Reference no: EM131671672
Develop TWO new product or service concepts that you would like to test among consumers to see if it is a good idea. MAKE SURE YOU ARE SOLVING A PROBLEM!
Let me reiterate. Make sure you are solving a REAL problem. The concepts that succeed usually fall into one of two camps: 1) Small, irritating and annoying ideas that happen frequently; or large, infrequent problems that have really bad consequences when they happen.
First, tell me what the problem is you are solving;
Second, tell me your solution idea (briefly -- no more than a sentence).
Third, write a Brand Positioning Statement for your new product or service idea;
Fourth, write it in Concept Form (use the correct format that we learned in class (EXAMPLES SHOWN BELOW)
Here is an example of what you need to submit:
Problem: How can you make store-bought bread be warm, smell great, and taste just like it came out of the oven?
Solution: Bread Fresh, a kitchen appliance that makes store-bought bread smell and taste home-baked.
Brand Positioning: BREAD FRESH
Target Audience: Homemakers responsible for meal preparation who want to provide their family with sensory experiences with their meals.
Benefit: "Bread Fresh" turns every slice of store-bought bread into a warm, delicious indulgence that tastes and smells home baked!
Reason Why: The Bread Fresh machine warms each slice of store-bought bread in a patented moisture controlled chamber to both warm and naturally refresh it to its just-baked goodness. Just put a slice of bread into the Bread Fresh machine, and in 20 seconds it will smell and taste like it just came fresh out of the oven!
Concept:
BREAD FRESH
Turns every slice of store-bought bread into a warm, delicious indulgence that tastes and smells home baked!
Do you wish you could serve hot, fresh bread with every dinner? Now you can! Introducing Bread Fresh, the new kitchen appliance that turns store-bought bread into home-baked goodness!
The Bread Fresh machine warms each slice of store-bought bread in a patented moisture controlled chamber to both warm and naturally refresh it to it's just-baked goodness. Just put a slice of bread into the Bread Fresh machine, and in 20 seconds it will smell and taste like it just came fresh out of the oven! Ohh, the smell. Ohh, the taste. Your family will love it!
|
Calculate the net present value with a required return
: Calculate the net present value with a required return of 10%, an initial investment of $30,000, and 10 years of payments of $6,000 each
|
|
Culture differences influence this early cognitive
: How would culture differences influence this early cognitive development. (parenting style,language, moral difference and autonomy).
|
|
Probability that a randomly selected subject will be cured
: If one is not given the drug, there is still a 20% chance of a cure due to remission. What is the probability that a randomly selected subject will be cured?
|
|
How legalizing medical marijuana is beneficial
: Write a 1-2 page paper with references how legalizing medical marijuana is beneficial.
|
|
Write a brand positioning statement for your new product
: Write a Brand Positioning Statement for your new product or service idea; How can you make store-bought bread be warm, smell great.
|
|
Availability heuristic and representativeness heuristic
: Identify an example (not from the textbook) to illustrate one of the following heuristics: availability heuristic and representativeness heuristic
|
|
Compare the water temperatures at the depths
: Compare the water temperatures at the depths that coral reefs live for the U.S. Virgin Islands and South Florida. How do water temperatures
|
|
Personal acquaintances or family members
: One of the things I always like to ask is whether anyone has any personal acquaintances or family members who have been diagnosed with Schizophrenia?
|
|
What are the possible consequences
: Becky's former employer, Shamalay Automotive, receives only about 25 cars each month. What are the possible consequences
|