100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Summary Unit 3 Assignment 1 (Distinction Task) £5.49   Add to cart

Summary

Summary Unit 3 Assignment 1 (Distinction Task)

 10 views  0 purchase

Unit 3 Assignment 1 - Distinction Task.

Preview 1 out of 1  pages

  • July 7, 2024
  • 1
  • 2023/2024
  • Summary
All documents for this subject (30)
avatar-seller
MatthewIT
Unit 3
Assignment 1
Distinction

Throughout the distinction task I shall write about an organisation of my choice. I shall explain how
they could improve the quality of their business information and justify why. The organisation I shall
be referring to throughout this task is named- ‘Studio Wildcard’, they are known for being a ‘ghost’
company. It is their ambition to remain a hidden company and to continue developing and creating
games.

It is essential in the gaming world to provide what the users want. If you miss out on a trend you
could become outdated and because of this have a potential loss in profit. It is because of this I have
made it a necessity for the company to invest more into primary data of what the gamers want.

Recommendations

The company could create surveys in which they would hire the general public and/or gamers to fill
in the surveys in a detailed manner. The surveys would include as an example: whether the game
features are appropriate and if not how they could be improved. Also they could show what the
advertisement would look like and whether or not this would be appealing, once again they should
adapt to the customers interpretation. They should think about hiring large masses of people to fill
out the surveys to ensure they nail down on the trends.

Another strategy they could take into consideration would be buying higher quality secondary
information. Some companies purchase at high cost primary data- from here they sell the
data/information meaning that they can reduce their expenditure (or at times gain profit). This data
is then available online at large prices. Companies that do this must promise to keep the data anti-
bias.

I also believe that creating reports more frequently could prove useful. Most companies write
reports upon each quarter, I believe that if they keep the data updated and accurate, on a report,
written on a monthly basis it would be highly beneficial. It would mean they could keep a track of
what increases sales whether it be new promotions, new features or simply new advertising boards.
This would mean they can react to trends effectively. Not only would this give the gaining advantage
but it would also prove useful within decision making.

Studio Wildcard

Studio Wildcard are a relatively new company and were established in 2014. Although not many
people have heard of them they are very successful and have a proven record of high profit margins.
Studio Wildcard as you may now know are a very secretive company which is why it is hard to get the
most accurate data however, it has been estimated that within two weeks of releasing their first
game (called- ARK) they generated over $11 million. They’re a company who aspire to achieve
greatness and are developing the game whilst expanding their market (they have now made their
game accessible on three platforms: PC, Xbox One and PS4).

The reason I have chosen this company upon the array of other options is because this company is
relatively new and has already had a profound effect on the gaming world. In the past they have
carried out various methods of constructing data through social media (they asked their fan base
whether they should move onto different platforms and got a positive result). After they had created
the games on these platforms they then carried out more research (offering anyone the chance to
install their game for a beta trial). Through all of their research and collection of data they have made
a start-up company into a multi-million dollar/pound success story.



1|Page
Matthew Lloyd-Jones

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller MatthewIT. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for £5.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

75619 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now

Start selling
£5.49
  • (0)
  Add to cart