10

10 PAGES

APA

SOURCES;8

Describe a product development or management process, methodology, or model that could be utilized to implement the innovation. The group should select and use one of these models for developing its own implementation plan.

For this assignment, write a paper of 2,000-3,000 words that addresses the following:

1. Finalize the name and include a one- or two-sentence description of the innovation.

2. Describe the value the new product or service will provide to customers and describe the need it will meet.

3. Utilizing the model selected by the team, create the detailed implementation plan for the innovation. Make sure the plan accounts for contingencies/risks in the implementation process and includes realistic timeframe and budgeting considerations.

4. Use graphics such as organizational charts, process maps, and/or budget tables as appropriate to increase the readability and professional appeal of the plan.

5. Include in-text citations from at least six secondary sources.  Each person on the team must contribute an article from the research that was completed on product development or management processes, methodologies, and/or models.

Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.

(REFERENCE)

Company Name: UTrac GPS Wristband

Budget Breakdown:

· Starting the company would cost roughly around 30k

(labor, website, advertising, etc)

· Wristband cost: $9 for 100 wristbands

· GPS tracker chip cost: $2.87 manufactured from china

· Cost of Mobile App. development: $15,000

· Servers to run mobile app traffic: $2000 a month

Target Market:

· We sale to amusement parks and major event venues i.e. concerts, sports events (football, basketball, hockey): $4 per wristband

· Wristband is to be used as a product to replace todays “Tickets” and the need to have “Cash” with you. You can make purchases, track family, friends, but mainly your child’s movement at these major events.

· Our main focus to SAFETY OF CHILDREN

· With a cheap labor cost, we will be able to increase our profits by selling and or renting the tracker wristband at a higher price.

· Wholesale price: pack of 100, 8$ each ($800 total)

· Parks can decide on their own personal price for the wristband

· Parks who buy our product will keep their own profits, however we will receive a 5% profit for each tracker wristband sold due to the use of the mobile application for tracking purposes.

· Options of different parks in the app to choose which you are visiting

OTHER REFERENCES:

· Website creation and cost:

Expect to pay between $300 and $1,000 for template customization. The cost varies depending on how much work you want to be done – such as adding a header image, moving the logo location, creating a fixed navigation bar, changing the overall layout design, etc. CUSTOM WEBSITE DESIGN (cost $5,000 – $10,000+):Jul 12, 2017

Definitive Guide - How Much Should A Website Cost You? (July 2017)

www.websitebuilderexpert.com/how-much-should-a-website-cost/

· Key Facts: Missing and Exploited Children:

http://www.missingkids.com/KeyFacts

· Raw Data: Kidnapping statistics

http://www.cnn.com/CNN/Programs/anderson.cooper.360/blog/2007/01/raw-data-kidnapping-statistics.html

· Small Low Profile GPS RF antenna module suitable for L1-band GPS and A-GPS systems (THIS IS AMAZING INFORMATION)

http://www.semiconductorstore.com/cart/pc/viewPrd.asp?idproduct=48434&utm_source=GoogleShopping&utm_medium=cpc&utm_content=Antenova&utm_campaign=M10478-A1&gclid=CjwKCAjw5PDLBRB0EiwAh-27MldheeXt9pZkJKc0efQVFBlAX-XsjEGpVd5Co160LEd1GxpQTS8BCxoC1EoQAvD_BwE#Features

· 100 PACK LIGHT BLUE PLASTIC WRISTBANDS

https://www.eventwristbands.com/100-pack-light-blue-plastic-wristbands.html