Xerofone: Innovation Strategies and Business Model
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This report discusses the innovation strategies and business model of Xerofone, a start-up firm that has developed an application to disable certain smartphone technologies. It includes a SWOT and Pestle analysis, as well as recommendations for future growth.
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Table of Contents Introduction......................................................................................................................................4 Background & Context................................................................................................................4 Analysis........................................................................................................................................5 Pestle Analysis.............................................................................................................................5 Swot analysis...............................................................................................................................6 Summary......................................................................................................................................6 Current innovation strategies.......................................................................................................7 Current business model................................................................................................................8 Business model innovation........................................................................................................10 Research analysis & recommendation.......................................................................................12 Scotland First.............................................................................................................................13 Open innovation & culture.........................................................................................................14 Sustainability..............................................................................................................................14 Digital strategies........................................................................................................................14 Recommendations Summary.....................................................................................................15 Alterations to BMC post-recommendations..............................................................................16 Appendix 1.....................................................................................................................................17 Pestle Analysis...........................................................................................................................17 Appendix 2.....................................................................................................................................18 SWOT Analyis...........................................................................................................................18 References......................................................................................................................................19 Minutes of meeting....................................................................................................................21 2
Introduction The application and equipments that are being developed through the usage of scientific knowledge is referred to as technology. This aspect of market is evolving continuously and people are addicted to usage of smart devices. It enables to remain active with respect to world around them(Doulgeroglou, 2015). Digitalisation has provided a new perspective into the things which yields both affirmative and pessimistic impact on the one who is making its use and people surrounding them. Smartphone applications are software which are designed for running on either phone or watch. They are developed to provide the basic features to users such as calendar, database, email and many others with an aim to furnish a simple way to carry out their activities. This report is based on Xerofone, which is a start-up firm who have developed an application which can be used within iOS as well as Android devices. This report comprises of background of the concept, analysis in context of SWOT and Pestle along with this innovation strategiesandbusinessmodelhasbeenillustratedinthis.Furthermore,businessmodel innovation is provided along with distinct digital strategies which are being used by firm for bringing in their product within the market. Background & Context People are addicted to smartphones which hampers their performance in schools or their working area. If they are being used for gaining knowledge then it is obvious that they can render their responsibilities in an affirmative manner but in case if this is not so then there will be pessimistic impact. It can be understood by taking an example like the research was carried out in 2016 by different individuals and it was found that there was around 6.4% enhancement within test scores. This implies 5 extra days in school. The other instance can be taken with respect to usage of phones, survey was carried out by Office of National Statistics United 3
Kingdom and it was observed that on an average employee makes use of smartphone for 1 hour within working hours which means 5 hrs per week. On the basis of average industrial wage it will cost near about £2,802.00 per each employee per year which is a huge amount and leads to huge financial loss. For addressing such kind of issues Xerofone has built in their own application in which company, school or parents can block different aspects within smartphones of individuals by making use of 3G or 4G connections. Analysis From background it is clear that, the application developed by Xerophone will lead to productivity of individuals either it is in context of students or employees. But the major aspect is privacy of devices or content present on them. There exist distinct factors which creates an impact on the ways in which application works(Green, 2019). With respect to this, analysis has been provided below: Pestle Analysis As Xerophone is opting to bring in their application within market of UK and Irish, they need to take into account different factors which can impact their software. These elements are illustrated below: Political factors:In context of software, it comprises of importance as well as political stability within economy of country, intellectual property rights and favoured trading partners which are opted by Xerofone. Brexit might create a impact on this along with this industrial safety regulations have to be followed. Economical factors:This involves intervention of government within the ways in which softwareisdeliveredinmarketbyXerofone,infrastructurequalitywithinapplications, comparative edge within host and technological sector within Irish and UK. Along with this, skills possessed by individuals within software industry have to be considered by organisation (YANG and ZHU, 2012). Social factors:Here, skill levels of population have to be acknowledged so that they understand the reason behind launch of application. Basically, it implies the ways in which society will react with respect to application brought in by Xerofone. Here, skills as well as demographics will also be taken into account by organisation. 4
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Technological factors:This is one of the fastest disrupting area and transforming quickly. For this, it is important for firm to be innovative with respect to technologies prevailing within the market. Xerofone is bringing their software for iOS and Android devices but windows smartphones are also available within the market. Apart from this¸ firms who make use bring your own device also needs the application which can block access on the systems also(Perera, 2017). This will act as an important aspect for Xerofone to take into consideration. Furthermore, rate of diffusion must also be taken into account and cost associated with entire process. Legal factors:With respect to this aspect, Xerofone needs to ensure anti-trust laws, copyright and patents or intellectual property law, data protection act and consumer protection. They need to ensure that applications are blocked by software then security of their users must not be breached and individuals must not have access to data present within them(Doulgeroglou, 2015). Environmental factors:Xerofone can opt for green infrastructure as well as energy efficient information technology infrastructure that are liable for empowering sustainability roadmap and widespread deployment for smart metering within their operations in Irish and UK market. Swot analysis It denotes internal factors which might create impact on the ways in which organisation is delivering their services. These elements have been illustrated beneath with respect to Xerofone: Strengths:They will disable smarphone technologies such as social media, gambling and social site. This will lead individuals to emphasise on activities that are being carried out by individuals(Rehman and Khan, 2012). It creates an affirmative influence on performance of individuals either they are employees or students. Weaknesses:Maintenance cost will be high as well as high risks from third persons to get access into devices by making use of different attacks such as man in middle or cross site scripting. In case if intruder is able to do so then Xerofone will have pessimistic impact on their services. Opportunities:It will render individuals with extra features which are not provided by other application developers. Business to business approach is being utilised to furnish enhanced benefits to their users(Shojaie, Hamidian and Basiji, 2014). Subscription package is offered at a charge of $2.99 along with entry within the market after Brexit. 5
Threat:There are many competitors who are financially strong. Along with this similar kind of products are being offered within market of Ireland and UK. Summary Xerofone is bringing an application within the market by which certain social media platforms will be disabled for a certain period of time. This is doen to attain a enhanced result as people are addicted towards their smart devices which declines their overall performance. But for having impelling results it is necessary to abide to certain laws which are formulated by government to ensure that they remain away from any kind of issues which might hamper their overall performance(Green, 2019). It is necessary to identify their strengths and weaknesses so that they can be turned into positive by making use of opportunities they have by elimination of threats. Current innovation strategies The process of creation of new values for people who are willing to make their use and pay for them is referred to as innovation. Strategies is a term which is denotes a plan that is being used for harnessing for an instance operations, R&D, finance and marketing for supporting attainment of competitive goals. From here, innovation strategy can be defined as explicit roadmap for reaching desirable future (Zurawka, Schaeuffele and Carey, 2016). They are being utilised by organisation for inspiring enhancements within services and technologies by making investments in research and development. This will aid Xerofone for attaining competitive edge within the market. They have analysed the market and identified what will yield affirmative results to various aspects of society. There strategy is to be a world's leading management software which will enable society for controlling usage of smartphones before they control them. Their strategies are illustrated beneath: The apps developed by their competitors gather data from users but Xerofone did not do this. It comprised of browsing habits, activities carried out within app downloaded, content present on messages along with their location. This was considered as breach of information by Xerofone and they aims at protecting information so that it is not used by anyone. The apps which are provided within the market are marketed as well as directed to parental control but strategy of Xerofone was to furnish synchronisation among education as well as home (Ghaisas, 2016). This can be understood by taking an instance like when 6
child goes to school then parents can control smartphones of their child and school can also do the same but of multiple students within the school hours. Xerofone provided firms with an option to save money, mostly organisations do not allowsmartdeviceswithintheworkingenvironment.ButXerophoneprovided employees to bring their handset within working environment so that they have their phone in case any kind of emergency takes place and also limit activities carried out. The criteria behind bringing in innovation is that technology is not a problem but challenge exist within ability to control use of technology rather than it control them. For this, Xerofone brought in long term pragmatic strategies through which they can ensure that goal is attained(Pedersen, 2016). Research have been carriedout for identificationof need for controlling use of smartphone within business, home as well as business. This hinders quality as well as performance which leads to decline within overall results. For this, Xerofone aims at win cross-sectoralacceptancewhich will disablesmartphone technologies.Their strategyalso included to target different sectors of market, they are illustrated beneath: Companies in whichof Xerofone application will assist them within improvisation of productivity of employee so that overall cost can be saved. Within the education sector, application or software will minimise distractions that leads to high levels of engagement of children as well as teenagers in classroom to accomplish their potential. Home where, children can stay away from enhanced use of digital world which will enable them to have physical experience (Devadiga, 2017). Emphasis was laid on business to business (B2B) market as in this section transactions have to be made in between companies. When working in such kind if environment and for having appropriate results Xerofone application can be used as it will furnish appropriate result. Current business model Xerofone for bringing in their innovation within the market have carried out research with respect to what will lead them to have enhanced research and accordingly carried out development of their software or application. The aim was to disable certain notifications from different platforms either social media or emails. Rationale for this was to eliminate distraction 7
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which is caused by notification while delivering their services as sometimes it lead to major accidents(Anderson and et. al., 2016). Along with this, it will renders enhanced results and overall productivity can be improvised, this can be understood by taking an example. Like, it was clear from the facts that individuals check their smartphones around 150 times each day or it can be taken as at every six minutes. It was also identified that individuals who are addicted to these devices are prone to accidents such as collisions or bumps, slipping, falling from height or any other kind of accident. For this, Xerofone have opted to make use of business to business model (B2B) which comprises of trading of services and goods among two different corporate entities. The B2B model is liable for carrying out communication as well as trade among distinct organisation in form of business house trade goods as well as services with other firms(Ouali, 2017). The reason for this is that while carrying out business meetings if someone gets a notification and phone is on ringing then it will lead to creation of disturbance. Along with this, making use of different applications while interacting with others also create a negative impact on individuals. Thus, the app provided by Xerofone will yield them with affective results by limiting some activities within conference or meeting hall. The model comprises of different aspects like electronic procurement, e-Human resource management and e-Customer relationship management. The electronic application will be provided by Xerofone which will enable to restrict certain aspects present within the smart devices. There exist different kind of B2B e- commerce models, they are depicted below: Supplier centric model:In this context, supplier builds up electronic market with respect to products which are being supplied by them. Here, suppliers are liable for rendering customised pricing as well as solutions as per requirements of buyers(Schmidt, 2016). With respect to this, Xerophone is supplier who will provide an application to different organisations. 8
(Source: E-Commerce Models – B2B, B2C, C2C & Its Types, 2019)Buyer centric model:This B2B framework or model is utilised by Big business houses who are responsible for carrying out higher volume of purchases and also possess huge purchasing capacity. Xerfone has set up electronic platform which will enable them to stay focussed on their operations like requesting for quotations. (Source: E-Commerce Models – B2B, B2C, C2C & Its Types, 2019) Intermediary centric model:It is an electronic market maker who is liable for rendering electronic platform for connecting different sellers as well as buyers for facilitating transactions among them(Idri, Abnane and Abran, 2016). They acts as an intermediary for peculiar segment where each individual involved within can connect. Xerofone can be used here to restrict the distractions which might create an impact on ways in which services are being delivered. 9 Illustration1: Supplier Centric Model Illustration2: Buyer Centric Model
(Source: E-Commerce Models – B2B, B2C, C2C & Its Types, 2019) Business model innovation The development of unique and new concepts for supporting financial viability within organisation which comprises of their missions as well as processes for bringing in concepts to success is referred to as business model innovation(Strode, 2016). It aims at realising new revenue sources through improvisation of product value and the ways in which they are being delivered within the market. Xerofone is about to launch their application in 2020 in which will enable parents, school as well as organisations to time lock different aspects associated with smartphonesofindividualandcanbeaccessedremotelythroughusageof3Gand4G connections(Barabanov, Markov and Tsirlov, 2016). In this context, Xerophone can opt for making use of business canvass model which assist within understanding business model in structured as well as straightforward manner. Basically, it denotes graphical representation of distinct number of variables which will illustrate value of firm(Mohammed and et. al., 2017). This can be utilised as an strategy tool for launching an application within market of UK as well as Ireland.They includes nine different elements which will aid Xerofone to acknowledge different aspects related with their application. It is illustrated below: 10 Illustration3: Intermediary Centric Model
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Key partners Jointventureswho have started with a identical start-up Collaborationwith biggerbrandslike AppleRisk assessors Key activities Developmentof platforms. Ensure security as well as accessibility of content of individuals who attempts to block certain aspects. Marketing of application toattractenhanced numbertoindividuals towards it. Value proposition Controlallthe applications which are installedwith smartphoneexcept callsandmessages. Alongwiththis content present within themwillnotbe accessed by anyone. Minimisationof distractionfortheir employees or students. Data of customers will not be saved and their locationwillnotbe accessed. Well-being of students as well as employees. Easy for usage. Customer relationship Furnishpersonal assistance for usage of application. Carry out trial runs toshowindividuals how it works.Cost for this is not identified yet. Key resources Technological infrastructure Revenue stream via funds provided by shareholder's and subscription. Customer relationship by providingpromotional offers to individuals. Salesofapplicationby Revenue stream Itprovides subscription. Funds are generated by shareholders. 11
making use of play store and app store Researchand development centre. Distribution channel Social media will be used for dispersion. Usageofbusiness networks. Long term contracts alongwithmonthly subscription. Providediscounts forattractingtheir customer’s.Developmentof transparent policies. Cost structure Itincludeswagesfor development team as well asotherstaffof Xerofone. Costinvolvedwithin rendering advertisements. Researchand development prices. Customer segment Theyarecorporates whichinvolves employees as well as employers. Research analysis & recommendation Xerofone is about to bring in their application within market for UK as well as Ireland. It is an innovative idea with an aim for enhancing productivity of organisation and individuals by restricting certain aspects of mobile applications(Akgün and et. al., 2017). This can be understood by taking an example like Apple is providing an application which is not exactly identical to Xerofone but provides control to parents for restricting certain content like parents can control devices of their children but also provides details related with what is assessed by them and browsing details. But in case of Xerofone privacy is retained by only providing them with control to restrict certain applications. Basically, it aims at furnishing individuals with power to control behaviour of individuals which will enable them to carry out their operations as per desired standards. It is recommended that business to consumer (B2C) model can be utilised which will render them with an opportunity for browsing, selecting, customisation as well as buying of 12
products by making use of online mediums. Depending on the competitors (Screentime, Ourpact, Kidslox and iKydz are direct competitors of Xerofone) present within the market, the cost associated with subscription must be revalued. Along with this, it is suggested that website must be updated with respect to latest information and updations which have been made within their software.. Premium discounts must be offered to their regular users along with this free trial has to be offered so that individuals become aware about what they are being provided as well as how it can be used. In addition to this, persons whose smartphones are restricted must be provided an overview of application so that they can be ensured that any kind of negative impact is not created or there information is not accessed by the one who is controlling their application. Scotland First Xerofone is an application which will be initially launched within the market of Scotland in 2020. The rationale behind this is that it has a strong economy as wide range of small and medium organisations are present there along with schools. Furthermore, there are various schools also(Ilin and et. al., 2017). This will provide them with an opportunity to have an affirmative impact on their application. As there are ample of SMEs, they are looking for increasing their profit margins and Xerofone will render them with an appropriate option. An example can be taken to understand this aspect like on an average employee use their phone for 1 hour per day, this implies 5 hours a week and this will lead to loss of around $2800 per employee. So if within organisation, there are 100 employees then the amount will increase. Therefore, by making appropriate use of Xerofone application, SMEs can have higher amount of profitability as well as schools can also have good results. Open innovation & culture It is important to identify purpose in terms of change which has to be seen around the world. Like employees or developers within Xerofone works with a rationale to earn. Similarly organisation, is rendering their services to earn higher profits as well as provide unique services within market which will enable them to build strong market image(Behutiye and et. al., 2017). Developers need a climate change as this will lead to bring in something new and when this is done then also some improvisations can be made. Xerofone must acknowledge the viewpoints of their employees as it might provide them with enhanced options within their application. Competencies of firm must be defined with respect to what they want and what their probable customers are delivering within market of UK and Ireland. With respect to strategies must be 13
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formulated and it must be ensured that according to this operations are being carried out. Reach out maximum stakeholdersas it will assist them within giving idea about what they are launching is apt or not and either it will be able to meet the standards of market. Apart from this, each individual must be aware of the fact that Xerofone is open to innovations whether they are from internal or external environment. Here, within there website an option can be provided for registered users to make their views or give suggestion with respect to what they can deliver(Dragicevic, Celar and Turic, 2017). Along with this, existent relationships must be transformed so that healthy environment can be created. This will lead to build knowledge base and this acts as an appropriate measure for for development of progress. Sustainability The process which emphasise on accomplishment of requirements of present without making any kind vulnerability with respect to future generation is referred to as sustainability. It comprises of profits and people. The sustainability of application of Xerofone can be ensured through the ways in which individuals perceive it(Idri, Hosni and Abran, 2016). For an example, some people may take it as as affirmative aspect to enhance their operations and others might think it as an attempt to get access to their details. This means that firm can only acknowledge feasibility of their product but its sustainability cannot be ensured until it is successful within the market. Xerofone needs to launch their product after that only this factor can be measured. But other aspects can also be considered like if same kind of product is not provided within the marketthenitwillbesuccess.Along withthis,when securityismaintainedthenalso sustainability of application can be ensured. Therefore, it is crucial for Xerofone to ensure that there application will deliver for what it has been designed as well as appropriate measures are being taken. Digital strategies There are distinct plan of actions which are being utilised by Xerofone to ensure enhanced delivery of services within market. As technology is evolving continuously, it is important that firm should bring something new within the market to ensure their sustainability in market of countries like UK, Ireland, etc. For this it is important to make appropriate usage of strategies, digital strategies have been illustrated below: 14
Minimise the utility bills by reduction of number of devices which are needed charged within working hour as unwanted notifications will be eliminated or blocked(Gilal and et. al., 2016). Adherence to GDPR by having capability for locking camera as well as other sources which are required for prevention of data leakage. Do not make use of sensitive information of individuals while controlling their activities carried out within specified time duration. Security must be maintained in context of location must not be accessed as well as access to messages will not be provided. Synchronisation has to be provided, for an instance if application of Xerofone is used by parents as well as school then if one need to restrict Twitter and other Facebook then each must have control. It should not be like if one is restricting then other cant do this. Xerofone application must provide control to both of them so that as per requirements they can restrict activities of students or employer within the organisation of employees. The essential element is that all the elements must not be controlled as otherwise it will not be of use to carry their smartphones as they wont work(Hobbs, 2019). Thus, it is important that emergency calls can be made in case it is required. Recommendations Summary It is recommended that Xerofone must opt for transparent policies so that each individual involved within usage as well as on whom this application is being utilised must be clear. So that they can decide whether specified app can be used or notand whether their privacy is maintained or not(Kudaravalli, Faraj and Johnson, 2017). Along with this, it must be easy to use which will enable each individual to understand all the aspects associated with the way in which application is being developed. It is suggested that after carrying out sales, promise which was made must be adhered to which will render 24*7 support for their customers. For an instance, if individuals feel that some unwanted messages are sent through the usage of device then they must have proper support from management of Xerofone to handle this. They can also have a joint ventures with small start ups so that they can increase number of sales which are being carried out. It is further suggested that Xerofone can target the global market in different sectors which will aid them to create influence in society. Like it can be used within public sector, medical, banks and call centres(Bilgaiyan, Mishra and Das, 2016). This will aid them to gain 15
profit as there sales margin will be increased as well as individuals who is making its use will also have amplified benefits. When employees will be able to deliver their services as per required standard and concentrate on the ways in which they are working, it will lead them to have overall affirmative impact on their operations. Alterations to BMC post-recommendations Certain suggestions have been made with respect to application developed by Xerofone so that overall benefits can be enhanced. By making use of these suggestions, certain affirmative assets can be acquired by them like problems associated with declining results of individuals within either school or college can be enhanced, firms can have effective workforce who will be emphasising on their work rather than smartphones. Apart from this, by making use of business to consumer (B2C) model Xerofone can have impelling results like great customer services can be delivered, when support will be provided 24*7 then it will lead to build trust in between them and individuals will also feel valued. This will allow them to have adequate growth within their business along with this it will become easy to reach maximum number of individuals through word of mouth. By carrying out revaluation of cost with respect to their competitors, they can make their mark within the market. The reason behind this is that as there least competitors within the marketplace and their application also make use of certain content of individuals smart devices like what they browse and messages which are being received by them. This denotes that Xerofone has affirmative edge within the market as security and privacy of their individuals is maintained. 16
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Appendix 1 Pestle Analysis POLITICALECONOMICAL In this, it is essential in relation with software to abide all the rules and regulations that has been framed by government. It has been identified that with having strong economic stability launch of app will turn out be advantageous. SOCIALTECHNOLOGICAL Thisfactorincludevalues,believesand perceptions of society. In this it is essential to make customers educate about main reason behind app launch. With the continuous evolvement in technology and innovation, it is essential to adopt changes that prevails in marketplace. ENVIRONMENTALLEGAL As per according to this factor, it is essential to undertakeoperationsofbusinessin environmentefficientmannerastoensure more sustainable growth. With the help of this moreeffectivegrowthopportunitiescanbe effectively ensured. Therearedifferenttypesoflawsand regulationsthathasbeenframedby government and is necessary to adopt as to conduct business operations in more effective manner. In this,Xerofone is required to adhere all the related and important legal legislations embedded by governmental authorities as to ensure more sustainable growth. As negligence of this factor may subsequently lead company to face number of hefty penalties. WiththehelpofPESTLEanalysissignificantstrength,weaknesses,threatsand opportunities can be duly ascertained with the help of which further growth advancements can be duly ensured. 17
Appendix 2 SWOT Analyis STRENGTHWEAKNESSES One of the most important strength that has been hold byXerofone is that it will disable smartphonetechnologieslikesocialsites, social media and gambling. One of the major weakness that has been hold by Xerofone is that in order to maintain this in significant manner huge cost will required. THREATOPPORTUNITIES There are many other competitors those who perform their operationsin same sector, as some of the certain rivals have strong financial rivals. Xerofone is having significant opportunity in whichtheycanoffertheirapplicationto customerswithmoreadditionalfeaturesin order to gain more competitive advancements. Minutes of meeting Minutes of meetings are termed as notes that mainly capture what happened at meeting. In addition to this, despite of meeting agenda it also record actions as well as decisions that has been duly requested by group. Thus, in order to successfully launchXerofone in the year 2020 it is utmost important to capture each and every necessary information such as decisions made, next step, action items and the individual who is responsible. It is essential to take use of minutes as it benefit those individuals who were unable to undertake meeting. Thus, with the help of this they can effectively able to reflect back to the main point of meeting. This will significantly help in successful launch of Xerofone as it allow to keep each and every individual on proper track. Most important details which is essential to cover in meeting minute involve date and time of meeting, name of the participants, agenda items and topics discussed and action items. With the help of this, effective engagement of each and every individual can be significantly ensured that further benefit in successful launch of project in future. In addition to this, it has been identified 18
that meeting minute is also termed as note or protocol and is a live written record of meeting. Thus, it become essential for Xerofone to take use of meeting minute in order to ensure success. 19
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References Books & Journals Akgün, A.E. and et. al., 2017. Knowledge sharing barriers in software development teams: A multiple case study in Turkey.Kybernetes,46(4), pp.603-620. Anderson, K.H. and et. al., 2016.Continuous deployment system for software development. U.S. Patent 9,454,351. Barabanov, A.V., Markov, A.S. and Tsirlov, V.L., 2016. Methodological Framework for Analysis and Synthesis of a Set of Secure Software Development Controls.Journal of Theoretical & Applied Information Technology,88(1). Behutiye, W.N. and et. al., 2017. Analyzing the concept of technical debt in the context of agile softwaredevelopment:Asystematicliteraturereview.InformationandSoftware Technology,82, pp.139-158. Bilgaiyan, S., Mishra, S. and Das, M., 2016, January. A review of software cost estimation in agile software development using soft computing techniques. In2016 2nd international conference on computational intelligence and networks (CINE)(pp. 112-117). IEEE. Devadiga, N.M., 2017, November. Software engineering education: Converging with the startup industry. In2017 IEEE 30th Conference on Software Engineering Education and Training (CSEE&T)(pp. 192-196). IEEE. Doulgeroglou,E.,2015.KeyaspectsofasuccessfuloutsourcingcompanyinSoftware Telecommunication industry. Dragicevic, S., Celar, S. and Turic, M., 2017. Bayesian network model for task effort estimation in agile software development.Journal of systems and software,127, pp.109-119. Ghaisas, S., Tata Consultancy Services Ltd, 2016.Recommendation system for agile software development. U.S. Patent 9,262,126. Gilal, A.R. and et. al., 2016. A rule-based model for software development team composition: Team leader role with personality types and gender classification.Information and Software Technology,74, pp.105-113. Green, D.D., 2019. Disruptive Change in Today’s Innovation: A Case Study Analysis of OptimalPlus.Manag Econ Res J,5(2019), p.7788. Hobbs, C., 2019.Embedded software development for safety-critical systems. CRC Press. Idri, A., Abnane, I. and Abran, A., 2016. Missing data techniques in analogy-based software development effort estimation.Journal of Systems and Software,117, pp.595-611. Idri, A., Hosni, M. and Abran, A., 2016. Improved estimation of software development effort using Classical and Fuzzy Analogy ensembles.Applied Soft Computing,49, pp.990- 1019. Ilin, I. and et. al., 2017, April. Analysis of Factors, Defining Software Development Approach. InEnergyManagementofMunicipalTransportationFacilitiesandTransport(pp. 1306-1314). Springer, Cham. Kudaravalli, S., Faraj, S. and Johnson, S.L., 2017. A Configural Approach to Coordinating Expertise in Software Development Teams.MIS Quarterly,41(1). Mohammed, N.M. and et. al., 2017. Exploring software security approaches in software developmentlifecycle:Asystematicmappingstudy.ComputerStandards& Interfaces,50, pp.107-115. Ouali, B., Vermeg Services SARL, 2017.Automated enterprise software development. U.S. Patent 9,823,900. 20
Pedersen, P.M., Black Duck Software Inc, 2016.Methods and systems for managing software development. U.S. Patent 9,489,687. Perera, R., 2017.The PESTLE analysis. Nerdynaut. Rehman, S. and Khan, S.U., 2012. SWOT analysis of software quality metrics for global softwaredevelopment:Asystematicliteraturereviewprotocol.IOSRJournalof Computer Engineering,2(1), pp.01-07. Schmidt, C., 2016.Agile software development teams. Springer International Publishing. Shojaie, M., Hamidian, M. and Basiji, A., 2014. Strategy Planning Using SWOT Analysis and QSPM Model A Case Study of Baridsoft Company (One of the top and leader companies ofIraniansoftwareindustry).InternationalJournalofScientificManagementand Development,2(7), pp.252-257. Strode,D.E.,2016.Adependencytaxonomyforagilesoftwaredevelopment projects.Information Systems Frontiers,18(1), pp.23-46. YANG, X.K. and ZHU, D., 2012. Research on the Development Strategies of Dalian Software andInformationServicesBasedonSWOT[J].JournalofDalianUniversityof Technology (Social Sciences),3. Zurawka, T., Schaeuffele, J. and Carey, R., 2016.Automotive Software Engineering(pp. i-xv). SAE. Online E-Commerce Models – B2B, B2C, C2C & Its Types. 2019. [Online]. Available through: <https://bbamantra.com/e-commerce-models-b2b-b2c-c2c-types/>. 21
Minutes of meeting Minutes of meetings are termed as notes that mainly capture what happened at meeting. In addition to this, despite of meeting agenda it also record actions as well as decisions that has been duly requested by group. Thus, in order to successfully launch Xerofone in the year 2020 it is utmost important to capture each and every necessary information such as decisions made, next step, action items and the individual who is responsible. It is essential to take use of minutes as it benefit those individuals who were unable to undertake meeting. Thus, with the help of this they can effectively able to reflect back to the main point of meeting. This will significantly help in successful launch of Xerofone as it allow to keep each and every individual on proper track. Most important details which is essential to cover in meeting minute involve date and time of meeting, name of the participants, agenda items and topics discussed and action items. With the help of this, effective engagement of each and every individual can be significantly ensured that further benefit in successful launch of project in future. In addition to this, it has been identified that meeting minute is also termed as note or protocol and is a live written record of meeting. Thus, it become essential for Xerofone to take use of meeting minute in order to ensure success. 22