Scenario: You are working a part of a newly formed entrepren…
Scenario: You are working a part of a newly formed entrepreneurial team that plans to launch their new product into the market. The team has defined a customer activity/need domain and has done research on customer needs/problems in that domain. The domain is feeding pet dogs or cats, and one of the problems (job to be done) identified in the research is that people that own multiple pets often find that one of their pets eats the food of the other pets. Your team has come up with a new product idea – a pet food feeder that recognizes a pet microchip and only lets the right pet eat the food. If the wrong pet approaches the pet feeder, the top closes so the pet can’t eat the food. Your team’s idea that has gotten good feedback from peers and potential customers. Based only on the information in the scenario and your thinking, describe two (2) potential target market segments using both need (identify at least 1 need) and segment descriptors (identify at least 2 descriptors) for each of the two target market segments. The format should be: Segment 1: [Write the description with need(s) and descriptor 1 and descriptor 2.] Segment 2: [Write the description with need(s) and descriptor 1 and descriptor 2.]
Read DetailsIn the reading on “Why New Products Win” you learned about s…
In the reading on “Why New Products Win” you learned about seven (7) critical success drivers/reasons why new product win. Which one (1) of these do you believe will be the most important for your NPD Team project and why? [Note: Write at least one paragraph on your choice and explanation. if you can’t remember the name of the critical success factor, just describe the type as best as possible for potential partial credit.] ]
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