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MAXIMA is a door locking smart electronic set that would truly blow your mind. It's the ultimate solution that will turn trouble-free door-locking and guaranteed home security into a reality!
MAXIMA is a door locking smart electronic set that would truly blow your mind. It's the ultimate solution that will turn trouble-free door-locking and guaranteed home security into a reality!
MAXIMA is a door locking smart electronic set that would truly blow your mind. It's the ultimate solution that will turn trouble-free door-locking and guaranteed home security into a reality!
Name Yian Ren NetID yren636 Group Number: 001 Website Link: http://infosys1102014fcgroup001.blogspot.co.nz/ Tutorial Details Tutor: Day: Time: Kayur Ramson Monday 12pm Time Spent on Assignment: 25 hours Word Count:
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2 MAXIMA DOOR-LOCKING DEVICE INTRODUCTION Do you often get frustrated when you realise that youve forgotten to lock your doors? Do you know that improperly locked doors can pose a huge safety issue to you, your loved ones ad your property?(Electronic Security Association, 2014) In fact, we have identified this issue and we not only acknowledged the extent of the problem, but we also came up with a solution. MAXIMA is a door locking smart electronic set that would truly blow your mind. Its the ultimate solution that will turn trouble-free door-locking and guaranteed home security into a reality! 3.BUSINESS SECTION 3.1 Vision Our vision is to simplify door-locking and facilitate prompt reaction to threats to house safety for all home owners around the world. 3.2 Industry Analysis: Electronic door-locking devices industry Industry: electronic door-locking devices industry. The industry is electronic door-locking devices industry (contact-less locking). Force: High/Low: Justification: Buyer power: Low Buyers dont have a lot of choices. Currently, there are only about 5-8 providers of electromechanical door- locks.(Ha,2013) Supplier power: Low Raw materials such as metal strips, wires and hardwares etc. for electronic locks are relatively attainable. There are also many suppliers for software technologies who could work on developing the software necessary for electronic locks to work with an app.
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3 Threat of new entrants: Low The creation of electronic door locks incoporates intricate designs of new softwares, including unique commincation channels between phone and lock. Both technology and time are required to integrate existing door systems and have new feature initiatives. Therefore, currently there are strong entry barriers. (Ha, 2013) Threat of substitutes: High Older customers or the neophobic might prefer traditional locks and keys over electronic locks. There are many different types of traditional locks which are currently used by the majority of society. Rivalry among existing competitors: Low There are about 5 to 7 existing competitors on the market right now , each of which provides a electronic/electromechanical lock.Those products are new and many are still under going developments. Companies compete by offering different designs. Overall, the rivalry among existing competitors is fairly low given the number of competitors and their relatively differentiated functions.(Derene, 2013). Overall attractiveness of the industry: In general, the electronic door-locking devices industry is an attractive industry to enter. 4 of the 5 Porters forces are low. The industry has low buyer power due to limited choices andlow supplier power the amount of technology and raw materials are easily attainable. Threat of new entrance and rivalry among existing competitors are also low. Only the high threat of substitute is unfavourable, which is due to peoples attachment with traditional keys and locks. However, this can be overcome by the convience and new feature iniatives of our product, which would become a competitive advantage for us. Overall, the industry is attractive. 3.3 Customers and Thei r Needs
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4 MAXIMAprovides convience to forgetful customers and safety assurance to all homeowners. Therefore, we will target a wide segment of the market. Firstly, in terms of convience, busy commuters, working professionals who have limited time will be benefited. Secondly, anxious housewives or senior people who prefer more assurance would be attracted by the multi-functions of the product. It would give them a sense of security as well as provide them with convience.By ensuring that all doors are locked, MAXIMA would significantly decrease burgulary events and achieve our vision, to benefit all home owners around the world. (Metropolitan Police, 2010) 3.4 The Product and Service The product consists of a mobile app and a gadget. The gadget uses sensors and chips to enable remote control of all the doors of the owners house. It also sends messages to the owner via its corresponding app on the smart phone in event of an intrusion. The app provides the owner with access to other house security systems whenever and whereever, to monitor the house (i.e authenticate risk by checking the security camera tape immediately after alert message has been sent). MAXIMA significantly reduces time spent on locking doors in the house, minimises risk of being burgled and also enables fast reaction to burgulary, increasing chances of recovery to valuables. 3.5 Suppliers and Partners Software engineering is vital for the products success. A supplier such as Beyond Services Limited would have the electronical technology expertise to be able to develop, programme the software, enhance flow and provide constant updates to the product. Another supplier such as LG Electronics could manufacture the hardware part and implant data transmitters within the gadget to enable data-syncing between the two parts. A partner could be advertising agencies such as Fairfax Media NZ who provides publications and websites throughout New Zealand. By partnering with them, our product will be able to reach more people.(Fairfax Media, 2013) LG electronics can also be a potential partner. As they manufacture many electronic products, MAXIMA could negotiate with them to become
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5 a potential add-on product for consumers. This would allow MAXIMA to increase publicity. Sales could increase as the product becomes more attractive and reliable to customers. 3.6 Strategy: Differentiation The competitive scope is broad as MAXIMA targets all house owners. Household safety is a priority for most people and the tendancy to forget locking doors also plagues many, so both the convience and safety assurance . MAXIMAs cost strategy is high cost. Currently, as an innovative new product, its cost of production is high due to a large amount of labour, time and technologysuch asextensive software engineering are required. A focus on quality would be emphazised, and will be the competitive advantage. The overall strategy is therefore Differentiation. 3.7 Value Chain Activity: Technology Development (R&D) The most important value chain activity for this business is Technology development. Technology development is crucial for the business to succeed as thats what delivers value to customers and forms the business competitive advantage. The value chain activity aligns with MAXIMA visionas well as its competitive strategy, differentiation. R&D allows MAXIMA to constantly improve its quality in order to guarantee convenience and safety. Therefore, technology development is an important value chain activity that allows MAXIMA to deliver value to customersmaximise their satisfaction, and in turn generate profits. 3.8 Business Processes 3.8.1. LOCK PROTOTYPING PROCESS This fundamental process is allows MAXIMA to use different information from different customers door types to ensure the final product is user-friendly. The process entails designing and making prototypes, collecting feedbacks from customers and then constantly improving it until it can be manufactured in large quantities. The process ensures the quality of the product and determines whether our product has a competitive advantage and can deliver value to customers thus helping the firm to generate profits.
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6 Start Segment the market and research different door types, alarm systems. Produce prototypes for each type of lock and accompanying app . Research and development department Research and development department Test prototypes practicability Data management system Good Disperse a batch of prototypes to customers and collect feedbacks. Determine whether changes are required. Yes Redesign or improve existing designs NO End Discard design Bad Design MAXIMA (app and gadget) that enables linking with the home alarm systems. Product is ready, send to manufacturer
3.8.2. DEBUGGING PROCESS Debugging is crucial for the business as it ensures constant renewal and fixing of faults in the product. It entails conducting market research to ensure the quality and value of the product. Through researching, debugging allows the enhancement of the product and allows the business to adapt to any new needs that came up. This process would maintain the value of the product, retain customers and helps the business to capture value by generating revenue and profits.
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7 Start Open existing software Scan and launch practise runs Can faults be predicted? Provide possible updates to the software No Job completion, repeat after 3 months. End Come up with a solution to fix the problem as soon as possible Yes Debugging Analysis System Software Engineering Department Receive fault report
3.9 Functionalities 3.9.1. LOCK PROTOTYPING PROCESS Collect information from customers through researching. Provide the ideal version of the product by choosing from different prototypes that best suits the customers. 3.9.2. DEBUGGING PROCESS Ensure proper functioning of smart lock by removing all causes of failure, predict faults.
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8 Ensure renewal of software and make sure that the product is usable and up- to-date. 3.10 Systems
3.10.1. DATA MANAGEMENT SYSTEM-The systemis used in the lock prototyping process.It increases efficiency by organising data collected from market researches, surveys and feedbacks into different categories. Collecting data is crucial for both making prototypes and also deciding on the right prototype at the end of the prototyping process. This aligns with MAXIMAs vision, which is to simplify door locking for all home owners. Thus it adds value to the business. 3.10.2. DEBUGGING ANALYSIS SYSTEM -The system is used to facilitate debugging as it keeps a record of past records of the updates that the system has gone through. It also automatically detects any updates that the current software lack. It reduces time spent on analyzing the current system and improves efficiency on ensuring proper functioning of MAXIMA. This would increase competitive advantage and help the business to achieve its vision. 3.10.3.CUSTOMER SUPPORT SYSTEM-The system innvolves keeping a record of the customer base and provide debugging, renewal and updates to all those who qualify. It reduces waiting time, which ensures customer satisfaction and would create value by keeping customers happy. Taking care of its customers would help the business increase revenue and profits.
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9 3.11. Summary Table: Value Chain to Systems
Value Chain Activity Processes Functionalities Specific Information System(s) Broad Information System(s)
Techonlogy Development (R&D) 1. Lock Prototyping Process 1. Collect information from customers 2. Provide the ideal version of the product by choosing from different prototypes that best suits the customers.
Data Management System Decision Support System 2. Debugging process 1. Ensure proper functioning of smart lock by removing all causes of failure, predict faults. 2. Ensure renewal of software and make sure that the product is usable and up-to-date.
Debugging Analysis system
Customer Support system Decision Support System
Customer Relationship Management system
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10 CONCLUSION MAXIMA electronic door-locking devices achieves its vision by brinig convience and assuring safety to customers. Its competitive strategy is differentiation. Thus to succeed and fluorish, it must focus on the value chain activity of Technology Development. Two important business processes that take place within this value chain activity include Lock Prototyping Process, that uses data management system to support the functionalities of information collection and final product decision. Another processes is the Debugging Process, which has debugging analysis and customer support systems that support functioning assurance and on-time updates. Overall, the practise of information systems is important for MAXIMA to prevail in the market and successfully create value to customers. REFERENCES
1. Electronic Security Association. (2014). Fast Facts on Property Crime. Retrieved from http://www.alarm.org/HomeSafety/FastFacts.aspx
2. Ha,P. (2013). Are Smart Locks Secure, or Just Dumb? Retrived from http://gizmodo.com/are-smart-locks-secure-or-just-dumb-511093690
3. Derene, G. (2013). Ditch the Keys: Its time to get a smart lock. Retrieved from http://www.popularmechanics.com/home/improvement/security/ditch-the- keys-its-time-to-get-a-smart-lock-16200140
4. Metropolitan Police. (2010). Lock before you leave. Retrieved from http://content.met.police.uk/News/Lock-before-you- leave/1260267439572/1257246745756 5. Fairfax Media. (2013). About Us.Retrieved from http://www.fairfaxmedia.co.nz/about-us/