Innovation and Sustainable Development for Virtual Opal Card with NFC Technology

This presentation discusses the innovation of a mobile application based virtual opal card with NFC technology, its benefits, interdependencies, recommended strategic options, stakeholder identification, and funding.

VA A DINNO TION N
S S A AU T IN BLE
D V ME ELOP ENT
ame of the studentN
ame of the niversityN U

R MP OBLE
 n order to lead a fast paced life most people forget to carryI ,
the physical opal card.
 ft en the card is stolenO .
 osing of the card is seen largely DuL ( , 2013).

AC R DB KG OUN
 eople of the city prefer making payment over mobileP
application.
 he use of mobile application is on the rise since it givesT
the hassle free opportunity of payment.
 he C technology is also being used rapidly makingT NF
the communication easier between two devices llison(E
et al., 2017).

V D C R ME I EN E OF P OBLE
 he most common problem is seen as most of theT
people often do not carry any other means like cash
assuming that they will make the payment using opal
card llison et al(E ., 2017)

SCOPE OF THE
VAINNO TION
 here is no mobile application that serves as an alternateT
to the physical opal card.

VAINNO TION
 Mobile application based virtual opal card with CNF
technology.

SBENEFIT
 he scope of losing the physical card will be minimizedT .
 hreat of card theft will be lessT .
 ess ti me will be consumedL .

SBENEFIT TO BE
D V R DELI E E
 he social benefit by mitigating the consequences likeT
harassment caused due to the absence of the physical
opal card.
 he environment benefit will be by minimizing the use ofT
paper fi bre and plastic that causes environmental pollution, .
 he economic benefit will be significant as it will createT
more employment ouchard(B , 2013).

SBENEFIT TO
V R MGO E N ENT
 More employment opportunities will be created
ouchard(B , 2013).
 Another scope of ta generation will be createdx .
 overnment mission of saving the environment will beG
further integrated.

RD D C SINTE EPEN EN IE
 he innovation will depend on the fi nancial resourcesT ,
the e pertise of the innovators and designers andx
appropriate marketing of the product De Medeiros( ,
Ribeiro Cortimiglia& , 2014).

S RA C R S ST TEGI E PON E
 Appropriate strategy formulation in a ti mely manner will
be required for successful product development
brien(O' , 2015).

R C MM D DE O EN E
S RA CT TEGI OPTION
 he higher level of management needs to seekT
government assistance for funding and successful
development of the process.
 or the purpose of funding fi nancial funding or assistanceF ,
can be acquired other companies in the same industry.

S A D RT KEHOL E
D CAI ENTIFI TION
 eople of SydneyP .
 overnment of AustraliaG .
 he job aspirants of the country ourneT (B , 2016).

R C MM D DE O EN E
SOLUTION
 More initiative can be taken in order to assure that the
innovation consumes a minimum energy.
 More focus should be given on the structure and design
of the application.
 he C technology must be incorporated in theT NF
application appropriately .

C MM RC A A D A C AO E I L N FIN N I L
R C MM DAE O EN TION
 he price range or the subscription price of theT
application can be reduced.
 ree subscription of or months can be givenF 2 3 .

DFUN ING
 internal capital sources.
 ank loans and fi nancial assistance from otherB
companies

M SSTI ELINE
 very months with a rate of growthE 6 5% .

R R C SEFE EN E
llison R llison A reaves S Sampaio lectronic ti cketing systems asE , . B., E , . B., G , . P., & , B. (2017). E
a mechanism for travel behaviour change vidence from Sydney s pal? E ’ O
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ouchard M d B , . J. (E .). (2013). nnovation and the social economy he ue ec experienceI : T Q b .
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ausman A ohnston he role of innovation in driving the economy essonsH , ., & J , W. J. (2014). T : L
from the global fi nancial crisis . ournal of usiness esearchJ B R , 67(1), 2720-2726.
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Management, 1-3.

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R R C SEFE EN E
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udymenko Sousa psell S ctober A simple andG , I., , F., & Kö , . (2014, O ).
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