What are the most likely market segments for asimo

Assignment Help Business Management
Reference no: EM131264658

Case Study: Honda's ASiMO

Meet ASIMO! He is 4 feet tall, with a pleasant childish voice, and the ability to recognize and interact with people; however, ASIMO is no child. He is the humanoid robot "brainchild" of scientists at Honda. ASIMO's technology includes two camera eyes to map its environment and recognize unique faces. Its body construction is so humanlike that it can run at 3.5 mph, toss a ball to play with a child, and use its opposable thumbs to open a bottle and serve you a cold drink. ASIMO is the perfect household companion.

Honda has not yet made ASIMO available to purchase for home use but it is only a matter of time until families can have their own humanoid robot. But not everyone is interested. Consumers are a bit nervous about a robot serving them meals or sitting down and telling them the news of the day. Why? Perhaps it is Hollywood's influence on our perception of robots. It might not be the sweet WALL­E that comes to mind when we think about robots, but the Terminator or another threatening machine.

If consumers are not ready for ASIMO, perhaps they are ready for some of its features. Facial Recognition Technology (FRT), the ability for a computer to "read" your face, is seeing strong development and application. According to some analysts, the FRT market is expected to grow from $1.92 billion to $6.5 billion within the next 5 years.

Advertisers and big brands are taking notice of FRT. Imagine a billboard in a mall that advertises Abercrombie to a teen girl and Target to a busy mom. Immersive Labs is one company that has developed digital billboards that measure the age range, gender, and even attention level of a passerby to deliver a tailored ad.

According to researchers, FRT can do more than read your face and estimate general physical characteristics. It can map out a biometric profile that is as unique as your fingerprint. Red Pepper is a company that uses this advanced technology to develop Facedeals, a smartphone app that provides personalized offers to consumers. Here's how it works. You download the app, walk into a store with a Facedeals camera, and are recognized. Facedeals interfaces with your Facebook information, analyzing your content for favorite brands, relationship status, places visited, and other information. Then, Facedeals presents you with a personalized offer.

The marketing applications for FRT are numerous. Google is considering letting individuals use a body motion, perhaps a "wink" or "eyebrow movement," as their FRT password. Forbes.com has unveiled an app where your webcam watches your facial responses when you view ads to learn what products and ads you like and dislike.

Many brands know one key to successful marketing is to offer the right product to the right consumer at the right time. With FRT, marketers can achieve this goal at a whole new level.

Discussion Questions CS 1­1 What are the most likely market segments for ASIMO? CS 1­2 How could Honda overcome resistance to the idea of a home robot? CS 1­3 What concerns might consumers have regarding FRT?

Reference no: EM131264658

Questions Cloud

Describe the main components of contemporary business : Describe the main components of contemporary business. Describe the focus of nonprofit organizations. Explain the five elements in the business environment.
Evaluate the companys external environment : Determine how to create value and sustain competitive advantage using the environmental scanning strategy. Evaluate the company's external environment. Assess the company's general environment.
Explain approach-avoidance conflict : What are the general categories of stressors that can affect job stress? Give some examples of each. 3. What are some of the dispositions that may influence an individual's reaction to stress? Give an example of each.
How are the meanings different in other countries : Make a list of ten gesturesother than those discussed in the text) that have different meanings in different countries. Consider the fingertip kiss, nose thumb, eyelid pull, nose tap, head shake, and other gestures. How are the meanings different ..
What are the most likely market segments for asimo : What are the most likely market segments for ASIMO? How could Honda overcome resistance to the idea of a home robot? What concerns might consumers have regarding FRT?
Describe the communication plans : Identify and assess the internal and external stakeholders and leadership that influence the system's development, implementation, and evaluation.
Explain the elements of emotional intelligence : Fully explain emotional intelligence, and give two examples of the concept. Explore the elements of emotional intelligence that leaders must be aware of to increase leadership effectiveness.
What type of leader do you feel would be the most effective : What type of leader do you feel would be the most effective for your Company? Have you experienced either visionary leadership or strategic leadership, as presented by Rowe?
Relationship between personal ethics and business ethics : What do you feel is the relationship between personal ethics and business ethics? Are they or should they be the same? Your response should be 200 words in length

Reviews

Write a Review

Business Management Questions & Answers

  Prepare a formal communication plan

Show the important information about Project Communication Plan - Prepare a formal communication plan

  What timing strategy is used here

Poga International, a multinational beverage corporation identifies that one of its competitors is launching an apple flavored drink. The company decides to launch an apple flavor brand along with its competitor. What timing strategy is used here?

  Complete second round of three-round delphi decision-making

Complete the second round of a three-round Delphi decision-making exercise, following the detailed example cited in the Home Page discussion. As before, you may copy and/or adapt verbiage from the example without citing it.

  Analytical skills are required in situations

Analytical skills are required in situations where the solution is often clear.Questions that require analytical skills are best avoided in job interviews.Resolving ethical issues often requires analytical skills.Analytical skills are more important ..

  People to create and submit a mall plan

A.It allowed people to create and submit a mall plan B. B.It enabled people to imagine and thus believe there was an entire mall built underground C.It increased sales volume by 25% D.It enabled people to located a mine shaft that plummeted them down..

  Concepts of total quality management

Describe how leaders use the concepts of total quality management (TQM) and empowerment to involve their employees in the improvement of guest service.

  Which organization would use a pull strategy

What is an example of a situation in which an organization would use a push strategy. Explain. What is an example of a situation in which an organization would use a pull strategy. Explain.

  What could be a potential problem when trying to reach goal

What could be a potential problem when trying to reach that goal?

  What steps should organizations take to protect

Why do businesses and the U.S. government downplay the significance of a data breach? What can be gained from not being transparent with their customers and/or citizens?

  Discusses various economics topics1 we would not suggest a

discusses various economics topics.1. we would not suggest a change in the investment recommendation if the annual

  Describing how each budget can assist the company

Discuss the importance of each type of budget (master, sales, production, direct materials, manufacturing overhead, sales and administrative).

  Questioncase study - country risk analysis and managing

questioncase study - country risk analysis and managing crisestower associates by f. john mathis paul keat and john j.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd