9a Testing the Hypothesis Part 2
Testing the Hypothesis Part 2
Reminder/Summery of Product: I noticed the opportunity of financial accountability within businesses that are large and hard to handle. My product is a product/service. I will provide a service that uses a patented software to track and manage the finances of those who have access to the company money. My company will track the movement of money through the different company cards and bank accounts. When any money is moved, the mover will have to provide an account of why and where the money was moved to.
Interview 1
WHO: Larry's Franchise owner. Although Larry's is a larger business, the individual franchise on University Avenue is does not have a lot of workers and since it is a smaller franchise, it's finances are more manageable.
WHAT: They are easily able to watch where the funds go and they also do not give out company cards.
WHY: They do not give out company cards and the money coming into the system is usually card due to the demographic of college students.
Interview 2
WHO: BCM director.
WHAT: Does not have a problem with the tracking of the finances .
WHY: The organization does not pay its employees, the workers support raise as an income. Other finances are tracked by student government representatives and the club treasurer.
Interview 3
WHO: Life South employee.
WHAT: There is not much of a fear of finance fraudulence.
WHY: This is because the currency is practically blood, given that it is a company focused around not for profit beliefs.
Interview 4
WHO: UF Rec Sports Director.
WHAT: There is not a current fear of fraudulence in the Rec Sports agency.
WHY: This is because the University of Florida, or at least Rec Sports, tries its best to keep track of finances.
Interview 5
WHO: City of Clearwater Parks and Recreation Supervisor.
WHAT: There is a need for finance accountability.
WHY: However, the City of Clearwater, and Pinellas County have been investing in accountants and other finance experts due to the recent fraudulent activity that has occurred in the tourism Agency.
Inside the Boundary
Who: Large Companies.
What: Are without financial accountability units.
Why: The need exists because many companies are unaware of the problem.
Outside the Boundary
Who: Small Companies and Local Non-profits.
What: They do not need financial accountability from a third party.
Why: The workers do not have as much access to the finances, and the companies are not aware of the need.
Summary: Companies are in need of the financial accountability, but there are some companies that like smaller ones really do not have a problem with this. The problem seems to start as more people gain access to the accounts.
Reminder/Summery of Product: I noticed the opportunity of financial accountability within businesses that are large and hard to handle. My product is a product/service. I will provide a service that uses a patented software to track and manage the finances of those who have access to the company money. My company will track the movement of money through the different company cards and bank accounts. When any money is moved, the mover will have to provide an account of why and where the money was moved to.
Interview 1
WHO: Larry's Franchise owner. Although Larry's is a larger business, the individual franchise on University Avenue is does not have a lot of workers and since it is a smaller franchise, it's finances are more manageable.
WHAT: They are easily able to watch where the funds go and they also do not give out company cards.
WHY: They do not give out company cards and the money coming into the system is usually card due to the demographic of college students.
Interview 2
WHO: BCM director.
WHAT: Does not have a problem with the tracking of the finances .
WHY: The organization does not pay its employees, the workers support raise as an income. Other finances are tracked by student government representatives and the club treasurer.
Interview 3
WHO: Life South employee.
WHAT: There is not much of a fear of finance fraudulence.
WHY: This is because the currency is practically blood, given that it is a company focused around not for profit beliefs.
Interview 4
WHO: UF Rec Sports Director.
WHAT: There is not a current fear of fraudulence in the Rec Sports agency.
WHY: This is because the University of Florida, or at least Rec Sports, tries its best to keep track of finances.
Interview 5
WHO: City of Clearwater Parks and Recreation Supervisor.
WHAT: There is a need for finance accountability.
WHY: However, the City of Clearwater, and Pinellas County have been investing in accountants and other finance experts due to the recent fraudulent activity that has occurred in the tourism Agency.
Inside the Boundary
Who: Large Companies.
What: Are without financial accountability units.
Why: The need exists because many companies are unaware of the problem.
Outside the Boundary
Who: Small Companies and Local Non-profits.
What: They do not need financial accountability from a third party.
Why: The workers do not have as much access to the finances, and the companies are not aware of the need.
Summary: Companies are in need of the financial accountability, but there are some companies that like smaller ones really do not have a problem with this. The problem seems to start as more people gain access to the accounts.
Hi Mitchell,
ReplyDeleteI think your product/service of tracking people's finances to make sure they are secure is very innovative, especially with all the online fraud that occurs in today's world. I think this is a great idea! Many people don't know about finances too much so providing them assistace with being safe. Although many of your interviewers said there is no need of financial accountability, I think that some more protection definitely can't hurt.