Steemit Challenge S26-w3 : The Boss’s Challenge
The Boss's Challenge
The General Manager of MyBudget emailed all his project managers and engineers. "I want everyone in the meeting room immediately after lunch. We have a project in hand!"
Project manager John looked at another manager, Timothy. "I thought we were already working on a crucial project!"
Timothy smiled and looked back at John. "Hmm, I am feeling like there is definitely something urgent!"
At 3pm, everyone was in the meeting room.
Timothy looked calm, but John was expecting something complicated coming up!
When everyone was seated, the boss cleared his throat and said, "Guys, we have a new project in hand. We have to prepare a program for a car rental agency with an exclusive algorithm that makes their app calculate a few extra features."
Then he addressed John and Timothy, "You two, I have selected you two! Make a team of engineers and start working immediately. You have six weeks to complete the job. Give me the names of the team engineers before you leave office. Now get going."
"Any special features?". John asked casually!
The boss looked at him and said, "Our client needs rental rates based on real-time demand. So you have to keep an eye on peak and off-commuting hours and also include promotional offers without affecting revenue but keeping the fares competitive. Give me a primary idea along with the list of engineers. I will give you rest of the detail when you're done with your team.
Everyone present in the meeting room looked at each other and dispersed.
John and Timothy focused on implementing the plan together, they first created a theme for the project implementation.
With a team of a few engineers,
Among them,
The data engineer will inform about the ride history, which areas have high ride demand, i.e. how many people travel to a location at any time, etc.
The backend engineer will create a server or website through which the prices of different rides at different times, offers, for students, workers, weekend offers, etc. will be displayed. In this way, people will easily know about the rides. In addition, if there is any problem here, it will also be resolved. Through the customer service team.
Machine Learning Engineer: - Who will help determine the time-based and location-based prices on the website through dynamic pricing.
In the next step, they started trying to find out more about the demand for rides in the market.
They first started separating peak and peak hour through time calculation, they found that peak hours from 8 am to 2 am and from 4 pm to 8 pm are peak hours and the rest of the time is peak off time. Only some workers do not have an off day on Friday, such as medical profession.
So they decided that they would decide to rent per person according to the location during peak hours. And they would give some discounts during off peak hours. In addition, they also decided that people who travel daily will have a 5% discount every day if they take a membership card. In addition, this discount will be applicable for students as well. Through this, customers can easily be attracted to their ride.
In addition, they will promote different types of discount offers on weekends, such as 15% discount for workers on Friday compared to other days. In addition, they will include different types of offers on different weekends. For example, they will not lose. Likewise, the campaign will be more likely to be successful.
John and Timothy decided in the third step, to do market research, how much money each ride charges and what it offers.
Also, how many people are booking rides per hour. And in which locations the demand for rides is higher than in other areas. After collecting this data, John and Timothy decided that this time they would form a price structure.
Off-peak hours 2-4 pm - markup -10%
Peak hours 8 am-2 am = markup +10%
Peak hours 4 pm -8 pm = markup +5%
In this way, their revenue will be thick in pricing and there will be profit + demand will be higher than other rides.
In addition, they decided to add various features such as live location, weather, red zone, green zone, what time they can reach, etc.
And decided to listen to customer complaints through customer service and constantly update the service.
Investigate complaints and resolve them quickly.
They also decided to use special coupon codes for new users that they could use for two days.
In the fourth step, Timothy and John started to structure the general system architecture.
First, they collected data on competition and demand.
Then they sent the data to the app through the API Layer.
And they created a daily app integration structure.
After making all the decisions and plans and forming the team, Timothy and John presented this project plan to their boss.
Their boss saw their project plan, decided to accept it and implement it. Because the plan was really great, the company would benefit and the customers would also benefit. No one would suffer. And it would undoubtedly be a good business idea. In addition, the unemployment rate would decrease, employment would increase.
I am inviting my friends to this important contest. They are : @chant @suboohi @kouba01 and @muzack1
Thank You Everyone For My Post Reading
Steemit Challenge S26-w3 : The Boss's Challenge
Dear @memamun, here is the detailed assessment of your submission:
Your hard work and efforts are visible in your story for that I appreciate you.
The drama, fiction is missing besides a couple of points for instance if you cover "Peak hours 8 am-2 am" that pretty much covers the entire day and night including 2-4 pm.
thank you so much dear brother for your valuable comment and Rating
TEAM 8
Congratulations! Your post has been upvoted through @steemcurator08. Good post here should be..