Key Partners

Key Activities

Value Propositions

Customer Relationships

Customer Segments

The key partners of the Company act as the pillar in the organization. It motivates the Company to develop new innovative models in the market. Eye cloud has potential critical partners like Google, Yahoo, and Intel that supplies innovative resources to the Company (Osterwalder, Pigneur, Smith, & Etiemble, 2020).The partners help to provide innovative ideas with the latest tools so that technological products can e designed. 

The products of the eye cloud define its uniqueness on the market. Eye cloud always focusses on developing technological products like cloud computing system products (Osterwalder, Pigneur, Smith, & Etiemble, 2020). Different processes in key activities help them to gain customer attraction on the market. The revenue streams and distribution channels of eye cloud have a strong base to prove their uniqueness.

Being an artificial intelligence-based company, the eye cloud delivers the latest and innovative products to its customers. They also develop products along with a reasonable price so that the relationship with the customer gets strong (Osterwalder, Pigneur, Smith, & Etiemble, 2020). For providing exceptional services to its customers, the Company is resolving the drawbacks of existing products. It will prevent deterioration of the customer relationship. Supplying great quality products with reasonable cost helps to satisfy the customer demands.

The relationship of the Company with the customer is decided by which tool they are communicating. Customers prefer those companies who supply all time service. As the eye cloud is a software-based Company; thus, it must have providedservice on its products to the customers (Osterwalder, Pigneur, Smith, & Etiemble, 2020). It will increase the feedback value of the Company.

The customer segmentation is done mainly based on the geographic and demographic value of customers (Osterwalder, Pigneur, Smith, & Etiemble, 2020). In every field, there are mainly two groups of customers- one who looks for innovative products irrespective of price and one who looks for cost-effective products. Eye cloud has a particular infrastructure for providing services to both groups.

Key Resources

Channels

The expert team of the Company must analyze the essential resources. The latest marketing strategies, like digital marketing practices, must be followed to increase the frequency of channels and customer relationships. Essential resources mainly include the tools and processes followed by the Company while designingthe Product. Eye cloud has a remarkable stand in providing the latest technological products to the customers.

Online platforms are the best way to promote products. Digital marketing platforms like social websites can be a great companion for the Company to promote its Product in the international markets. The relation with stakeholders can be made secure by frequently communicating with them. It can be done through email for sending and receiving the report.

Cost Structure

Revenue Streams

The primary driver of the cost is remodeling digital CRM for operating the processes throughout the system. The principal activities are mainly online based that does not draw high cost from the system (Osterwalder, Pigneur, Smith, & Etiemble, 2020). The cost proportion is divided into two segments, namely- fixed and variable. There is no such variable cost of the Company. A fixed cost is spent on digital CRM.

The Company always tries to engage customers to increase their market value so that their revenue can be increased. The Company involves in promoting the products through its page on social website platforms (Osterwalder, Pigneur, Smith, & Etiemble, 2020). It increases the count of website visitors and helps to attract potential customers from all over the world.

Success Factors

Description

Impact level

Expert technical Personnel

When it comes to developing innovative products, technical experts are needed to supervise and monitor the team for executing the work properly. The experts can advise on the crisis and solve it effectively (Kerzner, Using the project management maturity model: strategic planning for project management, 2019). They can also simplify the complex task by dividing them into parts and execute those parts.

High

Implementation of proper risk management

Strategies must be implemented by the leaders to handle the risks in the Company. Risk can occur at any moment while designing an innovative product (Kerzner, Using the project management maturity model: strategic planning for project management, 2019). That risk must be handled by the managers and leaders to provide the smooth working of the process. In this way, the progress also does not get affected, and Project can be executed successfully.

High

Experienced Managers

Managers who have significant experience possess knowledge in different aspects. Their knowledge can be made usable on designing the Product. They can share their views according to the planning of the Project (Lückmann & Feldmann, 2017). As a result, it can bring success to the Company.

Medium

Targeting the milestones

Every Company wants to achieve some milestones from their Product. It helps to increase the value of the Company in the international market. The count of potential customers also gets increased with the increase in value (Frefer, Mahmoud, Haleema, & Almamlook, 2018). Thus, the Company must target some milestones that can be achievable by designing of the Product

Medium

Critical Risk

Description

Impact Level

Cost Problem

When the Company is planning to launch an innovative product, then this problem can happen. The Company can face getting overrun on cost, and thus, the financial crisis can occur (Kerzner, Project management metrics, KPIs, and dashboards: a guide to measuring and monitoring project performance, 2017). This type of problem occurs when too many resources have been used on the Project. Another reason for this risk is wasting too much time experimenting. Thus, to mitigate this proper risk budget must be planned.

High

High Competition risk

In recent years, various software companies have emerged in the market. Thus, the competition has increased a lot. Every Company is on the race of proving its uniqueness. Competition is a significant risk in the IT industry. The risk can be mitigated to some extent by providing cost-effective unique products to the customers.

High

Exceeding the estimate

It can become a significant risk in the Project and can make the Project fail. If the project cost gets exceeded by any means, then it fell a significant effect on the Project (Kerzner, Project management metrics, KPIs, and dashboards: a guide to measuring and monitoring project performance, 2017). Handling this type of situation becomes severe. The risk can be mitigated by the use of limited resources and executing them at the specified time.

Medium

Low sales

Designing a product is not enough for the Company. It should be promoted in proper platforms for sales. If the sales of the Company are weak, then that Product cannot survive in the competitive market. The Product will inevitably fail and leads to massive loss of the Company. The risk can be mitigated by promoting the Product through events and online platforms.

Medium

1.      Extent to which the idea:

·         Takes advantage of an environmental trend

·         Solves a problem

·         Addresses an unfilled gap in the marketplace

strong

2.      Timeliness of entry to market

Very timely

3.      Extent to which the idea “adds value” for its buyer or end user

High

4.      Extent to which the customer is satisfied by competing products that are already available

Very satisfied

5.      Degree to which the idea requires customers to change their basic practices or behaviors

Small to no changes required

1.      Number of Competitors

Few

2.      Stage of Industry Life cycle

Growth phase

3.      Growth rate of industry

Strong growth

4.      Importance of industry’s products and/or services to customers

“must have”

5.      Industry operating margins

High

1.      Identification of target market for the proposed new venture

Identified

2.      Ability to create “barriers to entry” for potential competitors

Can create

3.      Purchasing power of customers

High

4.      Ease of making customers aware of the new product or service

High

5.      Growth Potential of target market

moderate

1.      Founders or Founders experience in the industry

Experienced

2.      Founders or Founders’ skills as they relate to the proposed new venture’s product or service

Skilled

3.      Extent of the founder’s or founders’ professional and social networks in the relevant industry

Moderate

4.      Extent to which the proposed new venture meets the founder’s or founders’ personal goals and aspirations

Strong

5.      Likelihood that a team can be put together to launch and grow the new venture

Very likely

1.      Initial capital Investment

Moderate

2.      Number of revenue drivers (ways in which the company makes money)

Two to three

3.      Time to break even

Less than one year

4.      Financial Performance of similar businesses

One to two year

5.      Ability to fund initial product (or service) development and/or initial start-up expenses from personal funds or via bootstrapping

High

Part 1: Strength of Business Idea

High Potential

Potential can be improved if the idea is strong and feasible.

Part 2: Industry-related issue

High Potential

Potential must be remainedhigh so that project execution can be made smoothly.

Part 3: Target Market and Customer related Issues

Moderate Potential

Potential must be remained low so that the customer satisfaction can remain high.

Part 4: Founder (or Founders) related Issues

Moderate Potential

Potential must be maintained so that the issues does not become big.

Part 5: Financial Issues

Low Potential

Financial Issues must be addressed so the execution can be made clear.

Overall Assessment

Moderate Potential

An average good score in all the aspects.