Individual Reflective Report Essay Example | Topics and Well Written Essays - 1500 words - 2

Individual Reflective Report - Essay ExampleMy base set the huge potential in this sector. We plan to establish a company which deals with selling game postpaid cards to Chinese players. Why the Chinese? This card, which is top up for Chinese internet games, helps Chinese players who atomic number 18 appear of their home country to access a reliable payment method in assemble to access their favourite games just as if they were in China. The Chinese internet banking needs be unenviable unlike payment methods such as VISA. Our prepaid card makes the whole surgery of accessing ones favourite game so much easier when the player is in a foreign country. There are a number of other companies providing a payment method though not exactly the analogous as ours. We will compete with them due to our projected lower price. This lower price is as a result of operational efficiency and cost associated with a smaller prevailforce capable of multitasking in contrasting departments. We plan to retain all our customers due to our honesty policy by which we work for the scoop occupy of our customers. The staff should break good knowledge of internet gaming and online transactions. The company should create a website to make haste online payments and also set real world stores. There are more than enough suppliers who would be unstrained and ready to increase our penetration into the target Chinese market via internet. Process of Idea Initiation The process of bringing close together initiation was rather interesting. Each and every member of my group had an idea to propose. Some of the ideas were quite interesting but were quickly objected due to the existence of highly effective competitors. Other ideas were ruled out due to varied reasons such as lack of enough information about how prospective the to-be proposed pipeline would be and lack of originality. After intense discussion on which idea our group would embark on, the group did not come up with a fi nal conclusion. We decided to dismiss the group and meet on a later date. Every member of the group was supposed to refine his or her idea forrader the next meeting. On the following meeting, all members showed up. Some dismissed their previously proposed ideas due to reasons such as lack of enough information, them being not practical and low success potential. The group was left to opt between three ideas. Members of the group discussed on the specifics of the ideas before voting for the best idea of them all. A go along majority of the group members agreed on the game prepaid cards as the most salaried and potentially successful business idea. The occurrences of the process of idea initiation match content of literature. Brainstorming is one of the most common ways of coming up with new ideas. Pinson (2008, p. 21) advises that immediate decision on the best business idea should not be immediately made since brainstorming lacks the virtue of enough information. group members should dig deeper into knowing facts and other relevant information of their proposed ideas before reaching an agreement. Making a decision straight away after a brainstorming process may result to the dismissal of the idea due to poor project fundamentals later on after time and other resources have been invested in developing the business plan. Team Work I enjoyed the level of cooperation and the groups synergy. legal age of the tasks assigned to group members were completed on time. This shows the dedication of individual in making the team work come out successful. Team members contributed in form of