the power of knowledge and solve problems more easily.]]>     2023-01-16 23:03:10 UTC https://padlet.com/najihahbukhaari33/IIUMEdit/wish/2446118016     najihahbukhaari33 https://padlet.com/najihahbukhaari33/IIUMEdit/wish/2446119638 2023-01-16 23:06:52 UTC https://padlet.com/najihahbukhaari33/IIUMEdit/wish/2446119638 najihahbukhaari33 https://padlet.com/najihahbukhaari33/IIUMEdit/wish/2446119763 2023-01-16 23:07:18 UTC https://padlet.com/najihahbukhaari33/IIUMEdit/wish/2446119763 Project title najihahbukhaari33 https://padlet.com/najihahbukhaari33/IIUMEdit/wish/2446120153 Photo Editing Software - IIUMEdit]]> 2023-01-16 23:08:18 UTC https://padlet.com/najihahbukhaari33/IIUMEdit/wish/2446120153 Member 1 najihahbukhaari33 https://padlet.com/najihahbukhaari33/IIUMEdit/wish/2446120882 Bidayatun Najihah Binti Bukhaari 
    2216798]]>     2023-01-16 23:10:36 UTC https://padlet.com/najihahbukhaari33/IIUMEdit/wish/2446120882     Member 2 najihahbukhaari33 https://padlet.com/najihahbukhaari33/IIUMEdit/wish/2446121699 Aisar Nasrun Bin Ramjee
    2216791]]>     2023-01-16 23:12:54 UTC https://padlet.com/najihahbukhaari33/IIUMEdit/wish/2446121699     Member 3 najihahbukhaari33 https://padlet.com/najihahbukhaari33/IIUMEdit/wish/2446122577 Aizuddin Ishqal Bin Abdullah
    2216207

    ]]>     2023-01-16 23:15:30 UTC https://padlet.com/najihahbukhaari33/IIUMEdit/wish/2446122577     Member 4 najihahbukhaari33 https://padlet.com/najihahbukhaari33/IIUMEdit/wish/2446123061 Ammar Qasiem Footen bin john Anthony Footen
    2217441

    ]]>     2023-01-16 23:16:26 UTC https://padlet.com/najihahbukhaari33/IIUMEdit/wish/2446123061     US! najihahbukhaari33 https://padlet.com/najihahbukhaari33/IIUMEdit/wish/2446124004 2023-01-16 23:19:11 UTC https://padlet.com/najihahbukhaari33/IIUMEdit/wish/2446124004 najihahbukhaari33 https://padlet.com/najihahbukhaari33/IIUMEdit/wish/2446124312 https://docs.google.com/document/d/1VasF31tVo47OkMMFMHz6ynP-smX842J_oeEm4dtrnF0/edit]]> 2023-01-16 23:20:11 UTC https://padlet.com/najihahbukhaari33/IIUMEdit/wish/2446124312 Web crash 😿 najihahbukhaari33 https://padlet.com/najihahbukhaari33/IIUMEdit/wish/2446131681 We actually have done the blog in Canva, but it cannot be published and we don't know why it happens. So, feel free to visit it! ]]> 2023-01-16 23:38:59 UTC https://padlet.com/najihahbukhaari33/IIUMEdit/wish/2446131681