Report on Drone Delivery Feasibility Analysis

CEO Executive Summary of on Processes and technologies for Carbon dioxide

            Recently, every business sector has been affected significantly by the outbreak of COVID-19 or coronavirus. It is important to recognise that the impacts have not been positive for companies. In fact, the effects of coronavirus have caused many businesses to close because of its spread. Since there is a high risk of its spread, people are not allowed to interact socially and they are advised to stay at their homes. In such a situation, many traditional businesses have experienced negative sales because they are unable to reach customers.

Although both the business sector and international economy have been adversely influenced by the coronavirus, it has also opened up new business opportunities. In this case, such a business opportunity is considered. The idea is to introduce delivery of food products through drones. The competitive advantage of this idea is that other companies and food producers have not considered this idea and they are not utilising it. It means that this idea is completely unique and it will place business at a special place in the market (Fernandes, 2020).

Markets of on Processes and technologies for Carbon dioxide

            Due to the outbreak of coronavirus, businesses are increasingly transforming their ways of reaching customers. For instance, there is a large number of organisations that have introduced their applications in the market for reaching them without physically being outdoors. They can access their services through the use of their applications. However, people are reluctant to have different food items and dishes delivered to them because of the spread of coronavirus. There are two reasons why people are not considering purchasing from external shops. The first reason is there is a chance that the person delivering the products might be infected with the virus. In addition to it, there is also a chance that the person cooking and making the item might also have the virus. These are the reasons why people are not ordering food from restaurants and other stores. It puts restaurants and similar businesses in a very weak position (Sirt, 2020).

            In order to resolve this issue, an application will be delivered which tells about the status of the cook. For instance, it will determine whether the cook is tested to be positive for the virus or not. In this manner, customers will be able to know that the person who is making their food is not infected with the virus and that they are not at the risk of developing the virus themselves by consuming the food. In addition to it, since drones will be making deliveries instead of people, customers will again not have to worry that their might be infected with the virus. Considering the fact that it is a completely new idea, there is no competition in the market.

Investment of on Processes and technologies for Carbon dioxide

            In order to develop “Airborne,” the application through which people will be able to have the food item delivered to their house through a drone, a team of developers is required. In addition to developers, there also need to be a project management for ensuring that deliverables are produced. There is also a need of marketing team that will be responsible for advertising the application and getting the attention of potential clients. Obviously, there is a need of HR manager for recruiting these people. In order to do all of this, a specific budget will be required which is set to be $300,000. This amount will be collected by collaborating with potential investors and making contracts with them. This is how the business will be funded.

Business Model of on Processes and technologies for Carbon dioxide

            A hybrid business model is considered for the business. For instance, since the business will purchase drones from other companies, it works as a retailer. Meanwhile, since the application will be developed and it will be sold, the business will also serve as a manufacturer. This is the business model and revenues will be created by selling “Airborne,” the application which enables people to check about the coronavirus status of people making food items for them and having these items delivered through a drone (Burns & Dewhurst, 2016).

Product of on Processes and technologies for Carbon dioxide

            “Airborne” is an application that enables people to view the coronavirus status of cooks making their food and it also allows them to have the food delivered to their house with the use of a drone. This is quite a revolutionary application because these days, people are not purchasing any food item and ordering it because they are not sure about the status of the person who is making these items in the first place. Since it is possible for an item to carry the virus as well, people hesitate to have it made and delivered through a person whose status is unknown. It changes with “Airborne” that allows people to be assured by order the food that they desire. Such type of an application has not been made before and it opens opportunities for both people and restaurants. People can order while being assured about their safety while businesses operating in the food sector can continue to do business regardless of being affected by the virus.

Potential Development of on Processes and technologies for Carbon dioxide

            As explained above, “Airborne” is a revolutionary application because of its unique aspects. In order to use this application, businesses will have to purchase the application and that is how customers will be able to find and order from them. Once a sale target of $100,000 is achieved in a year, new revenue streams will be created by expanding the business. “Airborne” will be marketed under the name of Innovation Inc. which has the objective of producing unique applications that serve both general audience and businesses. Hence, new applications will be developed once the desired sales target is achieved.

Learning Reflections of on Processes and technologies for Carbon dioxide

            Over the course of module, there are numerous new concepts and ideas that I have got to learn. Professionally, I have got to understand entrepreneurship in-depth and what aspects are necessary for a business to be successful. Personally, I have learned how to conduct research and collaborate with others for reaching mutual targets.

Marketing Director of on Processes and technologies for Carbon dioxide

Market

            Actually, the idea underlying “Airborne” is quite unique and it has not been implemented in any country at the moment. Therefore, this application can achieve success in almost any market where there are restaurants and they are not able to operate due to the outbreak of coronavirus. Still, the primary market for the application is USA or United States of America. There are numerous restaurants and they have been allowed to open for a short period of time. Still, people are not allowed to roam freely and there are restrictions on businesses as well.

            It means that local people of USA can utilise the application for ordering any food item that they want and it will be delivered directly to their homes through a drone. They do not have to worry about the fact that the person cooking the food item or delivering it might be carrying the virus because the application will enable people to check the status of cook. Considering the fact that the business is relatively new and there are not enough resources for covering the whole country, the primary location where the application will be available is New York. Locals of the city will be able to use the application as soon as it is launched and businesses have purchased the application (Wang & Liu, 2016).

Image of on Processes and technologies for Carbon dioxide

            Actually, a unique image is to be brought by “Airborne” to the market that encourages people and businesses to stay safe and operate in a sustainable manner. The outbreak of coronavirus has influenced every nation and due to it, numerous companies have run out of business. They are unable to reach their customers due to which there has been a significant loss in revenues. Therefore, there is a significant need of introducing a new mode of doing business which not caters to the needs of people but also helps businesses in making sure that they are able to reach their target audience. For instance, businesses operating in the food industry have been significantly influenced by the outbreak because people have stopped purchasing from outdoors.

            If this trend continues then a lot of restaurants will close because they will be unable to reach their target audience. Thus, the proposed application enables these businesses to operate in a safe manner and reach their customers while ensuring their protection. Therefore, it can be said that a secure and sustainable image is brought to the market by the application. It encourages customers to fulfil their needs about food items without having to worry about the spread of coronavirus. Meanwhile, it enables food businesses to reach their target audience through the use of drones which eliminates the possibility of virus being transmitted to customers.

Competition of on Processes and technologies for Carbon dioxide

            One of the major advantages of introducing “Airborne” that will be experienced by the business is that there is no competition in the market. After all, it is a completely unique idea and there are not many food retailers or restaurants that are indicating their status about the virus or delivering the food items through drones. It means that this will be the first application to ever actually introduce the concept of ensuring that people can check about the status of people serving them and receiving the products that they order through the drone. Although there are some companies that have introduced the concept of delivering through drones, it is important to note that they have yet to make it functional. In addition to it, they have not introduced the aspect of enabling people to check the status of others and then choosing the restaurant they want before their order can be delivered to them through the drone.

            This is a significant opportunity for Innovation Inc. to consider because there are other businesses that have developed such an application. It means that all the customers can be targeted without having to think about battling and competing with competitors. It puts the business in a unique position and this opportunity will certainly be utilised.

Target Customers of on Processes and technologies for Carbon dioxide

            The target customers of “Airborne” are people of any gender and any age. Considering the fact that the application is aimed at facilitating the process of making orders and having products delivered, all people can make orders from the side of customers. Meanwhile, when it comes to businesses, the target customers are the businesses that are operating in the food industry and they have not been capable of reaching their customers because of the coronavirus. The application will allow these businesses to purchase the application for registration and then they will be able to take orders from the customers and have them delivered without experiencing any type of difficulty. Even if there are limitations on businesses due to the outbreak, drones will play a vital role in reaching customers. Therefore, restaurants are the primary target customers.

Reason for Purchase of on Processes and technologies for Carbon dioxide

            The reason why restaurants will purchase “Airborne” is that in recent times, coronavirus has adversely influenced their business significantly. Customers are not sure about the status of cooks and whether they have the virus or not. This application lets customers know about the status of the cooks and it also helps restaurants in delivering and reaching to their customers through the use of drones. In this manner, they can make sales while eliminating the possibility of infecting their customers. This is quite a unique application and it presents an opportunity for restaurants that they can consider to continue to make sales.

Sales Revenue of on Processes and technologies for Carbon dioxide

            When it comes to the industry, in accordance with the 2018 report, there were more than 27,000 restaurants operating in the city of New York. At the moment, these restaurants are unable to reach their customers effectively and in order to facilitate it, “Airborne” is introduced. The sheer number of restaurants in the market indicates the opportunity which is present for the business to consider and utilise to make revenues. By targeting these restaurants, the sales target of $100,000 will certainly be achieved in a year. If this target is not achieved, new strategies will be adopted.

Operations Director of on Processes and technologies for Carbon dioxide

Business Details

            There are a number of structures which can be considered for the new business. However, in this case, LLC or limited liability company structure has been selected. The reason why this structure has been selected is because it is one of the simplest types of legal structure for conducting and performing business operations. Another important reason why this structure has been selected is because it offers protection against personal liabilities for debts related to the business. Although sole proprietorship can also be selected for the business, it will make it difficult for the business to advance and grow once sale targets are achieved. As it has been explained above, Innovation Inc. will be targeting the city of New York for launching the application “Airborne.” More specifically, the headquarters of the organisation will be based in Brooklyn because most of the restaurants are available in this specific location and it gives an opportunity to be utilised by the business.

            The key personnel for the business is the IT team that has developers in it. Although the HR team is also considered important because it is responsible for recruiting employees, a more important role is retained by the IT developers because they are responsible for the development of application in the first place. It is true that the HR team has the objective of recruiting employees and developers, their role is limited to the management of employees and all other people involved in performing the processes and operations of the business. Thus, it can be said that the key personnel includes both the HR team and the IT team (Kirzner, 2015). Without either of these teams, it would not be possible to conduct or perform the business operations and it would not be possible to develop “Airborne.”

Manufacturing Processes of on Processes and technologies for Carbon dioxide

            Considering the fact that “Airborne” is an application, it provides intangible services to customers in the form of delivery of food items through drones. For the development of an intangible service or product, there are no tangible raw materials which are considered and processed. Actually, for the development of the application, the expertise of IT developers is utilised and other IT software and tools are utilised. These are the only resources that are used for the development of “Airborne” application. For providing drone delivery services, drones are purchased from reliable suppliers or organisations which develop drones. A particular drone manufacturing company will be selected and drones will be purchased from them.

Machinery and Tools

            For the development of the application, there are a number of requirements that need to be met. First of all, there is a need of financial resources. For instance, even though the development of application requires the assistance and services of IT experts, it is important to note that their services cannot be availed without paying them. Thus, for making the IT experts work, financial resources are required and they are available in the form of predetermined budget obtained through investors. In addition to it, there is a need of IT hardware which will be utilised by the experts for making and developing the application. This hardware along with all the necessary tools will be purchased from the pre-determined budget.

            Other than the requirements for the development of the application, there are some other requirements as well which are important to be met. For instance, first of all, there is a need for the recruitment of an HR team. The CEO will be responsible for selecting the HR manager who in turn will be accountable for assembling the remaining HR team. Once the HR team is selected, other experts will be recruited. In addition to these requirements, there is a need of effective coordination and collaboration among these teams as well. In order to do that, virtual conferences will be held because at the moment, people are not allowed to interact socially.

Service Requirements of on Processes and technologies for Carbon dioxide

            In general, the CEO is responsible for overseeing all the operations being performed. The HR manager will be responsible for performing and completing all processes associated with personnel management. The marketing director will be responsible for managing and performing every activity that is related to the marketing and promotion of “Airborne” in New York. The operating director will be responsible for ensuring that all operations are aligned with the business objective and that desired goals are being achieved by them. IT manager will be accountable for ensuring that the project is completed in an effective manner and that the application is produced according to the requirements. Lastly, the finance director will be responsible for managing all processes and activities related to finances of the business. All of these authorities will also be responsible for managing the people under them.

Skills of on Processes and technologies for Carbon dioxide

            The HR department will be responsible for the assessment of skills among employees once they are recruited. The HR manager will be accountable for determining the right number of employees required for every team and ensuring that the project is delivered in an effective manner. In case a gap in skills is determined, the HR manager will create a training programme that is customised for ensuring that the right skills among the necessary employees are developed. Other than just assessing the needs of employees, the HR manager will be responsible for creating such system that are capable of meeting the requirements of employees such as performance appraisal and benefit systems.

Quality and Management Control

            For the management of quality and making sure that only the desired results are produced, a quality management programme will be implemented while will set some standards and will also provide some guidelines that will have to be followed. If these guidelines are not followed and standards are not met then it will indicate that the required quality is not being produced. Actually, it will be ensured that all the practices are sustainable and nothing unethical or harmful to the environment is being considered for the development of application and conducting of other processes.

Finance Director

1.1  Sources and costs for raw materials/inputs.

The following table represent the estimation about cost required for raw material and other inputs for the business. Our business will require purchase of raw materials including vegetables, spices, and meat products to provide final products for our customers. These materials will be purchased from supermarkets and local suppliers.

1.2  Start-UP Costs of on Processes and technologies for Carbon dioxide

The start-up cost includes all major costs required to initiate business services. The website and mobile applications will be developed costing $15000. While hardware and software will be purchased to keep records of inventory, sales, and online order management.

1.3  Resources plan of on Processes and technologies for Carbon dioxide

The resources plan is further divided into two main categories of Human resources and raw material resources. The raw material includes spice, vegetables, all other materials required to produce final products. While marketing and supply chain team will work on the promotion and sales management tasks.

1.4  Profit and Loss

The profit and loss statement for one year duration is presented below.

According to this profit and loss statement, company would be capable to earn 12,739 (estimated) as annual operating profit for the business after meeting all costs and expenditures.

1.5  Sources of Finding

Market research will be conducted by the use of databases available online for consumer demands and needs. While databases such as economic databases will provide information about the unemployment status, income per capita, consumer purchasing power, and consumer spending patterns. While information about costs and expenditure will be collected from online information sources and literature reviews.

1.6  Goals and objectives with a timeline

The following figure represent goals and objectives with timeline.

According to above timeline, the first stage is to develop a business plan containing important information about goals and resources planning. Then a contract will be made with relevant service providers such as website developers and local suppliers for the supplies of raw materials. Then after the start up of business operations more materials and resources will be arranged. A one-month observation report will be developed in the form of review to recommend changes for better future outcomes.

References of on Processes and technologies for Carbon dioxide

Burns, P., & Dewhurst, J. (2016). Small business and entrepreneurship. Macmillan International Higher Education.

Fernandes, N. (2020). Economic effects of coronavirus outbreak (COVID-19) on the world economy. SSRN 3557504.

Kirzner, I. M. (2015). Competition and entrepreneurship. University of Chicago press.

Sirt, T. (2020). Coronavirus forces digital transformation in business world. Retrieved from https://www.dailysabah.com/business/tech/coronavirus-forces-digital-transformation-in-business-world

Wang, H., & Liu, Y. (2016). Entrepreneurship and talent management from a global perspective: Global returnees. Cheltenham: Edward Elgar Publishing.