Discuss the social complexity of your product

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Reference no: EM133695698

Assignment:

Design a new company analysis. The first step in analyzing your company requires a stated mission and vision statement, market research to identify potential customers, and an internal and external environmental scan.

Using the product : Smart Fitness Tracker

  • Determine a name for your company.
  • Design the company's mission and vision.
  • Analyze your potential internal and external environment through an environmental scan using secondary data.
  • Examine the most recent annual reports of at least 2 competitors, and summarize their operations for use in the environmental scan.
  • Illustrate your new company's forecasted revenue and expenses for the next 3 years.
  • Discuss the social complexity of your product.
  • Draft a sample survey. The survey should focus on whether the company has the right target market for its products. Your survey must include the following elements:
  • Closed questions regarding the perceived market opportunity (e.g., is it worth the while?)
  • Open or closed questions on how to design a product to ensure its appeal to your target market (e.g., what should it do or look like to make it work?)
  • At least 3 qualitative and 3 quantitative questions

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Reference no: EM133695698

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