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Propose new or innovative product/service that you will offer in the market. Describe the business briefly.
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- Think of a propose new or innovative product/service that you will offer in the market as a student. Describe the business briefly.Define and describe the promise of CRM, explain why it is important in business and choose one model for our business, explaing the reason for choosing this model to justify what you are saying?Demonstrates of Value Proposition by showing what factors a real business created and raised in the industry. Explain what factors the business reduced or eliminated.
- Discuss various sources of product or service ideas; Discuss methods for generating new product or service ideas; Discuss how to conduct an initial screening of business ideas and opportunitiesDescribe is the difference of Subway Fast food chain from the competition in market. You may select an attribute important to the consumers (you are considered as their customer) and elaborate why you use this product or avail this service. Also, describe a main target market and discuss why they are the appropriate segment to target. Share what you think is the value proposition of your chosen product or service.Summarize what our business is expecting to accomplish and include a mission statement,description of the product line or service, why are your starting the business and describe yourbackground and experience in the industry.
- How does integrating customer feedback play a role in enhancing products and services?Think of a new product or revise/innovate a product or service that you would like to see on the market. Discuss the implications of producing the product/service. Relative to Legal, ethical, environmental, profitability, competitive, design & production Issues (Brief description only)Select one of the products that you have analysed and evaluate the possibility of turning this product into a business.
- How do you find an organization's core competencies and capabilities? How do you identify the four elements of the value proposition for an organization’s product/service?How will consumers learn about the product/service?“Continuous market study and analysis can help a company to gain from taping new opportunities, maintaining existing consumers base and competing with market rivals in the changing market by developing, adopting and improving its product or service.” In light of the above statement explain why it is important to study market?