Idea Development for a New Product or Service

Step one – Generating an Idea:

Brainstorm your ideas into the space provided below

School smoothie bar

School tailor

Step two – Product Screening:

Give a brief explanation for the top three ideas that your group chose and why you
decided which one was your favourite idea.
We have two ideas a school tailor which will provide all the students their clothes
and can provide senior jackets and graduation gowns, the other idea is a smoothie
bar which will be at break time and after school and will provide healthy drinks and
snacks for teachers and students

We chose school based smoothie bar because it will provide a healthy option for
students and teachers that school cafeterias cannot provide

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Step three – Concept Development:

Provide all the necessary details of your chosen idea and include sketches of what

your product/service may look like.

We will have employees that operate in breaks and after school, we have an

estimated profit of of 100k per year, we will get different products like blender,

refrigerator, fresh fruit and yoghurt, we may face some challenges like managing

inventory to minimize waste and complying with health and safety regulations

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Step four – Conducting a Feasibility Study:

Put together answers to the following questions to see if your product is feasible

or do you need to go back to step one.

1. How much will your idea cost to develop? Research the prices of your

different parts/how much your competitors charge for a similar product or

service.

____the idea will cost 10k aed from supplies , ingredients in bulk and the point of

sale system

Each product will cost 25aed and most of our competitors charge it at 30 aed

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2. How long will it take to produce this product or service?

It will take up to 3 months to build the kiosk, get the ingredients and supplies, and

get an employee

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Step five – Prototype Development:

Produce a sketch for what your finished product will look like. Label it with the

different parts/pieces/ingredients you will need

Ingredients will be fruits yogurts protein

Parts will be refrigerator and blender