Table of Contents INTRODUCTION.......................................................................................................................................3 MAIN BODY..............................................................................................................................................3 TASK 1.......................................................................................................................................................3 a. Overview of phone market in UK.....................................................................................................3 b. Bar chart of four main activities......................................................................................................3 TASK 2.......................................................................................................................................................4 Forecasting the UK Adult Smartphone use .........................................................................................4 TASK 3.......................................................................................................................................................5 Features making mobile and smartphones popular among old age customers..................................5 TASK 4.......................................................................................................................................................6 TASK 5.......................................................................................................................................................6 a. Costs of a New Building...................................................................................................................6 b. Eight logos of well-known commercial mortgage lenders in the UK...............................................8 TASK 6.......................................................................................................................................................9 Testing Possible Difference in Net Takings in Two Shops....................................................................9 TASK 7.......................................................................................................................................................9 TASK 8.....................................................................................................................................................11 Quality Procedures............................................................................................................................11 TASK 9.....................................................................................................................................................11 REFERENCES...........................................................................................................................................11 TASK 10...................................................................................................................................................13 CONCLUSION..........................................................................................................................................13
INTRODUCTION Smartphone usage has increased with time in almost every part of world. People either working under employment terms or not working make use of mobile and smartphones. Some of the people working in business organisation make use ofmobile phones for business work such as email, voice calls, messages etc.Also,increase in usage of phones in both the younger age group as well as old age person. The present report is based on Eco Fone Smartphones Companyas engaged in the business of smartphones and its related accessories. It deals in business of selling smartphones, mobile accessories. It operates its business of selling from two shops one in Putney and other one is in Richmond. Eco-Fone Company currently doesn’t sell laptops or tablets. The report will define increase in use of smartphone in the UK among its people. Also it will discuss about various trends among customers. MAIN BODY TASK 1 a. Overview of phone market in UK. As per workforce of UK, out of 33.5 million people about 32 million people are working in some business firm or employed in some work. Out of currently employed workforce, about half of the people are making use of their phones for the office as well as business related work. In most of the offices smartphones are used by people for at least one of the business or office related activity. As per the defined common usage of smartphones by the workforce in their business related work, 44% people make use of it for email purpose. 34% uses it for voice calling purpose and 23% finds it suitable for use in their calendar management activity (Deloitte. co,2019). Also, some applications are there in the smartphones which are difficult when comes to operate. Therefore, most of the people likes to make low use of it as such mobile applications such as legacy information and reporting systems etc. are difficult to use. Some business enterprises also make use of unofficial smartphone applications for conducting business activity. By using such unofficial application of smartphones these business enterprises easily communicates within their business premises. These unofficial applications include instant messaging app, browsers, photo application, navigation etc. It has been determined that around 43% of workers make use of WhatsApp in their smartphones at least once in a day for leisure purpose.17% people use it for viewing document as well. b. Bar chart of four main activities.
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Interpretation–As per above mentioned table it can be concluded that in the year 2016, the usage of smartphone inwork & business activitieshas decreased in the year 2017. This can be because of use of unofficial smartphone applications in the business enterprises for communication purpose.41% uses for email in 2016 which has decrease to 37% in 2017. Likewise there has been decline in standards and voice call from 33% to 32%, calendar management and document viewing has been decreased also to 0%. TASK 2 Forecasting the UK Adult Smartphone use . Penetration rate
Interpretation– It can be assessed that there has been a drastic change in the penetration rate from the year 2012 till the year 2019. In 2012 the penetration rate was 52% which has increased to 100% in the year 2019. As per the forecasting made it can be said thatmaking use of smartphonehas increased as the time period increases. It has become common among both the younger age group as well as old age customer group. Also many business organisations are making use of it for their official and business work. Linear forecast can be made properly as it doesn't give clear understanding of data by the line graph. Time series model used for analysing data related to smartphone users is increasing day by day. Thus, this model provides accurate statistics about expected rate for the year 2018 and 2019. TASK 3 Features making mobile and smartphones popular among old age customers. It has been observed that usage of smartphone has increased in both the young age group as well as old age group. Most of old age group people are prefer using smartphones because of its newly and attractive features, usages and application systems. Some of the features which has attracted large number of customer for buying these smartphone at alarming rate are as follows: 1.It helps old age people in getting medical assistance on one touch. Because of large number of medical as well as health related application, old age group can seeks benefit from it at one place without need to going at other place (Van Deursen and et.al., 2015). 201220132014201520162017 0% 10% 20% 30% 40% 50% 60% 70% 80% 90%f(x ) =0.0651428571x +0.482 201220132014201520162017 0% 10% 20% 30% 40% 50% 60% 70% 80% 90%f(x ) =0.0651428571x +0.482 P e n e tra ti o n R a te s L in e a r (P e n e tra ti o n R a te s )
2.Because of big screen and large keypad, smartphones provides clear and proper vision to old people which they can make use of without need to wear their spectacles. 3.Also, smartphones comes up with better communication and connectivity application which help them in getting connect with their family members far away at just one click. TASK 4 Should we expand our business to Kingston? ProsScore/10ConsScore/10 Wireless charging7Heating2 Web browser8Processor6 GPS Tool4Slow charging7 Batter life8Memory5 Sensitive Touch pad4Costly3 HD Camera8Screen Size4 Face Lock5Single slot2 Total Pros44Total Cons29 Average Pros6.28Average Cons4.14 Interpretation–As company is conducting its business operations in two shops in the Borough of Richmond on currently basis.One shop is in Putney and other one is in Richmond. As the business is currently operating in 2 places it has never operated across the border in Kingston which is a great market exposure for this business.The company should expand its business operations in Kingston as the products are having different as well as attractive features which can help company in gaining competitive advantage (Montag and et.al., 2015). Also, its product are having differentiated features as compared to competitor products in the same marketplace. So it is beneficial and will be profitable for the company to go with the expansion business plan. TASK 5 a. Costs of a New Building
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Interpretation– It can be calculated that cost on the monthly basis of 15 -year repayment mortgage calculated is £350,000. Also, the interest which is applied to the loan outstanding in each year beginning. Thus, mortgage rate is 7% per annum having negotiation amount £350,000 and the asking price £400,000. Thus the Repayment amount on monthly basis is £38419.32/12 with discounting factor of1.76/0.19. The amount of loan determined is£38419.32 and repayment amount on monthly basis will be £3201.61. From such calculation it can be interpreted that the mortgage rate have impact on the repayment amount as given back to the lender. Debt will be provided to customer after making deduction of discounting amount from the rate of mortgage which will affect the overall cost of the building in the future thus making the lender responsible to pay £3201.61 on the monthly basis.
b. Eight logos of well-known commercial mortgage lenders in the UK.
TASK 6 Testing Possible Difference in Net Takings in Two Shops Interpretation –From the above table it can be concluded that by conducting test for assessing possible difference in Net Takings of two shops Z score assessment calculated is 0.5 with Standard deviation (one shop) as 20 in Table 1. In table 2, Z score assessment calculated is 0.25 with Standard deviation of two shop as 40. Thus, it can be said that Null hypothesis is accepted. TASK 7 Customer Satisfactions
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Interpretation– It can be concluded from the above that by having another business shop in Kingston, company can achieve large market share as well as can also increase its business value. As the companyEco-Foneeach year regularly processed for customer questionnaires in the form of hard-copy forms filled out by them both in the shops. Also by email attachments it has been able to achieve customer feedback related to its business product and services. By expanding business operation in the new marketplace, it will help company in gaining competitive advantages and can also increase its customer base (Kee and et.al., 2016). This will further help company in making progress and growth over short time frame making its business performance much better. It can promotes its products and services in the new marketplace by formulating better business strategies as well as plans and thus can increases its productivity and sales margin .
TASK 8 Quality Procedures Interpretation–The accounts department at Eco-Fone Company sends out about 10,000 invoices a month with the average number of two return because of error made per month. This can be related to low quality assurance procedures which requires to be improved with time for making performance much better and profitable as well (Andone and et.al., 2016). With the help of poisson distribution it can be determine which factors need to be consider. Mean rate of success calculated is 15 with Poisson random variable as 2. Poisson distribution is the considered as one of the most appropriate method to determine probability that more than three invoices will be return in month required to be less than fifteen per cent. It is advisable for company to met the quality procedure for making large market share as well as customer base. TASK 9 REFERENCES Books and Journals Andone, I. and et.al., 2016, September. How age and gender affect smartphone usage. InProceedingsofthe2016ACMinternationaljointconferenceonpervasiveand ubiquitous computing: adjunct(pp. 9-12). ACM. Andrews, S. and et.al., 2015. Beyond self-report: tools to compare estimated and real-world smartphone use.PloS one.10(10). p.e0139004. Andrews, S. and et.al., 2015. Beyond self-report: tools to compare estimated and real-world smartphone use.PloS one.10(10). p.e0139004.
Kee, I. K. and et.al., 2016. The presence of altered craniocervical posture and mobility in smartphone-addicted teenagers with temporomandibular disorders.Journal of physical therapy science.28(2). pp.339-346. Ko, M. and et.al., 2015, February. NUGU: a group-based intervention app for improving self- regulation of limiting smartphone use. InProceedings of the 18th ACM conference on computer supported cooperative work & social computing(pp. 1235-1245). ACM. Montag, C. and et.al., 2015. Smartphone usage in the 21st century: who is active on WhatsApp?.BMC research notes.8(1). p.331. Parasuraman, S. and et.al., 2017. Smartphone usage and increased risk of mobile phone addiction: A concurrent study.International journal of pharmaceutical investigation.7(3). p.125. Pinder, C. and et.al., 2019, April. Push Away the Smartphone: Investigating Methods to Counter Problematic Smartphone Use. InExtended Abstracts of the 2019 CHI Conference on Human Factors in Computing Systems(p. LBW0254). ACM. Pinder, C. and et.al., 2019, April. Push Away the Smartphone: Investigating Methods to Counter Problematic Smartphone Use. InExtended Abstracts of the 2019 CHI Conference on Human Factors in Computing Systems(p. LBW0254). ACM. Saidon, J. and et.al., 2016. Exploring the Attributes of Pathological Smartphone Use (PSU). InRegional Conference on Science, Technology and Social Sciences (RCSTSS 2014)(pp. 215-223). Springer, Singapore. van Berkel, N. and et.al., 2016, May. A systematic assessment of smartphone usage gaps. InProceedings of the 2016 CHI Conference on Human Factors in Computing Systems(pp. 4711-4721). ACM. Van Deursen, A. J. and et.al., 2015. Modeling habitual and addictive smartphone behavior: The role of smartphone usage types, emotional intelligence, social stress, self-regulation, age, and gender.Computers in human behaviour.45.pp.411-420. Online Deloitte.co.2019.[Online].Availablethrough:< https://www.deloitte.co.uk/mobileuk2017/assets/img/download/global-mobile-consumer- survey-2017_uk-cut.pdf>.
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Smartphonessalesboomover55s.2017.[Online].Availablethrough:< https://www.bbc.com/news/technology-41319684>. TASK 10 CONCLUSION From the above report it can be concluded that Smartphone usage has increased over the time period in every part of world and especially in the UK. People working in business enterprises are using it for their office as well as business work and its related business activities in form of email, voice call, standard calls, messages, browsers etc. Also it has been observed that most of the business enterprises are using some unofficial business related applications in smartphones for their business work. The report has defined that by expanding business operations in Kingston it will be able to capture large market share and customer base as well.