Professional Documents
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CERTIFICATE
Certified that the Project report titled “ Savior Device” is the bonafide work of
NEETU SAMUDRE, MBA-1st YEAR who carried out the work under my supervision.
Certified further that to the best of my knowledge the work reported here in does not
form part of any other project report or dissertation on the basis of which a degree or
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DECLARATION
I declare that this written submission represents my ideas in my own words and
where others' ideas or words have been included, I have adequately cited and
referenced the original sources. I also declare that I have adhered to all principles
of academic honesty and integrity and have not misrepresented or fabricated or
falsified any idea / data / fact / source in my submission. I understand that any
violation of the above will be cause for disciplinary action by the Institute and can
also evoke penal action from the sources which have thus not been properly cited
or from whom proper permission has not been taken when needed.
MBA-1st
YEAR
Roll no. -
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ACKNOWLEDGEMENT
Finally, I would like to thank one and all who have helped me directly or indirectly in
preparing this report.
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Table of Contents
Analysis
Introduction
Case study
Market Analysis
Competitive Landscape
Development of Saviour
Market Planning
Financial planning
Financial Analysis
Conclusion
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Analysis
Every year more than 1.35 million people die on the roads and some millions
suffers serious injuries. Also, road accidents are the leading cause of fatalities for
people aged 15–29, worldwide. The objective of halving the number of road deaths
and serious injuries has been renewed towards the 2050 „Vision Zero‟ From a
technical-scientific viewpoint, road accidents analysis aimed at increasing road
safety can be performed by using two main approaches: a „model-centered‟
approach, in which mathematical models are adopted to estimate frequencies and
severity and to define and apply preventive measures, and a „data-centered‟
approach aiming at defining better safety measures by analyzing historical road
accident data. As for the „model-centered‟ approach, researchers usually propose
and apply accurate and sophisticated quantitative models and methods, specifically
aimed at analyzing road safety risks, predicting accident frequency and severity
and measuring the impact that risk factors have on accident occurrences The
American Highway Safety Manual (HSM) is one of the main references worldwide
for what concerns accident prediction models. Owing to their predictive
capabilities, such methods have been largely applied in several studies to test the
transferability of the HSM approach to conditions other than the American ones,
both for rural and urban networks Although such calibration resulted to be fairly
satisfying (for rural rather than urban road), site-specific models are largely
recommended, as they enable more accurate predictions for the specific contexts.
The „model-centered‟ approach is not often of immediate use, especially
considering that decision-making subjects (i.e., public administrations, road
managers, etc.) do not have sufficient technical skills and competences to apply
them and interpret their results. As for the „data-centered‟ approach, it is crucial to
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record and collect accurate data from different sources, verify and integrate them
according to specific needs. This approach can be applied when a representative
time horizon is available. On the one hand, complex analytical models are
generally not required, thus data processing can be done quickly and easily. On the
other hand, it is necessary to stress the importance of recording and collecting data
properly and continuously for the analysis and evaluation of the safety of different
types of road infrastructures (i.e., open air sections, tunnels, etc.) The importance
of data collection process is also highlighted by Imprialou and Quddus who
critically analyzed data shortcomings due to accident-reporting issues, data
incompleteness and accuracy, referring to the principle of „Garbage in garbage
out‟, and by Schlögl and Stütz who classified accident information into three main
categories (accident location, vehicle and person-related information). Focusing on
the „data-centered‟ approach, this paper proposes an operational straightforward
methodology for the evaluation of the road infrastructures safety performances and
the definition of road safety measures to increase road safety. Moreover, the
overall methodology relies on road accident official statistics data, which are
standardized and generally publicly available, to make the whole process widely
replicable. The user-friendliness of the method enables to easily identify the most
critical road segments so that resources can be allocated more efficiently and in a
prioritized way. In doing so, the proposed method represents an effective decision
support system capable of helping both public and private stakeholders – such as
road managers and Administrators – in dealing with road safety. The remaining of
the paper is structured as follows. In Section 2 the proposed methodology is
explained, whereas in Section 3 the application of the approach to a real case study
is provided.
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Introduction
The increasing number of accidents on roads is a
matter of concern globally. Bikes have become one
of the most preferred modes of transportation,
especially in developing countries. The increasing
number of bike riders on roads and the lack of
awareness regarding traffic rules and safety
measures are the major reasons behind bike
accidents. The Saviour is an innovative product that
aims to address this issue by providing an advanced
safety system for bikes.
This project report aims to explore the market
potential and feasibility of Saviour, a product
designed to prevent accidents in bikes. The product
is an advanced system installed in bikes that can
detect accidents and alert the rider to take necessary
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precautions. The system works by giving
instructions to the rider to slow down and stay aware
while riding the bike. The report will evaluate the
product's feasibility, market potential, and financial
viability. The report will also analyze the
competitive landscape and suggest strategies for
marketing and distribution.
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ROAD ACCIDENTS IN INDIA
RECOMMENDATIONS
Most of the causative factors are indicative of the
fact that the road accidents in India are caused due to
either road environment related issues or due to
human factors. Accordingly, the recommendations
have been limited to addressing these factors
through incorporating certain corrective measures in
the construction norms for BRO roads as also
proposing measures towards improving road safety
awareness amongst the road users.
Recommendations Relating to Road
Environment/ Features.
Road Safety Measures. The roads constructed by
xx
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BRO fall in mountainous and hilly areas which are
also prone to landslides, snowfall, avalanches etc
and therefore provision of protective measures such
as crash barriers, parapets etc must be a compulsory
requirement for all new roads being constructed as
also for existing roads where these measures are
currently lacking.
Lighting Provision. Street lighting on identified
dark stretches must be ensured as part of jobs subject
to security considerations of the armed forces. Use
of solar powered street lights where feasible may be
considered where feasible.
Weather Proof Roads. The riding surface must be
so designed that it mitigates the weather related
problems a road user is likely to face. Anti-skid
surface in areas of heavy rainfall and snowfall must
be catered for even at greater
xx costs than the current
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specifications.
Provision of Road Safety Mirrors. Provision of
large mirrors on sharp curves, blind turns etc must
be ensured for better safety.
Accident Audit. A six monthly audit of all roads
must be undertaken to identify accident prone zones
and ensure provisioning of adequate warning
signages.
Signages and Safety Slogans. BRO has been
appreciated by the Hon‟ble Prime Minister for the
innovative and practical road safety slogans on its
roads. These must be further improved upon and
prominent signboards including, digital ones,
displaying road safety slogans must be placed all
along the road.
Road Illumination. Extensive use of fluorescent
xx
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paint for road marking, use of cats eyes etc must be
ensured to complement or offset street lighting
limitations. Avalanche/ Slide Protection.
Identification of avalanche and landslide zones and
construction of protective structures to mitigate their
damaging effect must be undertaken through careful
scientific study of the terrain and weather.
Provisioning of such structures.
Rest Shelters. Provision of suitable shelters as rest
locations at carefully chosen places along the road to
avoid fatigue to drivers must be catered for since
BRO roads are in remote areas and lack adequate
infrastructure for such purposes. Such structures can
also be created in conjunction with the local state
authorities. Revision of Road Construction Norms.
Areas identified as accident prone can be provided
with greater road width xx
including surface width in
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addition to protective structures to reduce the
probability of accidents. As far as possible sharp
curves and steep gradients be avoided and
provisioning of tunnels may be examined to obviate
requirement of multiple zigs and steep gradient.
Recommendations Relating to Addressing
Human Factors
. BRO Unit Locations to Serve as Road Safety
Awareness Hubs. The various detachments located
astride the BRO roads can be developed as road
safety awareness hubs through placement of large
signboards, posters and information boards to make
the road users aware of legal and safety
requirements.
Road Safety Awareness Campaigns. Road Safety
Awareness camps involving road side interaction
with road users, visits toxx population hubs, talks to
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local taxi and commercial vehicle drivers through
the local police/ administration etc are some
measures that can be adopted by the BRO units to
spread the message of road safety.
Interaction with Schools and Colleges. Regular
talks in schools and colleges on road safety
awareness issues must be conducted to target school
and college children.
Road Safety Cards. All BRO vehicles must be
provided with Road Safety Cards which include
Do‟s & Don‟ts that need to be adhered to. Placement
of such cards in BRO guest rooms at all levels is
also recommended.
Demonstrated Adherence to Road Safety Norms.
BRO vehicles and work sites must ensure that
precautions being taken for road safety are visible to
other road users to serve xxas an example and source
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of motivation/ encouragement.
Harnessing Social Media. BRO Social Media
handles must be extensively utilised to spread the
message of Road Safety Awareness. All measures
being taken in this regard must be shared through
Social Media for a wider reach.
Road Safety Marathon. A run for spreading
awareness may be conducted under the aegis of
various Projects in conjunction with local State Govt
officials. The culmination venue can be used to
showcase road safety awareness messages, rules and
legal provisions with respect to road safety and
accident prevention etc.
Conclusion
Road accidents have become a leading cause for
fatalities and injuries globally with India being the
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leading country in this regards. The huge loss of life
and attendant economic losses are highly avoidable
and require urgent measures to be adopted for
effective mitigation. The BRO, as a premier road
construction agency, is responsible to ensure that
road safety provisions on all its roads are made to
international standards and are aligned towards not
just reducing accidents but also preventing them
altogether. Spreading awareness on the aspects of
road accidents and road safety requirements must
become a key agenda for the BRO thereby
enhancing the scope of the organisation‟s
contribution to Nation Building.
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Market Analysis
The market potential for Saviour is huge,
considering the increasing number of bike riders on
roads. The product is expected to be in high demand
in countries where bike ridership is high. The market
potential for the product can be further increased by
targeting the youth population who are the primary
users of bikes. A SWOT analysis of the product has
been conducted to evaluate its strengths,
weaknesses, opportunities, and threats.
Strengths: Saviour is an innovative product that
addresses a significant concern in the market. The
product is easy to use and can be installed in any
bike. The product provides a unique value
proposition and can differentiate itself from
competitors in the market.
Weaknesses: The productlii requires a significant
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investment in research and development. The
product's success is heavily reliant on the adoption
of the product by bike riders. The product's success
is also dependent on the effective marketing and
distribution of the product.
Opportunities: The market for bike safety systems
is relatively new, and there is a high potential for
growth. The product can be marketed to a wide
audience through various channels, including social
media, events, and bike stores.
Threats: The market for bike safety systems is
highly competitive, with established players offering
similar products. The success of the product is
dependent on the adoption of the product by bike
riders. The product's success is also dependent on
the effective marketing and distribution of the
product.
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Competitive Landscape The competitive landscape
for Saviour is fragmented, with a few established
players offering similar products. However, the
market for bike safety systems is relatively new and
provides ample opportunities for new players to
enter and establish themselves. The key players in
the market include:
1. Bosch: Bosch offers a range of bike safety
systems, including anti-lock braking systems and
electronic stability control.
2. Continental: Continental offers a range of bike
safety systems, including anti-lock braking systems
and tire pressure monitoring systems.
3. WABCO: WABCO offers a range of bike safety
systems, including electronic braking systems and
collision avoidance systems.
Saviour can differentiate itself from competitors by
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offering a unique value proposition. The product's
advanced system can detect accidents and alert the
rider to take necessary precautions, giving
instructions to the rider to slow down and stay aware
while riding the bike. To gain a competitive
advantage, Saviour can focus on effective marketing
and distribution strategies
Competitive Landscape
The competitive landscape for Saviour is
fragmented, with a few established players offering
similar products. However, the market for bike
safety systems is relatively new and provides ample
opportunities for new players to enter and establish
themselves. The report has analyzed the competitive
landscape and identified key players in the market.
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The report also suggests strategies for marketing and
distribution to gain a competitive advantage.
Development of Saviour
The development of Saviour took place over a
period of two years. The product development team
spent months researching the market and the needs
of the consumers. The team worked hard to ensure
that Saviour met the needs of the consumers and was
easy to use. The development team focused on
creating a product that was affordable and could be
used by anyone.
Features of Saviour
Saviour is a feature-rich product designed to provide
an added layer of safety to bike riders. The device is
equipped with several sensors that detect accidents
and provide instructions to the rider to prevent
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accidents. Some of the features of Saviour are:
• GPS Tracker: Saviour is equipped with a GPS
tracker that provides the location of the bike to the
rider.
• Audio Instructions: Saviour provides audio
instructions to the rider. The audio instructions are
designed to prevent accidents and keep the rider
safe.
•
• Mobile Application: Saviour comes with a
mobile application that allows the rider to monitor
the bike's status and receive alerts on their mobile
phone.
Target Market
The target market for Saviour is the bike riders. The
product is designed for anyone who owns a bike and
is concerned about their safety. Saviour is especially
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useful for those who ride in busy areas, where
accidents are more likely to occur.
Marketing Plan
The marketing plan for Saviour is designed to create
awareness about the product and reach out to the
target market. The marketing plan includes the
following strategies:
• Social Media Marketing: Social media
marketing is a powerful tool that can be used to
create awareness about the product. The marketing
team will create social media campaigns to reach out
to the target market.
• Influencer Marketing: Influencer marketing is
another effective strategy that can be used to create
awareness about the product. The marketing team
will collaborate with influencers to reach out to their
followers.
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• Print Advertising: The marketing team will
create print ads in popular magazines and
newspapers to reach out to the target market.
• Events: The marketing team will organize events
to showcase the product and create awareness about
its features and benefits.
Financial Plan
The financial plan for Saviour is designed to ensure
that the product is affordable and profitable. The
financial plan includes the following strategies:
• Cost Optimization: The development team has
focused on creating a product that is affordable and
easy to use. The manufacturing process has been
optimized to reduce costs and increase profitability.
• Price Point: Saviour is priced to be affordable
for everyone. The price point has been set to ensure
that the product is accessible to everyone.
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• Revenue Streams: The revenue streams for
Saviour include the sale
Marketing and Distribution
The report has suggested various strategies for
marketing and distribution of Saviour. The product
can be marketed through social media platforms,
bike forums, and events. The report has also
recommended the use of influencers and celebrities
to promote the product. The distribution strategy for
the product can be a combination of online and
offline channels. The product can be sold through
online marketplaces, bike stores, and service centers.
Financial Analysis
The report has conducted a financial analysis of the
product to evaluate its financial viability. The
analysis includes revenue projections, cost analysis,
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breakeven analysis, and return on investment. The
report has also suggested various funding options for
the product, including venture capital, angel
investors, and crowdfunding.
Conclusion
The Saviour is a product that has the potential to
revolutionize the bike safety system. The product is
innovative, advanced, and has a high demand in the
market. The report has evaluated the feasibility,
market potential, competitive landscape, marketing,
and distribution strategies, and financial viability of
the product. The report suggests that the product has
a high potential for success and can be a profitable
venture for investors.
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