Question
ENT I have done part A of project and developed an idea for business now i need part 2 please don't wrote instruction as someone
ENT I have done part A of project and developed an idea for business now i need part 2 please don't wrote instruction as someone did i know what should i do i want solution for this i will paste pictures of my project read that and then do the project 2 that i will write here please do you best and follow all instructions this is my business project
The project activities will start with assessing the feasibility of an idea before turning it into a business opportunity with a commercial value. The opportunity should lead to product development, market testing and soliciting customer feedback before completing a Business Canvas Model to demonstrate the product will be commercialized. Most of the activities focus on the application of theoretical concepts and understanding these concepts from a practical perspective. The project relies substantively on interactive and collaborative group work.
The project activities will start with assessing the feasibility of an idea before turning it into a business opportunity with a commercial value. The opportunity should lead to product development, market testing and soliciting customer feedback before completing a Business Canvas Model to demonstrate the product will be commercialized. Most of the activities focus on the application of theoretical concepts and understanding these concepts from a practical perspective. The project relies substantively on interactive and collaborative group work. The Project Challenge Students are required to create a product by applying the steps involved in the product development process as demonstrated in the following five major stages. The process will equip students to understand how to develop a new product from concept to reality. Part A: Transforming an idea to a Business Opportunity Students are required to apply the major five stages of product development in a practical and realistic manner. Each group will provide evidence to support the feasibility and viability of the product, the problem the product is addressing and the value offered by the product. The evidence will be in the form of pilot testing and customer survey results, a visual product and plan for commercializing the product using E-commerce. Stage 1: Idea Stage Brainstorm and identify a practical product idea and use SWOT analysis technique to evaluate your idea in terms of the value, need and the solution offered. Stage 2: Concept Stage Conduct a small scale pilot test with a small group of potential customers to assess customer acceptance for your idea. The test can be used as a tool to validate a market need. Stage 3: Product Development Develop a product with enough features that are viable and able to fulfill customer needs. The design of the product should be creative with captivating visual images which can help you gauge customer interest and reaction. Stage 4: Test Marketing Stage Apply the process associated with test-marketing through conducting a survey with a minimum sample of 20 potential customers to assess the market demand for your product. The survey should include a feedback form which can be used as a tool to learn more about customer needs and help you to improve your product. Stage 5: Commercialization Create a Business Canvas Model to illustrate how you will commercialize your product. The model should elaborate how you will use E-commerce channels to deliver your product to the market. The Model is shown as an Appendix on the last page of this assessment.
Business Proposal Plan for "Green Boost" Iutroduction Green Boost is a business idea to introduce a line of eco-friendly household products in the UAE market. Our product line will include sustainable and biodegradable alternatives to traditional cleaning, personal care, and lifestyle products. Our mission is to create a greener future for the UAE by offering affordable and accessible alternatives to consumers who are looking to reduce their environmental footprint. Product/Service Description Green Boost will offer a range of eco-friendly products such as biodegradable cleaning solutions, reusable food containers, bamboo toothbrushes, and organic personal care products. Our product line will cater to the needs of individuals who are conscious about their impact on the environment and want to make a difference. The products will be affordable, high-quality, and sustainable, and they will contribute to a healthier lifestyle. Unique and Imovative Features The unique selling proposition of Green Boost is that our products are made from sustainable and biodegradable materials. We will be the first company to introduce a complete range of eco-friendly household products in the UAE market. Our products will be sourced from certified organic manufacturers, and we will ensure that our supply chain is environmentally responsible. Value Proposition Our products offer a significant value proposition to the UAE market. The UAE is a rapidly developing country, and with this development comes increased consumption and waste generation. Our eco-friendly products offer a solution to this problem by providing a sustainable and affordable alternative to traditional products. Green Boost will contribute to the UAE's sustainable development goals by reducing waste and promoting a circular economy. Applying Business Cauvas Model Key Partuers Our key partners include manufacturers, suppliers, logistics companies, and marketing agencies. We will work with certified organic manufacturers to source our products, ensuring that our products are environmentally responsible. Our logistics partners will help us with distribution, while our marketing partners will help us create brand awareness and drive sales. Revenue Structure Our revenue structure will be primarily based on the sale of our eco-friendly products. We will also explore opportunities to generate revenue through affiliate marketing, partnerships, and collaborations. Industry Analysis Industry Overview The UAE is a rapidly developing country, and as a result, there is a significant increase in consumption and waste generation. The household products market is dominated by traditional, non-eco-friendly products, and there is a growing demand for sustainable alternatives. Industry Trends and Potential Growth There is a significant trend towards sustainability in the UAE, and consumers are becoming increasingly conscious about the impact of their actions on the environment. This trend presents an excellent opportunity for Green Boost to capitalize on and grow its market share. Competitors Analysis There are a few competitors in the UAE market who offer eco-friendly products. However, these products are either limited in their range or are relatively expensive, making them inaccessible to the average consumer. Green Boost's products will be more affordable and accessible to a wider market. Target Customers Our target customers are individuals who are conscious about the environment and want to make a difference. These individuals are typically in the age range of 1845, have a disposable income, and are health-consciousStep by Step Solution
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