The technology advancement is use of the GIS software to establish new areas and locations as well as the GPS. This software is capable for advancing which locates the places in Brisbane city with potential customers by use of mobile data and networking. The programming of the software can be done by computer scientists or the software developers. The mobile app can be upgrades by installing new operating systems that has an integration module for the new software that will increase the customer base. “Kirchhoff said entrepreneurship and dynamic capitalism is related to the economics of firm formation and growth”. (Kirchhoff, 2015, p.722).
The plan is to enhance that the industry is moved with a greater magnitude in Brisbane city to pave way to the future and ascertain the going concern and digital incorporation so that no one is a few drinks left behind.
The one and only first chief executive officer started by laying a strong foundation of the company where he first started by sipping the spirits in India’s first place of selling products especially in boutiques. “Hart said Entrepreneurship policy has been discussed as what is it and where it came from, In D. M. Hart (Ed.) the emergence of entrepreneurship policy” (Hart, 2012, p.355). There is incorporation of the stripes and the bruises to the entire table from the initial concurrent entrepreneurial step by step journey. The technological advancement is witnessed by the vision that is laid down of improving the application by ensuring that other software are made to be used and thus enhancing there is partying all over the world and thus revolutionizing the way drinks are bought and also the purchase supply chain. The use of cloud computing is the technology put into use in establishing the next available network.
The geographical physical systems are used in the application to identify the direction of the restaurant or the club that is open to the customers. The client is in a position to browse the drinks and the reserve the pay for them on the personal mobile phones through the mobile phone wallet. “Hoffman said Innovation monitor as compared to Denmark's innovation capacity – from benchmarking to policy priorities according to Copenhagen the fora, division for research and analysis”. (Hoffman, 2013, p.156).
This is important and thus provides the technology with a competitive edge of redeeming their reservation with the Cloud bar app. The method of payment is done on the electronic funds transfer and the e wallet at the eBay where the customer is able to sign up for the recommended transaction and the volumes are delivered since the initiation of the announcement.
The latest technological advancement that Cloud bar has introduced is the digital payment where a buyer is in a position to make the ease transaction without the bulkiness of the cash for the people residing in Brisbane city. The government has empowered the idea by ensuring that the demonetizing of the high value currencies is enhanced as well as the incorporation of the mobile companies who have already seen huge improvements.
The risk recognition and the reduction
New technology keeps on replacing the current application with better modified ones that are more efficient that can work even better with these criteria.
Competitors in the industry pose a threat to the going concern of the Cloud bar because it cab face difficulties in matching the demands of the market.
The government laws keep on varying from time to time in the country of operation and this endangers the wellbeing of the company. The business faces the risk of hackers from the website where personal information can be accessed with ease by other third parties. The confidentiality of the business in terms of the prices is altered by the interferences. The government regulation and imposition of taxes is another aspect that poses a threat and thus acts as risk to the business. The reduction of these risks can be emphasized by stipulating a security is address and a fire wall which should be accompanied by a firewall in order to protect the intranet from other bloggers accessing the cloud information.
The application is given the necessary recognition in the places where the politics are prevailing such as advocating for purchase by use of Cloud bar. The politicians can demonstrate this by first using the application to show their commitment and the citizens will follow suit.
There is sustainability of the application in the manner that the people and the individuals willing to purchase the drinks find it quite awesome and good according to the manners and the practices. There is restriction of the individuals who are underage from accessing the drinks around the city of Brisbane. This will be achieved by imposing a web authentication process where the person willing to buy is first asked whether he or she is of the age of the majority. The majority age should the only people that are allowed to access the drinks to prevent the moral decadence in the community.
The application should be sustained in such a way that the update is made available in each and every log in for the purpose of accountability and transparency. “Golden said the national innovation systems and entrepreneurship and Centre for Innovation & Structural Change” (Golden, 2010. P.123).
There is business which has initial additional information that will entail software development to incorporate the new techniques and the current trends.
Risks are viewed as it could be more of the legitimate use of the application where an individual can register an account and can get access to Alcohol.
Stipulation of proper check on to who is using the application and at the initial term it would be better to have an identification check so as to keep the crowd of 18 and above.
Adequate maintenance and security of the cloud, as if it's not maintained there will be a huge mess and people will lose their trust and also the accountability the software provides.
Checking of the beverage at the desired location has to be maintained as if there are many users who have issued a desired drink, and then it's the responsibility to be served at the time desired.
The aspect of Over Stocking is also an issue, a limit to one customers stock has to be given so as a proper sale is maintained and a constant check imposed. A bar cannot be over used by customer hence he cannot use the bar wallet for more than a decided duration, so as there can be feasibility of any extra stock that a person has to be removed if not used or can be transferred as a gift to another person.
Incorporation of more locations (Bars, Clubs, Stores) is necessary, so as to relinquish the needs of the customers. Customer data base to remain intact and confidential as to maintain the privacy and also to lure away other competing companies. “Hollanders said European Innovation Scoreboard 2005, innovation and economic performance the Brussels: Enterprise Directorate-General, the Innovation/SMEs” (Hollanders, 2014, p.234). Need to make sure that the prices offered by us is better than the market price so as to have a number of people register and use this app.
Already established we need to aim at the perks of giving the best customer service if and when needed .Cloud bar is trying all ways possible to make things simpler for the customers and in-turn for the company as well.
Golden, W., Higgins, E., & Lee, S. (2010). The national innovation systems and entrepreneurship and center for innovation & structural change. Galway, Ireland: National University of Ireland press.
Retrieved September 23, 2010 from www.nuigalway.ie/cisc
Hart, D. (2003). Entrepreneurship policy in relation to what is it and where it came from. Journal of the emergence of entrepreneurship policy, Vol. 23, pp. 3–19.
Hoffman, A. (2013). The innovation and monitor in Denmark’s innovation capacity – from benchmarking to policy priorities, Copenhagen: division for research and analysis, ministry of business and economic affairs. Denmark, Howard presses.
Hollanders, H., & Arundel, A. (2014). The European innovation scoreboard in innovation and economic performance. Brussels: Enterprise Directorate-General, the Innovation/SMEs Program: England, European press.
Kirchhoff, B. (2015). Entrepreneurship and dynamic capitalism: The economics of firm formation and Growth. Westport, CT: Praeger press.
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