For this assignment, you are to presume that you work in a position where you have been asked to develop a new product or service. Specifically, your task is to gather market research on competing products/services that already exist, and then to make recommendations about how your company?s new entry into the field can fill a gap, meet a need, and/or excel above the already-available options.
Some things to keep in mind at the outset:
–What is the scope of your market? Is this a product you will be marketing nationally?and thus comparing to products available nationally?or are you considering a service that will be marketed in a smaller region (maybe a few states, a couple of cities, or a given neighborhood)?
–Choose a product or service that is of interest to you and that you have some knowledge of. Have some fun with this one! Some suggestions to get you thinking (though you may certainly choose something beyond this list, especially if you have a particular interest or expertise tied to your own work experience, your personal interests, or your major):
? A healthy low-cost restaurant lunch option
? An exercise and fitness program
? A hair coloring product to make middle-aged women feel younger
? A program that provides services to allow senior citizens to remain in their own homes rather than move to assisted living/nursing home settings
? A device or accessory item to help young parents keep their baby safe
? A food storage product
? A dating or social club where adults can meet
? A facility offering people a way to enjoy their favorite participation sports all year long (i.e., so they can play, not just watch, during the off-season for their sport)
? A specific feature for interior/exterior home design (e.g., garden water features/ponds; closet organization hardware systems; etc.)
? A way for elementary-aged children to carry a healthy meal/snack to school every day
? A productivity program/product for home and office computing (e.g., MS Word, an iPad calendar ?app,? etc.)
? A fun place for people in a given city/area to take their out-of-town visitors for entertainment
? Etc. ??
PLACE THIS ORDER OR A SIMILAR ORDER WITH NURSING TERM PAPERS TODAY AND GET AN AMAZING DISCOUNT
