Business Title

Innovation- never existed before

CRITERIA FOR Unique features to the existing product

PRODUCT FOR
THE FUTURE-
Portable/flexible
Your model should be
able to meet more than
one criteria Different use/design

Sustainable use-energy
efficient/recyclable/renewable resource used
Products for the future
LINK FOR MORE INFROMATION:

https://www.thecut.com/2016/10/12-futuristic-products-that-might...
Back in the '80s, everyone
thought that by the year 2015,
we'd all have hover boards and
flying cars. Before you get
upset about being stuck in the
present, rather than a
technologically-advanced
Moving into the next few decades, what world of the future, you need
products will be produced to help us to
live better, faster and with more fun? to stop and think about some
of the amazing products on
the market that really are
incredibly futuristic.
Five years in the making, this $170 energy-
efficient lightbulb — which is meant to be
hung by itself — promises a warm, flattering
glow for up to 10,000 hours, ten times as
long as an incandescent bulb.

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Drop this $149 pebble-shaped nugget
(it’ll be available in early 2017) and some
detergent into a sink, and via ultrasonic
waves, it’ll mimic a washing machine.
Endorsed by: Mark Foster Gage, assistant
dean at the Yale School of Architecture.
This smart-furniture system,
designed by Yves Behar with the
MIT Media Lab, can convert a
bedroom into a living room and
then into a closet via a control
panel that alters layout and
lighting. The system will be
available in early 2017.
Endorsed by: Jody Medich.
“These incredibly modular
systems turn tiny apartments into
multiroom spaces, constantly
reconfiguring based on the
inhabitant’s needs.”
Business Objectives
/ Mission
Objectives refer to the specific aims of a business.
They can be specific, measurable, achievable,
relastic or time specific.
1. Description of the business
• Summary of the business and what it does

2. Products and services

• What the business sells or deliver?
• Details of the product and how it is to be manufactured and distributed.

3. The Market
• Target market – Who are you selling to? What is the age of your target customer? Will you target
upper or middle income customers?
• Analysis of competitors – Who are your competitors? Are there any in the area you want to locate
in?

4. Business location and how products will reach customers

• The physical location if applicable, internet sales or mail order. Also describes how the firm
• delivers products and services to customers.

5. Organisation structure and management

• The organisational structure, management and details of employees
required.
 This is your chance to explain what your

Product product or service is all about!! Make sure

you give thorough description and add
pictures!!

How does your How does your How does is your

How is it
product/service product/service product/service
designed?

work? operate? designed?

Pricing

1 Cost-Plus 4 Competitive Pricing

2 Penetration 5 Promotional Pricing

3 Price Skimming
Promotion

How are you going to

promote your
product and spread
awareness?
Swot analysis
Place
This is where you give details on which channel of
distribution you are going to use!!

Producer -----> Producer -----> Agent

Producer -----> Producer ----->
Wholesaler -----> -----> Wholesaler -----
Consumer(shops or Retailer ----->
Retailer -----> > Retailer ----->
online) Consumer(shops)
Consumer Consumer