New product that you want to showcase in your presentation
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You are applying for a managerial position at an innovative and rapidly growing company. This is a dynamic company that wants an individual who adds value to the organization. Managers at this company wear many hats, so the position requires managing products, people, and financial aspects of running the company.
As part of the interview process, you are required to make a presentation covering four different topics, one per module for this course.
You choose the company and the new product that you want to showcase in your presentation. It can be real or fictitious (based on an industry). This is for background purposes only. The presentation is to showcase your abilities and what you can contribute to the organization.
IBIS World and BizStats have estimates of cost of good sold and some other categories of operating expenses. Information about contribution margins are not available, but adding new products typically mean incurring both fixed and variable costs. Consequently, cost of good sold is a reasonable estimate. Net operating income as a percentage of sales or some variation thereof may also be relevant if the new product is expected to contribute significantly to the bottom line. As a candidate for a position you would not have internal information available, but being resourceful and being a skilled researcher are desired traits for the position. IBIS World also have a wealth of other market statistics that may be helpful. Use listed background material and other resources as needed.
Required:
Include the following items in your presentation.
•Present an idea for a new product.
•Describe the product.
•Show some cost estimates and pricing suggestion for this product based on research.
•What approach would you use to determine selling price (for example cost plus or target costing)? It is important when choosing a design.
•Explain your rationale for the pricing approach.
•Show expectations of growth and potential profit.
SLP Assignment Expectations
Submit a Power Point presentation or a Word Document. A Power Presentation should have no more than six slides and a Word document cannot exceed two pages. Use words, tables, and graphs to make a succinct presentation. Document all sources and provide links at the end. It is acceptable to add another slide or page to list the sources.
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Solution Summary
The expert examines new products that you want to showcase in the presentation. The response addresses the query is posted in 620 words with APA References.
Solution Preview
The response addresses the query is posted in 620 words with APA References.
//The determination of price at the introduction phase of the new product is a challenging exercise. In this context, the considerations in price determination and choice of the pricing technique have been explored in the following discussion. Further, in the later section, the paper also discusses the growth expectations of the product and potential profit.//
Company and Product:
For the purpose of product analysis, Harley-Davidson Inc, a giant manufacturer of Touring, Dyna, V-Road, and Street motorcycles, has been chosen. The solar energy motorcycles have been chosen as the innovative product for the company. With the huge increase in the demand for motorcycles in the recent years, the problems of fuel supply have arisen. The increased use of motorcycles has resulted in increased demand for fuel but being a natural resource, the supply of fuel is limited. Due to this demand and supply gap, the prices of ...
Education
- MBA (IP), International Center for Internationa Business
- BBA, University of Rajasthan
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