Lecture Post: Databases

My entrepreneurial idea was to create an importing business of international products that create a relationship between the manufacturers of a country to a local non-profit organization unique to that country. That way the developed countries can help the developing countries build their business to benefit a larger whole, economically.

Databases will be of frequent use in order to successfully manage this business. All manufactured products, sales, locations, prices, clients will be recorded in databases. As the business grows, we will have a vast amount of information that needs to be accessible to employees with  one click, or to operations managers or to business analysts, so that the progression is easily observable. This will not only help us stay organized but it will make every process of our business run smoothly. A business which primarily run over the internet, or broad communication spheres, a place where all the business information is accessible is crucial.

Databases can help us answer questions and be valid in our case points since we will have written records of every transaction. Within a database there will be other folders which will help us separate information so that we can view what we need to view and not confuse every data piece altogether. After doing the Access lab, I realized that from the database we can create quick imagery of a report that we would like with specific constraints. Often times we want to see a certain kind of progression in only a certain sector of the business, such as only products that are made with fabric. Through the databases of our business we can quickly create a report for all products made of fabric and not go through every single product individually.

In matters of constant product manufacturing and sales, which happens with online stores rather than physical stores, we won't have a control of when the store is open, when consumers are active around the world or when a product goes out of stock. Therefore, a database will help us stay calm in the midst of this very active business. There might be errors but at least we will have an account for every action being taken in the business. There are also security measures that can taken with databases which can control user access and that is very important because then we can divide each sector of the business with access to only certain information; not to hide something, but to keep everything straight and give specific management roles to employee teams.

Final Post

My entrepreneurial idea was to create an importing business of international products that create a relationship between the manufacturers of a country to a local non-profit organization unique to that country. That way the developed countries can help the developing countries build their business to benefit a larger whole, economically.

When first thinking of an entrepreneurial idea, I didn't take into account any technology. My idea evolved around a vision for a business that I would like to see. As we progressed through this project, starting from the meeting with our TA, I started to incorporate what we learned about all the areas of technology usage today. Starting from hardware to social media, I realized that no matter what the business, it could highly benefit from using technology. It can grow faster since technology barely presents any geographical barriers for diffusion.

My business has become very modern with the idea that it is meant to benefit people from the third world or developing countries who are mostly living in backward societies. This business will not only be giving opportunities to those people to expose their manufacturing potentials to a bigger client group but it is also bringing technology, education, jobs and ideas to those societies. Since now I can use several aspects of technology such as cryptography, cloud computing, social media, etc., there is the courage for the business to spread more confidently around the world. This business and many new businesses can get a really strong start thanks to technology.

In order to bring this entrepreneurial idea to life, I would have carefully select the product manufacturers and the non-profit organizations. Then form a business deal between them and me, along with legal papers. I would have to set up centers in the various countries where there will be a team of employees who will be taking into account all manufacturing data, monetary transactions going in and out from that country. Then I would advertise what we have set up so far. I would use social media, and local news sources to disperse the information about the non-profit organizations that we are building this business for and the unique culture based products that are being manufactured in a foreign country, that is easily accessible to anyone who would like to buy them.

Developing a very organized, detailed and aesthetic website is crucial to this business because it will sort of be the face of the company. Since this business will have a vast group of members, no one can personally advocate for legitimacy, quality, etc. Thus the website will be the main salesperson who will have to attract customers and campaign for the business. As the word of this company spreads, there might be other business in foreign countries who would like to join the partnership, or a government of a country might reach out to us in order to somewhat benefit their economy or their worldwide representation, through our company. So in order to keep all these business interactions in order, we need the software and hardware that will primarily do the job for us. A well developed database of gathered information to secure accuracy, is also necessary. Soon we will have to take bigger security measures since we will be involving various organizations and continuous monetary transactions will be going on. The basic positions in a business is definitely required for this company, but we will also need technology proficient team members who will be willing to learn new ways and also be able to teach other employees so that we can always adapt to newer technologies in order to improve our business, keep it safe and be financially successful and at the end, actually make a significant impact on the countries that we are working with.

Lecture post: Cryptography

My entrepreneurial idea was to create an importing business of international products that create a relationship between the manufacturers of a country to a local non-profit organization unique to that country. That way the developed countries can help the developing countries build their business to benefit a larger whole, economically.

As discussed previously, most of the transactions and business collaboration of this entrepreneurial idea will be accomplished over the internet through cloud computing and specialized software. It will be crucial to the company that we incorporate cryptography into our computing infrastructure. It should be the first step to building our information database and putting it on the cloud. From the very start we need to make sure that account access is limited, that access requires careful security measures for employees, and that it builds a trustworthy technological foundation for all of us. 

Cryptography will help the company create secured accounts that are specific to every individual involved with the company. It will include passwords, information access permissions, occasional security checks to ensure validity of user. Since it will be a very broad company involving people from all over the world, we have to take extra security measures which will take into account the fact that employees could be attempting to work on the cloud account from any location. It has to be permissible of that, but very strict at the same time. 

Cryptography will also come into play in the interactions with our clients. As monetary and product exchange will be made over the internet, we have to ensure our clients that their information is completely secured and that they will receive the products exactly as they chose them. Cryptography will create the safe pathway for our company to receive our clients' payments without any suspicious interruptions. In order to run thousands of transactions per day, smoothly, we have to take the precautionary step of cryptography at the very beginning and then perfect it as we go but it is definitely a must-do to run a successful business over the web of a thousand connections from all around the world. 

Lecture Post: Networks

My entrepreneurial idea was to create an importing business of international products that create a relationship between the manufacturers of a country to a local non-profit organization unique to that country. That way the developed countries can help the developing countries build their business to benefit a larger whole, economically.

Networking accuracy and fluent connectivity is very crucial to running an international businesses. All our transactions, exchanges of ideas and employee collaboration will depend on how well we are able to connect to the network of the stations in each country that they business is situated in. In order run the business without any interruptions, we will need to have constant access to our servers which might contain client information or product information.

This idea will be mostly based on the internet, thus it is important that our clients can access our large collection of products through our website. If our networks cannot connect, we can't update our website and online collection and our clients won't be able to view our collection when they are updated. To create a website we will need a domain name which will be stored in the Domain Name System. In case something goes wrong our IP address, we will need to be able to access the DNS server to retrieve our address. 

The working foundation of this business will be the network. We will have a vast collection of computers connected to this network in order for us to stay connected. We have to constantly exchange information and data, thus it is important that our network is highly secured. In the midst of so many computers connected to one network, there could be a device connected, that isn't supposed to be. All the accounts and plans are put on the cloud by sharing them via a network. This makes it easy for businesses to run without employees and clients ever having to meet each other and it saves time.  

Blogger Review

http://thenextweb.com/

Their team consists of editors from Latin America, Asia, Europe, China, East coast, UK, Canada, San Francisco along with managing and graphics editors. 

This blog or online publication is a collaborative work of international writers who report on technology in terms of its progress, business and culture in various international settings. 

The blog is very nicely polished. It's organized and they have their own logo for every video. They have an announcements bar on the top. Their headlines for the articles are captivating and gives a good feel of the article so this website serves as a good technology news site. Their posts are written in very formal news style. They provide facts and sources to verify their text. This blog could be trusted for real news on technology. It appears as though they constant update their blog with the latest news, as their posts are just a few hours apart. They have a search bar which is perfect for consumers who are trying to find recommendations for a product. All their posts are categorized by the country region and field of focus such as mobile, business, media, etc which makes navigation through the blog very efficient. 

Lecture Post: Cloud Computing

My entrepreneurial idea was to create an importing business of international products that create a relationship between the manufacturers of a country to a local non-profit organization unique to that country. That way the developed countries can help the developing countries build their business to benefit a larger whole, economically.

A business that is greatly dependent on international relations and exchanges, can largely benefit from cloud computing. My business and cloud computing would come together to achieve successful collaboration, efficient work flow and smooth diffusion of intra-company knowledge. In fulfilling the purpose of this business, we will be building a large web of manufacturers and consumers all over the world. If we can get all our words out to each other with maximum clarification and rapidly, it would keep our business organized. 

Collaboration between manufacturers could be achieved through cloud computing software such as Google Docs. Here the employees all around the world who are assigned to oversee each manufacturing company, can post updates on finances, product counts, issues, suggestions for improvement and ideas. This could promote a rise in employment in the developing countries and also give us, in the USA, a perspective on how the business is working out from the other end. 

In creating an internationally collaborated business we have to take into consideration the time difference and the conflict in communication that brings. With cloud computing, all the information of the business can be put in one place that is easily accessible by all employees and they don't have to wait in odd hours to exchange information. Everyone would be working at their normal business hours. They can start discussion board conversations if they need some input from various employees or they can leave messages. Project documents can be prepared and the certain role can be fulfilled by one employee on time and easily another member of the project can make the changes necessary, and no one has to wait on each other for a response. 

Cloud computing is very essential for the business idea that I proposed because it very web based. The fastest method of communication these days no matter how close the locations are, is through internet cloud computing software. A challenge thus would be the lack of internet access in some regions. However, if we are able to establish a functioning business somewhere, I'm sure we can also set up some sort of internet connection. 

Competitive Analysis

My entrepreneurial idea was to create an importing business of international products that create a relationship between the manufacturers of a country to a local non-profit organization unique to that country. That way the developed countries can help the developing countries build their business to benefit a larger whole, economically. 

http://aroundworldstore.com/

The Around The World Store also has products imported from countries where manufacturing costs are low, such as Bangladesh. It is easy to bring culturally unique items from other countries because they are easy and cheap to make by the people in those countries. However, since the labor cost is so cheap, only the business owners are benefiting from the sales of these products. The difference in my business would be that the profit that the markets back in Bangladesh make, definitely has to help a non-profit organization. Thus we won' be taking advantage of the ease of bring unique imported items for cheap and making a big market here.

http://www.tenthousandvillages.com/

A big fair trade retail organization is Ten Thousand Villages. They sell handmade products from developing countries and sell them directly to consumers so that the manufacturers of the products, which are usually underprivileged workers, get full profit for their work as they are full deserving of it. This organization is similar to my idea of helping from a humanitarian perspective through business, but it has a simpler structure. Ten Thousand Villages is more simple because their goal is simple, and it is easier to make sure the manufacturers get the full payment for their hard work than to make sure that the international market in the developing country is making the promised monetary contributions in return of their business in a developed country. 

Based on these observations of existing business that are similar to my idea, I think my approach needs more solid planning because there is a lot of regulations involved with the exchange of money and then to involve a non-profit organization. However once the legalities are taken care of and after once cycle of imports, sales and monetary distribution, it might be easier. 

Lecture post

My entrepreneurial idea was to create an importing business of international products that create a relationship between the manufacturers of a country to a local non-profit organization unique to that country. That way the developed countries can help the developing countries build their business to benefit a larger whole, economically. 

Social media would be the most beneficial technological method of promoting this business because it brings together the entire world the fastest. To spread an action is very easy through social media. By advertising on Facebook, Twitter or Tumblr we can gather local businesses of other countries who we may not know but they can reach out to us. By the number of ‘Likes’, ‘Shares’, ‘Retweets’ and ‘Reblogs’, the business could be greatly endorsed.

When the business is first starting out, the most effective way to show off our first accomplishments would be through social media. The business would probably be on a budget and social media is basically free advertising. If there is a non-profit organization in need of help, and someone knows of it, they can connect them with us. 

Entrepreneurship post

In order to advocate business at an international level that also benefits people in need, internationally, I would like to see a company come to life that will help the individual countries join hands in profit and non-profit exchanges. Markets unique to the countries can have the opportunity to spread their business abroad but under the condition that we all together help a non-profit organization specific to the country with our profits. 

For example, there is a well-known store in Bangladesh called Aarong and majority of their products are handmade. They have a branch in London, England as well. After converting the currency and balancing the price of the products, the profit that arises from consumption in an industrial country could give Bangladesh more money and enough money to spare for a non-profit organization such as Jaago, which helps underprivileged children with their education and health. 

This will not be like fair-trade because we won't be using the profits to fairly pay the manufacturers because these products don't even require difficult labor. The problem that I want to solve with this entrepreneurship idea, is that there are expensive businesses in developing countries that have great potential and are already highly successful economically but the surrounding community of their locations are suffering economically. These businesses could spread their business internationally and also create relationships between the industrial and developing countries in terms globally serving for the public good.