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    Abena Nova case study

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    Abena Nova case study, an example of a health care smart-connected-product The business model concept is central to this understanding.It has evolved from a term that refers to ‘the logic of the firm or the way of doing business’ to a set of conceptual analytical and creative tools that can be used to help imagine, conceptualise, deliver and capture business value. The assessment is about assessing business models using different perspectives.The assessment involves writing a 1500 word essay and explaining the essay’s main arguments...

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    A Business Model refers to a term of art. It is basically a plan of the organisation where each and everything explains in details before to proceed any step (Ovans, 2015). The planning of expenditure,revenue, ideas to earn more profit, what are the new products and services to launch and in-depth details of manufacturing.This is something which is laid out in step-wise. The business is something which includes high risk. This is how it needs high planning and very clever steps. Every business has its specific market-place. The entrepreneur needs to decide the nature of the business as per the locality. They need to research the demands of the area. So that they can produce relative goods and services. Everybody wants a successful business and every successful business requires high coordination with the marketplace. A good business model requires knowing the value proposition of the enterprise.

    This report aimed to develop a critical understating of the various accounting software by evaluating the cloud-based accounting software in regards to businesses and then suggest the most appropriate accounting software to a chosen company such as Woolworth. The findings of the current report reflected that the company has key activities like manage, organize, maintain its store staff, develop various strategies for the business, billing for their products, maintain their transactions, and records them and handle their conflicts, etc. Similarly, its other activities related to revenue and expenditure cycle also includes sales and purchase related practices. Moreover, some internal controls are found weak in Woolworth due to which company has risks like segregation of duties, major frauds, poor corporate governance, improper monitoring of managerial opportunistic behavior.

    This report aimed to develop a critical understating of the various accounting software by evaluating the cloud-based accounting software in regards to businesses and then suggest the most appropriate accounting software to a chosen company such as Woolworth. The findings of the current report reflected that the company has key activities like manage, organize, maintain its store staff, develop various strategies for the business, billing for their products, maintain their transactions, and records them and handle their conflicts, etc. Similarly, its other activities related to revenue and expenditure cycle also includes sales and purchase related practices. Moreover, some internal controls are found weak in Woolworth due to which company has risks like segregation of duties, major frauds, poor corporate governance, improper monitoring of managerial opportunistic behavior.

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