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CLOUD-BASED ONLINE HOSPITAL APP WITH VIRTUAL REALITY FUNCTIONALITY
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Cloud-based Online Hospital App with Virtual Reality Functionality
Activity 3 - Making Strategy
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Assignment 3 Grading Criteria
Defined the issues that are important for your
organization to understand better as a function of time,
scope, and other decision variables. Identified the major
stakeholders (or actors).
Identified and discussed at least twenty key forces that
would be shaping the future from the perspective of the
issues defined in the first task. Rated each force in terms
of its predictability and importance. Represented your
forces as points labeled F1–F20 on an X-Y diagram,
where the X axis represents the Predictability index and
the Y axis represents the Importance index.
Identified trends that might affect the issues of interest.
Discussed how each trend will continue to exert an
influence on the future. Identified and discussed key
uncertainties.
Selected the two most important key uncertainties and
represented possible outcomes in a two-by-two matrix
where each dimension is represented by one uncertainty
with two possible outcomes. Developed each of the four
scenarios by incorporating outcomes from other
uncertainties and key trends. Refined the scenarios by
addressing internal consistencies.
Explained how you would revisit your scenario-planning
procedure and use your scenarios to devise strategies and
test them to address the full range of scenarios.
Maximum
Points
20
Earned
Points
10
20
40
40
20
40
20
40
20
CLOUD-BASED ONLINE HOSPITAL APP WITH VIRTUAL REALITY FUNCTIONALITY
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Submitted a paper adhering to APA style and
demonstrated graduate-level writing skills and
information literacy.
Total:
20
10
200
100
\Strategic Issues
Numerous issues arise while using this technology. The first issue to understand as a
function of time is the changing cost of technology (Moreno-Vozmediano, Montero, & Llorente,
2013). As the organization expands, the cloud computing platforms will attract more traffic and
utilization. In this respect, the cost model is a function of time in that as time increases;
operational costs will increase. Therefore, the organization must identify how to balance cost
against the profit projections over time. The level of expertise needed is equally a function of
time. As the Cloud-based Online Hospital App attracts more users, the cloud platform will need
to be efficient to guarantee quality and positive user experience. In this regard, it is imperative
for the organization to understand how to scale the system to accommodate the increasing
demand. On the other hand, bandwidth issues will arise as the user traffic increases. It is
exceptionally essential to understand how to magnify the bandwidth in line with consumer needs.
Furthermore, a strategic plan is needed to aid the integration of the cloud computing App into the
overall business strategy.
Major stakeholders interested in these issues are the employees, customers, and the
regulators. The employees are the most critical stakeholders in that they determine the
performance of the App. They oversee its functionality. Thus they must have the needed
CLOUD-BASED ONLINE HOSPITAL APP WITH VIRTUAL REALITY FUNCTIONALITY
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expertise. The government is an interested major stakeholder as it establishes the IT policies and
regulation that govern cloud computing (Badger, Bernstein, Bohn, De Vaulx, Hogan, Iorga, &
Sokol, 2014). The business has to comply with the all government policies to mitigate risks. The
customers are interested parties in that they expect exceptional and quality service. Poor service
will cultivate dissatisfaction and ultimately, lower retention rates.
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The 20 Key Factors that Shape the Future of the Technology
This section has evaluated 20 factors that will shape the technology and the organization
in the future. The analysis will rate the factors on a scale of 1-5 where is 1 either predictable or
important. On the other hand, a rate of 5 will mean very predictable or very important.
➢ Taxes – taxes will influence the cost of the technology (Predictability: 1 ; Importance:
5)
➢ Regulatory compliance – the government might subject the technology to more control,
thereby making its use in specific regions difficult (Predictability: 2; Importance: 4).
➢ Foreign policy – trade sanctions in some countries will limit international reach
(Predictability: 1 ; Importance: 2)
➢ Legal issues – the different legal regimes across nations will influence the level of
technological adoption .The different regimes make compliance difficult and costly
(Predictability: 1 ; Importance: 2)
➢ Consumer law – some countries such as the USA, Canada, and UK have strict laws
(Predictability: 2 ; Importance: 1)
➢ The health and safety laws in certain countries might frustrate the product
(Predictability: 2; Importance: 5)
➢ Population growth – rising global population, is a positive outlook in that the technology
will target a broader consumer base (Predictability: 5 ; Importance: 5)
➢ Consumer lifestyles – Migration into online platforms is a positive force in that the
service will have a broader market to target (Predictability: 2 ; Importance: 5)
CLOUD-BASED ONLINE HOSPITAL APP WITH VIRTUAL REALITY FUNCTIONALITY
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➢ Beauty norms – The social media has altered the perception of the self. Therefore, more
people will seek advice on beauty products. In this respect, the technology is highly
relevant in the age of social media (Predictability: 2; Importance: 5).
➢ Age distribution – the more significant proportion of the global population, is comprised
of the youth. This aspect gives the technology a guaranteed market to target in the future
(Predictability: 5; Importance: 3).
➢ Employment – the rate of employment is a key macro environment factor. Higher levels
of employment give people higher incomes. That is, better employment rates in most
market jurisdictions will likely increase demand for the service (Predictability: 2 ;
Importance: 5)
➢ The popularity of the English language as the official business language will help the
product navigate communication challenges (Predictability: 5; Importance: 5)
➢ Ethical issues – the technology is associated with considerable such matters as privacy,
security and data protection. Ability to guarantee the ethical considerations will influence
the adoption of the technology (Predictability: 1 ; Importance: 3)
➢ GDP growth – the rate of the global GDP growth will affect the adoption and pricing of
the technology. Higher GDP growth will guarantee higher service adoption, and a
premium strategy can be used (Predictability: 1; Importance: 5).
➢ Recession – recession or economic stagnation in critical markets will suppress
technology adoption (Predictability: 2; Importance:1)
➢ Inflation – inflation is service adoption determining factor. Increasing inflation tends to
limit consumer spending power. Therefore, a lower rate of inflation is favorable
(Predictability: 1; Importance: 5)
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➢ Investment in R&D – The investment in the R&D is vital in developing better and more
efficient cloud computing software (Predictability: 3; Importance: 5).
➢ Technology incentives – technology incentives are vital as they motivate research in the
relevant areas (Predictability: 1; Importance: 5).
➢ The rate of technological change – The pace of technological change is a threat to the
stability of cloud computing software. Rapid change can affect long-term planning while
also adding considerable costs to the business (Predictability: 1; Importance: 5).
➢ Competition – the threat of entry in this sector is high. As such, the level of competition
will influence internal strategies (Predictability: 1; Importance: 5)
Graphical Representation
The diagram below is a graphical representation of the 20 forces. The X captures the
Predictability variables while the Y represents the Importance Index
Uncertainties vs Trends
6
Y-Predictable
5
1, 5
2, 5
4
4, 5
5, 5
2, 4
3
5, 3
2
1, 2
1
2, 1
0
0
1
2
3
4
X-Predictable
DF -
X - Predictable
Y - Important
5
6
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DRIVING FORCE
Taxes
1
5
Regulatory compliance
2
4
Foreign policy
1
2
Legal Issues
1
2
Consumer Law
2
1
health and safety laws
2
5
Population growth
5
5
Consumer lifestyles
2
5
Beauty norms
2
5
Age distribution
5
3
Employment
2
5
English
5
5
Ethical issues
1
3
GDP growth
1
5
Recession
2
1
Inflation
1
5
Investment in R&D
1
5
Technology incentives
1
5
The rate of technological
1
5
4
5
change
Competition
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Key Trends and Uncertainties
This section will discuss various trends and uncertainties in the cloud computing sector.
The popularity of hybrid cloud computing is gaining momentum. This form of cloud computing
combines two service models for optimal functionality. This trend will affect the company as the
demand for more agile expertise will rise. More experts will be needed to enhance service
delivery. Another direction is the heavy focus towards quantum computing. Firms are already
repositioning to adopt quantum capabilities through cloud computing (Ashok, 2018). This trend
will exert pressure on the business in that it will add more costs to the company particularly in
the medium term. The third trend is the growth of Function-as-a-Service and serve-less. This
trend means that users will not have to worry about resource management. This trend is vital to
the organization as it will lower the cost of operations.
A particular uncertainty is user disbelief in the ability of the providers to guarantee
quality. Users have privacy issues that might affect product adoption. Another risk is the
potential information theft by malicious entities. Other forms of concerns include data transfer
rate, processing time and system reliability (Tchernykh, Schwiegelsohn, Alexandrov, & Talbi,
2015).
Matrix Analysis
Uncertainty 1: Privacy Issues
Potential outcomes
-Beach of Privacy
-Data theft
Uncertainty 2: System reliability
Potential outcomes
-Inaccessible service
-Poor user experience
Results from other uncertainties
-Poor processing times
Low data transfer rate
1. Scenario-Planning Procedure
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The area that warrants a revisit is the step that discusses the plausible scenarios. In the analysis,
two critical scenarios were identified as well as the potential outcomes. If I revisit the step, I will
identify how each situation will add value to the organization. Also, I would explicitly identify
the constraints and obstacles that define the possible solutions. The potential privacy issues will
be prevented by always encrypting data at all times. Besides, data safety will be guarded using a
range of data loss prevention tools. The organization will employ a variety of software testing
methodologies to test whether data protection tools are useful. On the other hand, system
reliability will be guaranteed through the use of powerful computing tools. The system will rely
on a 5GHz bandwidth to enhance the processing power. The authenticity of the system will be
tested using consumer surveys.
References
Ashok, A. (2018). Four Trends In Cloud Computing CIOs Should Prepare For In 2019.Retrieved
from https://www.forbes.com/sites/forbestechcouncil/2018/07/05/four-trends-in-cloudcomputing-cios-should-prepare-for-in-2019/#7d5b69c34dc2
Badger, L., Bernstein, D., Bohn, R., De Vaulx, F., Hogan, M., Iorga, M., & Sokol, A. (2014). US
government cloud computing technology roadmap. US Department of Commerce, National
Institute of Standards and Technology.
Moreno-Vozmediano, R., Montero, R. S., & Llorente, I. M. (2013). Key challenges in cloud
computing: Enabling the future internet of services. IEEE Internet Computing, 17(4), 18-25.
Tchernykh, A., Schwiegelsohn, U., Alexandrov, V., & Talbi, E. (2015). Towards Understanding
Uncertainty in Cloud Computing Resource Provisioning. Procedia Computer Science.
Activity 4—Investing for the Future
This week, you will continue developing your project research and analysis on the emerging technology
topic you selected in Activity 1. You will continue to gather information sources from the University
Online Library and the Internet to develop your bibliography.
For this assignment, you will use an options framework for the emerging technology you chose. The
notion of real options pertains to tangible assets, such as capital expenditure, rather than financial
instruments. Some examples of real options include the flexibility to defer making a decision; expanding,
modifying, or contracting a project; investing in R&D with the intent to create new opportunities; and
acquiring new technologies. Therefore, a real option is an actual business outcome that is valued in
terms of strategic choices that an organization may gain by making specific decisions.
Tasks:
Utilizing the concepts introduced this week, address the following tasks pertaining to your project topic:
•
The real option framework is based on the view that all decisions are options decisions in the
sense described above. First, you will need to refine your organization’s profile, that is, whether it is a
product-oriented or service-oriented company, what its size is, what its financial state is, and what its
competitive posture is in the industry where it operates. Then, identify and explain some typical
decisions that could apply to your organization in conjunction with the adoption of your selected
emerging technology and that have the potential to derive real options.
•
Select one decision that you would like to tackle that you believe has the greatest potential for
creating real options. Analyze your decision using a hierarchical decision-tree structure to represent
opportunities for managerial decisions through several levels. The branches of your decision tree will
capture the decision alternatives and associated outcomes at each level, starting from the single root
(your initial decision). Recognize and discuss all possible subsequent decisions captured in your tree
from which value-adding real options can be derived. Constructing your decision tree may force you to
refine your set of assumptions for your organization. See the figure provided in in this week's
Supplemental lecture, Decision Tree for an example of a decision tree.
•
Address the valuation process of your real options. Discuss the potential benefits associated
with the strategic choices that you identified through your decision tree. Examples of value-adding
aspects are increased revenue associated with the successful commercialization of your selected
emerging technology, strategic positioning creating opportunities for a competitive advantage, and an
expanded knowledge base that can be leveraged for future decisions. Include the investment costs
associated with the decisions in your analysis.
•
Describe a process for implementing the real options you arrived at via your decision analysis for
your chosen emerging technology. Specifically, analyze how the organization will monitor progress in
conjunction with the decisions, how it will test and update assumptions made in deriving the real
options, and how it plans to exercise the options.
•
Consider the proposition that knowledge-based firms tend to have high Price-Earnings (P/E)
Ratios, low payout ratios, and low debt/capital ratios. Discuss how these financial notions apply to your
organization's adoption of your selected emerging technology. Also, discuss the possible justification for
synergy and diversification.
Instructions:
•
•
•
•
Research Paper in in APA format. Plagiarism is not acceptable. (Please consider this
top priority).
For Activity 3 complete instructions are attached. All instructions or tasks must be
addressed.( Try to address all the information specified in each task )
Activity 3 is minimum 4 to 5 pages.( and reference page)
Paper must be included all the references and in-text citations. The references must
be peer reviewed empirical journal articles. Not older than 3 years.