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oranlogo.gif (4389 bytes) Course Project

New Product Introduction through New Media

Team projects have become commonplace in business. No doubt many of you are already working within, or managing the members of, a specific team or group in the performance of your everyday duties. Accordingly, team course projects offer a realistic setting for management problem solving.
For those of you who have not had the opportunity to work in teams, this project will give you valuable experience in learning how to work with others. In business, your team will most likely consist of members not of your choosing. Many will be strangers to you, or come from other disciplines or other organizations.

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In business, your team will most likely consist of members not of your choosing.

Marketing projects typically involve team members from all the major areas of the organization’s internal environment (e.g. shipping & receiving, warehousing, traffic, finance, sales, accounting, purchasing, and production) as well as outside suppliers in the microenvironment (e.g. advertising agencies, package designers, photographers, and printers).

A digital production team needs expertise in four areas:

opinp.gif (941 bytes) computer science (electronic networks, software programming)
opinp.gif (941 bytes) human factors (cognitive psychology, usability)
opinp.gif (941 bytes) enabling technologies (communications, writing, speaking)
opinp.gif (941 bytes) design (visual, verbal, interactive)

As the content specialist, you may well become the fifth team member and the team leader. Not only do these other members bring a different perspective to your project, they almost always bring up problems (and possibly suggest solutions) that you have not considered.

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Team project
Greater Buffalo Savings Bank

description A new savings bank, called the Greater Buffalo Savings Bank (GBSB), will earn its charter by May 1999. The bank's development team is currently in the process of filing the necessary paperwork with the government, raising capital, and planning for their first three branch offices.

This is a real project, with far-reaching ramifications for the face of the Buffalo community for years to come. Medaille is honored to be chosen to work as partners with the GBSB in bringing this exciting new banking format to Buffalo.

This is a great opportunity for you and for Medaille College, and some of the details are listed below. Recall Lou Sidoni's presentation to the class on November 23rd to get your started on developing a "look & feel" for the site. Also check out the special page on this project for information provided by the bank. NOTE: the section of the course web related to the bank project is password protected, so you'll need to get that information from the course instructor before you can view it.

purpose You will work in groups of two to develop a web site for the new Greater Buffalo Savings Bank, according to their objectives. You are the first Medaille students to have this opportunity, so make the most of it. You will present the website to members of the GBSB development team, and the winning web site will actually be used to announce this new bank to the market.
opinp.gif (941 bytes) The Web will be the reporting vehicle as well as the promotion vehicle.
opinp.gif (941 bytes) Your project will be a prototype Web site that tells the bank's target market about its attributes and benefits, and solicits investors to help launch this new enterprise.

In addition, the prototype Web site will be available on the course web for your instructors and for the next students taking the course. You are free to give the URL to friends, relatives, and prospective employers.

due January 4, 1999
objectives
In addition to GBSB's objectives, this project should get you to ...
... think in-depth about marketing strategy in a realistic situation
... demonstrate ability to plan for & manage information technology
... use the vocabulary of marketing and new media
... apply concepts of marketing and new media
... practice the digital development process as part of a team
... demonstrate basic mechanical skills for developing Web documents
... practice oral presentations
process Work in your teams to develop the web site per the bank's specifications.


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GBSB Development Corporation -- Preliminary Site Layout

orasmall.gif (906 bytes) Welcome (Home Page)
orasmall.gif (906 bytes) Greater Buffalo Savings Bank
orasmall.gif (906 bytes) Organizers
orasmall.gif (906 bytes) Business Plan
orasmall.gif (906 bytes) Mission & Vision
orasmall.gif (906 bytes) Buffalo Market
orasmall.gif (906 bytes) Competition
orasmall.gif (906 bytes) Investment Opportunity
orasmall.gif (906 bytes) Offering Circular
The Following Information Will Be Provided by GBSB
orasmall.gif (906 bytes) Mission & Vision
orasmall.gif (906 bytes) Management & Board of Directors
orasmall.gif (906 bytes) Business Plan
orasmall.gif (906 bytes) Offering circular & subscription form
orasmall.gif (906 bytes) Existing logo (see above)
You Must Obtain the Following Information to Complete the Site
orasmall.gif (906 bytes) Buffalo Market -- demographic profile
orasmall.gif (906 bytes) Competition -- profile of other Buffalo banks
orasmall.gif (906 bytes) Investment opportunity (obtain samples from others -- be careful with content & wording)
Some Requirements & Food For Thought...
orasmall.gif (906 bytes) Choose a "look & feel" for the bank
- look at what others have done
- pay particular attention to other Buffalo banks
orasmall.gif (906 bytes) Tie in with Mission & Vision
orasmall.gif (906 bytes) No links to bank itself
- insufficient staff to administer website at this time
orasmall.gif (906 bytes) Other external links OK, e.g.
- SNL Securities
- New York Stock Exchange
orasmall.gif (906 bytes) Include internal links (i.e. within site)

Interim Due Dates

orasmall.gif (906 bytes) Home Page -- due 12/9/98
orasmall.gif (906 bytes) Site map for project -- due 12/9/98
orasmall.gif (906 bytes) Other dates to follow
Specific Areas to Address
audience use demographic terms
purpose goal - objective - tasks
content visual / verbal balance
structure preliminary concept map
graphics interface models and palettes
navigational aids position and size
interactivity models

Next Steps

orasmall.gif (906 bytes) Think about project parameters
orasmall.gif (906 bytes) Search the Web for other bank sites -- check out www.bankweb.com :
- get ideas for this site
- don’t have to "re-invent the wheel"
- good web designers "borrow" liberally from others
orasmall.gif (906 bytes) Write down any additional questions on project
orasmall.gif (906 bytes) Contact Andy Dorn, Paul Atkinson, or Lou Sidoni directly at the GBSB Development Corp. for further guidance -- Phone: (716) 842-0827 or FAX: (716) 842-0843.

Some Key Points to Remember

orasmall.gif (906 bytes) "Positioning" the GBSB vs. other area banks is the key to a successful project
orasmall.gif (906 bytes) They don’t want to be like other Buffalo banks:
- what are the other banks in the area like?
- what do these banks offer?
- what DON’T these banks offer?
- how are the other banks positioned?
orasmall.gif (906 bytes) Your website should be "user friendly" -- informative, easy to navigate, etc.
orasmall.gif (906 bytes) But remember, you’re dealing with people’s money, so it has to have a "professional" feel to it.

Oral Presentation

orasmall.gif (906 bytes) Each group will make an oral presentation in class of their web site to members of the GBSB Development Team. Details to follow.

Prototype Web Site

orasmall.gif (906 bytes) The prototype marketing web should speak for itself. That is, if someone found it on the Web, they should have an immediate impression of its purpose and audience (or at least whether it’s for them). The graphics should be helpful and relevant. A little surprise and delight wouldn’t hurt. In meeting GBSB's objectives, the site should give you ample opportunities to demonstrate your application of the marketing concepts discussed in the course.

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last update: April 06, 1999
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