Develop a new product and explain the market potential for it.
Five key points to cover in paper:
- Understand the market. Is there a market for the product? Start with statement of unmet need. A problem that needs a solution with a story to back it
- Observe real life people. What do they like, what do they not like, etc. Discuss a marketing plan for the product.
- Visualize: Brainstorm prototypes for the product, details on the features. Talk about developing the product and the physical characteristics.
- Evaluate the prototypes. Pick the best design.
- Implement the product into the market. Discuss distribution plan.
Sample Solution