Question

In: Operations Management

In networked world dominated by the GAFAM (Google, Apple, Facebook, Amazon and Microsoft) and BATX (Baidu,...

In networked world dominated by the GAFAM (Google, Apple, Facebook, Amazon and Microsoft) and BATX (Baidu, Alibaba, Tencent and Xiaomi) tech giants it is better for new tech start-ups to either plug-in, or partner with them instead of competing head-on or differentiating.Develop a viable, ethical, legal, and profitable E-commerce business idea for the Pakistani market that integrates and uses specific AI enabled technologies and VR / AR platforms offered by GAFAM and BATX by using either plug-in, or partner strategy.

subject E-commerce

Solutions

Expert Solution

Tourism is a sector within Pakistan that showcases a lot of potential, be it in terms of bringing in domestic or international visitors. Pakistan is rich in terms of heritage and history. It has a lot to offer in terms of beauty and scenery. But there are a lot of impediments that stays in the way. These impediments consists of political, economical, social and technological factors. However, with the availability of the technological capabilites that we have, it is possible to overcome all of these barriers.

Holiday-PK is such an idea that aims in promoting the tourism and hospitality industry in Pakistan. It aims in promoting stays, hotels, resorts, cultural centres, museums, sanctuaries and so on. A potential traveler from any country will be able to gain access to information regarding the hotels, resorts, cultural centres, shows and live event, tourist places and a lot more within the country. First hand information in the form of augmented reality and virtual reality enabled services will be available to the user. The services will be provided via the Holiday-PK app or Holiday-PK website.

Hotels,resorts as well as other destination can register with the app. The app will showcase the places to the user and the user can navigate through the website and identify the places, hotels or restaurants that he would like to visit or gain information on. He can book rooms in hotels or resorts or book events and shows as well.

Customers can gain access to the basic plan(the PK- Air) and the premium plan(PK Gold) that charges a fee of 5 USD per month and offers various features like AR visuals that enables the user to view various places and destinations in augmented reality as well as virtual reality. The basic plan will have certain AR features, but limited. The premium plan also enables the user to participate in contests and will have reward points based on the travels they have booked. There is also an annual plan of 39.99 USD which will help a user to save money on premium services. All the customers will be screened properly.

Hotels, inns, resorts and others can use the free service or utilize the premium services for a fee. The free services are available for small hotels exclusively only. This is to promote small stays and hotels, offering customers affordable options and at the same time offer customers affordable options as well. The premium services will offer extra benefits such as being featured in the recommended list, latest updates and discounted ads. All the parties will be screened as part of the registration process and will have to comply with various policies and terms of Holiday-PK.

Holiday-PK can expect to gain a lot of revenue in the form of online ads showcased in the web or the app. The more popular the app becomes, the more they can expect to earn. The business will be in partnership with google.  The platform, the AR/VR services and all other capabilities will be provided by google. Google will provide the technology, while the marketing ideas, operations and HR will be the domain of Holiday PK's. Investment will be joint. Due to PESTEL(Political, Economic,Social, Technological, Environment and Legal) factors, it will be a good strategy to let Holiday-PK manage the operations and marketing, while google can concentrate on the technology side of the business as well as the strategies. Holiday PK will have the knowledge of the Pakistani tourism industry and will be in touch with the local businesses, the do's and dont's in Pakistan and other business strategies. This expertise will be helpful in continuing the business forward.

The ultimate aim of the firm will be to provide top class travel recommendations and accomodations and help the client from the start to the end ,including addressing customer grievances and act according to it. This inlcude the best place, the affordable places and a variety of places to visit. The customer will be able to get a preview of the destination or the place of accomodation in the form of customized virtual reality and augmented reality experiences, including staff interaction.Even the basic plan users will get a taste of this experience.It will ensure that only the safest places are included in the list and the customers are well-screened to make sure that the holiday providers will not have anything to worry about as well. The app and website will be available worldwide.


Related Solutions

Is It Time To Break Up Amazon, Apple, Facebook, or Google?
Is It Time To Break Up Amazon, Apple, Facebook, or Google?
The five largest tech companies (Google, Apple, Facebook, Amazon, Microsoft or GAFAM) now make up 20%...
The five largest tech companies (Google, Apple, Facebook, Amazon, Microsoft or GAFAM) now make up 20% of the S&P 500 (the market portfolio). This problem aims to quantify the consequence of this increasing concentration for investors. We assume that the entire security market is made of only three types of assets: a risk-free asset (rf = 3%) and two risky securities G (a portfolio composed by investing in the ve GAFAM stocks) and B (a portfolio composed by investing in...
The five largest tech companies (Google, Apple, Facebook, Amazon, Microsoft or GAFAM) now make up 20%...
The five largest tech companies (Google, Apple, Facebook, Amazon, Microsoft or GAFAM) now make up 20% of the S&P 500 (the market portfolio). This problem aims to quantify the consequence of this increasing concentration for investors. We assume that the entire security market is made of only three types of assets: a risk-free asset (rf = 3%) and two risky securities G (a portfolio composed by investing in the five GAFAM stocks) and B (a portfolio composed by investing in...
The 5 stocks are as follows: Microsoft, Amazon, Macy’s, Facebook, and Apple. Create a portfolio that...
The 5 stocks are as follows: Microsoft, Amazon, Macy’s, Facebook, and Apple. Create a portfolio that invests 24% of $1 million in company A, 22% in company B, 20% in company C, 18% in company D, and 16% in company E. What is the buy-and-hold return (HPR) for each of the 5 stocks and for the portfolio during the last calendar year (2018). This means you are buying on Dec 31, after markets close, and selling on Dec 31 of...
The stocks are as follows: Macy's, Microsoft, Amazon, Facebook and Apple. Create a portfolio that invests...
The stocks are as follows: Macy's, Microsoft, Amazon, Facebook and Apple. Create a portfolio that invests 24% of $1 million in company A, 22% in company B, 20% in company C, 18% in company D, and 16% in company E. What is the buy-and-hold return (HPR) for each of the 5 stocks and for the portfolio during the last calendar year (2018). This means you are buying on Dec 31, after markets close, and selling on Dec 31 of the...
Article: Tech Giants Rethink the Businesses That Made Them Big Facebook, Apple, Amazon and Google are...
Article: Tech Giants Rethink the Businesses That Made Them Big Facebook, Apple, Amazon and Google are seeking out new places to disrupt, but analysts say future ventures will likely be costly Where does Microsoft figure into this?
!) Select a prominent public company, such as Apple, Google, or Microsoft. Obtain recent annual reports...
!) Select a prominent public company, such as Apple, Google, or Microsoft. Obtain recent annual reports and news articles about the company. Using that information, develop a strategy map that describes the company’s performance. Start by defining its value proposition, and then identifying key business processes that deliver that value proposition. 2) Use the company that you selected for Problem 1. Identify examples of its learning and growth efforts and explain how those might affect its business process performance.
Technology Oligopoly Companies like Amazon and Facebook and Google are so dominat that really have very...
Technology Oligopoly Companies like Amazon and Facebook and Google are so dominat that really have very little competotin . Even when new companies like Zappos and Diapers. com threatenetd it Amazon bought up both companies. Facebook did that with WhatsApp and Instargram. Is that healthy competion or monopoly/ oligopoly power? Discuss
topic : Facebook,Google, Amazon 2. Are low prices a sufficient justification for broad horizontal and vertical...
topic : Facebook,Google, Amazon 2. Are low prices a sufficient justification for broad horizontal and vertical integration please discuss with an example? 3. Do "natural" digital monopolies require us to rethink antitrust guidelines that date back to the era of Standard Oil?
Marge owns three stocks: Apple, Google and Facebook. She expects the price per share of each...
Marge owns three stocks: Apple, Google and Facebook. She expects the price per share of each stock one month from now to be 120, 60, and 60 dollars, respectively. An analysis of the returns to holding these three stocks shows that the monthly standard deviation of the price per share for each stock is 10, 8, and 8 dollars, respectively. This same analysis also concludes the covariance between the price per share of Apple stock and the price per share...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT