MGMT20143 Think Big: Online Business Application for Cargo Shipments

This project outlines the development of an online business application for maritime container cargo shipments, enabling customers to track shipment data and integrate with shipping partners. It addresses cybersecurity threats through firewalls and seeks government approval for legality. Monetization strategies involve identifying requirements, analyzing costs, and implementing technological advancements. The project assesses financial feasibility using key ratios, ROI analysis, and cash flow statements, alongside operational feasibility via a business canvas model. The idea's scope lies in improving freight systems and shipment tracking, with scalability achieved through shipment monitoring and response analysis. The project seeks financial support from investors in return for promising services and potential involvement in organizational matters, including detailed cash flow projections for the first two years under best-case and worst-case scenarios. A bibliography of relevant sources is also included.

Think Big

Overview of the proposed venture idea
The proposed venture or idea is on the
development of online business application of
maritime container cargo shipments
It allows customers to capture any act on the
shipment data
It also helps in the integration of the shipping
partner and provides abilities to track the
shipment
The benefits is that the idea can be portable
as well as re-useable

Underlying business model

The problem solved
Cyber crime threats can be solved by proper
installation of firewalls
It can install anti-cyber threat devices
In order to ensure that the legalisation of the
business be established it is necessary to seek
approval from the Government
This can help in gaining the approval from
the ISO standard

How the idea is monetised
The idea can be monetised by identifying the
requirements
It is essential to analyse the cost of goods
sold
The technological advancement also need to
be implemented for the development of the
market
Along with this relation need to be
maintained with the Government for gaining
the legality via ISO

Financial feasibility
Financial key roles help in discussing the
fundamental information of a business.
It helps in improving the financial health of a
company and any business ideas that are
developed
Excess debt or build up stocks are required
for maintaining the financial key ratios
It also helps in building up stocks in a rapid
manner

Contd..

Contd..
The ROI helps in the analysis of the payback
period
In this case the payback period can be
identified from the cash flow statements as
well as the break even analysis
It can be seen that the ROI of the idea can be
considered as an effective factors for its
legality in the business

Operational feasibility
Operational feasibility can be considered as
the manner in which every operation of the
business can have a development of its
manufacturing units
The operational feasibility of the concerned
idea can be the factors required for making
the process legal
Analysis of the business canvas model can
help in the feasibility of the idea

Scope of the idea
The scope of the idea is that it can help in the
proper development of the freight system and
provide customers with the ability to track
the shipments
This can help in the improvement of the
problems associated with the shipment of
goods and services

Scalability of the idea
Monitoring of the shipment can be done that
can help in providing ideas necessary for the
development of the ships
Responses from the shipment can be
considered as an effective way to solve
problems

What are you seeking from the investors
Investors need to provide financial support
for the development of the idea
It is necessary that the financial support be
implemented after the analysis of the
business idea
For this, it is essential that problems related
to the business be solved