Professional Documents
Culture Documents
Submitted By,
Section C, Group 3
Afsal Shah
Ashok Mohan
Devaiah A G
Irishi R
Tony Sebastian
14007
14026
14045
14064
14171
Contents
Travel Accessories: Introduction............................................................................2
3M Corporation...................................................................................................... 2
Shortlisted Product 1: Kineseowear.......................................................................3
Shortlisted Idea 2: Solar Backpack Charger...........................................................6
Other Ideas 1: Mega Trolley bag............................................................................ 8
Other Ideas 2: Top Traveller................................................................................... 9
Other Ideas 3: Pack n Wear..................................................................................10
Other Ideas 4: E-book database...........................................................................11
3M Corporation
The 3M Company, formerly known as the Minnesota Mining and Manufacturing Company, is
an American multinational conglomerate corporation based in St. Paul, Minnesota. 3M
headquarters are in the St. Paul suburb of Maplewood, Minnesota. With $30 billion in sales,
3M employs 88,000 people worldwide and produces more than 55,000 products, including:
adhesives, abrasives, laminates, passive fire protection, dental and orthodontic products,
electronic materials, medical products, car-care products (sun films, polish, wax, car
shampoo, treatment for the exterior, interior and the under chassis rust protection), electronic
circuits, and optical films. 3M has operations in more than 65 countries including 29
international companies with manufacturing operations and 35 companies with laboratories.
3M products are available for purchase through distributors and retailers in more than 200
countries, and online directly from the company.
Initial Ideas:
Kineseowear
Solar Backpack Charger
Kineseowear is such device that can make the life of a traveller easier. Kineseowear affixes as
tape to be worn for weeks at a time, charges inductively via chargers that can be in beds or
chairs, and communicates by silent and nuanced shoulder tugs. The arms of Kinseowear
contain synthetic muscle, while its heart is computational power, battery, Bluetooth and
sensors. This wearable works with other computing devices like smartphones to deliver cues
to the wearer, through patterns or intensity of sensation. Tugging right or left could deliver
directions. A subtle vibration could convey that another of the harnessed tribe is nearby, or
the wearer has just covered her fifth mile. This quiet delivery allows the wearer to develop a
haptic consumption of desired wearable features notification, geo fencing, direction and
proximity in a nuanced fashion.
The form is suited for wearing sensors close on the body and for longer periods. Kinseowear
is durable and waterproof. The wearer can swim or work out while harnessed, yet it fits
demurely under a shirt or dress. More than mere accessory, the Harness is a cultural fashion
statement. When others see your Harness, they know you have embraced the digital lifestyle
and are receiving silent cues about those around you. You are harnessed, and you want them
to know that.
Benefits:
Creates a physical connection between the human body and any kind of information.
It provides support to the back muscles. It provides support when you are sitting and
gives a more comfortable feeling.
It can be connected with your smart devices. Once it is connected it helps you in
navigating through roads and other areas. For example it will give a tap on the
shoulder to indicate the next turn that one has to take while driving.
It checks the health of a person, like the heartbeat, blood pressure etc.
This is a new to the world product. As of now there is no competitors for this product. Since
this is an innovative product lead user research is the best approach to identify the market
opportunities and about the features to be included.
Background
People love traveling. In this era of globalisation and interconnectivity travelling is not an
issue anymore. Anyone can travel to his/her dream destination with great ease. With increase
in travelling the demand for travel accessories is also increasing. The travel accessories
market is booming with lot of innovative products and lot of companies in the market. 3M
Corporation, with a strategy to diversify to new sectors are trying to come up with innovative
products that fits to the overall strategy of the company. There is lot of competition for big
players in the global market. So 3M Corporation has to come up with products with
disruptive technology and style.
Focus
Kinesiology tapes technology to be used in the product. The product also contains a small
computer and two flexible aluminium plates. The product is targeted towards the tech savvy
people who needs an all-in one product for their travel problems. It can also be targeted
towards the health conscious travellers.
The goal is to create a new to the world product with the help of disruptive and latest
technologies. The product should solve some of the common problems like back pain,
providing GPS directions etc.
Guidelines
The products should be in line with the overall strategy of 3M. The products should be cost
effective and create a breakthrough in the travel accessories market.
Benefits:
to capture the mass market, they also often took too long to charge, especially in the face of
improving battery technology.
There are signs that the products are beginning to find an audience. Goal Zero, which offers
battery packs that fit in a purse as well as mobile generators that can power a home, says it
expects its revenue to double this year to about $60 million. Ascent Solar says its sales began
taking off after Frys, an electronics chain based in California, began carrying EnerPlex
chargers.
Background
People love traveling. In this era of globalisation and interconnectivity travelling is not an
issue anymore. Anyone can travel to his/her dream destination with great ease. With increase
in travelling the demand for travel accessories is also increasing. The travel accessories
market is booming with lot of innovative products and lot of companies in the market. 3M
Corporation, with a strategy to diversify to new sectors are trying to come up with innovative
products that fits to the overall strategy of the company. There is lot of competition for big
players in the global market. So 3M Corporation has to come up with products with
disruptive technology and style.
Focus
The main attention will be on innovation and acquiring patent rights. The product
development requires an experienced team of electrical engineers who have knowledge on
developing solar operated devices. Usage of Solar fabric will be useful for the customers to
carry the bag easily. The company should also concentrate on acquiring the patent rights as
this a new invention and might attract many competitors to market. The investment would be
high as the product is of mass production.
Goals-Objectives
The goal is to achieve the largest market share. For this, the company should build a strong
R&D team and concentrate on developing a quality and reliable product. The target market
will be people between the age group of 18 to 40 years mainly students and business people.
Government is promoting renewable energy sources and this would help in achieving good
market in future for such kind of products.
Guidelines
The products should be in line with the overall strategy of 3M. The products should be cost
effective and create a breakthrough in the travel accessories market.
Background
People love traveling. In this era of globalisation and interconnectivity travelling is not an
issue anymore. Anyone can travel to his/her dream destination with great ease. With increase
in travelling the demand for travel accessories is also increasing. The travel accessories
market is booming with lot of innovative products and lot of companies in the market. 3M
Corporation, with a strategy to diversify to new sectors are trying to come up with innovative
products that fits to the overall strategy of the company. There is lot of competition for big
players in the global market. So 3M Corporation has to come up with products with
disruptive technology and style.
Focus
RFID technology can be used in the tracker that is attached to the belt. The product should
target private and government officials who get transferred and move to new places quite
often. It can also focus on travellers who normally prefer travelling by bus, train or other
heavy vehicles. The premium segment customers can be targeted.
Goals/Objectives
Marketing should be done stating that this is a multi-purpose bag that can cater to variety of
needs. The goal can be achieved by building a high quality product as the bag needs to be
really sturdy and responsive as its operated using a remote control.
Guidelines
The products should be in line with the overall strategy of 3M. The products should be cost
effective and create a breakthrough in the travel accessories market.
Background
People love traveling. In this era of globalisation and interconnectivity travelling is not an
issue anymore. Anyone can travel to his/her dream destination with great ease. With increase
in travelling the demand for travel accessories is also increasing. The travel accessories
market is booming with lot of innovative products and lot of companies in the market. 3M
Corporation, with a strategy to diversify to new sectors are trying to come up with innovative
products that fits to the overall strategy of the company. There is lot of competition for big
players in the global market. So 3M Corporation has to come up with products with
disruptive technology and style.
Focus
Travellers normally prefer to rent caravans or MUVs fitted with all these equipments. But
our focus here to provide all these facilities to frequent travellers with a nominal value.
As part of production process, our company (3M) needs skilled fitters. The required products
can be outsourced from various other manufacturers like Kurlon, Royale Furniture Holdings,
Havells, LG, Parryware and so on. The products can also be imported from Chinese
manufacturers. Our company will not have to concentrate on developing each product as the
range of products include furniture, electronic and electrical items. So we need to just build
contact with other manufacturers and co-ordinate with them. The service will also be
provided by the OEMs. The problems with the fitting the products can be accessed by our
company.
The key player to such as concept in the US and UK are the caravans which comes with all
the accessories fitted by the original manufacturer. Most of the customers prefer these
vehicles as they are highly reliable and cane be used for multi purposes. But these vehicles
are not so prominent in India. The main players in the Indian market are the local vehicle
accessory stores. It should be easy for 3M to tackle these players.
Goals/Objectives
The goal is to increase the market share by applying the market penetration strategy. Try to
acquire the market share of self-driven vehicles.
The marketing team should target only the urban parts of India as most of the rural population
will have less inclination towards the product. The product targets middle to premium class
society as the products fitted ranges from Rs. 300 to Rs. 1 lakh per device depending on the
affordability of the customers.
Guidelines
The products should be in line with the overall strategy of 3M. The products should be cost
effective and create a breakthrough in the travel accessories market.
Background
People love traveling. In this era of globalisation and interconnectivity travelling is not an
issue anymore. Anyone can travel to his/her dream destination with great ease. With increase
in travelling the demand for travel accessories is also increasing. The travel accessories
market is booming with lot of innovative products and lot of companies in the market. 3M
Corporation, with a strategy to diversify to new sectors are trying to come up with innovative
products that fits to the overall strategy of the company. There is lot of competition for big
players in the global market. So 3M Corporation has to come up with products with
disruptive technology and style.
Focus
To attract short period travellers as this is likely to be the future suit for them. Rightly
promoted, this product should capture the market share of at least 15%-25% of travel bags.
Goals/Objectives
The main goal is to acquire a long term market share. This can be achieved by coming up
with stylish coats in different colours like camouflage for trekkers and bright/trendy colours
for youngsters.
Guidelines
The products should be in line with the overall strategy of 3M. The products should be cost
effective and create a breakthrough in the travel accessories market.
Background
People love traveling. In this era of globalisation and interconnectivity travelling is not an
issue anymore. Anyone can travel to his/her dream destination with great ease. With increase
in travelling the demand for travel accessories is also increasing. The travel accessories
market is booming with lot of innovative products and lot of companies in the market. 3M
Corporation, with a strategy to diversify to new sectors are trying to come up with innovative
products that fits to the overall strategy of the company. There is lot of competition for big
players in the global market. So 3M Corporation has to come up with products with
disruptive technology and style.
Focus
The critical part of the product is to build contact with the libraries around the globe and sign
an agreement to access their collections. Initially, the company can concentrate on signing
contracts with libraries in India and later venture to global markets once the concept becomes
prominent.
Goals/Objectives
The main goal to bring the concept of e-books to market due to growing environmental
concerns. A detailed survey needs to be conducted to know regarding the variety of books
preferred by people and know about libraries which have access to most of them. The
company needs a strong advertising team to come up with new ideas to create awareness in
people.
Guidelines
The products should be in line with the overall strategy of 3M. The products should be cost
effective and create a breakthrough in the travel accessories market.