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- Streng ple is a long-established vehicle dealer. Due to government regulations Streng plc has determined that large-engined leisure vehicles are a product form which is leaving its maturity stageIn light of product life cycle analysis, which of the following best describes the current state of this product form?A. Unit costs are high because of low output and expensive sales promotionsB. Competitors are entering the market so unit costs are fallingC. The rate of sales growth is increasing and profits are at a good levelD. Competition is fierce and profits are fallingProvide an introduction to Bill Gates Speech at Harvard (part 1) by DHK123, Scott Berkun Lecture: The Myths of Innovation by Carnegie Mellon University, Prahalad @ MSM Opportunities at Bottom of the Pyramid 1/6 by MaasSchoManage, Frank Piller(RWTH/MIT): Innovation and Mass Customization by Cyledge and How can we better understand customers? by Google. Provide an analysis of your understanding from these videos. Follow the analysis with alternatives that are applicable to the analysis formulated. What are the assumptions that can be made from reviewing the videos? Provide recommendations to implement innovation as part as common practice. Next, how would you implement the recommendations? Provide lessons learned and conclusion.If we have selected a problem and it is climate change which is affecting our environment and we are thinking about a product which is (Water conservation technologies such as drought-resistant crops and greywater systems) Answer the following questions on our product: (just one line answer is needed) What are the direct benefits to the customer? • Approximate the best you can anticipate the size of the market? • Where are customers getting the product now? • Why would they purchase from us? • Is the industry that the business falls within, large and growing? (Favourable) Are the core technologies available? (Have, develop or get) • Are there any laws or regulations against this business concept? • Are there moral or ethical issues that need to be considered? Do our skills and abilities fit the business? • What are the skills needed that we don't have? • Who would we need to hire?
- HyConn is a product innovation in the physical system used to attach fire hoses to fire hydrants. It was created by a firefighter in Arkansas who saw a chance to save more lives by reducing the time it takes for firefighters to get water to a fire. Despite offering an indisputable advantage over the previous system, the innovation has not been adopted by many fire departments, which are usually funded by local taxes and permeated by firefighting tradition. What reasons might have contributed to the failure of fire stations to adopt the innovation? Check all that apply. a. Complacency b. Lack of financial resources c. Failure to recognize opportunity d. Culture of entrepreneurship Organizations can encourage innovation by rewarding it, by designing jobs to support it, and by reinforcing a culture of innovation. Which of the following statements describes an organization’s use of a reward system to promote innovation? Check all that apply. a. At…The threat of substitutes may be high if: Select one alternative: a. the substitute product does not provide enhanced functionality, reduced cost and better quality. b. switching costs are of concern to the customer. customers have strong existing brand loyalty. c. the substitute product provides a higher perceived value or benefit.Describe the following items for your Medical Device = Combined Electrotherapy MDD ClassStandard for Device Safety and Performance.Proposal Bid (technical)
- Identify the product / industry that suffer from disruptive innovation by smartphone i. Digital camera ii. Diaries and personal organizer iii. Internet access by laptop iv. Portable satellite navigator А. i and ii В. ii and iv C. O i, ii, iii and iv D. O i, iii and iv B.COMPANY FOREVER 21 WRITE THE Customer Value Proposition (A brief statement of how you will add value to the prospect’s business by meeting a need or providing an opportunity. Include a brief description of the product or servic) A. Product/Services that delivers value: B. Value proposition statement:Think of three products or services that employ:a) Interchangeabilityb) Standardisationc) Modular design
- Salient features of a Minimum Viable Product and important features of Minimum Viable Product Need the answer in 500 words.Cannibalization Analysis The "Bare Bone" model has a list price of $2.99. UVC is $1.50 and projected sales for the year is 2,000,000. "Bill" retails for $3.99 with a UVC of $1.79 and has a sales forecast of 500,000. Projected first year sales of "Bodacious Bill" is 1,000,000 units. Fixed costs to enable insertion of audio sound effects for "Bodacious Bill" will be $2M for the first year. The "Bodacious Bill" will have a 50% markup on the breakeven price. Unit cost (breakeven price) = unit variable cost + (fixed cost/# of products produced). List (markup) price = unit cost * (1+ desired % markup on the retail price). Unit variable cost, including technical parts, add up to $4.99 What would be the list price on Bodacious Bill to break even? 50% of first year sales would be incremental. Of the remaining volume, 80% will be cannibalized from "Bill" sales and 20% would be offset with "Bare Bone" volume.In what ways does the nominal group technique differ from the Delphi technique for generating new product or service ideas?