Reference no: EM132667100

49016 Technology and Innovation Management Assignment - University of Technology Sydney, Australia

Topic - Electrical Car Battery

Innovation Strategy and Business Model - The purpose of this phase is to outline the innovation strategy and the business model for the launch of your innovation concept.

Outline the innovation strategy and explain how the product/service will be made available, e.g. first-mover, follower, niche/mature market, new market, innovation type and/or partnership/collaboration/co-development. Please use at least one tool/method to develop the innovation strategy. Please also include a critical discussion of your strategy, i.e. which risk would come with the strategy you selected.

Use the business model canvas to outline the team's decisions about revenue streams, value propositions, customer segments, distribution channels, customer relationships, key activities, resources and partners as well as cost structure. Document the main decisions and outcomes for every section of the business model canvas in your report. When talking about the value proposition, please make sure you compare your concept to existing products/services and explain the novelty and benefit of your concept, e.g. in terms of market, product feature, service component, integration of multiple functions and many more.

Topic is so the idea is having a portable batteries in electric cars.

The usual battery in the electric cars sits below the seats. They are large and come in rectangular shape mostly. Those batteries with huge capacity take much longer time to charge. Hence having a portable battery with considerable charge capacity can come in handy when you go on a long trip and not able to find charging stations.

You can simply change the battery pull from regular battery to portable battery to cover extra distance. This battery can charge relatively quick due to the small capacity it holds, and you can even swap it out for another battery if you have multiple batteries.

This idea is similar to what we used to have in our mobiles 3/4 years ago, those days we were having removable batteries. Advantage of having a removable batteries are it is easy to swap in a fully charged battery at any time instead of waiting for mobiles to charge, which usually takes long time those days when we dint had fast charging options. Now we have fast charge and no mobiles come with removable battery.

Attachment:- Technology and Innovation Management Assignment Files.rar