Portfolio Project Overview

For each course of the BFN Program, you will complete two tasks related to creating an online vegetarian catering business, which will constitute as part of your business plan. The purpose of the portfolio projects is to consider various aspects of small business activities, thereby demonstrating the application of knowledge, skills, and abilities acquired in each of your courses throughout the program. Your portfolio project will consist of 2 parts and it will end in a presentation to the class showing the progress made during your business development and planning. Remember both parts of the portfolio project are related, with each part building on the next part. Below is a list of topics that will be included in your portfolio from this course: BM161 Applied Business Concepts Business Strategy Web 1.0: E-Business Portfolio Project Part 2: Business Strategy: The development of information technology has fundamentally transformed the modern business environment, providing new opportunities for development, but also creating many challenges. On the one hand, the development of e-commerce and cloud computing makes doing business much easier and cheaper, allowing even micro-enterprises to reach the most remote parts of the world. On the other hand, this increases competition and, accordingly, requires accurate analysis and planning of activities to justify the choice of business strategy. For your Portfolio Part 2, you will analyze how the use of modern technologies can boost your online vegetarian catering business. Read the following articles and answer the 3 questions below: The Benefits of Using ICTs in Business & Finance https://bizfluent.com/list-6641121-benefits-using-icts-business-finance.html The 30 Best Apps for Small Businesses in 2021 https://www.dreamhost.com/blog/30-best-small-business-apps/

1) Explain in your own words which benefits are associated with doing business online and using digital tools.

2) Identify 3 areas of your business that can benefit from use of information and communication technologies the most (e.g., marketing, inventory management). Explain why you chose these areas and which problems can be solved by using ICT.

3) Search on the internet and find 3 applications that you consider the most beneficial for your business in the areas identified above. Explain how you are going to use these applications to develop and promote your business.