The document summarizes the strengths, weaknesses, opportunities, and threats for an innovative washing machine product. The key strengths are that it uses 80% less water, 50% less energy, and 50% fewer chemicals than traditional machines. However, weaknesses include potential customer uncertainty over performance and a lack of awareness. Opportunities exist to attract customers through cost savings and incorporating additional features at competitive prices. Threats include potential reluctance to adopt new technologies.
The document summarizes the strengths, weaknesses, opportunities, and threats for an innovative washing machine product. The key strengths are that it uses 80% less water, 50% less energy, and 50% fewer chemicals than traditional machines. However, weaknesses include potential customer uncertainty over performance and a lack of awareness. Opportunities exist to attract customers through cost savings and incorporating additional features at competitive prices. Threats include potential reluctance to adopt new technologies.
The document summarizes the strengths, weaknesses, opportunities, and threats for an innovative washing machine product. The key strengths are that it uses 80% less water, 50% less energy, and 50% fewer chemicals than traditional machines. However, weaknesses include potential customer uncertainty over performance and a lack of awareness. Opportunities exist to attract customers through cost savings and incorporating additional features at competitive prices. Threats include potential reluctance to adopt new technologies.
1. Innovative product 1. Customers may not be sure about
2. Consumes 80% less water, 50% less the performance energy & 50% chemicals 2. Lack of product awareness among 3. Uses nylon beads customers 4. Patented technology 5. Green initiative and creates awareness amongst the customers to reduce the carbon footprint Opportunities Threats 1. Savings on the product in the market 1. Customers may not readily accept creates attention the new technology 2. Lower technology cost (it’s manufacturing cost which is nearly the same as that of conventional washing machine). Hence manufacturer can incorporate other advanced features too at a value- added price.