Describe a new product idea in detail

Assignment Help Marketing Management

Reference no: EM13818148

Develop a written proposal outlining a specific product or service idea you have for Triangle Solutions. Triangle's company type and product area have been left unspecified in order to allow you creativity in invention of your own product ideas and exploration of areas of interest in the market. You may not use the same area or idea used in previous assignments.

Please do not use these areas or ideas: Best Choice Website or Telsa Motors

Part 1: Proposal

Your professional proposal should describe a new product idea in detail, giving brief consideration to the feasibility of the following categories:

The industry
Market size
Team requirements
Scalability of product
Financials (whether or not the product can be sold for more than it costs to make it-profit potential)

Your product idea must pass feasibility tests for it to be a viable product idea. Future class assignments will further investigate each of these areas in greater depth and will build from the information you identify and deliver within this assignment.

Part 2: Subsidiary Company

Then, provide the strategy to be employed to get ideas implemented internally, or describe the reasons why a product idea should be spun off into a new subsidiary company owned by Triangle Solutions. Important aspects of this outline are as follows:

The practical definition of the multidisciplinary team that the product idea requires.
Describing the different types of team members needed and their respective skill sets.
Where one would find them for an intrapreneurial versus entrepreneurial approach.

Reference no: EM13818148

Questions Cloud

Many endorsement contracts professional golfer tiger : Among his many endorsement contracts professional golfer Tiger Wood endorses Buick automobiles. Buick reportedly recently extended his contract for another 5 years at $40 million. If Buick makes $4,000 profit per car they must expect to sell at least..

Quantitative methods-simulation : Describe the key differences between simulation models and the models covered in previous modules, not only from the perspective of their applications, but also from the perspective of computing/solving the models.

Purchase of drafting and design equipment : Horace Greeley Corporation was organized in 2013 and began operations at the beginning of 2014. The company is involved in interior design consulting services. The following costs were incurred prior to the start of operations.

Example of a monopolistically competitive firm : Which of the following is not an example of a monopolistically competitive firm?

Describe a new product idea in detail : Your professional proposal should describe a new product idea in detail, giving brief consideration to the feasibility of the following categories: The industry and Market size

Which ethical system is most prevalent in the united states : Which ethical system is most prevalent in the United States today? In the World? Explain your answer and support your response. Which ethical system most closely matches your personal ethical system? Why do you think so? Explain your position. Plea..

Develop standards for ethical conduct in form code of ethics : Develop standards for ethical and moral conduct in the form of a Code of Ethics. As part of this assignment, you will reflect upon your own ethical standards

Firm is interested in minimizing average total costs : Suppose that your firm's marginal cost of producing a pencil is 5 cents and the average cost of producing a pencil is 3 cents. If your firm is interested in minimizing average total costs, what should your firm do?

Net exporter of services : Why does a portion of Chinese residents' expenditures on goods and services exported from the United States to China likely add to the earnings of Chinese firms and those firms' managers and workers?

User Account

All Pages