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All about Mobile Commerce | Study

   

Added on  2022-08-16

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Running head: MOBILE COMMERCE
Mobile Commerce
(Work Proposal)
Name of the student:
Name of the university:
Author Note
All about Mobile Commerce | Study_1
MOBILE COMMERCE
1
Table of Contents
Background of the study:.......................................................................................................................2
Business analysis plan:..........................................................................................................................2
Approach towards the current solution:.................................................................................................4
Conducting of literature review:........................................................................................................4
Software and Hardware specifications required:...............................................................................4
Foreseeable potential risks:....................................................................................................................5
Technical risk:...................................................................................................................................5
Management risks:.............................................................................................................................5
External risks:....................................................................................................................................5
Project timeline:.....................................................................................................................................6
Conclusion:..........................................................................................................................................10
References:..........................................................................................................................................11
All about Mobile Commerce | Study_2
MOBILE COMMERCE
2
Task 1:
Things to be explored in Task 1:
The following proposal briefs the intended deliverables and various approaches towards the
solution.
It evaluates the deliverables expected, the steps towards that solution and potential timeline
and risks.
Here, a business analysis plan is developed and foreseeable potential risks are demonstrated.
Lastly, the timeline and the work breakdown are also analyzed in this study.
Background of the study:
M-commerce entails transactions of e-commerce performed with mobile system. Hence, it is
usage of cell-phones for conducting all kinds of transactions for business. For this, it takes help of
WAP technology and e-commerce background. The present study intends to provide the exposure
towards the techniques, principle tools and concepts under the umbrella of M-Commerce and its
application. It also aims to suggest the effective mobile solution for any business along with
functional requirements.
Business analysis plan:
The M-Commerce innovation has been indicating the effective purchasing along with selling
of different type of products and has been providing services through Internet. For the organization
and companies to stay successful under the M-Commerce field, they require to investigate some
latest innovative strategies. Here, they require latest the latest business models for delivering
services to the customers. Further, the customers are able to buy products and retrieve data regarding
those products. As far as the quick growth of m-commerce is concerned, this might be the huge
All about Mobile Commerce | Study_3
MOBILE COMMERCE
3
organizations that can gain advantages till 31 billion dollars after a duration of 5 years. Maximum of
e-commerce websites such as Amazon consists of limited success under the area of e-commerce
(Liébana-Cabanillas, Marinković and Kalinić 2017). Nonetheless, at this place the important aspect
that they have in common has been the fact M-commerce is significant method to develop brands
enhance products and sales and deliver better services. Thus the primary element of M-Commerce is
seen to be brighter than that of e-commerce. Apart from this it must also be reminded that there are
various problems with the business models of M-Commerce. The common problems includes the
limited storage devices, large speed Internet, limited resources and small screen. Here, the problems
are common and is an important challenge for organizations having wireless communication taking
place between vendors and customers. For this, an important activity for the business is the method
of providing the service. Regarding the business idea the term Customer Relation Management of
CRM permits the business for managing vendors and customer organization (Blaise, Halloran and
Muchnick 2018). Further, for M-Commerce there is necessity for Online connection of high speed.
Nonetheless, it is hectic for the users to access into the total product service. It is beyond doubt that
M-Commerce can be regarded as the necessity of few particular sector such Check account
information, balance check and Bank transaction and many more can witness problems at any point
of time. Similar to the problems with connectivity, restricted resources and many more, every
organization consist of its individual challenge. The M-Commerce is a developing area and huge
amount of investments are there in that area that can prove to be challenging. This is because the
technology gets enhanced every day. Apart from that, there are lesser amount of security under the
wireless network such that chances of hacking is more during data transfer (Kalinic and Marinkovic
2016
All about Mobile Commerce | Study_4

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