Requirement Forum 1: Introduce yourself, identifying your Management Level, your Functional Area and your proposed Company Structure For your FIRST discussion post state your management level, department and company structure you will represent. No two students should choose the same department.For example: Operational Manager, IT, investigating Direct Trading Platforms. Kindly note that I have chosen to be the the Strategic Manager, Market Operations - (Marketing) investigating Trading Platforms. Forum 2: Discuss your business structure1. From the perspective of your department and management level, describe your business structure. I have chosen Trading Platform Structure 2. Thoroughly discuss THREE contributing factors that may make yours the preferred structure. 3. Request information from THREE other departments that could assist in your investigation. Please specify both the TYPE, and specific CONTENTS of the report you are requesting (Unit 3 types of output)The outputs are:Projection, Query respnses Special Reports decision analysesSummary and Exceptions report Detailed report, List As a student of Management Information System I, you have been hired as a management intern by MGMT eCashInc. You instantly realise you need to do some research, as words and phrases like cryptocurrency, blue ocean,exchange, ATH, block chain, bitcoin, ethereum etc. mean nothing to you. Your boss soon presents you with somehistorical data as well as a dataset dating back from June 2016 to November 2017, on currency trades for a subsetof the more than 2000 cryptocurrencies in existence. MGMT eCash Inc. argues, that if you can analyse this datasetsuccessfully, then examining the current dataset in detail, will be a breeze. As a new management intern, you aretasked with analysing the provided information and reporting your findings and possible recommendations at anupcoming meeting.Cybercrimes, security breaches, election hacks and advertising blacklisting have been in the news recentlyand these are of concern to the company. Recently, there has been much volatility in the market with huge volumesmoving between "fiat" and crypto currencies. Many start-ups, like your employer, have been trying to positionthemselves to ride the next wave of expected growth. Your company wishes to be the one leading the pack! Thisrequires them to anticipate the true demand but also to know which products and likely to fail, but moreimportantly they have to decide on the final business model, and safeguard their electronic assets!Still glowing from the praises for your earlier analysis, you have been given a new enormous responsibility.You are to assume the role of a functioning manager in the company, and report some findings and possiblerecommendations at the upcoming meeting.Typical Management Roles in the CompanyManager - Recruiter -Remote (HR)Manager - Market Operations (Marketing)Manager - Research Science & Analytics (R&D)Manager - Investment Strategist (Finance)Manager - Business Development (Sales)Manager - Office Administration (Operations)Manager - Accounting & FinanceManager - Information Technology CASE BACKGROUNDIn 1983, MGMT eCash Inc. developed a type of cryptographic electroniccurrency, ecash, which was later used in 1995, as digicash for cryptographic electronic payments. This early form ofcryptographic electronic payments, led to the conception of Bitcoin, a well-known cryptocurrency. Thereafter, manyforms of cryptocurrencies were developed where you can buy, sellor exchange cryptocurrencies for other digital currency or traditional currency like US dollars or Euros. Basically, anexchange is where buyers and sellers conduct their business."Crypto-currencies have the potential to transform fundamental aspects of industry and society and make aconsiderable difference to the activities of government bodies and policy-making. They are perhaps the truest formof digital economy technology that has yet emerged - sitting at the crossroads of technology, economics, socialsciences and business - where cryptography has managed to disrupt our established practices and notions of trust,identity and value. "Exchanges come in a few flavours and the company is exploring the following structures:-Trading Platforms - These are websites that connect buyers and sellers and take a fee from each transaction.Direct Trading - These platforms offer direct person to person trading where individuals from differentcountries can exchange currency. Direct trading exchanges don't have a fixed market price, instead, each seller setstheir own exchange rate.Brokers - These are websites that anyone can visit to buy cryptocurrencies at a price set by the broker.Cryptocurrency brokers are similar to foreign exchange dealers.The company has rented traditional office space in a small building, but expects the world to know it from itswebsite and online presence in all its various forms e.g. blogs and social media.Whatever its final form, MGMT aCash Inc. will be a user centric online service, and by positioning itself as the hub inan emerging infrastructure, hopes to become the de facto exchange for several cryptocurrencies.

In this case, we find ourselves in the rapidly evolving world of cryptocurrencies and digital…

Answered: Requirement Forum 1: Introduce…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

See similar textbooks

Related questions

Question

Requirement

Forum 1: Introduce yourself, identifying your Management Level, your Functional Area and your proposed Company Structure

For your FIRST discussion post state your management level, department and company structure you will represent. No two students should choose the same department.

For example: Operational Manager, IT, investigating Direct Trading Platforms.

Kindly note that I have chosen to be the the Strategic Manager, Market Operations - (Marketing) investigating Trading Platforms.

Forum 2: Discuss your business structure

1. From the perspective of your department and management level, describe your business structure. I have chosen Trading Platform Structure

2. Thoroughly discuss THREE contributing factors that may make yours the preferred structure.

3. Request information from THREE other departments that could assist in your investigation. Please specify both the TYPE, and specific CONTENTS of the report you are requesting (Unit 3 types of output)

The outputs are:

Projection, Query respnses
Special Reports decision analyses
Summary and Exceptions report
Detailed report, List

As a student of Management Information System I, you have been hired as a management intern by MGMT eCash
Inc. You instantly realise you need to do some research, as words and phrases like cryptocurrency, blue ocean,
exchange, ATH, block chain, bitcoin, ethereum etc. mean nothing to you. Your boss soon presents you with some
historical data as well as a dataset dating back from June 2016 to November 2017, on currency trades for a subset
of the more than 2000 cryptocurrencies in existence. MGMT eCash Inc. argues, that if you can analyse this dataset
successfully, then examining the current dataset in detail, will be a breeze. As a new management intern, you are
tasked with analysing the provided information and reporting your findings and possible recommendations at an
upcoming meeting.
Cybercrimes, security breaches, election hacks and advertising blacklisting have been in the news recently
and these are of concern to the company. Recently, there has been much volatility in the market with huge volumes
moving between "fiat" and crypto currencies. Many start-ups, like your employer, have been trying to position
themselves to ride the next wave of expected growth. Your company wishes to be the one leading the pack! This
requires them to anticipate the true demand but also to know which products and likely to fail, but more
importantly they have to decide on the final business model, and safeguard their electronic assets!
Still glowing from the praises for your earlier analysis, you have been given a new enormous responsibility.
You are to assume the role of a functioning manager in the company, and report some findings and possible
recommendations at the upcoming meeting.
Typical Management Roles in the Company
Manager - Recruiter -Remote (HR)
Manager - Market Operations (Marketing)
Manager - Research Science & Analytics (R&D)
Manager - Investment Strategist (Finance)
Manager - Business Development (Sales)
Manager - Office Administration (Operations)
Manager - Accounting & Finance
Manager - Information Technology

CASE BACKGROUND
In 1983, MGMT eCash Inc. developed a type of cryptographic electronic
currency, ecash, which was later used in 1995, as digicash for cryptographic electronic payments. This early form of
cryptographic electronic payments, led to the conception of Bitcoin, a well-known cryptocurrency. Thereafter, many
forms of cryptocurrencies were developed where you can buy, sell
or exchange cryptocurrencies for other digital currency or traditional currency like US dollars or Euros. Basically, an
exchange is where buyers and sellers conduct their business.
"Crypto-currencies have the potential to transform fundamental aspects of industry and society and make a
considerable difference to the activities of government bodies and policy-making. They are perhaps the truest form
of digital economy technology that has yet emerged - sitting at the crossroads of technology, economics, social
sciences and business - where cryptography has managed to disrupt our established practices and notions of trust,
identity and value. "
Exchanges come in a few flavours and the company is exploring the following structures:-
Trading Platforms - These are websites that connect buyers and sellers and take a fee from each transaction.
Direct Trading - These platforms offer direct person to person trading where individuals from different
countries can exchange currency. Direct trading exchanges don't have a fixed market price, instead, each seller sets
their own exchange rate.
Brokers - These are websites that anyone can visit to buy cryptocurrencies at a price set by the broker.
Cryptocurrency brokers are similar to foreign exchange dealers.
The company has rented traditional office space in a small building, but expects the world to know it from its
website and online presence in all its various forms e.g. blogs and social media.
Whatever its final form, MGMT aCash Inc. will be a user centric online service, and by positioning itself as the hub in
an emerging infrastructure, hopes to become the de facto exchange for several cryptocurrencies.

Expert Solution

Trending now

This is a popular solution!

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Follow-up Questions

Read through expert solutions to related follow-up questions below.

Follow-up Question

Create the process diagram

4. DESIGN and DRAW a high level “as-is” process diagram depicting how a trade would be made, under your proposed structure. The diagram should be for the model you are supporting and should show the bands, process flows, roles, decisions and/or cross functional interactions required.

Summarise and make Recommendations

5. Summarise the information shared thus far, and discuss TWO findings about your analysis from your management level that can be used to decide on the final company structure. Make TWO recommendations to support either a change or no change, in the company structure. Only credible sources should be used.

Solution

by Bartleby Expert

SEE SOLUTION