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Medication Dispenser Problem Paper

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In today’s society, individuals prefer a quick and straightforward manner of completing tasks, as time is of immense value. The organization and management of medication, however, conflicts with this preference as it can be quite confusing and time-consuming. Also, it is difficult for the elderly, the primary consumers of daily medication, to correctly complete this task.
Our solution to this problem is a medication dispenser that will automatically give you the correct pills that you need to take at that time. We will also provide a service of delivering the dispenser monthly to increase customer convenience.

Customer Pain
A survey was conducted to gauge the extent of the customer pain that this problem accounts for, and the interest in a potential solution (Appendix). Through analysis of the survey answers, it was concluded that the problem of medication management is …show more content…
Since the net income is 400% greater than the cost to manufacture it offers significant profit potential.

Team Capabilities
Our team is a quintessential fit when regarding our product. With our combined skill and program background it can be assumed that we all possess the capabilities to ensure a profitable outcome. For example, Gemma Mancuso is majoring in biomedical science which concatenates with our projected products medical component.

Opportunity Exploitation
Since human aging is inevitable, we can hypothesize that our product will be sustainable in the market. Other external factors that may inhibit full profit potential are other competitors for example “e-pill”. However, by installing innovative technology and developing a software that will act as a service both physically and electronically we will distinguish ourselves from said competitors; Ultimately, creating a competitive advantage.

Amenable to

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