Description
Using the feedback you received on your previous case studies for the company Jimmy Beans Wool, write a paper that includes an overview of the business your organization is in, the business objectives, and the marketplace and competitors for your company. The paper should include a high-level, multiple-year plan that describes how your proposed strategic initiative(s) would be implemented. Make sure the paper contains the specifics for the IT initiatives for which you are requesting funding and a cost/benefit analysis. In your cost/benefit analysis, you must separate one-time costs from ongoing costs. Your submitted paper must use the section and subsection headings in the same order as they appear in this assignment's descriptive outline (see attached document above). The paper should address the following questions and answer the questions in the description outline:
- What are the proposed IT initiatives? What questions still need to be addressed in the systems planning and systems analysis phases?
- Why are you proposing these IT initiatives? How will the IT initiatives support or enable the business objectives?
- What is the high-level cost / benefit of each initiative?
- What are the timing and priorities for your multiple-year plan? What is the timing for implementation of each initiative? In what order do you propose the IT initiatives be implemented? Why are you proposing that order?
- What is your recommendation for who will implement the initiatives (in-house resources, contractors, software providers, a combination, etc.)?
- Will the initiatives be run in-house or be implemented as a cloud computing solution?
- How will you measure success? What will be checkpoints to determine if the strategy is on track?
Imagine that this document is going to the CEO or Board of Directors. It should include an executive summary abstract of no more than one page. A single paragraph may be enough to summarize your recommendations. Your key points should include references that support the recommendations that you are making. The strategy should include a high-level, multiple-year plan and must include a cost/benefit analysis. Your paper should be written following APA format, and should be a maximum of 15 pages, not including non-content pages (e.g., reference page, title page, table of contents, etc.). You must have at least three references, including at least one peer-reviewed article from the library.
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Explanation & Answer

Hi, below is the complete paper. Please check and let me know if you may need me to make any changes and I will gladly help. Also attached is the plagiarism report.
Running head: JIMMY BEANS COOL STRATEGIC INITIATIVE PROPOSAL
Jimmy Beans Cool Strategic Initiative Proposal
Student’s Name
Institution Affiliation
1
JIMMY BEANS COOL STRATEGIC INITIATIVE PROPOSAL
Contents
1.0Executive Summary ................................................................................................................................. 3
2.0Business Overview................................................................................................................................... 3
2.1Introduction .......................................................................................................................................... 3
2.2Business Objective ............................................................................................................................... 3
2.3Market Analysis ................................................................................................................................... 4
2.3.1 Target Market, Market Share and Market Segments ................................................................... 4
2.4Products and Services ...................................................................................................................... 5
2.5Competitors ...................................................................................................................................... 5
3.0 IT Strategic Initiatives proposal .............................................................................................................. 5
3.1PIM – Product Information Management ............................................................................................ 5
3.2DAM – Digital Asset Management ..................................................................................................... 6
3.3Google Analytics ................................................................................................................................. 7
3.4 Implementation of IT strategies .......................................................................................................... 8
3.4.1 Alternative: Building in-house system ......................................................................................... 8
3.4.2 Alternative 2: Purchase Software ..................................................................................................... 9
4.0 IT Initiative Funding ............................................................................................................................. 11
Plan for Sustaining the IT Initiatives .......................................................................................................... 14
5.0 Ethical Discussion ................................................................................................................................. 15
6.0 Conclusion ............................................................................................................................................ 16
7.0References ............................................................................................................................................. 18
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JIMMY BEANS COOL STRATEGIC INITIATIVE PROPOSAL
Jimmy Beans Cool Strategic Initiative Proposal
1.0 Executive Summary
Jimmy Beans Wool ought to concentrate on developing on the web sales for its yarn and fabric
items. To empower the organization for online development, it is suggested that Jimmy Beans
incorporate and streamline its item list by executing three stages IT activities. Firstly, the
organization ought to execute a PIM framework to store all the item data. Besides, a DAM
framework ought to be taken off to store and deal with the digital resources. The PIM and DAM
frameworks, would be incorporated as a feature of a general nine-month IT plan in year one. At
long last, the coordinated PIM-DAM framework empowering the Jimmy Beans Wool site would
be strengthened by Google Analytics to pick up information which would be utilized for
predicting, estimating and understanding client. By implementing the proposed IT activities,
Jimmy Beans Wool would pick up an average of about 30% development in three years. This
would likewise reduce the superfluous expenses for the organization, streamline its operations
and guarantee the adaptability of operations.
2.0 Business Overview
2.1 Introduction
Jimmy Beans Cool produces and distributes knitting, crochet and sewing products through online
platforms. The company provides digital content through its E-commerce website, where
customers shop for the company products. The company objective is to provide customers with
well curated and zipped bags. The company targets online buyers especially women as the firm
sells bags and other knitting, crochet and sewing products. Jimmy Beans Cool major competitors
include Lincraft, Michael Abakhan, and Hobby Craft. As well, the company provides yarn on the
internet. In five years after the company began, the company achieved $1 million in sales
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JIMMY BEANS COOL STRATEGIC INITIATIVE PROPOSAL
between 2007 and 2012 by 2013 the company was doin...
