SMART CAPSTONE Final Report

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Week1-7PresentationforDigitalicsInnovation.pptx

Week 1

Project Selection

Why we not select the Doctor office scheduling :

Disadvantage from competitor perspective:

Already many company prinoor of scheduling:

Check below link:

https://www.capterra.com/sem-compare/appointment-scheduling-software/?utm_source=bing&utm_medium=cpc

The average service from $50 to $100 , hard to compete for price

3 main office management services are include in most of them billing, CRM and customer relationship Management.

Hard make unique competitive features

Project Selection

Why we not select the Doctor office scheduling :

Disadvantage from Customer perspective:

Doctors mostly baby boomer and 76% of millennials generation

Not interested to digitalization ( hard to convince them)

Chiropractic office mostly walking rather than scheduling

Z- generation mostly interested to digitalization then take long time for cash flow

Doctors office not willing to this service( base on my own experience as office manager of 8 chiropractic and wellness centers)

Recommendation:

Change the concept to “middleware website to doctors and lawyer subscriber marketing and lead awareness”

Lawyer can find doctors to provide their clients

Doctor Can find lawyer to introduce to their patient or dealing with patient cases

Like accident cases which are famous for relationship of doctors and lawyers

(Marketing Research for Trade Show Badge scanning toward CRM)

Selected project

My Part - CRM and tradeshow

Are you currently using any of the CRM systems? If yes, which kind?

What types of functions (informations) do you mainly want to use on CRM?

How would you like to integrate the badge scanning process with each tradeshow?

How often do you attend trade shows on average per year?

What is the main theme of the trade show that you usually attend? What are the target audiences?

Next

Setting a meeting schedule

Kick off meeting ( next Tuesday)

Project introduction presentation deck or video?

Week 2

Problem statement and business Case

PROBLEM STATEMENT : Digitalics Innovation Has new innovation software as a tradeshow scan Cam for enhancing CRM for business their clients. Therefore, it needs a study for potential market trends, customer drivers market Gaps, Concept evaluation toward market penetration, packaging and pricing for achieving consistent market target positioning.

BUSINESS CASE: Conduct market research to streamline the product (software) to facilitate increase in revenue by targeting right audience and tastes, where as software features and application more robust for market competitiveness.

Project Scope

SCOPE
IN SCOPE OUT OF SCOPE
Market Gap analysis Marketing matching analysis
key driver analysis (KDA) (My Part) regression analysis and predication (My Part)
MaxDiff and Conjoint Analysis ( service packaging scoring) full Pricing, Packaging Target market adjustment
Market database structure evaluation Testing and pre prototype evaluation
Prepare different test cases Preparing Sample data (10-20) to test scenarios Manually verify that the scanner is successful in a controlled environment Validation of the data in FileMaker Full Testing Report Testing the integration with CRM Systems
Testing with large amount of data

Planning

TIMELINE
ACTIONS/MILESTONES TARGET DATE/STATUS
Identify potential customer in target market week 3
Competitive analysis week 2
SWOT analysis week 3
Market segmentation week 4
Make the research about the tradeshows and industries week 4
Market database structure research week 4
Identify key evaluation factors for market data B2B insights week 5
Make the research about the survey company and methods Week 3
Prepare the survey/questionnaire week 4
Understand software features and requirements week2
Scenario evaluation week 5
Validation week 6
Concept testing result week 6
Market Gap analysis week 6
Market driver key analysis week 6
Market data packaging week 6
Strategic Marketing plan Week 7
Final Report preparation Week 7

Get Weekly Client Approval on Completed Tasks:

TASK ID TASK LIST ASSIGNED TO ASSIGNMENT DATE STATUS COMMENTS COMPLETION DATE
1 Team leader, follow up with the team to research for study Digitalics Innovation profiling 10/20/2021 Completed 10/26/2021
2 profiling interview 10/20/2021 Completed 10/26/2021
3 The problem statement, business case, scopes 10/20/2021 Completed 10/28/2021
4 Develop the First draft of the project charter, problem statement 10/20/2021 Completed 10/28/2021
5 Define Team Roles 10/20/2021 Completed 10/28/2021
6 Sign NDA 10/20/2021 Completed 10/29/2021

Get Weekly Client Approval on Completed Tasks:

TASK ID TASK LIST ASSIGNED TO ASSIGNMENT DATE STATUS COMMENTS COMPLETION DATE
1 Market database structure research and requirement 10/26/2021 In Progress ------
2 Narrow down the target market industries based on the market research and availability 10/26/2021 In Progress -----
3 Identify the current state of the company 10/26/2021 In Progress ----
4 -Understand the project and clients' needs -Make the research about the tradeshows and industries My Part 10/26/2021 In Progress ------
5 Understand software features and requirements 10/26/2021 In Progress -----
6 Market database structure research and requirement 10/26/2021 In Progress ----

My Part - Identify 5 Industries and their Attendees’ Buying Behavior

5 Industry that we are going to focus for the project

Food & Beverage (Ranking #5)

Beauty & Personal Care (Ranking #7)

Apparel & Clothing (Ranking #10)

Home Decor & Furniture (Ranking #13)

Consumer Electronics & Technology (Ranking #14)

Note: Ranking is based on the number of trade shows by industry all over the world in 2021

Source:

https://eventsinamerica.com/events/trade-shows/2022

https://10times.com/tradeshows/by-industry

My Part - Top Trade Show (Apparel & Clothing)

Top Apparel & Clothing Trade Shows

Magic Market Week - Top Fashion Trade Show in US

Location: Las Vegas

Menswear, women’s clothing, accessories, shoes, textiles

Attracts 85,000 people and 4,000 exhibitors each year

Atlanta Apparel Markets

Location: Atlanta

235,000 attendees annually

Contemporary, young contemporary, ready-to-wear, fashion accessories

Dallas Apparel & Accessories Market

Location: Dallas

More than 40,000 attendees

Running for more than 55 years

New styles for men, women and children, along with accessories, footwear, swimwear, bridal, and prom offerings.

Source: (Wilson, 2019)

My Part - Top Trade Shows (Consumer Electronics & Tech)

Top Consumer Electronics and Tech Trade Shows

Consumer Electronic Show (CES) - One of the biggest Trade show in US

Location: Las Vegas

150,000 attendees and 4,000 exhibitors, representing over 150 different countries

Pioneering home electronics such as pocket radios, VCRs, video game systems, DVDs and Blu-Rays, plasma TVs

GITEX

Location: Dubai

Up to 150,000 attendees

Renowned for its X-Labs that focus on new innovations and Tech Talks discussing forward-thinking trends

International Security Conference West (ISC West)

Location: Las Vegas

Over 30,000 security professionals including 1,000 exhibitors

Focus on security technologies

Fields on hand include drone, robotics, access control and more

Source: (Wilson, 2019)

My Part - Top Trade Shows (Home Decor & Furniture)

Top Home Decor & Furniture Trade Shows

High Point Market - Biggest Furniture Trade Show in the World

Location: North Carolina

About 75,000 attendees

12 million square feet of show space, 180 buildings, more than 2,000 exhibitors, and attendance from more than 100 countries

Atlanta International Gift & Home Furnishing Market

Location: Atlanta

Hosts about 8,000 brands with a wide range of offerings in the 7 million square foot facility.

NEOCON

Location: Chicago

About 50,000 Attendees, and more than 500 companies

Showcase for latest designs in categories such as furnishings, flooring, fabrics, and technology

Source: (Wilson, 2019)

My Part - Top Trade Shows (Beauty & Personal Care)

Top Beauty & Personal Care Trade Shows

Cosmoprof North America

Location: Las Vegas

36,000 attendees and 1,278 brand exhibitors

Attendees include top corporate executives, managers, doctors, and researchers from the beauty and healthcare industry

Premiere Orlando - Beauty Show

Location: Orlando

66, 485 attendees and 850 brand exhibitors

International Beauty Show- IBS New York

Location: New York City

Attended by 500 of the top brand exhibitors in the beauty and personal care space in the United States

Source:

https://www.exponents.com/our-blog/the-top-15-beauty-and-healthcare-trade-shows-in-the-united-states/

My Part - Top Trade Shows (Food & Beverage Care)

Top Food Trade Shows

World Dairy Expo

Location: Wisconsin

About 70,000 Attendees

Focus: Dairy Products

Sweets & Snacks Expo

Location: Chicago

About 20,000 attendees and 700 exhibitors

Focus: Sweets & Snacks

Summer Fancy Food Show (NASFT)

Location: New York City

Gathering of 35,000 visitors and 2700 exhibitors

Wide range of various bold and flavorsome foods, along with other products and services

Source:

(Wilson, 2019)

https://www.exponents.com/our-blog/the-top-15-beauty-and-healthcare-trade-shows-in-the-united-states/

My Part - Key Factors that Influence Food Choice

Biological determinants - hunger, appetite, and taste

Economic determinants - cost, income, availability

Physical determinants - access, education, skills (e.g. cooking) and time

Psychological determinants - mood, stress and guilt

Social determinants - culture, family, peers and meal patterns

Personal determinants - Age, Lifestyle, Attitudes, beliefs and knowledge about food

Source:

(Rangaiah, 2021)

https://www.eufic.org/en/healthy-living/article/the-determinants-of-food-choice

My Part - Sample Factors Using in Survey for Food Industry

Race/Ethnicity - Social

Allergens - Biological

Type of “Eater” - Biological

Type of Food Eater - Personal

Grocery Shopping Habits -Physical & Social

Number of Meal per Day - Social

Breakfast Preference

Meal Preparation Habits - Physical & Social

Weekly Spend on Meals - Economic

Dietary Behavior - Personal

Nutrition Behavior - Physical & Personal

Taste Preference - Biological

Favorite Food - Biological & Cultural

Favorite Drink - Biological & Cultural

Snack between Meals? - Biological & Psychological

My Part - Background of Key Driver Analysis

A Key Driver Analysis could help to examines the relationships between potential factors and behavior such as a positive recommendation or customer satisfaction.

It is important for the organizations to identify their customer satisfaction, loyalty, and service/product influence to better improve their business.

KDA could be generate by collecting customer’s likelihood data from NPS (Net Promoter Score) Survey.

Outcome Metric - Main questions in survey (likert scale)

Potential Driver - Rating questions

Use multiple linear regression to determine the correlations between independent variables (potential drivers) to get the best linear combination to predict a dependent variable (the outcome metric).

Important but

Poorly Rated

Important and highly Rated

Not important and

Poorly Rated

Not important but highly Rated

My Part - Next Step

Define the target audiences for the Top-rated Trade Shows

Make the researches for the survey company and survey methods

Identify the key factors that influence consumer buying behavior for each industry

Implement the Key Driver Analysis

Week 3

Get Weekly Client Approval on Completed Tasks:

TASK ID TASK LIST ASSIGNED TO ASSIGNMENT DATE STATUS COMMENTS COMPLETION DATE
1 Market database structure research and requirement 10/26/2021 Completed 10/26/2021
2 Narrow down the target market industries based on the market research and availability 10/26/2021 Completed 10/26/2021
3 Identify the current state of the company 10/26/2021 Completed 10/28/2021
4 -Understand the project and clients' needs -Make the research about the tradeshows and industries My Part 10/26/2021 Completed 10/28/2021
5 Understand software features and requirements 10/26/2021 Completed 10/28/2021
6 Market database structure research and requirement 10/26/2021 Completed 10/29/2021

Get Weekly Client Approval on Completed Tasks:

TASK ID TASK LIST ASSIGNED TO ASSIGNMENT DATE STATUS COMMENTS COMPLETION DATE
1 B2B Market data collection quality and integrity evaluation 11/03/2021 In Progress 11/16/2021
2 Define market preference and target industry narrowing My Part 11/03/2021 In Progress 11/16/2021
3 Current company interview More competitors evaluation 11/03/2021 In Progress 11/16/2021
4 Primary Key drivers evaluation for first categories industry Miku 11/03/2021 In Progress 11/16/2021
5 Primary current software testing compares to the first categories’ technical advantages. Interview with company 11/03/2021 In Progress 11/16/2021

My Part - Identify 5 Industries with High CAC Cost

5 Adjusted Industries based on CAC Cost

Home Decor & Furniture (Ranking #13, Number of Trade Shows in 2021: 1,255)

Consumer Electronics & Technology (Ranking #14, Number of Trade Shows in 2021: 1,212 )

Health & Beauty (Ranking #15, Number of Trade Shows in 2021: 1,046)

Banking & Insurance (Ranking #49, Number of Trade Shows in 2021: 249)

Telecom (Ranking #76, Number of Trade Shows in 2021: 102)

Note: Ranking is based on the number of trade shows by industry all over the world in 2021

Source:

https://eventsinamerica.com/events/trade-shows/2022

https://10times.com/tradeshows/by-industry

My Part - Top Trade Shows  (Consumer Electronics & Tech) 

Top Consumer Electronics and Tech Trade Shows

Consumer Electronic Show (CES) - One of the biggest Trade show in US

Location: Las Vegas

150,000 attendees and 4,000 exhibitors, representing over 150 different countries

Pioneering home electronics such as pocket radios, VCRs, video game systems, DVDs and Blu-Rays, plasma TVs

GITEX

Location: Dubai

Up to 150,000 attendees

Renowned for its X-Labs that focus on new innovations and Tech Talks discussing forward-thinking trends

International Security Conference West (ISC West)

Location: Las Vegas

Over 30,000 security professionals including 1,000 exhibitors

Focus on security technologies

Fields on hand include drone, robotics, access control and more

Source: (Wilson, 2019)

My Part - Top Trade Shows (Home Décor & Furniture)

Top Home Decor & Furniture Trade Shows

High Point Market - Biggest Furniture Trade Show in the World

Location: North Carolina

About 75,000 attendees 

12 million square feet of show space, 180 buildings, more than 2,000 exhibitors, and attendance from more than 100 countries

Atlanta International Gift & Home Furnishing Market

Location: Atlanta

Hosts about 8,000 brands with a wide range of offerings in the 7 million square foot facility. 

NEOCON

Location: Chicago

About 50,000 Attendees, and more than 500 companies

Showcase for latest designs in categories such as furnishings, flooring, fabrics, and technology

Source: (Wilson, 2019)

My Part – Top Rated Trade Shows (Health & Beauty)

Top Beauty & Personal Care Trade Shows

Cosmoprof North America

Location: Las Vegas

36,000 attendees and 1,278 brand exhibitors 

Attendees include top corporate executives, managers, doctors, and researchers from the beauty and healthcare industry

Premiere Orlando - Beauty Show

Location: Orlando

66, 485 attendees and 850 brand exhibitors

International Beauty Show- IBS New York

Location: New York City

Attended by 500 of the top brand exhibitors in the beauty and personal care space in the United States

Source: (Wiley, 2021)

My Part - Key Factors that Influence Furniture Choice

Psychological Factors – motivation, perception, mood, attitude & beliefs

Social Factors - family, referenced groups, roles and status

Cultural Factors – culture, subculture, social class

Personal Factors - age, occupation, lifestyle

Economic Factors - cost, income, availability

My Part - Sample Factors Using in Survey for Home Décor & Industry

Race/Ethnicity - Cultural

Space Availability – Economics/Social

Furniture Size – Personal/Cultural

Cost/Expensiveness – Economics/Social

Comfort - Personal

Style- Social/Personal/Cultural

Design – Personal/Economics

Utility – Personal/Economics

Beauty – Social/Economics

Durability- Economics/Cultural

Color – Personal/Cultural

Function- Personal/Economics

Material- Personal/Economics

Method of Shopping – Personal

Favorite Furniture Store - Personal

Source:

https://indiantimber.com/2021/03/9-key-factors-to-consider-while-selecting-your-home-furniture/

http://www.cefe.illinois.edu/jce/archives/1988_vol_6/Carll%20Wysocki%201988.pdf

My Part - 10 Best Online Survey Tools

SoGoSurvey

Survey Monkey

Qualaroo

ProProfs Survey Maker

Typeform

Google Forms

Client Heartbeat

Zoho Survey

Survey Gizmo

Survey Planet

Source: (Marrs, 2021)

https://www.wordstream.com/blog/ws/2014/11/10/best-online-survey-tools

My Part - SoGOSurvey

End-to end survey design, distribution, and analysis platform

Sample functions with the free plan

Unlimited surveys

Unlimited questions

24 unique question types

Three skip logic/page branching feebies

Ability to embed surveys into emails and web pages

Up to 200 respondents per year

Data export functionality (Word documents and CSV)

Pros:

Able to include Pivot Tables in reports

Offers bulk editing mode

Advanced support options available

Features for working with multiple surveys.

Cons:

Help resources not as robust as more advanced tools

Display logic questions limit reordering

Source:

(Marrs, 2021)

https://www.wordstream.com/blog/ws/2014/11/10/best-online-survey-tools

(Rubin, 2019)

https://www.pcmag.com/picks/the-best-online-survey-tools

My Part – Survey Monkey

Most well-known online survey tools

Services for the free plan

10 questions

100 respondents

15 question types

Light theme customization and templates

Embed Surveys

Cons: Function of exporting data only available from GOLD Plan $300 per year

Pros:

Survey status monitoring is easy using mobile app

Question library is comprehensive

High market share yields many integration

Cons:

Display logic support is missing

Lower pricing tiers don’t offer great value

Source:

(Marrs, 2021)

https://www.wordstream.com/blog/ws/2014/11/10/best-online-survey-tools

(Rubin, 2019)

https://www.pcmag.com/picks/the-best-online-survey-tools

My Part – ProProfs Survey Maker

Comprehensive online survey tool with advanced survey and analytical capabilities.

With the free version, you get:

Unlimited Surveys

Unlimited Responses

Survey Scoring and Logic

Over 100 professionally made template

Custom logo and branding

Presentation ready reports

Advanced analytics

15 days free trial for the paid plan. Pro plans starting from $7/month.

With the paid plan, ProProfs Survey Maker can be integrated with most major CRM and marketing tools.

My Part – Typeform

Most creative online survey tool

Typeform’s interface and its style is attractive, reflecting the company’s motto, “Asking questions should be easy, human, and beautiful.”

Offers for the free plan

Unlimited Questions

Unlimited answers

Data export

Custom design themes or choose from templates

Basic reporting

Cons: Logic jumps are not available for the free plan, but you can pipe respondent answers into the text of the survey. (Example: respondent’s name)

Pro version is available for $25/month. The features includes payment fields, a calculator feature for scoring and pricing, options to send respondents follow-up emails, etc.

Source: (Marrs, 2021)

https://www.wordstream.com/blog/ws/2014/11/10/best-online-survey-tools

My Part – Google Form

100% free, and cost effective

The only free online survey tool that provides free logic other than SoGoSurvey.

Great for the starting

Features of Google Forms:

Unlimited surveys

Unlimited respondents

Survey answers and data are automatically collected in Google Spreadsheets

Lots of theme options

Custom Logo

Add images or videos

Skip logic and page branching

Imbed survey into emails or website

Add collaborators

Source: (Marrs, 2021)

https://www.wordstream.com/blog/ws/2014/11/10/best-online-survey-tools

My Part – Client Heartbeat

Paid only, pricier than other survey tool

Offer much more advanced reporting features

Advanced feature

Get alerts to warn you of unhappy customers, so you could get the customer satisfaction data easily.

Source: (Marrs, 2021)

https://www.wordstream.com/blog/ws/2014/11/10/best-online-survey-tools

My Part – Zoho Survey

Free version gives you:

Unlimited surveys

15 survey questions

150 responses

Highlight: Premium version offers Multilingual Surveys, so it could also be used in the oversea tradeshows.

Pros:

Support for offline surveys

Integration with other Zoho applications

Mobile app allows for the monitoring of survey responses

Cons:

No support for display logic

No support for question blocks

Source: (Marrs, 2021)

https://www.wordstream.com/blog/ws/2014/11/10/best-online-survey-tools

(Rubin, 2019)

https://www.pcmag.com/picks/the-best-online-survey-tools

My Part – Survey Gizmo

Survey Gizmo creates snazzy looking survey

Free version offers:

Unlimited surveys and questions

50 respondents

Several basic question types

Free templates

Basic reporting

Option to export to CSV

Paid version start from $15/month with increasing features like skip logic and piping, customized themes, multiple users, API, data encryption, integration with Salesforce, MailChimp, and other 3rd party tools.

Cons: Maximum 25 users for the highest plan

Source: (Marrs, 2021)

https://www.wordstream.com/blog/ws/2014/11/10/best-online-survey-tools

Week 4

Get Weekly Client Approval on Completed Tasks:

TASK ID TASK LIST ASSIGNED TO ASSIGNMENT DATE STATUS COMMENTS COMPLETION DATE
1 Prepare first draft of sample and evaluation, and customize for first Categories of industry 11/03/2021 Completed 11/16/2021
2 Finalize target market industry and come out 5 categories first draft sampler My Part 11/03/2021 Completed 11/16/2021
3 Developing the competitive features development sheets and configuration value propositions 11/03/2021 Completed 11/16/2021
4 Key drivers evaluation for 5 categories industry My Part 11/03/2021 Completed 11/16/2021
5 Technical IT evaluation sheet and progress 11/03/2021 Completed 11/16/2021

Get Weekly Client Approval on Completed Tasks:

TASK ID TASK LIST ASSIGNED TO ASSIGNMENT DATE STATUS COMMENTS COMPLETION DATE
1 B2B Market data collection quality and integrity evaluation 11/03/2021 In Progress 11/23/2021
2 Define market preference and target industry narrowing My Part 11/03/2021 In Progress 11/25/2021
3 Current company interview More competitors evaluation 11/03/2021 In Progress 11/25/2021
4 Primary Key drivers evaluation for first categories industry My Part 11/03/2021 In Progress 11/25/2021
5 Primary current software testing compares to the first categories’ technical advantages. Interview with company 11/03/2021 In Progress 11/23/2021

My Part – Key Factors that Influence Skincare and Cosmetic Choice

Source:

https://www.acadpubl.eu/jsi/2018-118-7-9/articles/9/40.pdf

https://pursuitist.com/5-factors-to-consider-when-purchasing-skincare-and-beauty-products/

Brand

Quality

Packaging

Price

Advertising

Skin Type

Needs

Ingredient

My Part - Survey Questions for Health & Beauty Industry

What is your gender?

What is your age?

What is your favorite beauty (cosmetic) brand?

What is your skin type?

How regular do you use cosmetic products?

Do you like smells in your cosmetics products?

What cosmetic product are you using?

How important is the texture?

How important are the ingredients?

How much do you spend in skin care and cosmetic products?

What would make you fall in love with the beauty products?

Is packaging important to you, and why?

How willing are you to try different skin care or cosmetic products?

When you choosing cosmetic products, which of following factors matter to you?

When you choosing cosmetic products, which of following factors matter to you?

Do you have particular place where you buy the beauty products?

Source:

https://www.smartsurvey.co.uk/s/qovc0

https://www.surveymonkey.com/mp/skin-care-products-survey-template/

My Part – Suggested Online Survey Tool for our App

SoGoSurvey

Plan & Cost: Premium Plan $1,188/year or Enterprise Plan if API integration needed (Cost needs to be discussed with SoGoSurvey)

Feature List: https://www.sogosurvey.com/complete-feature-list/

Enterprise plan could be the upgraded option for subscribing our app. (Cost could be covered by the subscription fee.)

Reason for choosing SoGoSurvey

Best Price for the unlimited responses and unlimited users (administrations)

Customizable features if upgrading to the Enterprise Plan

Design and Deploy Multi-lingual Survey

Able to export report to Word, CSV, HTML, Excel, SoGo1

Able to embed the survey in webpages

Able to include Pivot Tables in reports

Offers bulk editing mode

Advanced support options available

Features for working with multiple surveys.

Can be integrated with most major CRM and marketing tools with the enterprise plan

Source:

https://www.sogosurvey.com/complete-feature-list/

My Part - SoGoSurvey Pricing List

Source:

https://www.sogosurvey.com/complete-feature-list/

Week 5

Get Weekly Client Approval on Completed Tasks:

TASK ID TASK LIST ASSIGNED TO ASSIGNMENT DATE STATUS COMMENTS COMPLETION DATE
1 Prepare first draft of sample and evaluation, and customize for first Categories of industry Pamela 11/03/2021 Completed 11/23/2021
2 Finalize target market industry and come out 5 categories first draft sampler Codi and Miku 11/03/2021 Completed 11/23/2021
3 Developing the competitive features development sheets and configuration value propositions Rahul 11/03/2021 Completed 11/23/2021
4 Key drivers evaluation for 5 categories industry Miku 11/03/2021 Completed 11/23/2021
5 Technical IT evaluation sheet and progress Srisindhu 11/03/2021 Completed 11/23/2021

Get Weekly Client Approval on Completed Tasks:

TASK ID TASK LIST ASSIGNED TO ASSIGNMENT DATE STATUS COMMENTS COMPLETION DATE
1 B2B Market data collection quality and integrity evaluation Pamela 11/03/2021 In Progress 11/23/2021
2 Define market preference and target industry narrowing Codi and Miku 11/03/2021 In Progress 11/25/2021
3 Current company interview More competitors evaluation Rahul 11/03/2021 In Progress 11/25/2021
4 Primary Key drivers evaluation for first categories industry Miku 11/03/2021 In Progress 11/25/2021
5 Primary current software testing compares to the first categories’ technical advantages. Interview with company Srisindhu 11/03/2021 In Progress 11/23/2021

Miku Anraku – Key Drivers Analysis in Hardware Industry

Drivers analysis is a technique of determining factors that influence customers loyalty (Xia & Wang, 2020). The analysis tries to find out the correlation between certain attributes and the loyalty of customers to a specific brand. The key drivers in the hardware industry from the B2B and B2C standpoint of customers are reliability, functionality ,warranty offered by the service provider, maintainability, durability , safety and customization among other factors. In the key drivers analysis results in the excel spreadsheet I have used a Net Promoter Score of 10% and computed customers satisfaction and the correlation of the identified drivers to various subcategories of the Hardware industry. The values in the satisfaction column shows the degree of customers’ satisfaction based on various key drivers. On the hand the r Values shows the associated of industry subcategories and various key drivers. For instance the reliability has a positive correlation with hardware parts this implies that customers will be attracted to organization that offers highly reliable services.

Miku Anraku – Key Drivers in Hardware Industry

Reliability

Functionality

Capacity

Maintainability

Durability

Warranty & Guarantee

Support service

Safety

Integrations

Technology readiness

Customization

Miku Anraku – Key Drivers Analysis in Software Industry

The key drivers that influences customers loyalty in the software industry are perceived risk, performance, software functionality, user friendly, software maintainability and features of software among other host of factors. From the key drivers analysis in the excel spreadsheet I have used a Net Promoter Score NPS of 10% and computed the association of various loyalty metrics and the subcategories in the software industry. For instance, the results shows that software maintainability and programming software have a strong positive correlation of and 0.95.Similarly the subcategory of artificial intelligence has the highest value of customer’s satisfaction.

Miku Anraku – Key Drivers in Software Industry

Features

Performance

Compatibility

Maintainability

Integration

User friendly

Usefulness

Perceived risk

Goal oriented

Functionality

Miku Anraku – Key Drivers Analysis in Furniture Industry

Key drivers analysis is very important in helping the manufacturer to focus on production of products and services that will have greater influence on the customers loyalty( Cioca, 2020).The analysis of furniture industry identifies furniture style, store display, comfort, innovations furniture materials and customization among other factors as the key drivers in the industry. The results of the analysis in the excel spreadsheet in which I have used a Net Promoter Score of 10% indicates a strong correlation between the household furniture and durability. Similarly, customers are highly satisfied by the comfort with the results further indicating the furniture style has highest level of customers’ satisfaction.

Miku Anraku – Key Drivers in Furniture Industry

Furniture style (EX: Contemporary, Modern)

Furniture size variety

Customizations

Presentations

Innovation

Material

Comfort

Durability

Multi-functionality

Miku Anraku – Key Drivers Analysis in Health & Beauty Industry

Customer's loyalty in the beauty industry is driven by factors such as tester, accuracy, side effects , the ingredients, and customers services. Research indicates that customers will prefer purchasing from the firms that offer highly reliable and products with no side effects. The key driver's analysis computed in the excel spreadsheet with a Net Promoter Score of 10% and the results indicates a strong correlation between the product ingredients and dietary supplement. This means that the ingredients of dietary supplements highly contributing to enhanced customers’ satisfaction. Additionally, the excel spread sheet analysis reveals that cosmetic subcategory of Health and Beauty industry has high customers’ satisfaction.

Miku Anraku – Key Drivers in Health & Beauty Industry

Testers

Accuracy

Side effect

Reliability

Functionality

Features

Personalizations

Ingredient

Miku Anraku – Key Drivers Analysis in Business & Consulting Industry

Business and consulting is driven by a number of factors which include, reliability , mutual commitment, the popularity of the firm, the degree of knowledge of the service providers and extensive communication among other factors. These drivers are very essential in influencing customers’ loyalty and helping the business owners to focus on the services that will add value to the company. The results of the analysis in excel spreadsheet in which I have used the Net Promoter Score of 10%, to determine the level of customers’ satisfaction as well as the link between the industry key drivers and various subcategories of the industry. For instance the results shows a very strong reliability on the firm’s services and education. There is also high customers’ satisfaction which is being driven communication and reliability.

Miku Anraku – Key Drivers in Business & Consulting Industry

Reliability (Certifications)

Proficiency

System oriented

Mutual commitment

Communications

Popularity & Connections

Knowledgeable

Time management

SoGoSurvey Pricing List

Source:

https://www.sogosurvey.com/complete-feature-list/

Week 6

Get Weekly Client Approval on Completed Tasks:

TASK ID TASK LIST ASSIGNED TO ASSIGNMENT DATE STATUS COMMENTS COMPLETION DATE
1 Prepare first draft of sample and evaluation, and customize for first Categories of industry 11/03/2021 Completed 11/23/2021
2 Finalize target market industry and come out 5 categories first draft sampler My Part 11/03/2021 Completed 11/23/2021
3 Developing the competitive features development sheets and configuration value propositions 11/03/2021 Completed 11/23/2021
4 Key drivers evaluation for 5 categories industry My Part 11/03/2021 Completed 11/23/2021
5 Technical IT evaluation sheet and progress 11/03/2021 Completed 11/23/2021

Get Weekly Client Approval on Completed Tasks:

TASK ID TASK LIST ASSIGNED TO ASSIGNMENT DATE STATUS COMMENTS COMPLETION DATE
1 B2B Market data collection quality and integrity evaluation 11/03/2021 In Progress 11/23/2021
2 Define market preference and target industry narrowing My Part 11/03/2021 In Progress 11/25/2021
3 Current company interview More competitors evaluation 11/03/2021 In Progress 11/25/2021
4 Primary Key drivers evaluation for first categories industry My Part 11/03/2021 In Progress 11/25/2021
5 Primary current software testing compares to the first categories’ technical advantages. Interview with company 11/03/2021 In Progress 11/23/2021

Miku Anraku – Survey Questions for 5 Selected Industries

Survey Questions for Product-Based Industries

Week 7

Get Weekly Client Approval on Completed Tasks:

TASK ID TASK LIST ASSIGNED TO ASSIGNMENT DATE STATUS COMMENTS COMPLETION DATE
1 Prepare first draft of sample and evaluation, and customize for first Categories of industry 11/03/2021 Completed 11/23/2021
2 Finalize target market industry and come out 5 categories first draft sampler My Part 11/03/2021 Completed 11/23/2021
3 Developing the competitive features development sheets and configuration value propositions 11/03/2021 Completed 11/23/2021
4 Key drivers evaluation for 5 categories industry My Part 11/03/2021 Completed 11/23/2021
5 Technical IT evaluation sheet and progress 11/03/2021 Completed 11/23/2021

Get Weekly Client Approval on Completed Tasks:

TASK ID TASK LIST ASSIGNED TO ASSIGNMENT DATE STATUS COMMENTS COMPLETION DATE
1 B2B Market data collection quality and integrity evaluation 11/03/2021 In Progress 11/23/2021
2 Define market preference and target industry narrowing My Part 11/03/2021 In Progress 11/25/2021
3 Current company interview More competitors evaluation 11/03/2021 In Progress 11/25/2021
4 Primary Key drivers evaluation for first categories industry My Part 11/03/2021 In Progress 11/25/2021
5 Primary current software testing compares to the first categories’ technical advantages. Interview with company 11/03/2021 In Progress 11/23/2021

Miku Anraku – Survey Questions for 5 Selected Industries

Survey Questions for Service-Based Industries