Assignment_2

SHRIJAN SHARMA 000881278 THE STRATEGY KNOWLEDGE AREA Designed for: Designed by: Date: Version: Business Model Canvas The Strategy Analysis Knowledge Area 3rd November,2022 1.0 Key Partners Key Activities Value Propositions Customer Relationships Customer Segments • For the project display, the TV tours is the company that could be used and for content updates. • HPL company for the Digital design enhancement for screen displays. • For more practical and effective project design, we need the tenants’ and other stakeholders’ opinions and validation about the project. • In case of emergency situations, CHH has fast and reliable contact to Hamilton’s fire department, paramedics services, and the police department to ensure immediate action to • Students’ thorough study and research can lead to acquiring tactical strategies and effective business proposals for the success of the project. • Conducting effective and efficient interviews and surveys to raise enhancement and strengthen the proposed project’s productivity. • Convenient living for elders addressing their safety, basic needs and necessities, and more comfortable life. • Providing extra fun to their senior life by using entertainment features and the effective contents of the project. • To make information dissemination easier and faster by virtual display in their most convenient and accessible places. • Displaying reliable emergency hotline on screen apparently to maintain accessible emergency services. • By checking on the availability of their basic needs and health, elders will be happy to be reminded and assist especially those who doesn’t have caregivers. • For them to stay informed and updated about current states, news, events, and other safety protocols. • The government authorities administering the City Housing Hamilton and the tenants. • The TV tours company for the digital display services. Sponsors and other generous fund donors. Key Resources • Content researchers will access and find reliable sources of information on internet using google, YouTube and other internet platforms. • Consulting health experts and advocate supporters beneficial for the project Channels • TV screen • gadgets • online website 3-11-2022

SHRIJAN SHARMA 000881278 THE STRATEGY KNOWLEDGE AREA certain circumstances. • Cost Structure • Display enhancement and content updates to digital company partners. • Staff salaries and benefits. • The purchase cost of TV screens for display. Revenue Streams • Modest monthly payment from tenants since the project doesn’t aim for high income and profit. • Income accumulated from sponsors and other generous donors to support the project. • Government assistance project fund. Current State – Situation Statement (Business Need) • We are still looking for donors or sponsors to lessen the cost and expenses for the development of the project • Students are still undergoing interviews and research to justify and explicate ideas to experts and other stakeholders for the improvement and market expansion. • Since the Senior’s connect project was developed during covid outbreak, people might not acknowledge and appreciate the project’s use and benefit for them since the situation is getting normal. • Clients might consider the project as an extra cost for their daily essentials considering the target market are the people who have modest lives and income. Future State – Opportunity Statement (Solution Statement) • The remarkable effort of Mohawk students to achieve solid planning and thorough research could build effective marketing strategies and practical business proposals could attract support from the government and benefactors to support the project for the benefit of the community. 3-11-2022

SHRIJAN SHARMA 000881278 THE STRATEGY KNOWLEDGE AREA 3-11-2022 Risk Describe Risk Likelihood (High, Medium, Low) Strategy for handling the risk POLITICAL Support budget amount may not be increased or lowered resulting from legislative officer changes and budget allocation. Medium Outstanding project proposal to be presented to the budget committee. ECONOMIC Additional budget for expenses Lesser care giving job opportunity and other life essential services. Low Medium Make the cost the modest but beneficial as possible. Ask government support and be open for benefactors. Delivery services income may be decreased and other extra job services essential for everyday living. SOCIAL Elders will be more likely to stay at home than going out considering they can do and take care of their needs using their devices. Medium Organizing community events and entertainments like exercises and social events that encourage people to get together at the lobby. TECHNOLOGY Technical problems may be possible due to maintenance and other emergency circumstances resulting to disability of using the service at some time. Medium We can leverage contemporary technology to address technological default issues and provide forewarning if the system is about to fail. LEGAL When describing a risk based on a legal entity, it is important to note that this risk has more impact than any other since, without the use of adequate legal documentation, no project could be completed, or it will be established. High Contract risk, litigation risk, regulatory risk, and policy risk are the four risks that fall under the legal category. Any corporate entity must follow these four risks to pursue any form of project. ENVIRONMENTAL The organization is filled with a wide range of groups, including all different nationalities, cultures, and races. We are aware that if something goes wrong, the system High Living under one roof and embracing other people's diverse cultures is the technique for minimizing those risks. We can set up a conference and program to

SHRIJAN SHARMA 000881278 THE STRATEGY KNOWLEDGE AREA Define Change Strategy 1. Organizational readiness to make the change Business analysts do an analysis of the company to judge its ability to implement and maintain the change in the desired future state. The enterprise's ability to implement the change, use and maintain the solution, and derive value from the solution are all considered in the readiness assessment . 2. Change Strategy  Organizational readiness to make the change.  Major cost and investment needed to make the change.  Timelines to make the change.  Alignment to the business objectives  Opportunity cost of the change strategy [BABOK V.3 Pg. 128] 3-11-2022