Question
According to the following bullet points and guidance, I need to do a Competitive analysis of the company's The Right Stim. Direct ( what other
According to the following bullet points and guidance, I need to do a Competitive analysis of the company's The Right Stim.
Direct( what other sources provide the same product like this?)
Indirect( what are the other alternatives available to the target audience?)
For each key competitor, consider the following factors:
Position/image . product offering
Market share. Marketing strategy
Strength .weaknesses
Financial condition. Achilles heel
Spending levels. Trends
Share of voice. Observations
Strengths, Weakness, Opportunities & Threat Analysis (SWOT):
Using a quadrangle chart, define the strengths, weaknesses, opportunities, and threats
Summary and Conclusions:
What 3-4 significant conclusions can be drawn from the situation analysis? State these in such a way that they become an actionable milestone for the plan that follows.
company information
The Right Stim
sensory disorders
getting input, they need on a sensory level
give users more appropriate stimulation to stop engaging in what is not reasonable (finger nail biting)
sensory arcade
can act as therapy for sensory deficient children
harder to keep attention on non-preferred engagement activities
helps keep them satiated to get through the task at hand
go stim, but in an appropriate settings
catered to non-verbal but all younger children like it
Questions/Answers from the live video:
is it customizable, aside from the standard 20 boxes you plan to make? some children may not like certain aspects (like having loud sounds or flashing lights could be a hazard.etc.)
Build library on ordering it
Potentially by library need
is this meant to be used for a specific educational lesson with a school psychologist/therapist, or is the box meant to be brought around everywhere in daily life and used as needed to help the child stim?
School setting phase 1, eventually home purchase in phase 2
it seems like parts of the box are more to be used as an educational experience (teaching them that hitting the button stops the irritating sound) rather than a pure platform for them to stim in any way they prefer. Can you help to deepen my understanding of the intended use case?
An intended use case is for education, but it can also be for stemming; in general,
is the binder of images universal? Can the box be customized for global/culturally appropriate use if not?
Eventually, go global
No other competitors
Two more engineering steps to get the prototype ready to go
Potentially used for levels
More about sensory inputs, rather than growing out of particular childrens age ranges
Proven to work already, evidence of success
The current plan is to deploy, get data for marketing, then proceed
Pricing models
Hoping to qualify as a therapy device
Insurance can cover and charge more
But also want eventual use for home
Schools also
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