Business Model and Strategic Plan Part I: Conceptualizing a New Product of an Existing Business Stephanie Crossman BUS/475 12/11/15 Darrell Costello Table of Contents I. Title Page II. Table of Contents III. Executive Summary IV. Business Model and Strategic Plan Part I: * Conceptualizing a New Product of an Existing Business V. Conclusion VI. Reference Page * * * * * * * * * * * *
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developed a laptop charging device which is a completely new device in the market and can be used by anybody to charge their laptops even in the absence of a power outlet. Need assessment: There has been lot of issues on charging laptops while travelling or when in need of laptops for long hours like during presentations. It is not possible to carry on work and most people feel they run out of battery charge very quickly. Our product Dynamo Laptop Charger is an absolute solution to this problem
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Caterpillar Inc. is a $30 billion global company which is known as a manufacturer of large earth-moving equipment and large construction (Neilson & Pasternack 2005). Caterpillar survived from very difficult times in 1980s, mainly because its product reached maturity level, where customers were no longer interested in it and also the CEO of that company did not take into account very important factor – external environment. In 1980s a lot of companies lost their sales because global recession
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faced by technology companies in new product introduction? Answer 2. What were the risks and benefits of using Chinese contract manufacturing from the start? Answer 3. In selecting Foxconn and expanding its role in the supply chain, what were the potential risks and values to Cisco? Answer 4. What should Cisco do to mitigate these risks and ensure successful development and launch of the Viking router? Answer Part D Summary, a significant new information about the case and below
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and the application of those materials to develop innovative products that has led to the creation of profitable products. The case mentions three innovative and unique products developed by Rubbermaid. The director of product management had stated that consumers had been requesting for help in organizing the garages and suggested that storing tools efficiently was the number one complaint by homeowners about garages. So, the first product discussed was the Tool Tower, which was a plastic rack designed
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PRODUCT /MARKET EXPANSION GRID New Existing New Existing FIGURE 1 Figure 1 above shows the product/market expansion grid model of Ansoff that has proven to be very useful in business strategy processes to determine business growth opportunities. This model has two dimensions which are products and markets. There four strategies altogether in this model, one for each quadrant. First quadrant is about market penetration, second is about product development
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Case Discussion: Polarities 1. Provide an overview of polarities using at least three credible academic sources “Polarities are ongoing, chronic issues that are unavoidable and unsolvable. Attempting to address them with traditional problem solving skills only makes things worse. There is significant competitive advantage for those leaders, teams, or organizations that can distinguish between a problem to solve and a polarity to manage and are effective with both. (Johnson, 1998, p. 2).” “Polarity
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oil pump motors are based around the new pricing of electricity, which now depends on motor size. This has a big impact on oil companies. Not only will they be more likely to purchase lower horse powered motors, but also they will be able to save a vast amount of money by doing this. If a company now decides to buy a 7.5-hp motor as oppose to a 10-hp motor, then they will be saving $38.75 per month and in just 19 months the company will recoup the cost of a new motor. Additionally if the company decides
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Jot’s product sales are sold to retailers for €20 or less. 3) Jot’s bank has been very responsive to the company’s needs for cash in order to fund its growth but has indicaJOT that at the present time it would not be able to provide any additional long-term finance. 4) As Jot builds up its inventory in preparation for higher levels of sales in quarters 3 and 4, cash flow is negative during the second half of the year. This is because outsourced manufacturing for the majority of all products occurs
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Introduction This product is based on an age old concept that has been around from the dawn of science. This product utilizes the simple concept of electrolysis to separate water into its basic elements of two hydrogen and one oxygen molecules. The obvious question is what use is this and the answer is very simple. In the combustion of hydrocarbons the water molecules can be utilized as a supplement in all types of combustion engines. There are multiple benefits to the use of this product in the everyday
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