ScenarioIt’s the moment of truth: your opportunity to demonstrate why your new product or service is worth funding. You have done the research and know that the funding you seek can be a game changer...

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Scenario




It’s the moment of truth: your opportunity to demonstrate why your new product or service is worth funding. You have done the research and know that the funding you seek can be a game changer for the company. Not only will it produce revenue and profitability, but more importantly, it will strategically set the company apart from its competition.




You just have to convince senior management.




In preparation, you have created a checklist for yourself to use in compiling information that includes research, feasibility of the idea via the BMC, scope of project (timeline included), project risk mitigation, DEI, CSR, and 24-month pro forma.




You know that anything can happen in a funding pitch. With this in mind, you are prepared to answer questions that encompass all aspects of the project.




Directions




Create a pitch for funding. In this pitch, you will have to convince senior management to greenlight the new product or service. Aspects of the pitch that must be addressed:










  1. Value proposition: Describe the company’s current value proposition in the market.



    1. Describe the selected company’s main product or service.



    2. Discuss the company’s overall strategic plan.












  2. Competitive advantage: Describe the competitive advantage the company will gain by funding the project.



    1. Describe how you discovered an opportunity to do something better than your competitors.



    2. Determine how the new product or service shifts the value proposition of the company.












  3. Risks and opportunities: Establish the risks and growth opportunities of the company.



    1. Determine if the new product or service could disrupt the current industry.



    2. Identify the risks associated with the development of this new product or service.












  4. Growth opportunities: Describe the areas of potential growth for the company.



    1. Identify the growth opportunities within the company.



    2. Explain how the competitive advantage allows for growth.












  5. Distinguish as a new product or innovation: Distinguish the new product/service as an innovation or improvement on an existing product/service.



    1. Determine if the product or service fits within the capabilities of the company.
      Note: a company’s SWOT analysis or 10-K is an indicator of whether the new product or service could be feasible.



    2. Explain how the new product or service adds to the portfolio of the company.












  6. Target segment: Describe the targeted segment.



    1. Identify the target customer.



    2. Explain your blue ocean strategy.
      Note: The new market is identified here.












  7. Speculate sales: Speculate on the projected sales.



    1. Justify your product or service by the numbers; discuss your projected revenue gain.
      Note: it MUST have an ROI that justifies the project for investors and/or senior management.



    2. Explain the risks associated with projected sales.












  8. Speculate profitability: Speculate on the profitability of your proposed product or service.



    1. Determine if the project is profitable.
      Note: In this pitch for funding, senior management has to know that the project, based on market research, is speculated to be profitable. Use the company’s current income statement to project how the company’s profitability will be affected. Look to other companies in the marketplace with products or services similar to the one you are proposing as a basis for your projections. Note: these numbers are purely speculative.



    2. Determine the impact on the functional areas of the business (accounting, marketing, sales, and so on).












  9. CSR plan: Outline the plan to service the community or customers that purchase the product or service.



    1. Discuss how the idea demonstrates corporate social responsibility (CSR).



    2. Identify what the company has invested in as it relates to the communities they serve.



    3. Discuss how a good CSR plan helps the company gain competitive advantage.












  10. DEI plan: Summarize how the project will include a variety of perspectives to get a better unique value proposition.



    1. Determine if the company has a corporate culture built on DEI.



    2. Discuss how the project’s DEI plan fits into the company’s overall strategic plan









Answered Same DayDec 09, 2022

Answer To: ScenarioIt’s the moment of truth: your opportunity to demonstrate why your new product or service is...

Bidusha answered on Dec 10 2022
47 Votes
Eureka Forbes        4
EUREKA FORBES
Table of Contents
Market Segmentation    3
Value Proposition    4
Competitive Advantage    4
Risks and Opportunities    5
Growth Opportunities    7
Distinguish as a New Product or Innovation    7
SWOT Analysis    7
Target Segment    9
Speculate Sales    9
Speculate Profitability    10
CSR Plan    10
DEI Plan    11
References    12
Market Segmentation
Allude to partitioning limit markets into bunches having normal requests and answering specific publicizing and marketing drives. Thi
s strategy empowers organizations to target assorted buyer fragments with contrasting view of the expenses of different labor and products. The market segmentation utilized by Eureka Forbes centers around four unique factors: area, demographics, psychographics, and conduct. In spite of having its starting points in America, Eureka Forbes has during that time extended its seal to different countries around the world. The organization's geographic segmentation intends to partition the market into unmistakable geographic units like towns, districts, and neighborhoods. While Eureka Forbes focuses on urban communities and rural areas, it likewise ensures that its items are conveyed the nation over. This is finished with the figuring out that when the business extends, individuals in country locales would require it (Singh, 2019).
The demographic segmentation of Eureka Forbes is additionally separated into sub-sections in view of various factors, including age, neatness inclination, individual everyday life cycle, religion, period, financial class, and country. The most notable starting point for isolating clients from organizations is Eureka Forbes' rundown of these characteristics. The psychographic portion of the Eureka Forbes market segmentation classifies people into a few classifications just based on their lifestyle, qualities, or values. The conduct variable stops Eureka Forbes' segmentation of promoting. It every now and again centers around how clients see, use, respond to, and feel about its merchandise. Most of advertisers accept that social viewpoints are extraordinary spots to begin while fostering a market.
Value Proposition
A value proposition is the value that an organization offers to give clients would it be advisable for them they choose to purchase their merchandise. An expense proposition is a part of an organization's complete publicizing methodology. The estimating proposition offers a statement of purpose or a declaration that uncovered an association's logo to clients by illustrating the organization's values, techniques for activity, and explanations behind why it merits their support. A value proposition might be portrayed as a business or marketing guarantee that an organization uses to make sense of why a client ought to buy a decent or use a help.
For the length of the field, the organization created music that was accordingly appropriated to approved Eureka Forbes bottlers. The bottlers make finished merchandise in jars and jugs from the move in a combination with separated water and sugars, as long as they keep up with regionally extraordinary agreements with the organization. Following that, the jugs promote, circulate, and sell Eureka Forbes through retail outlets and candy machines. These bottlers incorporate Eureka Forbes organizations, which is the main bottler of Eureka Forbes in North America and Western Europe (Panda, 2019). Significant cafés and feast merchants may likewise get copper and iron channels from the Eureka Forbes organization. The Eureka Forbes administrator fabricates the syrup and concentrates expected to make this drink, notwithstanding numerous others, and makes them accessible to clients in 193 nations across the world.
Competitive Advantage
A later undertaking was made by the organization to send refrigeration techniques that consolidate water from surrounding air in Mumbai in July. The cycle might create 500 glasses or 120 liters of water consistently. The previously mentioned occurrences exhibit how the three-decade-old business has developed and changed over the long haul. As a matter of fact, the Shapoorji Pallonji Gathering firm, known for increasing bit by bit and credited with presenting water filtration to the country, has been attempting to keep up with and increment its market position in a profoundly serious climate, outstandingly in its center water purifier area.
In fiscal 2012/13, the latest period for which information is accessible, the organization's deals came from the water purifier industry to the tune of around half. In the Rs 3,400 crore market, it is the market chief (Sahu & Jena, 2022). Kent RO Frameworks is a wild rival in the quickly growing opposite assimilation (RO) business, where the organization holds a piece of the pie of over 70%. With a 40 to 45 percent piece of the pie, Kent declares that it is the business chief in RO.
As indicated by Eureka Forbes, it holds a 36% portion of the overall...
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