1. The fundamental concepts that I feel govern my actions are clearly reflected in the business model I proposed. My talents range from being able to identify an opportunity from an array of problems that individuals face on a daily basis. Further I am well-spoken meaning when conveying the ideas of the business proposal I do so in a manner that is easy to understand and offers the individuals I am speaking with an opportunity to fully grasp the ideas I am trying to convey. Further my aspirations regarding my business proposal are centered around informing the public of the overall benefit of new tools around them and further I hope to establish a basis for further development in a growing industry. I see the business as an opportunity to gain further assess into the automobile industry. With this assess I would hope to gain the ability to further revolutionize the industry and establish a basis of excellency not yet established.
2. The product or service provided is quite concrete and helps provide insight into the overall benefit of the electric vehicle and how it can positively impact their lives. I hope to inform the public not only of the social and financial benefit but also regarding the environmental impact that will allow for future generations to maintain healthy lives. The business plan seeks to develop the current state of the electric car phenomenon and encourage the public to value their overall existence.
3. The demographic this product is being offered too is those who currently maintain or will gain financial security, meaning there ability to provide for themselves and their families is met and their overall wealth is substantial enough to purchase or lease an electric vehicle. The individuals will be of all age ranges and ethnicity but will mostly be advertised to those individuals living in suburban and rural areas as these areas will surely show greater signs of improvement upon the entrance of an electric vehicle into the household. The psycho graphics are centered around those that seek an affordable car and hope to save a substantial amount of money. These individuals are not concerned with glamour and seek only reliability and feasibility.
4. I believe that customers will pay for this service because it provides them insight into the overall benefit of the vehicles and gives them experience in driving the vehicle. The vehicles themselves display an overall cool or interesting factor that many individuals find would be quite in-joyful to experience. Giving them this experience will only produce greater avenues for purchasing an electric vehicle.
5.What set me apart from everyone else is my overall belief in my product or service. I have the determination to produce a large wave of support and understanding for the solution to the current problem facing many individuals around the world. I will seek out, unlike others, every opportunity for improvement in order to refine my current proposal and help those around me.
Overall every aspect describes does an adequate job to fully describe and deliver every aspect of my business. Further, the current views can be held as quite definitive as they address and answer all fields of the business proposal. With this in mind there are a few weak points that are quite noticeable in regards to the proposal such as how effective will it be toward gaining momentum. Will it slow down at a point when most if not all individuals purchase electric vehicles? These questions arise quite steadily and must be address accordingly.
Arthur,
ReplyDeleteI can sense your passion regarding your business plan in this assignment. I believe your passion and determination will take you far in your endeavors. I also commend you on your efforts to see this opportunity from all angles. To address potential threats or weaknesses will help you develop a more successful business strategy. I wonder how this business model will apply to rural environments; especially those with cold winters. Overall, keep up the good work.
Best Regards,
Suzanna
Arthur,
ReplyDeleteYou did a great job zeroing in on your target demographic. The electric vehicle industry is new, but I’m sure existing data would agree with your assessment of high income households and suburban environments. In response to the question of why you should be the one to go out on this business venture, it is clear from this assignment alone that you will live by your business and truly believe wholeheartedly in it. To your point about how many individuals will be buying electric vehicles, as technology progresses, we are watching most automotive companies testing out these new markets.
Jonah Brafman